Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Policyholder Dividend Approved for Louisiana’s LAMMICO
Dec 23 2014 // Louisiana-based medical professional liability insurer, LAMMICO, announced that its board of directors’ Dec. 10 declaration of a dividend has been approved by the Louisiana Department of Insurance. This marks the...
Lawmakers: Sandy Flood Insurance Concerns Will Be Addressed
Dec 15 2014 // Federal emergency officials are taking new steps to address concerns from homeowners still struggling to rebuild after Superstorm Sandy more than two years ago, New Jersey and New York lawmakers announced on Dec. 5. U.S....
Citizens’ Takeout Program Undergoing Changes; Says Assessments Unlikely
Dec 11 2014 // Faced with a rising number of consumer complaints, Florida’s state-backed property insurer has announced a series of changes to its takeout program. The news comes as the insurer said it is highly unlikely to need...
Juror Witnesses Firsthand What the Hail Is Going on in Texas
Dec 8 2014 // Alejandro Stolarski is a United States citizen who emigrated from Mexico. Stolarski resides in Dallas County. Like hundreds of other Dallas County residents each week, Stolarski received a notice in the mail for jury duty....
Travelers Unit Sued Over Allegedly Manipulated Sandy Report
Dec 7 2014 // A Travelers Cos. unit was sued by two New York homeowners who accused it of using a doctored engineering report to reject much of their claim for flood damage from Hurricane Sandy, making it the third insurer to face such...
Lawmakers: Sandy Flood Insurance Concerns Will Be Addressed
Dec 6 2014 // Federal emergency officials are taking new steps to address concerns from homeowners still struggling to rebuild after Superstorm Sandy more than two years ago, New Jersey and New York lawmakers announced on Friday, Dec....
Deadline Looms for Louisiana Citizens Property Insurance Rebate
Dec 5 2014 // The Louisiana Department of Insurance is reminding property insurance policyholders about the upcoming deadline to claim a Citizens Property Insurance Corp. (Citizens) assessment rebate on their policies. Commissioner of...
Hartford Unit Faces Racketeering Suit on Sandy Claims
Dec 4 2014 // A couple claiming damage from Hurricane Sandy filed court papers accusing a Hartford Financial Services Group Inc. unit, an engineering firm and a law firm for the insurer of engaging in racketeering by scheming to use...
Update: Hartford Unit Accused of Using Fudged Hurricane Sandy Report
Dec 3 2014 // A Hartford Financial Services Group Inc. unit was accused by a lawyer representing Hurricane Sandy victims of using a falsified damage report to dodge paying homeowner claims, the second insurer blamed in the last month...
Texas Windstorm Insurer Launches Depopulation Portal
Dec 1 2014 // The Texas Windstorm Insurance Association (TWIA) has initiated a process whereby interested insurance companies may access information on TWIA insured properties in an effort to move policies to private insurers. The...
Texas Wind Insurer Launches Depopulation Portal
Nov 24 2014 // The Texas Windstorm Insurance Association (TWIA) has initiated a process whereby interested insurance companies may access information on TWIA insured properties in an effort to move policies to private insurers. The...
Maryland Says Insurers Can’t Use ‘Price Optimization’
Nov 17 2014 // The Maryland Insurance Administration (MIA) issued a bulletin alerting insurers that the use of “price optimization” in Maryland is in violation of §27-212(e)(1) of the state’s Insurance Article. MIA...
Maryland Insurers Using ‘Price Optimization’ Ordered to File Corrective Action Plan
Nov 3 2014 // The Maryland Insurance Administration (MIA) issued a bulletin alerting insurers that the use of “price optimization” in Maryland is in violation of §27-212(e)(1) of the state’s Insurance Article. MIA...
California Malpractice Proposition Hit by Polls, Studies, Spending
Oct 29 2014 // Two recent studies say a proposition on California’s November ballot to raise the pain and suffering cap for medical malpractice lawsuits will increase medical costs and malpractice premiums. The studies and heavy...
P/C Insurers’ Net Income Rose, Operating Income Fell in First Half
Oct 6 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
NYIA: Many Renters Lack Renters Insurance Despite Premium Decreases
Oct 6 2014 // The New York Insurance Association (NYIA) says the percentage of renters buying renters insurance has been falling nationally in recent years even as premiums become more affordable. According to a 2014 Insurance...
Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros
Oct 6 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. An Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of homeowners...
Plenty of Questions Remain About Citizens Clearinghouse
Oct 6 2014 // Florida’s state-backed property insurer has begun submitting renewal policies through its online clearinghouse to private carriers, but agents believe the process still needs refinement. Citizens Property Insurance...
Swiss Re’s Property and Specialty Head on New and Diverse Risks
Sep 26 2014 // Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot of ground. He explained how much, and what some of the difficulties he encounters are...
Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud
Sep 18 2014 // The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in premiums his clients...
