nonrenewals News

Agents, Insureds Said Surprised by Nationwide’s 10,000 Nonrenewals in NC

In February, Nationwide Mutual Insurance filed notice with the North Carolina Department of Insurance that it would non-renew some 10,525 homeowner policies in the state due in large part to the growing risk from climate change and hurricanes. The move …

Allstate’s Castle Key Plans to Drop 33,000 Condo Policies in Florida

At least one of Allstate Insurance group’s Florida subsidiaries plans to non-renew 33,000 Florida condominium policies, starting in June. In a notice sent to Florida agents this month, Allstate said its Castle Key subsidiary had sent a letter Jan. 11 …

Oklahoma Commissioner Advises Insurers to Delay Nonrenewals

Insurance Commissioner John D. Doak has issued a bulletin to all Oklahoma-licensed property and casualty insurers and insurance producers, advising them to keep customers on their current policies for at least 60 days after the completion of repairs. The move …

Texas Attorney General Takes on State Farm Non-Renewal Plans

Texas Attorney General Greg Abbott is taking issue with one of the nation’s largest homeowners insurer’s plan to non-renew thousands of policies for properties along the Gulf Coast. Abbott said his office is conducting an investigation into State Farm Insurance …

Home Insurer Dropping 73,000 Policies in Alabama

Alabama’s second largest insurer of homes, Alfa Insurance, announced plans Friday to not renew policies on one out of every six homes it insures in Alabama. The company said it will send notices involving about 73,000 homes when they come …

Hudgens Directs Insurers to Exercise ‘Leniency’ After Georgia Storms

Georgia Insurance Commissioner Ralph Hudgens has issued an order directing insurers to exercise leniency in dealing with individuals and businesses that may have trouble paying premiums due the winter storms that swept through the state earlier this month. Georgia experienced …