Insurance Companies and Policyholder - Insurance Industry Brief

HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders

Insurance Journal

SEPTEMBER 17, 2024

Hawaii Employers’ Mutual Insurance Company Inc. is giving policyholders the largest dividend in the workers’ compensation carrier’s history. The HEMIC board of directors recently announced a $5 million dividend to qualifying policyholders.

Policyholder

Policyholder Compensation Insurance Companies Workers Compensation

Insurance Company Prevails in Hail Damage Claim Dispute—Policyholders Need to Hire Experts Right Away and Provide Access to Information

Property Insurance Coverage Law

SEPTEMBER 26, 2024

In a case involving alleged hail damage to a commercial building, the court granted summary judgment in favor of the insurer, Charter Oak Fire Insurance Company, after excluding the policyholder’s expert witness.

Policyholder

Policyholder Insurance Companies Damage Claim

The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry?

Property Insurance Coverage Law

OCTOBER 23, 2024

While Jimmy Patronis and Governor DeSantis trumpet their latest emergency rule as consumer protection following the CBS 60 Minutes Expose noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, the reality reveals a different story.

Policyholder

Policyholder Insurance Industry Insurance Companies Protection

Appraiser Qualifications and Bad Faith Suits Against Policyholders in California—Chubb’s Attempt to Vacate Huge Glass Fire Appraisal Award Largely Fails

Property Insurance Coverage Law

NOVEMBER 12, 2024

In a significant victory for policyholders, a federal magistrate in Northern California recently rejected most of Federal Insurance Company’s (aka Chubb) attempts to vacate a substantial appraisal award in a Glass Fire case. The case, Pollock v.

Policyholder

Policyholder Property Insurance Insurance Companies Insured

The Ongoing Issue of Field Adjuster Independence: Why Xactimate and Florida’s Emergency Rule are at Odds with Policyholders’ Interests

Property Insurance Coverage Law

OCTOBER 25, 2024

In my recent articles, The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry and Florida’s Emergency Ethical Rule Conflicts with Xactimate’s License Agreement – Another Example of Insurance Industry Control in Florida, (..)

Policyholder

Policyholder License Insurance Industry Property Insurance

One Example of How Florida’s Politicians Harmed Florida Policyholders By Passing Insurance Lobby Laws

Property Insurance Coverage Law

OCTOBER 28, 2024

This is Florida law regarding when an insurance company must start investigating an insurance claim: 3)(a) Unless otherwise provided by the policy of insurance or by law, within 7 days after an insurer receives proof-of-loss statements, the insurer shall begin such investigation as is reasonably necessary unless the failure to begin such investigation (..)

Policyholder

Policyholder Property Insurance Insurance Claim Claim

Florida’s Insurance Company Fraud Investigations: A Crisis of Public Trust (With a Side of Absurdity)

Property Insurance Coverage Law

SEPTEMBER 27, 2024

As an attorney who has dedicated my career to representing policyholders, I’ve witnessed firsthand the challenges faced by Florida homeowners, businesses, condominium associations, and even government entities in the wake of natural disasters.

Insurance Companies

Insurance Companies Policyholder Property Insurance Insurer

California Policyholders May Be On the Hook for Wildfire Losses

Insurance Journal

SEPTEMBER 9, 2024

California homeowners could be required to pay a surcharge if the state’s insurer of last resort is unable to cover losses from a catastrophic wildfire. The California Department of Insurance sent a bulletin to insurance companies this week outlining how …

Policyholder

Policyholder Insurance Companies Insured Insurer

Let’s Get Tough on Drunk Driving but Not Have Any Penalties For the Drunk Driver: Making It Difficult For Policyholders To Collect On Debts Owed By Delaying and Underpaying Insurance Companies

Property Insurance Coverage Law

AUGUST 19, 2024

A local investigative news article written by Kate Cimini of the … The post Let’s Get Tough on Drunk Driving but Not Have Any Penalties For the Drunk Driver: Making It Difficult For Policyholders To Collect On Debts Owed By Delaying and Underpaying Insurance Companies appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Insurance Companies Property Insurance Insurance Industry

CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management

Property Insurance Coverage Law

SEPTEMBER 30, 2024

In a shocking exposé aired last night on CBS’s 60 Minutes, allegations of widespread insurance fraud by insurance companies following Hurricane Ian were exposed.

