Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Law’s Ambiguity a Source of Mixed Messages Over Texas Cat Claims Statute
Aug 30 2017 // Ambiguity surrounding a Texas law that goes into effect on Sept. 1 has insurance industry representatives and attorneys who represent insurance policyholders sending conflicting messages to insureds who may have suffered...
Texas Regulators Offer Guidance to Insurers on Harvey Response
Aug 29 2017 // The Texas Department of Insurance has issued several bulletins offering guidance to insurers related to Hurricane Harvey, which made landfall near Rockport, Texas, late on Aug. 25. The bulletins are in response to the...
25 Years Later: How Florida’s Insurance Industry Has Changed Since Hurricane Andrew
Aug 24 2017 // Aug. 24, 1992 was anything but a typical Monday for Robert Reynolds as he drove through debris-filled roads and devastation on the way to his family-run agency then located just north of Homestead, Fla. Hurricane Andrew...
Florida Domestic Insurer Sawgrass Mutual to ‘Wind Down’ Operations
Aug 23 2017 // Just a day after being downgraded by ratings agency Demotech, Florida-based insurer Sawgrass Mutual Insurance Company has revealed it is under administrative supervision by the Florida Office of Insurance...
Ohio’s Grange Insurance Launches 36-Month Policy Option for Businesses
Aug 22 2017 // Columbus, Ohio-based Grange Insurance has introduced a new 36-month commercial insurance package policy, aimed at helping select businesses spend less time renewing their insurance each year and more time on what matters...
As Congress Eyes Flood Insurance Renewal, Private Markets Get Ready
Aug 21 2017 // Unleashing the invisible hand that has been missing from the flood insurance market for nearly 50 years is no easy task. But private flood insurance experts say the change would be a good thing not only for private flood...
Beacon Mutual’s New CEO Spero: ‘We’re Within an Hour of Every Policyholder’
Aug 21 2017 // The board of directors of Beacon Mutual Insurance Company, a Warwick, R.I.-based workers’ compensation carrier, has elected Brian Spero as president and CEO of the company, effective in July. Beacon’s board...
Minnesota Fines Farmers Insurance Exchange for Auto Coverage Overcharges
Aug 7 2017 // Minnesota Commerce Commissioner Mike Rothman has ordered an insurance company to refund more than $300,000 to Minnesota drivers who were charged higher auto insurance rates solely because they were renters rather than...
Beacon Mutual’s New CEO Spero: ‘We’re Within an Hour of Every Policyholder’
Aug 4 2017 // The board of directors of Beacon Mutual Insurance Company, a Warwick, R.I.-based workers’ compensation carrier, has elected Brian Spero as president and CEO of the company, effective in July. Beacon’s board...
Louisiana Regulators Recover $4M for Insurance Policyholders
Jul 21 2017 // Insurance policyholders collected an additional $4 million in the first half of the year as a result of assistance provided by the Louisiana Department of Insurance (LDI). These funds are a result of staff from the LDI...
Minnesota: Farmers Insurance Exchange Overcharged Renters for Auto Coverage
Jul 21 2017 // Minnesota Commerce Commissioner Mike Rothman has ordered an insurance company to refund more than $300,000 to Minnesota drivers who were charged higher auto insurance rates solely because they were renters rather than...
Florida Insurers Place All Options on Table to Address AOB Abuse
Jul 19 2017 // Florida’s home insurers hope the public doesn’t blame them as they implement rate increases, initiate coverage changes and nonrenew policies. They say they have no choice after the Florida Legislature for the...
Louisiana Workers’ Comp Corp. Declares $90M Policyholder Dividend for 2016
Jul 11 2017 // Louisiana workers’ compensation insurance provider, LWCC, announced a 2016 dividend of $90.6 million. The amount was distributed to over 20,000 policyholders in April 2017. This is the 14th consecutive year LWCC has...
Florida’s Citizens Requests Rate Increases, Policy Changes for 2018
Jul 10 2017 // Homeowners in South Florida, as well as in many other parts of the state, can expect another rate increase next year from the state-run insurer of last resort. Citizens Board of Governors approved recommended rates and...
Florida’s Citizens CEO Gilway Responds to Claims About Managed Repair Program
Jul 7 2017 // The following letter to the editor was written by Citizens Property Insurance Corp. President, CEO and Executive Director Barry Gilway in response to an opinion piece from the Florida Association of Public Insurance...
Startup Auto Insurer Root Expands by 2 States, Pairs with Lyft on Rental Coverage
Jul 6 2017 // Startup telematics-based auto insurer Root is now offering rental coverage in partnership with ridesharing firm Lyft. For policyholders with short-term needs for alternate transportation after an incident, Root will now...
Opinion: Floridians Will Pay More For Less Under Citizens Managed Repair Program
Jul 6 2017 // Florida is famous for its catastrophic hurricanes, however, we also have our fair share of daily claims such as fire, vandalism and water losses. Florida is now becoming known for what is referred to as the...
House Committee Adds 5 More Bills to Its Flood Insurance Reform Package
Jun 22 2017 // The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the National Flood Insurance...
Florida’s Citizens Approves Policy Changes, 5.3% Statewide Rate Increase for 2018
Jun 21 2017 // Homeowners in South Florida, as well as in many other parts of the state, should expect additional rate increases next year from the state-run insurer of last resort. Citizens Board of Governors approved recommended rates...
PURE Expands E&S Homeowners Coverage to South Carolina
Jun 20 2017 // The PURE Group of Insurance Companies has expanded its PURE Programs excess & surplus (E&S) line offering designed to protect higher risk homes insured for $1 million or more, into South Carolina. With this...
