Utah’s Workers Compensation Fund has declared a $12 million dividend that will be distributed to a majority of policyholders this month. Policyholders can expect to receive a dividend equal to 6 percent of their 2014 premium. More than 19,000 businesses …
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, 2014, Citizens had reached agreements with 1,669 …
Safety National Casualty Corp., a provider of excess workers’ compensation and large casualty offerings, has introduced the Safety First Grant Program. This dollar-for-dollar matching grant will reimburse one policyholder up to $10,000 for a creative program designed to reduce the …
The Property Casualty Insurers Association of America has asked Illinois Gov. Pat Quinn to sign Senate Bill 1775, which would allow Illinois drivers to present electronic proof of insurance to state officials. The bill, which enables insureds to present the …
The board of directors for Utah’s Workers Compensation Fund declared a dividend to be distributed to a majority of policyholders in May. Policyholders can expect to receive 5 percent of their 2012 earned premium. With this distribution, WCF will have …
Montana State Fund’s board of directors announced a six percent rate decrease for 2014. The decrease is effective July 1 this year. Since 2007 State Fund has lowered average rates to Montana businesses by 34.5 percent, according to the organization. …
Arizona Gov. Jan Brewer signed a bill that allows a property/casualty insurer to post policies online and send a link via email to policyholders in lieu of providing a hard copy. Brewer signed HB 2565, which allows an insurer to …
Insurance Commissioner Dave Jones on Thursday announced today a 35 percent rate reduction for lender-placed homeowner’s insurance coverage offered by QBE Insurance Corp. The rate reduction will result in an estimated $19.4 million savings to QBE policyholders, with an average …
Missouri Employers Mutual Insurance Co. says it will pay more than $2 million in dividends this spring to more than 11,000 policyholders. The Columbia-based workers’ compensation insurance company says the payments will go to those who had policies in effect …
California’s State Compensation Insurance Fund on Friday announced plans to disburse a $50 million dividend to qualifying policyholders in the form of a premium credit amounting to roughly 5.2 percent of estimated annual premium for the 2011 policy year. The …
