Policyholder - Insurance Industry Brief

Supporting the American Policyholder Association With Time and Money Is an Obligation If You Are a True Policyholder Advocate

Property Insurance Coverage Law

OCTOBER 17, 2024

The American Policyholder Association (APA) has emerged as a powerful force in the fight against insurance fraud, with recent achievements highlighting the critical importance of its work.

Policyholder

Policyholder Property Insurance Insurer Insured

HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders

Insurance Journal

SEPTEMBER 17, 2024

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. The company credits HEMIC’s steady growth and policyholder …

Policyholder

Policyholder Compensation Insurance Companies Workers Compensation

CBS 60 Minutes to Run Story Regarding Altered Insurance Estimates Resulting in Fraudulent Underpayments to Policyholders

Property Insurance Coverage Law

SEPTEMBER 27, 2024

The American Policyholders Association (APA) has reported that CBS 60 Minutes is running a story this Sunday evening about altered estimates by claims managers, which result in underpayments to policyholders.

Policyholder

Policyholder Property Insurance Insurance Insurer

Tennessee DCI Returns $9.5M to Policyholders in Mediated Claims Disputes

Insurance Journal

AUGUST 1, 2024

million for policyholders whose insurance claims had been denied, the department announced this week. The Tennessee Department of Commerce and Insurance so far this year has secured more than $9.5 The payments, mostly from property insurers, are the result of …

Policyholder

Policyholder Claim Insurance Claim Property Insurance

Hurricane Helene and Milton Survivors Navigating Insurance Claims and Recovery: United Policyholders’ Roadmap to Recovery Program Offers Crucial Support

Property Insurance Coverage Law

OCTOBER 11, 2024

In the wake of the devastating Hurricanes Helene and Milton that recently struck Florida and neighboring states, policyholders are facing the daunting task of rebuilding their lives and navigating complex insurance claims.

Policyholder

Policyholder Insurance Claim Claim Property Insurance

Policyholders Beware of Whom You Hire Regarding Your National Flood Insurance Claim

Property Insurance Coverage Law

OCTOBER 16, 2024

I was thinking about this while calling FAPIA Managing Director Nancy Dominguez to take down a wrong proof of loss form that some ignorant attorney had sent to a group as the proper NFIP proof of loss to be filed … The post Policyholders Beware of Whom You Hire Regarding Your National Flood Insurance Claim appeared first on Property Insurance (..)

Policyholder

Policyholder Insurance Claim Claim Property Insurance

SAIF in Oregon Declares $60M Dividend for Workers’ Comp Policyholders

Insurance Journal

SEPTEMBER 10, 2024

The board of SAIF, a not-for-profit workers’ compensation insurer in Oregon, declared a $60 million dividend for their current policyholders. The funds will start being dispersed starting in October, with 51,288 policyholders receiving the dividend, which as determined based on …

Policyholder

Policyholder Workers Comp Compensation Workers Compensation

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

Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking Monies Through Excessive Payouts

Property Insurance Coverage Law

OCTOBER 18, 2024

Amy Bach‘s recent LinkedIn post yesterday highlighting concerns about excessive compensation in the insurance industry has struck a chord with many policyholders and consumer advocates. Bach raised these issues in a panel discussion at the American Academy of Actuaries.

Policyholder

Policyholder Property Insurance Insurance Compensation

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 Insurance Companies Property Insurance Insurer

What Are the Duties of An Insurance Agent to the Policyholder—A Michigan Case Example

Property Insurance Coverage Law

SEPTEMBER 4, 2024

The duties of an insurance agent to the policyholder will differ depending on state law. This will be the second post in … The post What Are the Duties of An Insurance Agent to the Policyholder—A Michigan Case Example appeared first on Property Insurance Coverage Law Blog.

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Policyholder Insurance Agent Insurance Agents Agents

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

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

Policyholders, Public Adjusters, and Contractors Beware! Marshall Fire Claims Set to Expire on December 30, 2024 – What You Need to Know Now

Property Insurance Coverage Law

NOVEMBER 8, 2024

Sadly, almost three years after the Marshall Fire caused … The post Policyholders, Public Adjusters, and Contractors Beware! It is estimated that the Marshall Fire totally destroyed no less than 1,084 homes, and damaged thousands more with penetrating toxins of smoke, ash, char, and soot.

Policyholder

Policyholder Claim Property Insurance Damage

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

Governor DeSantis’s response to the CBS 60 Minutes exposé on … The post 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? appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Insurance Companies Insurance Industry Protection

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

Property Insurance Coverage Law

SEPTEMBER 14, 2024

California Policyholders Are Being Monitored Regarding Their Loss Risk Exposure and Loss Mitigation Attempts appeared first on Property Insurance Coverage Law Blog. 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!”

