last-resort insurer

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  U.S. Homeowners Insurers See High 2011 Combined Ratios Thanks to Storm Activity

  By Phil Gusman, PropertyCasualty360.com  |  May 11, 2012

  Leading U.S. homeowners insurers recorded combined ratios well over 100 in 2011 due mainly to storms throughout the year, according to an SNL Insurance analysis.

• Q1 Profit Down 29% for Fla.’s Universal; Up for Homeowners Choice

  By Chad Hemenway, PropertyCasualty360.com  |  May 10, 2012

  One of the largest writers of homeowners insurance in Florida reports a 29 percent drop in first-quarter earnings.

• Louisiana Citizens Files Restraining Order on Bank; Cancels Meeting

  By Chad Hemenway, PropertyCasualty360.com  |  April 20, 2012

  A scheduled meeting today between Louisiana Citizens Property Insurance Corp. and attorneys for more than 18,500 policyholders owed about $105 million from the last-resort insurer was abruptly canceled.

• Louisiana High Court Won't Stop Multimillion-Dollar Award Against Citizens

  By Chad Hemenway, PropertyCasualty360.com  |  April 10, 2012

  The most recent ruling from the Louisiana Supreme Court lifts a stay on a judgment of more than $100 million against Louisiana Citizens Property Insurance Corp. in favor of more than 18,500 policyholders.

• La. Lawmakers Look to Shield Last-Resort Insurer from Class-Action

  By Chad Hemenway, PropertyCasualty360.com  |  March 20, 2012

  Today Louisiana lawmakers are considering legislation that could make a battle between policyholders and Citizens Property Insurance Corp. over more than $100 million moot.

• Ex-Florida Citizens CEO to Head Homeowners Choice

  By Chad Hemenway, PropertyCasualty360.com  |  March 13, 2012

  Two months after resigning as president and CEO of Florida Citizens Property Insurance Corp., Scott R. Wallace has agreed to join Homeowners Choice Inc.

• Louisiana Citizens’ Class Action Suit Heats Up

  By Phil Gusman, PropertyCasualty360.com  |  February 29, 2012

  After its request for stay in a class-action suit is denied, Louisiana Citizens offers $103M settlement.

• A Measure of ‘Last Resort’

  By Chad Hemenway, PropertyCasualty360.com  |  February 24, 2012

  Throughout the country surplus-lines carriers are being affected by newly enacted and proposed legislation, but a measure being mulled in Florida is looking at these unregulated high-risk writers to help save the state’s residential market.

• Help Wanted in Restructuring 'Unsustainable' TWIA

  By Chad Hemenway, PropertyCasualty360.com  |  February 21, 2012

  Texas Insurance Commissioner Eleanor Kitzman is seeking an outside firm to look into restructuring what she calls an “unsustainable” last-resort insurer.

• Louisiana Citizens, Attorneys Spar Over Class-Action Judgment

  By Chad Hemenway, PropertyCasualty360.com  |  February 16, 2012

  Negotiations between Louisiana Citizens Property Insurance Corp. and plaintiffs’ attorneys over more than $100 million are off to a rocky start following a U.S. Supreme Court decision to not delay the execution of the class-action judgment against the last-resort insurer.