policy cancellation News

New York Enacts Law Protecting Hate Crime Victims in Insurance Dealings

New York Governor Kathy Hochul has signed legislation (S.7658-B/A.8869-B) to protect individuals and organizations that are victims of hate crimes from unfair insurance practices. The new law prohibits insurers from canceling an insurance policy, raising premiums, refusing to issue a …

Missouri Insurance Regulators Recover More Than $9M by Q3 2016

The Missouri Department of Insurance recovered over $9 million for consumers who filed complaints against their insurance companies during the first nine months of 2016. In the first three quarters of 2016, the Consumer Affairs Division received 3,182 formal complaints. …

Mass. AG Says FAIR Plan to Pay $350K for Wrongly Cancelling Policies

The Massachusetts Property Insurance Underwriting Association (FAIR Plan) has agreed to pay $350,000 to resolve allegations that it wrongly cancelled homeowners insurance policies over a four-year period, according to Attorney General Maura Healey. According to court documents, the residual market …