Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
State Farm Ordered to Pay $3M in Damages to Mississippi Katrina Whistleblowers
Mar 16 2014 // A federal judge has ordered State Farm Fire and Casualty Co. to pay legal fees and damages of $3 million in a whistleblower lawsuit after a jury found the insurer defrauded the government in a policyholder claim after...
Florida’s Citizens Reaches Sinkhole Settlement
Mar 14 2014 // Florida’s state-backed property insurer said it has reached an agreement with more than 300 policyholders with sinkhole claims that officials say could save the insurer $30 million in legal fees. Citizens Property...
Senate Approves Bill to Curb Flood Insurance Hikes
Mar 13 2014 // The Senate today went along with the House of Representatives by passing a bill to reverse flood insurance reforms and curb flood insurance premium increases. The Senate approved H.R. 3370, the “Homeowner Flood...
Louisiana Workers’ Comp Declares Record Policyholder Dividend
Mar 12 2014 // Louisiana Workers’ Compensation Corporation (LWCC) has declared a 2013 dividend of $69.1 million, bringing the cumulative total dividend over the past 11 years to more than $300 million. The dividend, the...
U.S. Congresswoman: Flood Insurance Bill Bad for Michigan
Mar 5 2014 // A U.S. Congresswoman from Michigan wants her state to opt out of the National Flood Insurance Program, saying it’s not good for Michigan homeowners. U.S. Representative Candice Miller (MI-10) voted against H.R. 3370,...
House Passes Flood Insurance Bill; Key Senators Sign On
Mar 4 2014 // The U.S. House of Representatives Tuesday evening passed legislation to curb some of the premium increases in the nation’s flood insurance program that have been causing “sticker shock” for property...
Louisiana Property Policyholders Urged to File for Citizens Insurance Rebate
Feb 27 2014 // Louisiana Insurance Commissioner Jim Donelon is once again reminding property insurance policyholders that tax season is one of the easiest times to claim the Louisiana Citizens Property Insurance Assessment rebate. At a...
LIU Partners with BitSight Technologies to Provide Information Monitoring to Insureds
Feb 27 2014 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has collaborated with BitSight Technologies to provide LIU Data Insure policyholders with current ratings on their company’s information...
Administrative Changes Proposed for Texas Workers’ Compensation System
Feb 24 2014 // Adoption of NCCI Manual Would Be Effective June 1 Texas Insurance Commissioner, Julia RathgeberTexas will be privatizing many functions in its workers’ compensation system if a proposal to adopt the National Council...
Texas Likely to Become an ‘NCCI State’ for Workers’ Comp; Question Is – When?
Feb 20 2014 // Texas will be privatizing many functions in its workers’ compensation system if a staff petition to adopt the National Council on Compensation Insurance (NCCI) Basic Manual, with Texas exceptions, and the national...
How to Encourage Private Sector Flood Insurance
Feb 10 2014 // New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved. The obstacles...
Commentary: Swatch Fire Losses and Contingent Business Interruption Coverage
Jan 31 2014 // An oft-overlooked insurance coverage found in many commercial property policies called “contingent business interruption” coverage may provide insurance proceeds to companies throughout the watch industry to...
White House Balks at Flood Insurance Delay, Agent Licensing Bill
Jan 28 2014 // The Obama Administration has problems with the Senate bill that would delay flood insurance premium increases and create an agent licensing registry. The bill, S.1926, was cleared for debate on a procedural vote, 86-13,...
Online Insurance Transactions Pondered by Washington Legislature
Jan 27 2014 // Washington state legislators will consider modernizing how insurance transactions are conducted. House Bill 2662, authored by State Rep. Derek Stanford, D-Bothell, will enable policyholders to access their insurance policy...
How to Encourage Private Flood Insurance; Why Delaying Biggert-Waters Is Not the Answer
Jan 24 2014 // New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved. The obstacles...
Missouri Settles with Nationwide Insurance over Workers’ Comp Inconsistencies
Jan 17 2014 // Missouri insurance regulators announced a settlement agreement with Nationwide Agribusiness Insurance Co. and Farmland Mutual Insurance Co. following a market conduct examination into the companies’ handling of...
Florida Bill Would Restrict Insurers in Underwriting Gun Owners
Jan 17 2014 // Florida lawmakers say they want to protect policyholders’ second amendment rights to bear firearms by preventing insurers from issuing, renewing or canceling a policy based on whether the policyholder possesses a...
Argo Pro Launches EPL Insurance Hotline for Policyholders
Jan 17 2014 // Argo Pro, a member of Argo Group International Holdings, an international underwriter of specialty insurance and reinsurance products, has launched a new employment practices liability insurance hotline to support...
Congressional Spending Plan Would Curb Some Flood Insurance Hikes
Jan 15 2014 // The $1.1 trillion government funding agreement unveiled by Congressional negotiators on Monday includes language to postpone for about eight months some of the flood insurance rate hikes triggered by reforms passed in...
P/C Insurers Show Big Gain in Underwriting Profits
Jan 13 2014 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