Insurance Companies

Insurance Companies Damage Claim Property Insurance

Texas Mutual board approves $350 million policyholder dividend distribution

Insurance Journal

SEPTEMBER 18, 2024

AUSTIN, Texas September 18, 2024—Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, is announcing today that its board of directors voted unanimously to approve a $350 million dividend distribution in 2024. Dividends will be distributed to …

Policyholder

Policyholder Compensation Insurance Companies Insured

“I Was Droned!” California Policyholders Are Being Monitored Regarding Their Loss Risk Exposure and Loss Mitigation Attempts

Property Insurance Coverage Law

SEPTEMBER 14, 2024

When I am finished beating up or getting beaten upon by various insurance company attorneys all over the country, I love to compete and beat up or get beaten upon by the best sailboat racers. I love true competition, and it is one reason why I love being the type of attorney that I am … The post “I Was Droned!”

Policyholder

Policyholder Risk Property Insurance Insurance Companies

California Wildfire Destroys 243 Structures, Cancellation Moratorium Issued

Insurance Journal

NOVEMBER 18, 2024

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 200,000 policyholders affected by the Mountain Fire, which has destroyed 243 structures. The order shields those living within the …

Policyholder

Policyholder Insurance Companies Insured Insurance

California Insurance Commissioner Orders 1-Year Moratorium on Cancellations for Wildfire Victims

Insurance Journal

NOVEMBER 11, 2024

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 11,000 policyholders affected by the Shelly Fire located in Siskiyou County and the Bear Fire located in Sierra County.

Policyholder

Policyholder Insurance Companies Insurer Insured

Insurance Company’s Two-Year Claims Handling Waives Proof of Loss Requirement

Property Insurance Coverage Law

NOVEMBER 5, 2024

A recent Indiana Court of Appeals decision where Merlin Law Group’s Ed Eshoo was counsel for the policyholder provides a textbook example of how an insurance company’s conduct can waive strict policy requirements, even when attempting to preserve those rights through reservation letters.

Claim

Claim Policyholder Property Insurance Insurance Companies

When Do Insurance Company Lobbyists and Trade Association Supporters Lie About Insurance Fraud Statistics? Every Time They Say or Write Anything

Property Insurance Coverage Law

NOVEMBER 20, 2024

For example, the Coalition Against … The post When Do Insurance Company Lobbyists and Trade Association Supporters Lie About Insurance Fraud Statistics? Every Time They Say or Write Anything appeared first on Property Insurance Coverage Law Blog. billion figure that concludes it is pure misinformation.

Insurance Companies

Insurance Companies Property Insurance Insurer Insured

California Commissioner Orders 1-Year Moratorium for Residents Affected by Boyles Fire

Insurance Journal

OCTOBER 4, 2024

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 16,000 policyholders affected by the Boyles Fire located in Lake County. The commissioner’s order shields those living within the …

Policyholder

Policyholder Insurance Companies Insured Insurance

California Commissioner Orders Insurance Cancellation Moratorium for 750K Residents Following Wildfires

Insurance Journal

SEPTEMBER 19, 2024

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for 750,000 policyholders affected by the Airport, Bridge, and Line fires in the counties of Orange, Riverside, Los Angeles, and San Bernardino.

Policyholder

Policyholder Insurance Companies Insured Insurer

California Commissioner Orders Insurance Cancelation Moratorium for 185K Residents

Insurance Journal

AUGUST 8, 2024

California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, Borel and Gold Complex fires. The moratorium shields those living within the perimeters or …

Policyholder

Policyholder Insured Insurer Insurance

Proof of Loss Requirements: A 222-Year-Old Case Still Relevant for Modern Insurance Claims

Property Insurance Coverage Law

NOVEMBER 18, 2024

United Insurance Company 1 offers timeless guidance on the distinction between preliminary “proof of loss” requirements and “proof” evidence required at trial. This distinction remains critically important for today’s insurance practitioners and policyholders alike. The 1802 New York Supreme Court case of Lenox v.

