How Other States Handle Insurance Deadlines
- Texas: Insurers must acknowledge claims within 15 days and accept or deny them within 15 business days (extendable to 45 days with justification).
- Florida: Insurers must acknowledge claims within 14 days and decide within 90 days.
- New York: Insurers must respond within 15 business days and settle within 30 days after reaching an agreement.
- Virginia & North Carolina: Require insurers to handle claims in a “reasonable timeframe” but do not impose strict deadlines.
- NAIC Model Regulations (adopted in some states): Require acknowledgment within 10-15 days, a decision within 30-45 days, and ongoing status updates every 30 days.
The ruling in Yacullo v. AIG reinforces an important reality: insurers are bound by state-specific regulations, and violating them can carry serious consequences. Policyholders have long struggled against unnecessary claim delays, but this case provides a clear roadmap for holding insurers accountable.
