Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Managing the CEA’s growth would be easier with this one small fix
Feb 8 2018 // The California Earthquake Authority, the state’s privately funded and publicly managed earthquake “instrumentality,” is growing like mad. A spate of recent natural disasters—in combination with savvy...
Beazley Adds Post-Breach Services to Cyber Coverage for Small, Mid-Sized Policyholders
Jan 24 2018 // Beazley has further enhanced its Beazley Breach Response (BBR) coverage for small and mid-sized policyholders in the U.S. In conjunction with Lodestone Security, a specialist advisory firm and wholly owned subsidiary of...
California Commissioner Wants Insurers to Pass Tax Savings to Policyholders
Jan 23 2018 // California Insurance Commissioner Dave Jones wants insurers in his state to pass along savings from taxes expected to be generated by the new tax bill passed in Congress recently. “The recent revision to the Federal...
Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse
Jan 22 2018 // A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a...
Report Shows Florida AOB Abuse Worsening as Lawmakers Consider Reforms
Jan 17 2018 // The 2018 Florida Legislative Session is underway, and lawmakers have wasted no time taking up legislation to address the assignment of benefits crisis plaguing the state. While they debate which reform option to back,...
Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse
Jan 10 2018 // A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a...
Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters
Jan 8 2018 // Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling...
Florida’s Citizens Moves on From 2017, Expects Policy Count Growth in 2018
Jan 8 2018 // Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018 for the first time since its efforts to shed policies through depopulation began...
Florida’s Citizens Expects Policy Count Increase in 2018, Plans Claims System Upgrade
Dec 20 2017 // Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018 for the first time since its efforts to shed policies through depopulation began...
Louisiana Citizens Insurance Assessment Rebate Deadline Is Dec. 31
Dec 18 2017 // Louisiana Insurance Commissioner Jim Donelon is reminding Louisiana property insurance policyholders that the opportunity to file for the partially refundable 2013 Louisiana Citizens Property Insurance Co. assessment...
Businesses to Receive Workplace Safety Grants from Missouri Employers Mutual
Dec 18 2017 // Workers’ compensation insurer, Missouri Employers Mutual (MEM), has announced a third round of safety grant recipients after awarding safety grants to 37 Missouri businesses previously. Safety grants help Missouri...
After the Storms: The Insurance Industry to the Rescue
Dec 18 2017 // When disaster strikes, the insurance industry plays a critical role in helping affected individuals, businesses and communities get back on their feet. After all, an insurance policy is a promise to pay when tragedy and...
Report: Nearly $60M in Texas Windstorm Insurer Hurricane Ike Claims Still Unpaid
Dec 13 2017 // The Houston Chronicle reports that several school districts, cities and other government agencies are still waiting for a Texas insurer to pay nearly $60 million in claims from Hurricane Ike, adding to more insurance...
Coalition, a Cyber Insurer and Cybersecurity Firm, Makes Its Debut
Dec 6 2017 // Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm. Founded in March 2017, Coalition is co-founded by technology...
Argo Partners With Front Line Safety on Restaurant, Grocer Safety Products
Dec 4 2017 // Argo Insurance, a member of Argo Group International Holdings, Ltd., and an international underwriter of specialty insurance and reinsurance products, has partnered with Front Line Safety to offer services to its...
Businesses Receive $3M in Texas Mutual Early Qualifier Dividends
Dec 1 2017 // 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 final component of the company’s $260...
Lloyd’s Pays Claims of $1.7B for Hurricanes Harvey, Irma & Maria – So Far
Nov 29 2017 // The Lloyd’s market has paid claims worth US$1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year Lloyd’s estimated a total commitment of US$4.8 billion for the three...
California Policyholders Have 24 Months to Collect Wildfire Insurance Money
Nov 22 2017 // California’s insurance commissioner says homeowners who lost their homes in last month’s wildfires in Northern California have up to 24 months to collect insurance payments. Dave Jones said this week some...
Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters
Nov 22 2017 // Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling...
Commissioner Denies Texas Windstorm Insurance Association Request to Raise Liability Limits
Nov 6 2017 // Texas Insurance Commissioner Kent Sullivan in mid-October declined to approve a request by the Texas Windstorm Insurance Association to raise the maximum limits of liability on windstorm and hail policies. TWIA filed a...