Insurance Claim

Insurance Claim Claim Policyholder Property Insurance

Hurricane Helene Insurance Delays or Underpayment in Florida? File a Complaint with the Department of Financial Services

Property Insurance Coverage Law

OCTOBER 6, 2024

Florida policyholders should report any delays, underpayments, or complaints regarding an insurance company to the Florida Department of Financial Services. File a Complaint with the Department of Financial Services appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Property Insurance Insurance Companies Insurer

The Deadline to Properly Submit a Hurricane Ian Claim Is September 28 – Double Check Claim Submissions

Property Insurance Coverage Law

SEPTEMBER 21, 2024

Claims deadlines and submittals are no longer easy for Florida policyholders. It’s hard to keep up with all the changes to … The post The Deadline to Properly Submit a Hurricane Ian Claim Is September 28 – Double Check Claim Submissions appeared first on Property Insurance Coverage Law Blog.

Claim

Claim Policyholder Property Insurance Insurance Companies

Public Adjusters Prohibited in Arkansas

Property Insurance Coverage Law

OCTOBER 5, 2024

When navigating the aftermath of a property damage claim, many homeowners seek professionals to help them secure the best possible settlement from their insurance company. However, policyholders … The post Public Adjusters Prohibited in Arkansas appeared first on Property Insurance Coverage Law Blog.

Property Damage

Property Damage Policyholder Property Insurance Damage

Prepare for the Unexpected — How to Help Policyholders With Disaster Planning

American Agents Alliance

SEPTEMBER 30, 2024

Learn more about how to help policyholders prepare for the unexpected with helpful tips. How to Help Policyholders With Proactive Disaster Planning An important start to disaster planning is considering whether or not a potential loss would be covered by insurance. Provide expert educational services for policyholders.

Policyholder

Policyholder Broker-Agent Personal Property Agents

Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation

Insurance Journal

OCTOBER 9, 2024

Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims. “Any move …

Policyholder

Policyholder Claim Damage Insurer

Dr. Roof or Dr. Roof Adjuster? Restoration Contractors and Roofers Need to Be Careful and Not Overstep into Adjusting Claims, Subjecting Them to Criminal Prosecution

Property Insurance Coverage Law

SEPTEMBER 19, 2024

Restoration Contractors and Roofers Need to Be Careful and Not Overstep into Adjusting Claims, Subjecting Them to Criminal Prosecution appeared first on Property Insurance Coverage Law Blog.

Claim

Claim Policyholder Property Insurance Insurance Companies

The Construction Costs to Investigate the Full Extent of a Covered Loss Should Be Covered

Property Insurance Coverage Law

NOVEMBER 13, 2024

Why do some insurance companies nickel and dime their customers who have sustained a covered property loss? Chubb successfully argued that the … The post The Construction Costs to Investigate the Full Extent of a Covered Loss Should Be Covered appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Property Insurance Insurance Companies Insured

How Life Insurance Companies Master Diversification in Asset Management

The Insurance Pro

MARCH 26, 2023

Life insurance companies have emerged as experts in this field, utilizing their vast resources and expertise to create well-diversified investment portfolios that deliver long-term value to policyholders. In this article, we will explore the factors that contribute. In this article, we will explore the factors that contribute.

Life Insurance

Life Insurance Insurance Companies Policyholder Insured

What Does Replacement Cost Insurance Pay If There Has Not Been Repair or Replacement?

Property Insurance Coverage Law

SEPTEMBER 5, 2024

Insurance companies that wrongly deny or underpay property insurance claims are finding a golden financial opportunity that provides an incentive for them to wrongfully underpay and deny claims—they escape the payment of the replacement cost valuation they promised to their policyholders.

Policyholder

Policyholder Property Insurance Insurance Claim Claim

How do life insurance companies make money?

QuickQuote

JULY 29, 2023

Since life insurance companies pay out multiple claims per year, you may wonder how life insurance companies make money if claims sometimes eclipse the amount earned in premiums. The answer is that life insurance company profitability is based on more than just the amount it earns in premiums.

Life Insurance

Life Insurance Insurance Companies Premium Insurer

Best Practices for Digital Claims Management for Agents and Brokers

American Agents Alliance

JULY 17, 2024

Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers. Data shows about 6% of homeowners filed a claim under their homeowners insurance policies during the five years ranging from 2018 to 2022.

Broker-Agent

Broker-Agent Broker Agents Claim

When Life Gives You Lemonade, They Give You No Coverage for Cryptocurrency

Property Insurance Coverage Law

OCTOBER 26, 2024

In a recent Fourth Circuit Court of Appeals decision that leaves me scratching my head, Lemonade Insurance Company successfully argued that cryptocurrency isn’t covered under their homeowner’s policy because it’s not “tangible property.”

