Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Private Insurers in Line to Take 150,000 Policies from Florida’s Citizens
Sep 7 2012 // Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens Property Insurance Corp., which would contribute to the greatest shift of policies to the...
Emergency Insurance Rule for Policyholders in Effect in Louisiana
Sep 6 2012 // Louisiana Insurance Commissioner Jim Donelon has issued an emergency rule which allows greater protection and flexibility for policyholders impacted by Hurricane Isaac. The emergency rule is similar in scope to the rules...
California Brokers, Agents React to State Fund New Deal
Sep 5 2012 // Reaction to a decision by State Compensation Insurance Fund to restructure its broker distribution model has ranged from guardedly optimistic to visceral the day following the announcment. Under the new deal announced on...
Florida’s Citizens Promises Changes to Mitigation Savings Program
Aug 20 2012 // Responding to criticism over its home inspection program, officials of Florida’s policyholder-backed insurer said they will no longer immediately raise the premiums for property owners who dispute the inspection...
Texas Policyholders Revolting; Forming New Wind Mutual
Aug 20 2012 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 20, 2012. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Florida Regulators Question Castle Key Rate Increases
Aug 14 2012 // Florida regulators are questioning the increases sought by two property insurers that could raise rates on some homeowners by more than 40 percent, even as they reduce their number of policies. Castle Key Insurance Co., is...
Tennessee Spells Out Qualifications for Exempt Commercial Risk Policyholders
Aug 6 2012 // Tennessee regulators have issued a new form to allow large companies to qualify as an exempt commercial risk policyholder and purchase insurance that is not regulated by the state. As of July 1, a new section was added to...
Amerisure Turns 100
Aug 6 2012 // Tightened Focus, Leaner Agency Force Leads Insurer into its Next Century Evaluate, evolve, sharpen focus, create value. That’s how a group of executives at one Midwest-based property/casualty insurance company...
Illinois’ Millers First Insurance Co. Agrees to Rehabilitation
Aug 2 2012 // Illinois insurance regulators reported that Millers First Insurance Co. (Millers First) has agreed to be placed into rehabilitation. While the Alton, Ill.-based company is in rehabilitation, Illinois Department of...
Citizens Says No to Higher Rates on New Business; Approves 8.9 Percent Rate Hike
Jul 31 2012 // Officials of Florida’s state policyholders-backed insurer turned away from several controversial plans that would have raised rates on new policies above current policyholder rates and implemented a cap on water...
Private Companies Offer Plans to Depopulate Florida’s Citizens
Jul 27 2012 // Private companies and investors say they are willing to remove thousands of policyholders from Florida’s state- backed homeowners market if they can get officials to give them millions of dollars in loans. At a...
Florida Regulators Question State Farm’s 57% Rate Hike for Landlords
Jul 26 2012 // Florida regulators are expressing concern over a State Farm Florida proposed statewide average 57.3 percent rate hike in insurance rates for landlords that will result in higher premiums while the insurer continues not to...
Connecticut Insurance Regulators Recovered $2.4M for Consumers in Q2
Jul 19 2012 // Connecticut Insurance Commissioner Thomas Leonardi announced Thursday that the insurance department recovered $2.4 million for policyholders and state taxpayers in the second quarter. Leonardi said the department’s...
Florida Citizens’ Chief Sets 500K Policy Depopulation Target
Jul 17 2012 // Maintaining there is no disagreement on the objectives of Florida’s state-backed property insurer, Citizens Property and Insurance Corp. President Barry Gilway says he hopes the insurer will reduce its policyholder...
Florida’s Citizens to Weigh Rate Hikes Today
Jul 16 2012 // The new president of the state-backed Citizens Property Insurance Corp. meets with the insurer’s governing board for the first time, looking for consensus on finalizing the insurer’s rate request for next...
Florida Adjusters Win Free Speech Case Against 48-Hour Solicitation Rule
Jul 9 2012 // A 2008 Florida law establishing a 48-hour moratorium on public adjusters has been ruled unconstitutional by the Florida Supreme Court on grounds that it restricts commercial speech. The decision was a blow to the insurance...
Helping Policyholders Understand Auto Glass Repair Or Replacement Options
Jul 2 2012 // Did you know that the most frequent of vehicle claims is glass damage at the rate of 7.5 million per year, and 80 percent of those are windshield damage versus side or back glass? When a policyholder experiences windshield...
State Farm Seeks 14.9% Jump in Florida Property Insurance Rates
Jun 28 2012 // Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to shore-up its fiscal condition while revamping the deductibles and discounts it...
P/C Insurers Profits Rose to $10.1B in Q1
Jun 27 2012 // Private U.S. property/casualty insurers’ net income after taxes rose to $10.1 billion in first-quarter 2012 from $7.8 billion in first-quarter 2011, with insurers’ overall profitability as measured by their...
Deductible Reminder
Jun 18 2012 // Eighteen coastal states permit insurers to use hurricane deductibles in their homeowners policies. But the Insurance Information Institute is concerned insureds may not see them even though they are clearly listed on their...
