Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Zurich American to Refund $4.56M to Disability Policyholders in New York
Apr 23 2013 // New York Gov. Andrew Cuomo announced that Zurich American Insurance Company has agreed to refund $4.56 million to policyholders of its New York statutory disability insurance policies because the insurer failed to spend at...
Travelers Settles with Louisiana Policyholders over Katrina/Rita Damage
Apr 9 2013 // Travelers Insurance announced it has reached a settlement with policyholders in Louisiana over property damage caused by Hurricanes Katrina and Rita. The Hurricane Katrina-Travelers Settlement Administrator said the...
Horace Mann Pays $8,993 in Restitution to Vermont Policyholders
Apr 2 2013 // Vermont’s Department of Financial Regulation announced on March 27 that Horace Mann Insurance Co. and Horace Mann Property and Casualty Insurance Co. has paid $8,993 in restitution to Vermont customers whose auto...
Flood Insurance Policyholders Told to Expect Big Premium Hikes
Mar 28 2013 // The head of the Federal Emergency Management Agency said people who buy federal flood insurance need to plan for big rate hikes. FEMA director Craig Fugate said some people now paying hundreds of dollars a year could wind...
FIGA Reforms Should Increase Flexibility, Not Eliminate It
Mar 25 2013 // When it comes to property insurance reform in Florida, everyone is basically focused on proposals that deal with the Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corp. and the (over) regulation of...
Receivership Proposed for Texas’ Insurer of Last Resort
Mar 25 2013 // In a meeting on March 25, the board of directors of Texas’ insurer of last resort in coastal areas is expected to discuss the organization’s dire financial condition and the possibility of placing the...
Building Updates: Aging Plumbing Systems
Mar 25 2013 // The Agent’s Role as Advisor and Risk Manager Editor’s note: This is the second of a three-part series to explain insurers’ requirements for building updates and to help agents advise clients on mitigating...
Louisiana Citizens Insurance Board Approves Borrowing $100M
Mar 18 2013 // Louisiana Citizens Property Insurance Corp.’s board has voted to borrow $100 million through bonds to cover a $70 million shortfall – in direct defiance of the wishes Gov. Bobby Jindal’s...
40 Years Later, North Carolina Policyholder Admits False Claim
Mar 18 2013 // Lingering guilt may have been what moved someone who filed an insurance claim 40 years ago to come clean with a Gastonia, North Carolina insurance agency. The Gaston Gazette reported that whoever took a $280 claim check in...
Insurers Split Over Proposed Changes to Florida Guaranty Fund
Mar 11 2013 // Florida lawmakers are weighing a bill that would alter the funding mechanism for the state fund that pays the claims of insolvent property insurers, a change that does not have the uniform support of the insurance...
Insurers Split Over Proposed Changes to Florida Guaranty Fund
Feb 28 2013 // Florida lawmakers have kept alive a bill that would alter the method of funding the state fund that pays the claims of insolvent property insurers even though the change could increase costs and does not have the uniform...
ISO Revises ‘Bring Your Own Alcohol’ Establishment Exclusion
Feb 27 2013 // ISO has enhanced its commercial general liability (CGL) insurance program to address exposures for establishments that allow their patrons to bring and consume alcoholic beverages on their premises (commonly referred to as...
Louisiana Workers’ Comp Corp. Policyholder Dividend Largest-Ever
Feb 27 2013 // Louisiana Workers’ Compensation Corp. (LWCC) has declared a 2012 dividend of $48.7 million, the company’s largest dividend ever. It will be paid to qualifying policyholders in March and April, bringing...
Building Updates: Aging Electrical Systems
Feb 25 2013 // The Agent’s Role as Advisor and Risk Manager Editor’s note: This is the first of a three-part series to explain insurers’ requirements for building updates and to help agents advise clients on mitigating...
Louisiana Property Owners Urged to Claim Citizens Assessment Rebate
Feb 21 2013 // Nearly two-thirds of Louisiana Citizens Property Insurance Corp. (Citizens) rebates that are available to policyholders are unclaimed, according to state Insurance Commissioner Jim Donelon. Donelon and Department of...
Insurer to Take 31,000 Commercial Wind Policies from Florida’s Citizens
Feb 14 2013 // Florida’s state-backed property insurer has approved a plan to shift 31,000 commercial wind-only policies to a new private insurer. The board of Citizens Property Insurance Corp. approved the plan earlier this week....
Florida Lawmakers Unveil Property Reform Proposals
Feb 11 2013 // Florida lawmakers’ first draft of a property reform emphasizes depopulating and diverting policies from Citizens Property Insurance Corp., the state-backed property insurer that has 1.3 million policyholders. The...
Policyholder Education: Agent or Carrier Responsibility?
Feb 7 2013 // Policyholder education about insurance coverage wording is a critical challenge for the property/casualty insurance industry. But who should be doing the teaching — agents or carriers? During a recent industry meeting, a...
MMIC to Acquire Utah Medical Insurance Association
Feb 5 2013 // MMIC, a large Midwest medical professional liability firm, has entered into an agreement to acquire Utah Medical Insurance Association, a provider of medical professional liability insurance for physicians in Utah,...
Connecticut Regulators Recovered $8.7M for Policyholders, Taxpayers in 2012
Feb 4 2013 // Connecticut Insurance Commissioner Thomas Leonardi announced last week that the Connecticut Insurance Department recovered approximately $8.7 million for policyholders and state taxpayers in 2012. The department’s...
