Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Louisiana Court to Hear Appeal of Rare Policyholder Victory in COVID Claim
Dec 5 2022 // The Louisiana Supreme Court has agreed to review an appellate court decision that found the COVID virus caused a direct physical loss that was covered by insurance. The Louisiana high court announced that it will take up...
La. Supreme Court to Hear Appeal of Rare Policyholder Victory in COVID Claim
Nov 30 2022 // The Louisiana Supreme Court has agreed to review an appellate court decision that found the COVID virus caused a direct physical loss that was covered by insurance. The Louisiana high court announced Tuesday that it will...
Louisiana Court to Hear Appeal of Rare Policyholder Victory in COVID Claim
Nov 23 2022 // The Louisiana Supreme Court has agreed to review an appellate court decision that found the COVID virus caused a direct physical loss that was covered by insurance. The Louisiana high court announced Tuesday that it will...
Requiring Citizens’ Policyholders to Also Buy Flood Insurance Could Address a Boatload of Problems
Nov 7 2022 // Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected to be as high as $16 billion – almost half as much as insured wind damages,...
Auto Policyholders’ Claims Satisfaction Wanes: J.D. Power
Oct 27 2022 // Well documented are the pains insurers are facing while trying to keep up with rising claims frequency and severity in auto lines. J.D. Power’s newest study on claims satisfaction reveals the frustration has trickled...
Requiring Citizens’ Policyholders to Also Buy Flood Insurance Could Address Problems
Oct 19 2022 // Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected to be as high as $16 billion – almost half as much as insured wind damages,...
NFIP Now Providing Advance Payments for Flooded Policyholders Who Apply
Oct 5 2022 // The National Flood Insurance Program has approved a waiver that will allow some policyholders flooded by Hurricane Ian to receive advance payments of as much as $20,000 – with few strings attached. “The payments...
Emergency Rule Eases Weston Policyholders’ Access to Wind, Hail Coverage
Sep 19 2022 // The Texas Department of Insurance (TDI) announced an emergency rule removing barriers for Weston Property & Casualty Insurance Company policyholders to receive wind and hail coverage through the Texas Windstorm...
Travelers, Policyholder Agree to Void Current Cyber Policy
Aug 30 2022 // Travelers and policyholder International Control Services (ICS) jointly filed a stipulation to have a federal court rescind an active cyber insurance policy that the insurer claimed was void due to the insured’s...
TDI Orders Emergency Rule Protecting Weston Policyholders During Hurricane Season
Aug 26 2022 // The Texas Department of Insurance (TDI) announced an emergency rule this week removing barriers for Weston Property & Casualty Insurance Company policyholders to receive wind and hail coverage through the Texas...
Weston, UPC Louisiana Policyholders Given 60 Additional Days to Place Policies with Citizens
Aug 17 2022 // Insurance Commissioner Jim Donelon announced Tuesday that Louisiana Citizens will provide an additional 60 days after cancellation for insurance agents to place Weston Property & Casualty Insurance Company policies...
Louisiana Policyholders Recover $129 Million
Aug 10 2022 // Commissioner Jim Donelon announced the Louisiana Department of Insurance (LDI) recovered funds of $129 million in addition to the original amounts offered by insurance companies in Fiscal Year 2021-2022. The additional...
FM Global Puts Aside $300 Million for Policyholders’ ‘Resilience Credit’
Aug 8 2022 // Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive about $300 million in a first-of-its-kind ‘resilience...
North Carolina Raises Limit on Aid for Lindberg Firms’ Policyholders
Aug 3 2022 // Policyholders with three insurance companies once owned by billionaire Greg Lindberg and who have as much as $50,000 in the bank may now qualify for financial hardship payments, the North Carolina insurance commissioner...
Texas Mutual Board Approves $330 Million Policyholder Dividend Distribution
May 24 2022 // Austin, TX., May 20, 2022 – Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced today that its board of directors voted unanimously to approve a $330...
81% of Flood Insurance Policyholders Will See Rate Increases, Report Says
Apr 26 2022 // When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of premium increases,...
Avatar Policyholders Have Until April 13 to Find New Coverage, Florida Regulators Say
Mar 21 2022 // Avatar Property & Casualty Insurance Co. has officially entered into liquidation, and insured homeowners in Florida have less than three weeks to find new carriers. The insolvent company, the second this year and the...
WCRA to Distribute $600 Million to Minnesota Workers’ Comp Insurers, Self-Insurers, Policyholders
Mar 10 2022 // The Workers’ Compensation Reinsurance Association (WCRA) will distribute $600 million to Minnesota’s insurers, self-insurers and policyholders, the association announced this month. The WCRA Board of Directors,...
Could the Ukraine Crisis Move Florida to Fix Its Insurance Crisis?
Mar 2 2022 // With the March 11 scheduled close of its regular session fast approaching, the Florida Legislature remains so focused on putting the finishing touches on its various culture-war signaling bills that one might think...
Oklahoma Insurance Dept.: Insurers Must Notify Policyholders of Triggering Events Upon Renewal
Mar 1 2022 // Oklahoma Insurance Commissioner Glen Mulready informed all property and casualty insurers authorized to do business in the state that upon renewal of an existing policy, each Oklahoma policyholder must receive notice...
