Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten
Dec 20 2019 // Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite potential headwinds that may come from Florida domestic carriers...
Florida Auto Insurer Windhaven Placed Into Rehabilitation
Dec 17 2019 // The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer Windhaven Insurance Co. (WIC), based in Miami, has been placed into rehabilitation by a...
FAIR Plan Asks Court to Stop California Insurance Commissioner’s Order
Dec 13 2019 // Note: This is been updated with a statement from Lara’s office. The FAIR Plan today filed a petition for a writ of mandate seeking to have a court annul, vacate, or withdraw an order issued last month by the...
3 Policyholders Receive Safety First Grants from Missouri’s Safety National
Dec 9 2019 // St. Louis, Missouri-based Safety National, through its annual Safety First Grant Program, has awarded three policyholders for their creative risk control solutions. The first-place grant, in the amount of $10,000, was...
Some Changes to California’s FAIR Plan Could Go into Effect Early Next Year
Dec 2 2019 // Note: This has been updated with FAIR Plan comments below. Changes to the insurance plan offered by California’s property insurer of last resort could possibly go into effect as early as the next few months – that...
Texas Mutual Distributes $3.5M in Early Qualifier Dividends
Dec 2 2019 // Texas Mutual Insurance Co. recently paid $3.5 million in early qualifier dividends to approximately 3,200 newer policyholder owners across the state. This payout is the final component of the company’s $330 million...
Florida’s New Consumer Advocate Tackles Open Hurricane Michael Claims
Nov 19 2019 // Florida’s new Insurance Consumer Advocate Tasha Carter has been busy since taking office August 1. With more than 12,000 Hurricane Michael claims still open, according to the Florida Office of Insurance Regulation,...
TWIA Struggles with Rate Making as Policyholders, Lawmakers Object to Higher Costs
Nov 18 2019 // Texas’ property insurer of last resort for wind and hail in counties along the Gulf Coast is finding itself once again between a rock and a hard place — or perhaps more appropriately, between a hurricane and a...
As Texas Windstorm Insurer Mulls Rates, Policyholders, Lawmakers Strongly Oppose Hikes
Nov 15 2019 // Texas’ property insurer of last resort for wind and hail in counties along the Gulf Coast is finding itself once again between a rock and a hard place — or perhaps more appropriately, between a hurricane and a...
Court Orders California Insurance Company Conserved in Another Round in Applied Battle
Nov 5 2019 // Note: This story has been updated with a response from an Applied spokesman describing the actions by the California Department of Insurance as “an unusual Draconian attempt.” A San Mateo County Superior Court...
Washington Insurance Commissioner Issued Numerous Fines, Disciplinary Actions
Nov 1 2019 // Washington Insurance Commissioner Mike Kreidler took disciplinary action in July, August and September against insurance companies, agents and brokers for violating state insurance regulations. A summary of cases of...
Blackstone’s Lombard Could Face Legal Issue with $1B-Plus of Unsigned Policies
Oct 28 2019 // For nearly a decade, Lombard International sat on a secret. It began to unravel in May 2016 when a wealthy German walked into a Luxembourg bank. The man wanted a loan. For collateral, he offered a future payout from a...
Florida Specialty CEO Disputes State Regulator’s Claims, Says Insurer Not Insolvent
Oct 24 2019 // The head of recently shuttered Florida Specialty Insurance Co. says that claims by Florida’s insurance regulator that the company is insolvent are untrue. The company’s CEO, Susan Patschak, argues...
How TRIA Would Handle Another 9/11: I.I.I.
Oct 21 2019 // The Insurance Information Institute’s new white paper, “A World Without TRIA: Incalculable Risk,” shows how the market for terrorism insurance has evolved since the 2001 terrorist attacks — from the...
Arthur J. Gallagher & Co. Acquires Florida-Based Direct To PolicyHolder (DTPH)
Oct 15 2019 // Arthur J. Gallagher & Co. has acquired Ponte Vedra Beach, Florida-based The Doyle Group, Inc. and its affiliates, collectively doing business as Direct To PolicyHolder (DTPH). Terms of the transaction were not...
How TRIA Would Handle Another 9/11: I.I.I.
Oct 11 2019 // The Insurance Information Institute’s new white paper, “A World Without TRIA: Incalculable Risk,” shows how the market for terrorism insurance has evolved since the 2001 terrorist attacks – from the...
Louisiana Workers’ Comp Corp. to Return $136M to Policyholders in October
Oct 8 2019 // Louisiana’s largest workers’ compensation insurance carrier, Louisiana Workers Compensation Corporation (LWCC), is issuing $136 million in dividend checks to policyholders during October. LWCC is a single...
State Finds Florida Specialty Insurance Insolvent; 90K Homeowners Lose Coverage
Oct 7 2019 // Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable to establish a viable...
Texas Mutual Commits $5M to Help Tropical Storm Imelda-Impacted Policyholders
Oct 2 2019 // Austin-based workers’ compensation carrier, Texas Mutual Insurance Co., is offering a grant of $5 million for policyholders affected by Tropical Storm Imelda. The grant is intended to support the recovery of business...
Agency Vows Lower Cyber Insurance Deductible for Multi-factor Verification
Sep 17 2019 // Coalition, a cyber insurance agency for small and midsize businesses, has launched an incentive program to reward policyholders who implement multi-factor authentication (MFA, also commonly known as 2FA) on their business...
