Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Homeowners Insurance Assessments Haunt Florida’s Citizens, Officials
Jun 17 2011 // Two weeks into a new hurricane season, Florida officials are continuing to express their concerns over possible policyholder assessments by Citizens Property Insurance despite the relative financial strength of the...
A Look at Year-End 2010 Loss and Loss Adjustment Expense Reserve Adequacy
Jun 14 2011 // Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be...
North Carolina Delays Rate Hearing on Dwelling Fire, Extended Coverage Policies
Jun 9 2011 // A public rate hearing on a proposed increase in North Carolina’s dwelling fire and extended coverage policies has been delayed until July 25. North Carolina Insurance Commissioner Wayne Goodwin announced the change...
Texas House Committee OKs Changes to Windstorm Insurance Bill
Jun 9 2011 // A Texas House of Representatives committee has approved big changes to the insurance authority that covers coastal properties for wind and hail. The House Insurance Committee passed a bill overhauling the Texas Windstorm...
Court Approves Majestic Insurance Rehabilitation Plan
Jun 6 2011 // A San Francisco Superior Court has approved California Insurance Commissioner’s rehabilitation plan for Majestic Insurance Co., a failed workers’ compensation insurance carrier. Under the plan, Majestic’s...
What’s In Florida’s Property Insurance Cost Control Bill?
Jun 6 2011 // Florida Gov. Rick Scott signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. Scott said the bill (SB 408) “strengthens...
Is $8 Billion Material? A Look at Year-End 2010 Reporting of Loss and Loss Adjustment Expense Reserve Adequacy
Jun 6 2011 // Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be...
CAMICO Reports 9% Growth in Policyholder Surplus
Jun 1 2011 // CAMICO, the nation’s largest CPA-focused program of professional and employment practices liability insurance for the accounting profession, has posted a gain of $3 million in policyholders’ surplus for the...
Texas Mutual to Distribute $155M in Policyholder Dividends
May 26 2011 // Texas Mutual Insurance Co. plans to distribute $155 million in workers’ compensation dividends in 2011. Dividends reward loyal policyholders who share Texas Mutual’s commitment to preventing workplace accidents...
Insurers Moving Quickly in Response to Violent Midwest Weather
May 24 2011 // Auto, home and business insurers have launched a broad response to the recent tornadoes that caused severe loss of life and extensive property damage in Joplin, Mo., Reading, Kan., and Minneapolis, Minn., insurance...
Florida Gov. Scott Signs Property Insurance Cost Control Bill
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. While the memory of former Governor Charles...
Florida Approves Property Insurance Reform
May 9 2011 // Homeowners’ insurers in Florida are breathing a sigh of relief after succeeding in a months-long battle to obtain property insurance reforms designed to reduce costs and stabilize the market. After watching state...
Arkansas Restricts Insurance Policy Cancellations
May 6 2011 // In the aftermath of devastating April storms, the Arkansas Insurance Department has issued a 60- day moratorium on the cancellation/non-renewal of insurance policies for the non-payment of premiums for Arkansans residing...
Damage Estimated in Billions as Insurers Work to Pay Claims
May 4 2011 // Officials, insurers and residents are starting the daunting task of assessing and cleaning up the damage from the massive storm system that hit the Southeast as the amount of insured losses is heading into the billions of...
How P/C Insurance Industry Fared Financially in 2010
Apr 20 2011 // U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus increasing to 6.5...
Allstate Agrees to Reduced Rate Hike, Policy Drops in Mississippi
Apr 13 2011 // Mississippi Insurance Commissioner Mike Chaney has agreed to let Allstate Property and Casualty Co. increase homeowner insurance rates 19.4 percent in the state. Chaney said that Allstate was threatening to drop 18,000...
State Farm Again Ordered to Refund Texas Policyholders
Apr 12 2011 // A judge in Austin, Texas, has ruled that State Farm Insurance Co. must comply with a state insurance department directive to repay policyholders in a long running dispute between the insurer and Texas insurance regulators...
Florida Homeowners Insurers Seek ‘Flex-Rating’ Up to 15%
Apr 4 2011 // Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates. The Florida Senate and Banking Insurance Committee recently approved a bill that would allow insurers to raise their rates up to...
Florida Homeowners Insurers Seek ‘Flex-Rating’ Up to 15%
Mar 24 2011 // Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates. The Florida Senate and Banking Insurance Committee recently approved a bill that would give homeowners insurers some latitude,...
Texas Lawmakers Roll Out Plans to Reform Wind Pool
Mar 21 2011 // Two lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of Representaives...
