Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Florida Commissioner McCarty Touts State Regulation Before Congress
May 6 2015 // Florida Insurance Commissioner Kevin McCarty championed flexible state insurance regulation and warned against “one-size-fits-all” bank-like regulation for insurers in recent testimony before the U.S. Senate...
Fitch Upgrades Citizens’ Coastal Account, Outlook Stable
May 5 2015 // Fitch Ratings has assigned an ‘AA-‘ rating to the following senior secured bonds of the Citizens Property Insurance Corp., Coastal Account (formerly known as the High Risk Account): –$750 million series...
Florida Bill Allowing Electronic Insurance Documents Sent to Governor
Apr 8 2015 // Florida may soon be the 28th state to adopt legislation that enables insurers to conduct all policyholder transactions over the internet. The State Legislature has passed House Bill 273, which allows policyholders to...
Citizens: Florida Policyholder Count Lowest Since Company Creation
Apr 6 2015 // Citizens Property Insurance Corp. is the smallest it has been since its creation more than a decade ago, as improving private-market conditions continue to offer policyholders more choices for how best to protect their...
FEMA Vows ‘Sweeping’ Flood Insurance Reforms
Apr 6 2015 // The Federal Emergency Management Agency said it is working to give every Hurricane Sandy survivor who thinks they may have been defrauded or received less than they were entitled to under their National Flood Insurance...
Delaware Regulators Recovered $2.1M for Policyholders in 2014
Apr 1 2015 // The Delaware Department of Insurance (DOI) announced it recovered more than $2.1 million for policyholders in 2014, and helped business owners save nearly $9.3 million in workers’ compensation insurance costs. The...
FEMA Official: ‘We Are Undertaking Sweeping Reforms’ at NFIP
Mar 19 2015 // The Federal Emergency Management Agency said it is working to give every Hurricane Sandy survivor who thinks they may have been defrauded or received less than they were entitled to under their National Flood Insurance...
Citizens: Florida Policyholder Count Lowest Since Company Creation
Mar 19 2015 // Citizens Property Insurance Corp. is the smallest it has been since its creation more than a decade ago, as improving private-market conditions continue to offer policyholders more choices for how best to protect their...
State Farm to Pay $352.5M to Settle Texas Residential Overcharges Case
Mar 9 2015 // A settlement has been reached in a long-running dispute between the nation’s largest homeowners insurer and the state of Texas over premium overcharges. The Texas Office of Public Insurance Counsel (OPIC) announced...
Florida’s Citizens’ Recovery Unit Increased Policyholder Refunds in 2014
Feb 20 2015 // Citizens Property Insurance Corp. reports it returned nearly $310,000 in refunds to affected policyholders in 2014 as part of its efforts to recover claims payments of $4.9 million by pursuing reimbursement from product...
P/C Insurers’ Surplus Rose, Profit Fell in 2014’s First 9 Months
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
Attorneys, Insurers Facing Off over Hail Litigation in Texas
Feb 4 2015 // The vestiges of twin hailstorms that ravaged the south Texas coast in 2012 are now blowing through the halls of the Capitol in Austin. Two of the state’s most-powerful lobbies, the insurance industry and trial...
Conn. Regulators Recovered $6.3M for Policyholders, Taxpayers in 2014
Jan 30 2015 // The Connecticut Insurance Department recovered approximately $6.3 million for policyholders and taxpayers in 2014, the state’s Deputy Insurance Commissioner Anne Melissa Dowling announced today. “Connecticut...
P/C Insurers’ Surplus Rose, Profitability Fell in 2014’s First 9 Months
Jan 28 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
TWIA Legislative Recommendations Address Funding, Depopulation
Jan 26 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Legislative Focus for Texas Windstorm Insurer: Funding, Depopulation
Jan 22 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Florida’s Citizens Settled Almost 70% of Sinkhole Claims in 2014
Jan 13 2015 // Citizens Property Insurance Corp. has reached settlement agreements with more than 1,650 Florida homeowners to end litigation on sinkhole repair cases that was delaying critical repairs to their properties. As of Dec. 15,...
Florida’s Citizens Dealing with ‘Takeout Fatigue’
Jan 12 2015 // Faced with a rising number of consumer complaints, Florida’s state-backed property insurer has announced a series of changes to its takeout program. The news comes as the insurer said it is highly unlikely to need...
Missouri Fines Insurer Nearly $162K for Misstatements to Policyholders
Jan 7 2015 // The Missouri Department of Insurance announced that a regulatory settlement agreement has been reached with Humana Insurance Co. under which the company will pay a $161,800 fine to the Missouri State School Fund. Missouri...
Sisters’ Whistleblower Case Over State Farm’s Katrina Claims Nears Court Date
Jan 5 2015 // State Farm Fire and Casualty Co. has appealed an order that it pay legal fees and damages of $3 million in a whistleblower lawsuit in which a jury found the insurer defrauded the government in a policyholder claim after...
