Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
20 Things to Know About Surplus Lines Insurance in 2020
Feb 10 2020 // As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a...
How Parametric Insurance Can Help Fill the Gap Where Traditional Insurance Falls Short
Jan 27 2020 // Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate insurance. Parametric insurance solutions offer a means to guarantee direct payout...
New Year’s Resolution: Helping Policyholders Get in Shape for the New Year
Jan 27 2020 // As individuals, one way that we resolve to get in shape for the new year is by signing up for gym memberships and fitness classes. In that spirit, agents and brokers should resolve to help their policyholders get their...
Policy Changes Now in Effect at Texas Windstorm Insurer
Jan 27 2020 // The new year brought some changes to residential and commercial policies provided by Texas’ insurer of last resort for wind and hail along the coast. New coverages, terms and conditions now apply to Texas Windstorm...
Industry Calls On Florida Lawmakers to Reform Lawsuit Abuse
Jan 27 2020 // Florida lawmakers are considering a number of insurance-focused issues over the course of the 60-day 2020 Legislative Session that started Jan. 14. At the top of the list for industry and consumer advocates are reforms to...
Florida Legislative Preview 2020: Industry Calls On Lawmakers to Reform Lawsuit Abuse
Jan 16 2020 // The Florida Legislature started its 2020 legislative session this week and lawmakers are set to consider a number of insurance-focused issues over the course of the 60-day period. At the top of the list for industry and...
More Than a Dozen Florida Insurers Facing Ratings Downgrades
Jan 9 2020 // The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that several carriers will receive downgrades due to deteriorating conditions in the...
New Policy Contracts Now in Effect at Texas Windstorm Insurer
Jan 8 2020 // Texas’ insurer of last resort for wind and hail along the coast says new terms and conditions for policies with an effective date on or after January 1, 2020, are now in place. The updated coverages, terms, and...
Saxe Doernberger & Vita Promotes Barrese to Partner in New Jersey
Jan 8 2020 // Saxe Doernberger & Vita, P.C. (SDV) has promoted Bethany L. Barrese to partner, effective January 1, 2020. Barrese’s practice focuses on complex policyholder coverage issues. She has experience handling coverage...
Rehabilitation of Florida Insurer Windhaven Deemed ‘Useless’; Judge Orders Liquidation
Jan 7 2020 // Plans to rehabilitate Florida auto insurer Windhaven Insurance Co. have been deemed “useless” and the company will instead be liquidated. In a Jan. 6 order, Leon County Court Judge Ronald W. Flury said the...
Insurance Journal’s Top 10 West Region Stories of 2019
Jan 2 2020 // California wildfires dominated the news in Insurance Journal’s Western region in 2019, despite it being a quiet year relative to two consecutive years of deadly blazes that came before. Three of the year’s top...
Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten
Dec 20 2019 // Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite potential headwinds that may come from Florida domestic carriers...
Florida Auto Insurer Windhaven Placed Into Rehabilitation
Dec 17 2019 // The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer Windhaven Insurance Co. (WIC), based in Miami, has been placed into rehabilitation by a...
FAIR Plan Asks Court to Stop California Insurance Commissioner’s Order
Dec 13 2019 // Note: This is been updated with a statement from Lara’s office. The FAIR Plan today filed a petition for a writ of mandate seeking to have a court annul, vacate, or withdraw an order issued last month by the...
3 Policyholders Receive Safety First Grants from Missouri’s Safety National
Dec 9 2019 // St. Louis, Missouri-based Safety National, through its annual Safety First Grant Program, has awarded three policyholders for their creative risk control solutions. The first-place grant, in the amount of $10,000, was...
Some Changes to California’s FAIR Plan Could Go into Effect Early Next Year
Dec 2 2019 // Note: This has been updated with FAIR Plan comments below. Changes to the insurance plan offered by California’s property insurer of last resort could possibly go into effect as early as the next few months – that...
Texas Mutual Distributes $3.5M in Early Qualifier Dividends
Dec 2 2019 // Texas Mutual Insurance Co. recently paid $3.5 million in early qualifier dividends to approximately 3,200 newer policyholder owners across the state. This payout is the final component of the company’s $330 million...
Florida’s New Consumer Advocate Tackles Open Hurricane Michael Claims
Nov 19 2019 // Florida’s new Insurance Consumer Advocate Tasha Carter has been busy since taking office August 1. With more than 12,000 Hurricane Michael claims still open, according to the Florida Office of Insurance Regulation,...
TWIA Struggles with Rate Making as Policyholders, Lawmakers Object to Higher Costs
Nov 18 2019 // Texas’ property insurer of last resort for wind and hail in counties along the Gulf Coast is finding itself once again between a rock and a hard place — or perhaps more appropriately, between a hurricane and a...
As Texas Windstorm Insurer Mulls Rates, Policyholders, Lawmakers Strongly Oppose Hikes
Nov 15 2019 // Texas’ property insurer of last resort for wind and hail in counties along the Gulf Coast is finding itself once again between a rock and a hard place — or perhaps more appropriately, between a hurricane and a...