Property Insurance

Property Insurance Insurance Companies Policy Insured

Progressive and K&P’s Alleged Insurance Scheme: When Reality is Stranger Than Fiction

Property Insurance Coverage Law

NOVEMBER 15, 2024

Progressive Insurance Company, one of America’s largest auto insurers, is alleged to have created a scheme that would make ambulance chasers blush – directly feeding accident victim information to a law firm for solicitation. You really cannot make this stuff up.

Auto Insurance

Auto Insurance Property Insurance Insurance Companies Insurer

Tips for Buying Home Insurance

Bankers Insurance

MAY 16, 2024

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Finally, toward the end of 2023, reinsurance rates rose by as much as 40% as companies sought to recoup increased losses from recent years.

Home Insurance

Home Insurance Policyholder Out-Of-Pocket Insurer

AM Best Reaffirms Frankenmuth Insurance’s Financial Strength and Stability With An A (Excellent) Rating

Frankenmuth Insurance

JUNE 20, 2024

These high ratings represent Best’s assessment of Frankenmuth Insurance Company and its property and casualty insurance subsidiaries: Ansur America Insurance Company, ASure Worldwide Insurance Company, Fortuity Insurance Company, and Patriot Insurance Company.

Casualty Insurance

Casualty Insurance Insurance Companies Policyholder Life Insurance

Emma Werth Appointed Vice President of Underwriting and Reinsurance

Cowbell

NOVEMBER 15, 2024

She has over a decade of experience in insurance, having held key positions in both global insurance companies and specialized firms. Prior to her current position, Emma was a Regional Vice President at Cowbell, responsible for supporting strategic growth across the east coast.

Underwriter

Underwriter Underwriting Cyber Policyholder

From Risk to Retention: Transforming Insurance with Predictive Churn Analytics

InsuredMine

JULY 19, 2024

In this context, understanding why customers might leave and taking preemptive steps to prevent churn has become a strategic imperative for insurance companies. This innovative approach combines big data, machine learning, and advanced statistical techniques to forecast which policyholders are likely to discontinue their coverage.

Risk

Risk Policyholder Insured Insurer

Civil Remedy Notices – What Are They and What Do They Require?

Property Insurance Coverage Law

AUGUST 4, 2024

Insurance policies protect you from the cost of replacing lost, damaged, or stolen items: or at least, that’s how they’re supposed to work. But what happens if your insurance company refuses to pay what you are owed?

Property Insurance

Property Insurance Damage Insurance Policy Insurance Companies

Understanding Consumer Education and Property Insurance

Property Insurance Centre

MARCH 19, 2024

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes.

Property Insurance

Property Insurance Policyholder Insurer Insured

Is Waiving Forfeiture Clauses Possible? Unlocking Possible Overlooked Arguments for Coverage

Property Insurance Coverage Law

AUGUST 21, 2024

Ohio Casualty Insurance Company, 1 is a case decided last week involving vacancy clauses often found in property insurance policies, the impact of forfeiture clauses, and how those clauses can be waived. Sinjel, L.L.C.

Casualty Insurance

Casualty Insurance Property Insurance Insurance Policy Insurance Companies

Millennial Insurance Buyers — What Agents Need to Know to Sell to Them

American Agents Alliance

OCTOBER 14, 2024

Some insurance companies now highlight their charitable give-back programs , which may be of interest to millennial insurance buyers. They can explain how premiums are determined, how policyholders can mitigate their risk, and why certain coverages are important. Offer seamless digital solutions by embracing technology.

Agents

Agents Broker-Agent Policyholder Insured

Essential Guide to Dependent Definition For Health Insurance

Smart Insurance Agents

SEPTEMBER 7, 2024

They can get health coverage under the plan of the policyholder. Dependents get the same or similar health benefits as the main policyholder. Insurance companies have clear rules for who qualifies as an eligible dependent. This usually includes their age, relationship to the policyholder, and where they live.

