Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Citizens Posts Net Loss of $27M for 2016; Says Water Losses, AOB Abuse to Blame
Mar 29 2017 // Citizens Property Insurance Corp. will post a net loss for 2016, its first loss in more than a decade, as water loss claims, assignment of benefit (AOB) abuse and litigation costs increasingly impact the company’s...
Pinnacol Issues $50M in Workers’ Comp Dividends to Colorado Employers
Mar 22 2017 // Colorado workers’ compensation insurer Pinnacol Assurance is distributing $50 million in dividend checks this month to its policyholders. More than 53,000 employers throughout the state — roughly 94.2 percent of...
Bank of England to Focus on Insurance Consumer Protections
Mar 20 2017 // The Bank of England will spell out more clearly what insurers should be doing to protect policyholders such as the elderly after a report called for clearer safeguards. The BoE’s Independent Evaluation Office (IEO)...
Pennsylvania Court Approves Liquidation of Two Insurance Companies
Mar 20 2017 // The Commonwealth Court in Pennsylvania has approved petitions to liquidate Penn Treaty Network America Insurance Company and American Network Insurance Company, with policyholder claims set to be paid through the state...
Texas Senate Committee Hears Testimony on Tweaked ‘Hail Litigation’ Bill
Mar 20 2017 // The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather...
Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech
Mar 17 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning of last month about the effects of assignment of...
How to Help Hospitality Firms with Business Interruption Claims
Mar 15 2017 // Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality...
Texas Mutual Launches e-Learning Tool for Policyholders
Mar 15 2017 // Workers’ compensation Texas Mutual Insurance Co. has launched a free workplace safety training tool for policyholders called e-Learning. e-Learning gives business owners access to a library of more than 200 modern,...
Author of Texas ‘Hailstorm’ Bill Says ‘Significant Changes’ Made
Mar 15 2017 // The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather...
Nodak Completes Mutual-to-Stock Insurance Company Conversion
Mar 15 2017 // Nodak Mutual Insurance Co., based in Fargo, N.D., has completed its conversion from a mutual to stock insurance company and the formation of a mutual holding company Nodak Mutual Group Inc. and an intermediate stock...
NJM Partners with American Modern to Offer Enhanced Collector Car Insurance
Mar 13 2017 // NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector car insurance policies....
Rutgers Law School Project Addresses ‘Use It And Lose It’ in Homeowners Insurance
Mar 8 2017 // A new report by the Rutgers Center for Risk and Responsibility at Rutgers Law School in Camden, N.J., in cooperation with United Policyholders, offers recommendations to state lawmakers in terms of how homeowners insurance...
Lloyd’s MGA, CFC Underwriting, Launches Cyber Incident Response App
Mar 6 2017 // CFC Underwriting, the London-based specialist lines underwriting agency, announced the launch of a new cyber incident response application. The app allows policyholders to notify a claim with a click of a button and...
Best Practices for Hospitality Business Interruption Recovery
Mar 6 2017 // Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality...
Pennsylvania Court Approves Liquidation of Two Insurance Companies
Mar 2 2017 // The Commonwealth Court in Pennsylvania has approved petitions to liquidate Penn Treaty Network America Insurance Company and American Network Insurance Company, with policyholder claims set to be paid through the state...
Q&A: MEMIC Safety Expert on Growth of Ergonomics, Workers’ Comp
Feb 28 2017 // Powered by InsuranceJournal.tv Karl Siegfried, Senior Vice President of Loss Control & Safety Services at Portland, Maine-headquartered MEMIC Group recently spoke with Insurance Journal about the safety management team...
8K Louisianans Possibly Impacted by Reinsurance Broker’s Data Breach
Feb 22 2017 // The Louisiana Department of Insurance reported that a reinsurance broker contracted by the Louisiana Health Cooperative (LAHC) has experienced a data breach. As a result, former LAHC policyholder Personally Identifiable...
Missouri Insurance Department Returned $29M to Policyholders in 2016
Feb 20 2017 // Through the efforts of the consumer affairs and market conduct divisions of the Missouri Department of Insurance, policyholders in that state received an additional $29 million from their insurance companies in 2016,...
Texas Supreme Court Sides with Policyholder in Ike-Damaged Property Case
Feb 20 2017 // When is a fence a “dwelling” structure for insurance coverage purposes and when is it an “other structure?” The Texas Supreme Court, relying on disputed language in a Liberty Mutual Insurance Co....
Heat Is on Florida Lawmakers to Fix Assignment of Benefits Crisis
Feb 15 2017 // Florida’s insurance industry will apply significant pressure on lawmakers to pass assignments of benefit (AOB) reform in the upcoming legislative session as consumers face rate increases and a looming coverage...
