Property insurers in storm-swept Louisiana could soon gain much more flexibility over policy cancellations if the governor signs House Bill 611 into law, as expected. The state House of Representatives this week approved the bill by a vote of 82 …
Florida legislation that has been called an “agents’ bill” because it could perhaps make life a little easier for insurance agents after storms, passed a major hurdle this week, moving it closer to approval by the full Legislature. But all …
More than 50,000 Florida policyholders will soon be looking for a new carrier for their homeowners insurance after three Florida-based companies were approved by the state regulator to drop the policies. The moves come just a few weeks before the …
Capitol Preferred Insurance Co., one of the top writers of homeowners insurance in Florida, has received approval from the state’s insurance regulator to shed 23,800 policies just weeks before the start of hurricane season. In a May 12 consent order, …
Even after the underwriting period has ended, insurance carriers have the opportunity to cancel a property/casualty insurance policy prior to the renewal. However, the reasons insurance carriers are allowed to use to effectuate these mid-term cancellations are often strictly limited …
The North Dakota Insurance Department wants health insurance companies to disclose the number of people whose policies will be canceled under President Barack Obama’s health care law. Individual health insurance policies are being canceled for millions of people nationwide who …
Farm Bureau Insurance said it is dropping about 3,000 South Carolina home insurance customers after paying out millions in storm-related claims last year. The Post and Courier of Charleston reported that property owners in 17 coastal and Pee Dee counties …
