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Oregon SAIF Declares $210M Dividend for Policyholders

Mar 10 2021 // Oregon’s nonprofit State Accident Insurance Fund Corp. (SAIF) on Wednesday declared a $210 million dividend for its policyholders and acknowledged the financial toll the pandemic has taken on Oregon...

Florida Court Upholds Policyholder Right to Assign Benefits

Jan 5 2021 // An appellate court in Florida has upheld the right of policyholders to assign their right to collect benefits from an insurance claim to contractors, reversing trial court rulings in favor of insurers. The Florida 3rd...

Liquidation Requested for Texas Nonstandard Auto Insurer, ACCC

Nov 30 2020 // An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based nonstandard auto insurer now in receivership. With the agreement of its board of directors, ACCC...

Insurers Powered by New Tech Ready to Assist Policyholders

Nov 2 2020 // This hurricane season has already broken several records, and it is not over yet. So far, 2020 has produced 23 named storms, including two using the Greek alphabet for only the second time in history. Nine named storms...

N.C. Judge First to Favor Policyholders in COVID-19 Closure Lawsuit

Nov 2 2020 // A judge in Durham County, N.C., has handed down what may be the nation’s first dispositive ruling in favor of policyholders in a COVID-19 business-interruption lawsuit. Superior Court Judge Orlando F. Hudson Jr....

Florida Property Insurance Market Inches Closer to Crisis – Part 1

Oct 29 2020 // After years of warnings that the Florida property insurance market was heading towards an availability crisis, many in the industry say the moment of reckoning has arrived. They blame unchecked claims litigation from...

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