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Policyholder Risk Property Insurance Insurance Companies

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 Insurer Insured

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 Insurer

USAA Renter’s Insurance Policyholder Charged with Multiple Counts of Fraud

Insurance Journal

JULY 23, 2024

Maryland Attorney General Anthony G. Brown reports that a grand Jury for Prince George’s County has handed down two indictments charging an Upper Marlboro woman with insurance fraud. According to Brown, Rhonda Keisha Powell, also known as Rhonda Keisha Jackson, …

Policyholder

Policyholder Insurance Insurer Insured

Why Are Policyholders So Frequently Underinsured in the Event of a Total Loss? What Can Fix the Underinsurance Problem?

Property Insurance Coverage Law

AUGUST 5, 2024

Professor Klein’s research has … The post Why Are Policyholders So Frequently Underinsured in the Event of a Total Loss? What Can Fix the Underinsurance Problem? appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Property Insurance Insurer Insured

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

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.

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Policyholder Broker-Agent Personal Property Agents

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 Insurer Insured

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 Insurance Insurer

Insurance Agents Get a Free Pass for Negligence with NFIP Policies: Federal Courts Create an Alice in Wonderland Defense

Property Insurance Coverage Law

OCTOBER 30, 2024

Federal courts are creating an almost impossible barrier for policyholders trying to hold their insurance agents accountable for negligence involving National Flood Insurance Program (NFIP) policies.

Insurance Agent

Insurance Agent Insurance Agents Agents Policy

Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows

Insurance Journal

NOVEMBER 3, 2024

Coalition published its†2024 Cyber Claims Report: Mid-Year Update, which details emerging cyber trends and their impact on policyholders … Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider.

Cyber

Cyber Policyholder Claim Insurer

‘Board Certified’ Could Soon be an Advertising Thing for Florida Insurance Lawyers

Insurance Journal

NOVEMBER 6, 2024

By this time next year, plaintiffs lawyers, who have frequently been held up as thorns in the side of the Florida property insurance industry for their sometimes-aggressive pursuit of policyholder claims litigation, could have a stamp of credibility to brandish …

Policyholder

Policyholder Property Insurance Insurance Industry Claim

Renewable Energy Offers a Cost and Opportunity to Insurance Sector

Insurance Journal

NOVEMBER 7, 2024

Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as insurers seek to recover the cost of “devastating claims” in regions hit by natural catastrophes, industry sources say. Unpredictable weather …

Policyholder

Policyholder Insurance Insurer Insured

Florida OIR Extends Order, Barring Policy Cancels or Nonrenews Until Dec. 10

Insurance Journal

OCTOBER 18, 2024

Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and Milton. The orders, seen here and here, are in line with similar actions taken after hurricanes. The orders: Extend grace …

Policy

Policy Policyholder Protection Insurer

Agents Report Limited Damage But More Claims Expected As Floridians Return Home

Insurance Journal

OCTOBER 11, 2024

Insurance agents and carriers in the path of Hurricane Milton reported only minor damage to their own offices and homes but a rapidly growing number of claims from residential and commercial policyholders for roof, flood and auto damage. The Florida …

Damage

Damage Agents Claim Policyholder

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

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 Insurance

Hurricane Helene National Flood Insurance Claims—What to Expect

Property Insurance Coverage Law

OCTOBER 4, 2024

Most policyholders are unaware that National Flood claims are among the most difficult property insurance claims to handle correctly, and that the National Flood Insurance adjuster has limited authority. The field flood adjuster primarily serves to assist policyholders in making claims rather than having decision-making power.

Insurance Claim

Insurance Claim Claim Policyholder Property Insurance

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

Insurance Journal

OCTOBER 1, 2024

Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain on the picturesque community and …

Damage

Damage Agents Policyholder Insurance Agent

Explaining Deductibles After Multiple Florida Hurricanes

Insurance Journal

OCTOBER 15, 2024

They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not … They provide some premium relief for the insured.

Deductible

Deductible Policyholder Premium Damage

Appraisal Whiplash: Court Rules You Can’t Back Out Once You’re In

Property Insurance Coverage Law

NOVEMBER 16, 2024

1 The case offers important lessons for policyholders, insurers, and their representatives about the binding nature of appraisal provisions once triggered. Liberty Insurance Corporation serves as a stark reminder that invoking appraisal may be a one-way street with no turning off or around allowed.

Policyholder

Policyholder 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 Insurer Insured

Should Citizens Do More to Assist With Coming Flood Claims in Florida? Can it?

