AAHOA Washington DC Area Regional Director Deepak Patel and his team had a productive meeting with Virginia Insurance Commissioner Scott White and his colleagues in Richmond, VA.
- Key Participants:
- Scott White: Virginia Insurance Commissioner, Vice President of NAIC
- Zuhairah Tillinghaat: Deputy Insurance Commissioner, Virginia
- Andrea Baytop: Chief Insurance Market Examiner, Property & Casualty, Virginia
- Key Takeaways:
- Rising Insurance Rates: Addressed concerns over increasing insurance rates in Virginia.
- Insurance Renewals: Highlighted challenges independent hotels face in renewing their insurance.
- Human Trafficking Liability: Discussed the trend of insurance carriers dropping human trafficking liability coverage despite hoteliers' compliance and staff training.
- New Insurance Providers: Requested efforts to attract new insurance companies to the hotel sector.
- Claims Payout Issues: Raised issues with delays and lowballing in claims payouts.
- Action Points:
- Commissioner White encouraged hoteliers to reach out for assistance with any specific future issues.
This meeting signifies a step forward in addressing the insurance challenges faced by Virginia’s independent hotels.