Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Texas Trade Group: Survey Shows Insurance Industry Doing It Right
Jan 16 2013 // While tornadoes and hailstorms were pounding their way through the Dallas/Fort Worth area last year, consumers had confidence that their insurance companies would be there to help with repairs to their cars, homes and...
Met P&C Settles With Mass., Will Refund Alleged Overcharges
Jan 16 2013 // Metropolitan Property & Casualty Insurance Company (Met P&C) — a unit of MetLife — has settled allegations in Massachusetts concerning auto insurance surcharge premiums. It was alleged that the...
TDI: Pre-Dispute Binding Arbitration Clauses Unfair to Policyholders
Jan 16 2013 // Pre-dispute mandatory binding arbitration provisions in insurance policies may be on their way out in Texas if state insurance regulators proceed with a plan to ban them. The Texas Department of Insurance has informed...
Louisiana Citizens Insurance Proposes 7.7% Rate Hike
Jan 14 2013 // Louisiana’s property insurer of last resort has proposed raising homeowner’s rates an average of 7.7 percent statewide this year. The Advocate reports the Louisiana Citizens Property Insurance Corp.’s...
Florida Restricts Eligibility for Citizens’ HO-8 Policies
Jan 14 2013 // Florida’s state-backed property insurer and state regulators have cleared the path for the insurer to begin issuing a new HO-8 policy by limiting it to low-value older homes, addressing concerns that the...
Florida’s Citizens, Regulators Agree to Restrict Eligibility for New HO-8 Policies
Jan 4 2013 // Florida’s state-backed property insurer and state regulators have cleared the path for the insurer to begin issuing a new HO-8 policy by limiting it to low-value older homes, addressing concerns that the...
P/C Industry’s 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI
Dec 28 2012 // Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as...
Farmers Agents Sue Carrier Over Contracts, Taking Client Info
Dec 27 2012 // A group of Farmers Group Inc. agents have filed a lawsuit in Los Angeles Superior Court alleging the Los Angeles, Calif.-based carrier has undercut them by sharing their data with a competing subsidiary and several...
Attorneys Discuss Liability Insurance Coverage for Sandy Litigation
Dec 21 2012 // Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy. Often, large-scale devastation and destruction are followed by lawsuits against individuals and...
Louisiana Medical Professional Liability Insurer Announces 10% Dividend
Dec 13 2012 // Louisiana Medical Mutual Insurance Co. (LAMMICO), based in Metairie, announced a sixth consecutive dividend for all LAMMICO policyholders in Louisiana and Arkansas. The announcement affects just over 6,000 policyholders,...
Commentary: Lessons From Recent Decisions on Bad Faith Litigation
Dec 12 2012 // A rising tide of first-party bad faith decisions is defining the contours of the bad faith cause of action. Recently, three courts have found first-party insurance companies liable for bad faith claims handling. However,...
Deadline Nears to Claim 2008 Louisiana Citizens Assessment Rebate
Dec 10 2012 // Louisiana Insurance Commissioner Jim Donelon and Department of Revenue (LDR) Director of Customer Service Kent LaPlace are reminding property insurance policyholders that time is running out to claim a rebate for the...
CAMICO Launches Subpoena Services Resource Center for Policyholders
Dec 7 2012 // CAMICO, a CPA-focused program of specialty liability insurance for the accounting profession, has launched a Subpoena Services Resource Center to enhance its subpoena services for CAMICO policyholder CPA firms. The...
NJM Insurance: Sandy-Related Claims Could Exceed $300M
Dec 6 2012 // With more than 52,000 Sandy-related claims filed to date, New Jersey Manufacturers Insurance Company said it anticipates that payouts to policyholders who have suffered covered losses could exceed $300 million — four...
North Carolina Reaches $1.6 Million Rebate Settlement with Insurers
Dec 6 2012 // North Carolina Insurance Commissioner Wayne Goodwin announced an agreement with two insurers that will result in consumers receiving $1.6 million in refunds. American Modern Home Insurance Co. and its affiliate American...
NYSIF Announces Payment Extension for Policyholders Affected by Sandy
Nov 29 2012 // New York State Insurance Fund, New York’s largest workers’ compensation and disability benefits carrier, announced Wednesday that it is extending payment deadlines for all policyholders directly affected by...
Wind Deductibles and Sandy: What It Means for Total Insured Losses
Nov 28 2012 // On October 29, 2012, when Hurricane Sandy made landfall along the northeast coast—a year to the day since the last northeastern superstorm and fourteen months since Hurricane Irene — the wind speeds recorded by the...
Conn. Regulators Recovered $2.3M for Policyholders, Taxpayers in Q3
Nov 21 2012 // Connecticut Insurance Commissioner Thomas Leonardi announced this week that the Connecticut Insurance Department recovered approximately $2.3 million for policyholders and state taxpayers in the third quarter of 2012. The...
Attorneys Discuss Possible Triggers for Business Interruption Coverage
Nov 20 2012 // Superstorm Sandy devastated residents and businesses in the tri-state area. With a nearly unprecedented two-day closure of the New York Stock Exchange, as well as week-long closures of the metropolitan area’s mass...
Florida Advocate Scrutinizes Insurer Use of Credit History to Deny Claims
Nov 19 2012 // Florida’s consumer advocate has called for an investigation into insurers using homeowners’ past credit history to deny claims and cancel policies even though the homeowners have paid premiums for...
