Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Insurance Dept: Required Premium Relief Has Saved California Drivers $1.2B
Jun 30 2020 // California automobile insurance companies have agreed to provide $1.21 billion in savings to drivers, the state insurance department says. Insurance Commissioner Ricardo Lara in May issued an order requiring insurers to...
MEMIC to Distribute Early $17M Dividend for Eligible Maine Policyholders
Jun 18 2020 // In recognition of economic stress being experienced by many of its 18,000 Maine workers’ compensation insurance policyholders, Portland, Maine-based MEMIC’s board of directors has authorized the immediate...
Hiscox Action Group Launches £40M Arbitration Claim for COVID Biz Interruption Dispute
Jun 15 2020 // The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business interruption insurance totaling £40 million ($50 million). The action group, composed...
Massachusetts’ Safety Insurance Extends Personal Auto Relief Credit
Jun 12 2020 // Safety Insurance has extended its Personal Auto Relief Credit through June 30 to reflect changing consumer patterns and needs during the ongoing COVID-19 pandemic, according to a company press release. The original credit...
Michigan’s AmeriTrust Group Extends Policyholder Relief Programs to Sept. 1
Jun 4 2020 // AmeriTrust Group Inc., based in Southfield, Michigan, has extended both its program to guarantee renewals of all admitted general business policies and its Economic Relief Payment Plan until Sept. 1, 2020. The company said...
SAIF in Oregon Declares $100 Million Dividend for Policyholders
Jun 3 2020 // SAIF, Oregon’s state chartered workers’ compensation insurer, has declared a $100 million dividend for policyholders. Kerry Barnett, president and CEO of SAIF, remarked that the dividend comes at a difficult...
Viewpoint: What’s Fair When It Comes to Paying Insurance Claims?
May 28 2020 // The ongoing COVID-19 pandemic has tragically resulted in the deaths of 100,000 Americans, changed our day-to-day lives, hampered our economy, and forced us to reexamine how we live. As the country moves to reopening, after...
Wisconsin Commissioner Seeks Rehabilitation for Time Insurance Co.
May 19 2020 // Wisconsin Insurance Commissioner Mark Afable has filed a petition and proposed court order that would allow the Wisconsin Office of the Commissioner of Insurance (OCI) to place Time Insurance Co. in rehabilitation. Time...
California Expands Order for Insurers to Partially Refund Premiums
May 15 2020 // California Insurance Commissioner Ricardo Lara today issued a bulletin extending his previous order requiring insurance companies to return partial insurance premiums to consumers and businesses amid the ongoing COVID-19...
Florida’s Capitol Preferred to Shed Nearly 24K Policies; Regulator to Monitor Operations
May 15 2020 // 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...
New Jersey Insurance Companies Directed to Provide Premium Reductions
May 14 2020 // The New Jersey Department of Banking and Insurance has directed insurance companies in the state to provide premium reductions to consumers and businesses during the COVID-19 emergency, citing reduced risk of loss due to...
Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
Pinnacol Donates $1.8M to COVID-19 Funds for Colorado Businesses, Workers
May 1 2020 // Pinnacol Assurance donated nearly $2 million to an array of funds that support businesses and workers in Colorado impacted by the COVID-19 pandemic. Through its philanthropic giving program, Pinnacol donated the following...
Insurtech Demo Day 2020
Apr 29 2020 // Just a week shy of our Virtual Insurtech Summit, to air Wednesday, May 6th, I attended the virtual Demo Day of the Hartford Insurtech Hub on Tuesday, April 28th. As the host for our upcoming Summit, I’ve spent time...
North Carolina Extends Emergency Order for Insurers to Defer Premium Payments
Apr 29 2020 // North Carolina Insurance Commissioner Mike Causey has extended an order issued last month to the insurance industry requesting that insurers defer policyholder payments for an additional 30 days, beginning April 27. The...
The Concord Group Announces Plan to Return $2.4M to Policyholders During Pandemic
Apr 24 2020 // The Concord Group Insurance Companies has announced a plan to deliver $2,400,000 in return premium and expand several underwriting guidelines and coverage limits to its more than 150,000 policyholders throughout the four...
Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
Apr 24 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
State Auto, Rural Mutual Unveil Auto Insurance Policyholder Relief Plans
Apr 23 2020 // Columbus, Ohio-based State Auto Insurance Companies (State Auto) and Rural Mutual Insurance Co., headquartered in Madison, Wis., have announced plans to offer auto insurance policyholders with premium relief as a result of...
North Carolina Farm Bureau Insurance to Give Insureds 20% Dividend on Auto Premiums
Apr 22 2020 // North Carolina Farm Bureau Insurance will provide a 20% dividend payment to its automobile policyholders for April and May 2020 in light of the COVID-19 pandemic. The company announced the “Here for You...
More Midwest Insurers Offering Auto Premium Relief to Insureds
Apr 20 2020 // More Midwest-based insurers are offering premium payment relief to their auto insurance customers as a result of the COVID-19 health crisis. Branch Insurance, Grange Insurance, Indiana Farm Bureau Insurance, Ohio Mutual...
