Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
4K Texas Businesses Share $3M in Early Qualifier Dividends from Texas Mutual
Dec 12 2018 // Austin-based workers’ compensation insurer, Texas Mutual Insurance Co., has paid more than $3 million in early qualifier dividends to approximately 4,000 newer policyholder owners across the state. This payout is the...
I.I.I. Study Cites AOB Abuse for Increasing Insurance Costs In Florida
Dec 12 2018 // A new study released by the Insurance Information Institute (I.I.I.) finds that Florida’s assignment of benefits (AOB) crisis has cost consumers billions of dollars in unnecessary litigation and inflated claim costs...
BHSI Withdraws from Hong Kong Employees’ Compensation Terrorism Pool
Dec 10 2018 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has withdrawn from the Hong Kong Employees’ Compensation (EC) terrorism pool, effective Dec. 1, 2018. BHSI said it is now the first insurer in Hong...
Florida Insurance Agents Improvise to Stay Connected During Hurricane Michael Recovery
Dec 5 2018 // The page has finally turned on the tumultuous 2018 hurricane season, but for the agents who live and work in the Florida Panhandle the story isn’t over – personally or professionally. “We all still feel like...
California OKs $16.3M Rate Reduction for Earthquake Policyholders
Nov 29 2018 // California Insurance Commissioner Dave Jones has approved a rate reduction for California Earthquake Authority residential earthquake policyholders that he says will bring millions of dollars in premium savings for 10s of...
Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims
Nov 28 2018 // Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers...
Florida Picks Up the Pieces from Powerful Hurricane Michael
Nov 20 2018 // This photo shows debris and destruction in Mexico Beach, Fla., Friday, Oct. 12, 2018, after Hurricane Michael went through the area on Oct. 10. Mexico Beach, the ground-zero town, was nearly obliterated by the hurricane,....
Mass. Appeals Court Rules in Favor of Insurer in Underinsured Motorist Coverage Case
Nov 5 2018 // A Massachusetts Appeals Court has ruled in favor of an insurer in a case involving an automobile accident in which the injured plaintiff sought to obtain underinsured motorist coverage under a policy held by the mother and...
Mass. Court Rules for Auto Insurer in ‘Blood Relative’ Household Member Case
Oct 29 2018 // A Massachusetts Appeals Court has ruled in favor of an insurer in a case involving an automobile accident in which the injured plaintiff sought to obtain underinsured motorist coverage under a policy held by the mother and...
Regulators, Industry Seek to Keep Florida AOB Abuse In Check After Michael
Oct 18 2018 // Haley Nelson inspects damages to her family properties in the Panama City, Fla., spring field area after Hurricane Michael made landfall in Florida’s Panhandle on Wednesday, Oct. 10, 2018. (Pedro Portal/Miami Herald...
Florida Orders Insurers to Halt Rate Hikes; Sets Up Hurricane Michael Claims Village
Oct 16 2018 // Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts...
Florida Regulator Urges Insurers to Respond Quickly After Michael, Says 500K Insureds At Risk
Oct 10 2018 // Fast-moving Hurricane Michael is expected to be a significant storm for the Florida Gulf Coast, and the state’s top insurance regulator says the insurance industry is ready to respond to whatever destruction it may...
Insurers Tell Congress Trump Tariffs Harm Insurance Consumers
Sep 27 2018 // As the Trump Administration continues to slap tariffs onto various consumer products, property/casualty insurers are increasingly concerned how some of these actions will affect the cost of auto and home insurance. Auto...
Oregon SAIF Declares Dividends as Workers’ Comp Costs Decrease
Sep 14 2018 // The board of directors of the SAIF, the not-for-profit company providing workers’ comp insurance in Oregon, declared two dividends for customers: a $120 million primary dividend to be paid to SAIF’s...
Roost Partners with New York-Based Kingstone Insurance
Aug 30 2018 // Roost, a provider of home telematics for property insurance carriers, has partnered with New York-based Kingstone Insurance. Roost is a technology company headquartered in Sunnyvale, Calif. Kingstone is a property and...
$3.7M Recovered for Georgia Policyholders in First Half of 2018
Aug 6 2018 // Georgia Department of Insurance responded to 5,859 consumer complaints and inquiries, returning more than $3.7 million in insurance claim payouts to many of these policyholders, in the first six months of 2018, according...
Chubb Partners with DynaRisk to Offer Cyber Loss Mitigation Service in UK, Ireland
Jul 30 2018 // Chubb has partnered with cyber security company DynaRisk to offer a cyber loss mitigation service to Chubb’s Cyber Enterprise Risk Management policyholders in the UK and Ireland. The DynaRisk service assesses a...
A.M. Best Revises Outlooks to Negative for Wisconsin Municipal Mutual Insurance
Jul 26 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Wisconsin Municipal Mutual Insurance...
Impact of Court Ruling Chubb Unit’s Crime Policy Covers ‘Spoofed’ Wire Transfer
Jul 9 2018 // In a closely-watched case on insurance coverage in an age of expanding cyber risk, a federal appeals court in New York has upheld a lower court ruling that a commercial crime insurance policy covers wire transfer losses...
Florida’s Citizens Delays Decision on Proposed Rate Increases
Jul 2 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies. The decision...
