All the headlines from our Policyholder Topic Page, ordered by recency.
Nov 3 2014 // The Maryland Insurance Administration (MIA) issued a bulletin alerting insurers that the use of “price optimization” in Maryland is in violation of §27-212(e)(1) of the state’s Insurance Article.MIA said...
Oct 29 2014 // Two recent studies say a proposition on California’s November ballot to raise the pain and suffering cap for medical malpractice lawsuits will increase medical costs and malpractice premiums.The studies and heavy...
Oct 6 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
Oct 6 2014 // The New York Insurance Association (NYIA) says the percentage of renters buying renters insurance has been falling nationally in recent years even as premiums become more affordable.According to a 2014 Insurance...
Oct 6 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts.An Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of homeowners...
Oct 6 2014 // Florida’s state-backed property insurer has begun submitting renewal policies through its online clearinghouse to private carriers, but agents believe the process still needs refinement.Citizens Property Insurance...
Sep 26 2014 // Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot of ground. He explained how much, and what some of the difficulties he encounters are...
Sep 18 2014 // The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in premiums his clients...
Sep 16 2014 // Fireman’s Fund has unveiled new coverages and enhancements to its Prestige Home Premier product, now available in six states and filing nationwide through 2016.Homeowners in Arizona, Colorado, Connecticut, Illinois,...
Sep 12 2014 // Following up on issues that were raised at the July 30 hearing on post-Sandy flood insurance claims, U.S. Sen. Robert Menendez (D-N.J.) sent a letter on Wednesday, Sept. 10, to Federal Emergency Management Agency’s...
Sep 9 2014 // Florida’s insurance regulator has approved rate decreases for policyholders of Citizens Property Insurance Corp.The approval means for the first time in five years a majority of the state-backed insurer’s...
Sep 8 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts.A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of...
Sep 8 2014 // The commercial general liability (CGL) occurrence form policy is like a row of briefcases each filled with $1 million.Inscribed on the front of each briefcase is a year representing a specific annual policy period. Each...
Sep 5 2014 // Kentucky Employers’ Mutual Insurance (KEMI), the largest workers’ compensation insurer in Kentucky, announced that it plans to file for an overall rate reduction of 5 percent effective Jan. 1, 2015.KEMI said...
Aug 26 2014 // Connecticut Insurance Commissioner Thomas B. Leonardi announced Monday that the Connecticut Insurance Department recovered nearly $1.8 million for policyholders and taxpayers in the second quarter of 2014.“The advent...
Aug 20 2014 // The recent legislative session in Tallahassee was relatively quiet, a matter some attribute to this being an election year. But even in quiet years, Florida lawmakers tend to make some noise about the insurance industry...
Aug 18 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts.A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of...
Aug 18 2014 // The Federal Emergency Management Agency (FEMA) is being praised for moving quickly and ahead of schedule to get $100 million in flood insurance premium refunds into the hands of the one million policyholders who...
Aug 7 2014 // A former Wichita insurance agent accused of defrauding policyholders has struck a deal with prosecutors for a 42-month prison sentence.Jason Matthew Pennington pleaded guilty on Aug. 5 to two counts of wire fraud and one...
Aug 5 2014 // The North Dakota State Fire and Tornado Fund (F&T) for the first time in its history will waive insurance premiums for its policyholders, the state insurance department announced“The State Fire and Tornado Fund...