Goldsmith Asks IWIF and other Insurers for Hurricane Grace Period

Maryland Insurance Commissioner Therese M. Goldsmith on Thursday asked the Injured Workers' Insurance Fund (IWIF) and other property and casualty insurers to extend grace periods to policyholders to allow for late premium payments in the wake of Hurricane Sandy.Goldsmith said in a regulatory bulletin that Maryland Gov. Martin O'Malley declared a state emergency for the entire state of Maryland on Oct. 26 in advance of the hurricane."Because of the weather event, daily life for many Maryland consumers has been disrupted," Goldsmith said in the bulletin.The bulletin went to IWIF private ...