Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Senate Committee Holds Hearing on Flood Claims Process After Sandy
Jul 30 2014 // A U.S. Senate committee today conducted a hearing titled “The Flood Insurance Claims Process in Communities After Sandy: Lessons Learned and Potential Improvements,” where lawmakers had a chance to listen to...
With Premium Refunds in Process, Washington Criticism of Flood Insurance Ebbs
Jul 28 2014 // Insurance agent, insurance carrier and real estate lobbyists praised federal regulators in charge of the National Flood Insurance Program (NFIP) last week on Capitol Hill, agreeing that the process of issuing flood...
Texas Homebuilder Workers’ Comp Group Distributing $500K to Members
Jul 23 2014 // Texas Homebuilder Workers’ Compensation Group (THB) announced that 2014 dividend payments to policyholders will total more than $500,000. The program is available only to homebuilders in Texas. Founded in 2004 by...
Florida Frets That With Proposed Rate Cut, Citizens Could Be Too Competitive
Jul 22 2014 // Florida’s state-backed property insurer’s proposed rate reduction is raising questions about whether it will make the insurer competitive with the private market. Citizens Property Insurance Corp. recently...
Louisiana Commissioner Asks State Farm to Offer Lower Hurricane Deductible
Jul 17 2014 // Insurance Commissioner Jim Donelon has asked State Farm Fire and Casualty Co. (State Farm) to offer its Louisiana policyholders Louisiana the option of a 2 percent hurricane deductible on their homeowners’ insurance...
Florida’s Heritage Assumes Sunshine State Policies, Adds 150 Agents
Jul 16 2014 // Florida’s Heritage Insurance Holdings Inc. said it has it assumed approximately $59 million in annualized premium from the insolvent Sunshine State Insurance Co. Effective June 27, 2014, the policies were assumed by...
Florida’s Citizens Votes to Lower Rates Next Year
Jun 26 2014 // The Board of Governors for Florida’s Citizens Property Insurance Corp. approved on Wednesday a 2015 rate package that reflects an overall average 2.9 percent statewide decrease for personal residential policyholders...
No New Rights in Florida’s Homeowners’ Bill of Rights
Jun 23 2014 // Florida’s passage of a homeowners’ claims bill of rights left few satisfied after lawmakers largely codified current law while avoiding controversial issues such as the practice of policyholders assigning their...
Florida Private Flood Bill Now Law But Market May Take a While to Develop
Jun 17 2014 // Florida Gov. Rick Scott has signed legislation designed to encourage private insurers to offer flood insurance, but the industry is tamping down expectations that it will result in a viable market in the near future. The...
Florida Judge Approves Deal for Heritage to Assume Sunshine State Policies
Jun 16 2014 // A Florida judge has signed-off on a plan by regulators to allow a failed Florida property insurer’s policyholders to be assumed by another company, although policyholders will retain the option to seek coverage...
New Missouri Laws Expand Paperless Options, Insurance Protections
Jun 11 2014 // Under new laws signed by Gov. Jay Nixon, Missourians now have more paperless options when receiving policy information from their insurance companies, and commercial property owners will see expanded insurance protections,...
Florida’s Sunshine State Insurance Insolvent; UPC to Assume Policies
Jun 4 2014 // Florida regulators have taken over an insolvent domestic residential property insurer, but a deal is in the works for another private company to assume the insurer’s 37,000 policies. A Leon County Circuit Court judge...
Virginia Bureau of Insurance Offers Hurricane Preparedness Tips
Jun 2 2014 // Sunday, June 1, marked the official start of the 2014 Atlantic hurricane season, and Virginia’s Bureau of Insurance is encouraging consumers to ensure that they have the insurance coverage they need and to develop a...
Minnesota: Transamerica, MetLife Must Pay Insurance Policy Proceeds
Jun 2 2014 // Minnesota Department of Commerce Commissioner Mike Rothman has signed regulatory settlement agreements with Transamerica and MetLife that require both insurance companies to pay Minnesota beneficiaries their rightful...
Texas Mutual to Distribute $200M in Policyholder Dividends
May 30 2014 // Qualifying policyholder owners of Texas Mutual Insurance Co. will share a $200 million dividend distribution this year, the company’s board of directors announced after a unanimous vote on May 28, 2014. As a mutual...
N.Y. Orders Narragansett Bay Insurance to Pay $327,400 Fine
May 29 2014 // New York Gov. Andrew Cuomo’s administration announced today that Narragansett Bay Insurance Company will pay a $327,400 penalty for failing to perform timely inspections of Superstorm Sandy damage claims as required...
German Insurers Say Schaeuble Amendment Will Scare off Investors
May 28 2014 // German Finance Minister Wolfgang Schaeuble has deflected complaints from insurers worried that his revamp of how they meet obligations to policy holders will scare off investors, a ministry document released today...
Policyholders File Claims, Get Payments for California Quake
May 19 2014 // The California Earthquake Authority reported it has paid numerous claims for damage to homes that sustained “relatively minor damage” from the magnitude 5.1 earthquake that struck La Habra on March 28. Most CEA...
Arkansas Implements Moratorium on Policy Non-Renewals, Cancellations
May 9 2014 // Due the disaster declarations in several Arkansas counties following severe storms, tornadoes and floods beginning April 27, 2014, the Arkansas Insurance Department has implemented a moratorium on cancellation/non-renewal...
Connecticut Insurance Dept. Recovers $1.6M for Policyholders, Taxpayers in Q1
May 5 2014 // Connecticut Insurance Commissioner Thomas B. Leonardi announced that the Connecticut Insurance Department recovered nearly $1.6 million for policyholders and taxpayers in the first three months of 2014. “The...
