Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
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...
House Panel Gets Down to Business on Flood Insurance Proposals
Jun 15 2017 // House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and even on what to do. The...
Louisiana, Arkansas Enact Flooding Emergency Rules
Jun 5 2017 // Both Louisiana and Arkansas recently enacted emergency regulations aimed at protecting insureds in the aftermath of devastating floods in those states. Louisiana’s action extends an emergency rule put in place...
A Few E&O Tips to Watch: Certificates, Carrier Ratings and Alternative Markets
Jun 5 2017 // It seems agencies today have more challenges than ever. Below are three tips to reduce errors and omissions (E&O) exposures. 1. Send Certificates of Insurance I would love to share with you a story regarding a...
Here’s What the House Has in Mind for Revamping Flood Insurance Program
May 26 2017 // A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The proposal would introduce...
Insurance Groups Welcome Delay in Liability Insurance Law Restatement
May 24 2017 // Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by Insurance Journal, the American Legal Institute (ALI) on...
Update: Insurers Sound Alarm Over Liability Law Restatement; Vote Delayed
May 22 2017 // Liability insurers, their lawyers and their regulators are holding their collective breath that a scheduled vote this week on a proposed restatement of law regarding liability insurance will not happen. If approved, the...
New Louisiana Emergency Rule Extends Flood-Impacted Policyholder Protection
May 15 2017 // Louisiana Insurance Commissioner Jim Donelon says a new emergency rule extends the time in which policyholders affected by August 2016 flooding have to comply with insurance policy provisions. Emergency Rule 33 continues...
State Farm Issues $13.3M in Refunds to California Policyholders
May 11 2017 // California Insurance Commissioner Dave Jones announced today that State Farm has issued refunds totaling $13.3 million for overcharged premiums to 241,356 California consumers in compliance with his rate reduction order...
Allstate’s Encompass Insurance to Exit Massachusetts This Summer
May 11 2017 // Encompass Insurance, an Allstate Insurance company that sells business through independent agents, outlined in its first quarter 2017 earnings news release its intent to withdraw from Massachusetts as part of its profit...
Louisiana’s Retailers Casualty Reports $1.7M Policyholder Dividend
May 2 2017 // Baton Rouge, La.-based Retailers Casualty Insurance Co., a workers’ comp insurer managed by Summit, has declared a $1.7 million policyholder dividend for the 2015 policy year. Retailers Casualty policies are...
Senate Bill Would Extend National Flood Insurance Program for 10 Years
Apr 28 2017 // U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set to expire on Sept. 30,...
Florida House Advances Bill Targeting Claims Abuse, But Senate Battle Looms
Apr 27 2017 // A bill aimed at decreasing insurance claims abuse in Florida has made it through the Florida House, and the industry’s hope for assignment of benefits reform now officially rests with the state Senate. The Florida...
Motorists Mutual, BrickStreet Mutual Finalize Joint Venture
Apr 24 2017 // Ohio-based property/casualty insurer Motorists Mutual Insurance Co. and West Virginia-based workers’ compensation insurer BrickStreet Mutual Insurance Co. Inc., have been granted regulatory approvals to affiliate...
Allied World to Offer Drone Loss Control Services to Policyholders
Apr 21 2017 // Allied World North America has expanded its risk management offerings to policyholders to include access to discounted unmanned aerial systems (UAS) services through DataWing, a UAS service provider led by former U.S. Air...
Texas Mutual Board OKs $260M Policyholder Dividend
Apr 20 2017 // Texas Mutual Insurance Co. announced that its board of directors voted unanimously to approve a company-record $260 million dividend distribution in 2017. Qualifying policyholder owners across Texas will share the...
Maryland Policyholders Affected by Penn Treaty, American Network Liquidation
Apr 20 2017 // Maryland Insurance Commissioner Al Redmer, Jr. has announced that more than 1,700 Marylanders have been affected by the Penn Treaty liquidation that occurred in Pennsylvania. However, the Maryland guaranty association...