Insurance Journal

SEPTEMBER 25, 2024

Florida’s largest insurer, has suspended policy binding ahead of predicted Hurricane Helene, and a board member asked if the carrier could do more to help policyholders manage flood insurance claims from the looming storm. Citizens Property Insurance Corp., “My question …

Claim

Claim Policyholder Property Insurance Insurance Claim

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 Insurance Insurer

A Frank Discussion About Florida’s Insurance Crisis, Including Admissions About Why Current Claims Statistics Do Not Indicate the Sky Is Falling

Property Insurance Coverage Law

NOVEMBER 19, 2024

However, this candor only reinforces the troubling reality facing Florida’s policyholders. The truth about Florida’s property insurance market requires honest discussion, even when it means acknowledging valid points from all sides.

Claim

Claim Policyholder Property Insurance Insurance

National Flood Lessons: Strict Enforcement of Deadlines Dooms Policyholder’s Flood Claim—A Reopened Claim Does Not Stop the Ticking Time Bomb

Property Insurance Coverage Law

OCTOBER 22, 2024

Policyholders and public adjusters need to be aware that National Flood Insurance claims are very technical with demanding deadlines that must be met.

Claim

Claim Policyholder Property Insurance Insurance Claim

What to Know About Deductibles After Multiple Florida Hurricanes

Insurance Journal

NOVEMBER 17, 2024

They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not … They provide some premium relief for the insured.

Deductible

Deductible Policyholder Premium Damage

Mailing a Letter, in Context With Other Clues, Is Sufficient Cancellation – NC High Court

Insurance Journal

AUGUST 25, 2024

Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner’s insurance policy shortly just weeks before a fire destroyed a home, the North …

Policyholder

Policyholder Insurance Policy Policy 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 Insurance Insurer Insured

Supporting the American Policyholder Association With Time and Money Is an Obligation If You Are a True Policyholder Advocate

HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders

Trending Sources

CBS 60 Minutes to Run Story Regarding Altered Insurance Estimates Resulting in Fraudulent Underpayments to Policyholders

Tennessee DCI Returns $9.5M to Policyholders in Mediated Claims Disputes

Hurricane Helene and Milton Survivors Navigating Insurance Claims and Recovery: United Policyholders’ Roadmap to Recovery Program Offers Crucial Support

Policyholders Beware of Whom You Hire Regarding Your National Flood Insurance Claim

SAIF in Oregon Declares $60M Dividend for Workers’ Comp Policyholders

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

Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking Monies Through Excessive Payouts

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

What Are the Duties of An Insurance Agent to the Policyholder—A Michigan Case Example

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

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

Policyholders, Public Adjusters, and Contractors Beware! Marshall Fire Claims Set to Expire on December 30, 2024 – What You Need to Know Now

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?

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

California Policyholders May Be On the Hook for Wildfire Losses

Texas Mutual board approves $350 million policyholder dividend distribution

USAA Renter’s Insurance Policyholder Charged with Multiple Counts of Fraud

Why Are Policyholders So Frequently Underinsured in the Event of a Total Loss? What Can Fix the Underinsurance Problem?

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

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

California Wildfire Destroys 243 Structures, Cancellation Moratorium Issued

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

Insurance Agents Get a Free Pass for Negligence with NFIP Policies: Federal Courts Create an Alice in Wonderland Defense

Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows

‘Board Certified’ Could Soon be an Advertising Thing for Florida Insurance Lawyers

Renewable Energy Offers a Cost and Opportunity to Insurance Sector

Florida OIR Extends Order, Barring Policy Cancels or Nonrenews Until Dec. 10

Agents Report Limited Damage But More Claims Expected As Floridians Return Home

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

Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation

Hurricane Helene National Flood Insurance Claims—What to Expect

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

Explaining Deductibles After Multiple Florida Hurricanes

Appraisal Whiplash: Court Rules You Can’t Back Out Once You’re In

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

Should Citizens Do More to Assist With Coming Flood Claims in Florida? Can it?

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

A Frank Discussion About Florida’s Insurance Crisis, Including Admissions About Why Current Claims Statistics Do Not Indicate the Sky Is Falling

National Flood Lessons: Strict Enforcement of Deadlines Dooms Policyholder’s Flood Claim—A Reopened Claim Does Not Stop the Ticking Time Bomb

What to Know About Deductibles After Multiple Florida Hurricanes

Mailing a Letter, in Context With Other Clues, Is Sufficient Cancellation – NC High Court

California Commissioner Orders Insurance Cancelation Moratorium for 185K Residents

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