policy cancellation News

State High Court Nixes Policy Cancellation Over ‘Ambiguous’ Communications

An insurer failed to properly cancel a workers’ compensation policy because its multiple notices and other conduct were not “definite, certain, and unambiguous” as to the status of the coverage. As a result, Ace America Insurance Co. is obligated to …

Court, Not Board, Must Decide If Insurer Was Negligent After Canceling Policy

Claims that a workers’ compensation insurer acted with negligence after it canceled a policy are for a court, not the state’s workers’ compensation board, to decide, the Connecticut Appellate Court has ruled. Liberty Mutual Insurance Co. had succeeded before both …

New York Enacts Law Protecting Hate Crime Victims in Insurance Dealings

New York Governor Kathy Hochul has signed legislation (S.7658-B/A.8869-B) to protect individuals and organizations that are victims of hate crimes from unfair insurance practices. The new law prohibits insurers from canceling an insurance policy, raising premiums, refusing to issue a …

Missouri Insurance Regulators Recover More Than $9M by Q3 2016

The Missouri Department of Insurance recovered over $9 million for consumers who filed complaints against their insurance companies during the first nine months of 2016. In the first three quarters of 2016, the Consumer Affairs Division received 3,182 formal complaints. …

Mass. AG Says FAIR Plan to Pay $350K for Wrongly Cancelling Policies

The Massachusetts Property Insurance Underwriting Association (FAIR Plan) has agreed to pay $350,000 to resolve allegations that it wrongly cancelled homeowners insurance policies over a four-year period, according to Attorney General Maura Healey. According to court documents, the residual market …