Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Survey: Satisfied Buyers of Homeowners Coverage Subscribe to More Than One Policy
Oct 18 2007 // Homeowners insurance policyholders who subscribe to at least one additional policy with their insurer tend to be more satisfied than those who only have a homeowners insurance policy, according to the J.D. Power and...
RAND Study Finds Taxpayers, Policyholders Benefit from Terrorism Insurance Backstop
Oct 10 2007 // Taxpayers save money and businesses are better protected with the Terrorism Risk Insurance Act (TRIA) in place than if the act is allowed to expire, according to a recent study by RAND Corp. The analysis found that TRIA,...
Fla. agents advise consumers of coverage gaps, likelihood of assessments with Citizens
Oct 8 2007 // Florida’s insurance agents are advising consumers seeking coverage from Citizens Property Insurance Corp. to proceed cautiously, especially for those making comparisons with the private market. Coverage in the state...
Texas agents: Be ready for financial responsibility verification
Oct 8 2007 // In early 2008, most drivers in Texas (read, “many of your insureds”) will come under the new Financial Responsibility Verification Program aimed at reducing the number of drivers without proper proof of...
News Currents
Oct 8 2007 // Fla. agents advise consumers of coverage gaps, likelihood of assessments with Citizens Florida’s insurance agents are advising consumers seeking coverage from Citizens Property Insurance Corp. to proceed cautiously,...
Texas agents: Be ready for financial responsibility verification
Oct 8 2007 // In early 2008, most drivers in Texas (read, “many of your insureds”) will come under the new Financial Responsibility Verification Program aimed at reducing the number of drivers without proper proof of...
State Farm Reduces Fla. Rates Again, Saves Policyholders $23 Million
Oct 3 2007 // State Farm Insurance implemented an additional 2 percent rate reduction for Florida policyholders, according to the Florida Office of Insurance Regulation. The rate reduction comes on the heels of a 7 percent State Farm...
Insurers Outline Consequences of No-Fault Law Expiration in Florida
Sep 27 2007 // For the vast majority of policyholders, nothing will change on Oct. 1. Policyholders will still maintain the insurance coverage they had in place on Sept. 30 for the duration of their contract. Auto insurance policies are...
Fla. Agents Warn Consumers State-Backed Citizens Not Always Wise
Sep 27 2007 // Florida’s insurance agents are advising consumers seeking coverage from Citizens Property Insurance Corp. to proceed cautiously, especially for those making comparisons with the private market. Coverage in the state...
P/C Insurers’ Underwriting Results, Profitability Slip in First-Half 2007
Sep 25 2007 // The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in...
By Marty Ellingsworth
Sep 24 2007 // The use of predictive analytics is truly enhancing speed and customer experience at the service delivery points in the value chain. Understanding behavioral patterns enables insurers to optimize their risk evaluation,...
Agents must tell Fla. citizens of pros and cons of Citizens
Sep 24 2007 // As Florida insurance agents adjust to serious competition from the public sector, the Florida Association of Independent Agents has established a new staff position to act as a liaison between agents and state-backed...
Predictive Analytics 2.0
Sep 24 2007 // Maximizing the science and art of business analysis with the next wave of data It is difficult to overstate the strides in efficiency being made by the insurance industry as a result of the effectiveness of predictive...
Lloyd’s America’s Baker: Time for action on climate change is now
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
Agents must tell Fla. citizens of pros and cons of Citizens
Sep 24 2007 // As Florida insurance agents adjust to serious competition from the public sector, the Florida Association of Independent Agents has established a new staff position to act as a liaison between agents and state-backed...
News Currents
Sep 24 2007 // The company said the policy’s anti-concurrent causation provision means that if a policyholder has wind coverage but not flood insurance, then the company is not responsible for damage from a combination of wind and...
A policyholder bonanza: Texas Supreme Court decides Lamar Homes
Sep 24 2007 // The Supreme Court also disagreed with the district court’s common sense ruling that faulty workmanship that damages the property of a third party is a covered “occurrence,” whereas faulty workmanship that...
Lloyd’s America’s Baker: Time for action on climate change is now
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
State Farm Settles 103 Katrina Cases in Mississippi
Sep 19 2007 // State Farm Insurance Cos. has settled with 103 policyholders in Mississippi who challenged the company’s refusal to cover damage to their homes from Hurricane Katrina, a lawyer for the homeowners said Monday. Terms...
R.I.’s Beacon Mutual Begins Paying Fine after Judge Denies Injunction
Sep 12 2007 // Rhode Island workers’ compensation insurer Beacon Mutual Insurance Co. has made the first payment of $500,000 in its fulfillment of a consent order that calls for $2.5 million in fines and policyholder refunds of $7...
