Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Viewpoint: What’s Fair When It Comes to Paying Insurance Claims?
May 28 2020 // The ongoing COVID-19 pandemic has tragically resulted in the deaths of 100,000 Americans, changed our day-to-day lives, hampered our economy, and forced us to reexamine how we live. As the country moves to reopening, after...
Wisconsin Commissioner Seeks Rehabilitation for Time Insurance Co.
May 19 2020 // Wisconsin Insurance Commissioner Mark Afable has filed a petition and proposed court order that would allow the Wisconsin Office of the Commissioner of Insurance (OCI) to place Time Insurance Co. in rehabilitation. Time...
California Expands Order for Insurers to Partially Refund Premiums
May 15 2020 // California Insurance Commissioner Ricardo Lara today issued a bulletin extending his previous order requiring insurance companies to return partial insurance premiums to consumers and businesses amid the ongoing COVID-19...
Florida’s Capitol Preferred to Shed Nearly 24K Policies; Regulator to Monitor Operations
May 15 2020 // Capitol Preferred Insurance Co., one of the top writers of homeowners insurance in Florida, has received approval from the state’s insurance regulator to shed 23,800 policies just weeks before the start of hurricane...
New Jersey Insurance Companies Directed to Provide Premium Reductions
May 14 2020 // The New Jersey Department of Banking and Insurance has directed insurance companies in the state to provide premium reductions to consumers and businesses during the COVID-19 emergency, citing reduced risk of loss due to...
Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
Pinnacol Donates $1.8M to COVID-19 Funds for Colorado Businesses, Workers
May 1 2020 // Pinnacol Assurance donated nearly $2 million to an array of funds that support businesses and workers in Colorado impacted by the COVID-19 pandemic. Through its philanthropic giving program, Pinnacol donated the following...
Insurtech Demo Day 2020
Apr 29 2020 // Just a week shy of our Virtual Insurtech Summit, to air Wednesday, May 6th, I attended the virtual Demo Day of the Hartford Insurtech Hub on Tuesday, April 28th. As the host for our upcoming Summit, I’ve spent time...
North Carolina Extends Emergency Order for Insurers to Defer Premium Payments
Apr 29 2020 // North Carolina Insurance Commissioner Mike Causey has extended an order issued last month to the insurance industry requesting that insurers defer policyholder payments for an additional 30 days, beginning April 27. The...
The Concord Group Announces Plan to Return $2.4M to Policyholders During Pandemic
Apr 24 2020 // The Concord Group Insurance Companies has announced a plan to deliver $2,400,000 in return premium and expand several underwriting guidelines and coverage limits to its more than 150,000 policyholders throughout the four...
Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
Apr 24 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
State Auto, Rural Mutual Unveil Auto Insurance Policyholder Relief Plans
Apr 23 2020 // Columbus, Ohio-based State Auto Insurance Companies (State Auto) and Rural Mutual Insurance Co., headquartered in Madison, Wis., have announced plans to offer auto insurance policyholders with premium relief as a result of...
North Carolina Farm Bureau Insurance to Give Insureds 20% Dividend on Auto Premiums
Apr 22 2020 // North Carolina Farm Bureau Insurance will provide a 20% dividend payment to its automobile policyholders for April and May 2020 in light of the COVID-19 pandemic. The company announced the “Here for You...
More Midwest Insurers Offering Auto Premium Relief to Insureds
Apr 20 2020 // More Midwest-based insurers are offering premium payment relief to their auto insurance customers as a result of the COVID-19 health crisis. Branch Insurance, Grange Insurance, Indiana Farm Bureau Insurance, Ohio Mutual...
Texas Windstorm Insurer Implements Accommodations for Policyholders
Apr 20 2020 // Texas’ property insurer of last resort for wind and hail in counties along the state’s coastline is temporarily reducing the amount of premium due in order to issue a policy and providing 75 days to pay the...
Texas Mutual to Distribute $330M in Policyholder Dividends Early
Apr 20 2020 // Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends to be paid out two months earlier than scheduled. The company said it has historically paid dividends...
California Supreme Court Ruling Will Enable Montrose to Tap Excess Policies
Apr 20 2020 // A decision earlier this month by the California Supreme Court gave policyholders with long-tail environmental claims a potentially big win, finding that polices within each policy period can be vertically stacked. The...
New York’s NYCM Insurance Announces Credit to Auto Policyholders
Apr 17 2020 // NYCM Insurance will be issuing a credit to its approximately 230,000 auto policyholders. All auto policyholders as of April 30, 2020, will receive a 15% credit back from their April and May premiums. Customers will not...
Texas Urges Insurers to Work with Commercial Customers on Premium Adjustments
Apr 15 2020 // The Texas Department of Insurance has issued a bulletin to insurers to urging them to work with commercial policyholders that have premiums based on payroll, sales, or a similar auditable exposure. TDI requests that...
MAPFRE Launches Staying Home Refund for Policyholders During Pandemic
Apr 15 2020 // MAPFRE Insurance has announced its Staying Home Refund program, which will return 15 percent of April and May premium to its voluntary personal auto policyholders in Massachusetts, totaling more than $30 million. On...