Policyholder

Policyholder Insurer Insured Insurance

The Future of Homeowners and Property Insurance: Navigating AI, Surveillance, and Regulatory Challenges

Property Insurance Coverage Law

AUGUST 17, 2024

A recent article from Business Insider, Through The Roof: My Journey Into The Surreal, Infuriating Future of Homeowners Insurance, highlights the growing concern over insurance companies using drones, AI, and surveillance tools to monitor and evaluate homeowners, … The post The Future of Homeowners and Property Insurance: Navigating AI, Surveillance, (..)

Property Insurance

Property Insurance Insurance Companies Insured Insurer

Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

AUGUST 20, 2024

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

Insurance Claim

Insurance Claim Claim Protection Out-Of-Pocket

HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders

Insurance Company Prevails in Hail Damage Claim Dispute—Policyholders Need to Hire Experts Right Away and Provide Access to Information

Trending Sources

The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry?

Appraiser Qualifications and Bad Faith Suits Against Policyholders in California—Chubb’s Attempt to Vacate Huge Glass Fire Appraisal Award Largely Fails

The Ongoing Issue of Field Adjuster Independence: Why Xactimate and Florida’s Emergency Rule are at Odds with Policyholders’ Interests

One Example of How Florida’s Politicians Harmed Florida Policyholders By Passing Insurance Lobby Laws

Florida’s Insurance Company Fraud Investigations: A Crisis of Public Trust (With a Side of Absurdity)

California Policyholders May Be On the Hook for Wildfire Losses

Let’s Get Tough on Drunk Driving but Not Have Any Penalties For the Drunk Driver: Making It Difficult For Policyholders To Collect On Debts Owed By Delaying and Underpaying Insurance Companies

CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management

Texas Mutual board approves $350 million policyholder dividend distribution

“I Was Droned!” California Policyholders Are Being Monitored Regarding Their Loss Risk Exposure and Loss Mitigation Attempts

California Wildfire Destroys 243 Structures, Cancellation Moratorium Issued

California Insurance Commissioner Orders 1-Year Moratorium on Cancellations for Wildfire Victims

Insurance Company’s Two-Year Claims Handling Waives Proof of Loss Requirement

When Do Insurance Company Lobbyists and Trade Association Supporters Lie About Insurance Fraud Statistics? Every Time They Say or Write Anything

California Commissioner Orders 1-Year Moratorium for Residents Affected by Boyles Fire

California Commissioner Orders Insurance Cancellation Moratorium for 750K Residents Following Wildfires

California Commissioner Orders Insurance Cancelation Moratorium for 185K Residents

Proof of Loss Requirements: A 222-Year-Old Case Still Relevant for Modern Insurance Claims

Hurricane Helene Insurance Delays or Underpayment in Florida? File a Complaint with the Department of Financial Services

The Deadline to Properly Submit a Hurricane Ian Claim Is September 28 – Double Check Claim Submissions

Public Adjusters Prohibited in Arkansas

Prepare for the Unexpected — How to Help Policyholders With Disaster Planning

Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation

Dr. Roof or Dr. Roof Adjuster? Restoration Contractors and Roofers Need to Be Careful and Not Overstep into Adjusting Claims, Subjecting Them to Criminal Prosecution

The Construction Costs to Investigate the Full Extent of a Covered Loss Should Be Covered

How Life Insurance Companies Master Diversification in Asset Management

What Does Replacement Cost Insurance Pay If There Has Not Been Repair or Replacement?

How do life insurance companies make money?

Best Practices for Digital Claims Management for Agents and Brokers

When Life Gives You Lemonade, They Give You No Coverage for Cryptocurrency

Progressive and K&P’s Alleged Insurance Scheme: When Reality is Stranger Than Fiction

Tips for Buying Home Insurance

AM Best Reaffirms Frankenmuth Insurance’s Financial Strength and Stability With An A (Excellent) Rating

Emma Werth Appointed Vice President of Underwriting and Reinsurance

From Risk to Retention: Transforming Insurance with Predictive Churn Analytics

Civil Remedy Notices – What Are They and What Do They Require?

Understanding Consumer Education and Property Insurance

Is Waiving Forfeiture Clauses Possible? Unlocking Possible Overlooked Arguments for Coverage

Millennial Insurance Buyers — What Agents Need to Know to Sell to Them

Essential Guide to Dependent Definition For Health Insurance

The Future of Homeowners and Property Insurance: Navigating AI, Surveillance, and Regulatory Challenges

Protect Your Finances: The Truth About Small Insurance Claims

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