policy cancellations News

Florida’s Capitol Preferred to Shed Nearly 24K Policies; Regulator to Monitor Operations

Capitol Preferred Insurance Co., one of the top writers of homeowners insurance in Florida, has received approval from the state’s insurance regulator to shed 23,800 policies just weeks before the start of hurricane season. In a May 12 consent order, …

When P/C Insurance Carriers Can Cancel: Mid-term Cancellation Provisions by State

Even after the underwriting period has ended, insurance carriers have the opportunity to cancel a property/casualty insurance policy prior to the renewal. However, the reasons insurance carriers are allowed to use to effectuate these mid-term cancellations are often strictly limited …

North Dakota Insurance Dept. Seeks Policy Cancellation Info

The North Dakota Insurance Department wants health insurance companies to disclose the number of people whose policies will be canceled under President Barack Obama’s health care law. Individual health insurance policies are being canceled for millions of people nationwide who …

Farm Bureau Dropping 3,000 South Carolina Homeowner Policies

Farm Bureau Insurance said it is dropping about 3,000 South Carolina home insurance customers after paying out millions in storm-related claims last year. The Post and Courier of Charleston reported that property owners in 17 coastal and Pee Dee counties …