TDI Launches Tool Showing Why Carriers Don't Approve Policies

What happened

Notify me of comments via e-mail More News Ken Griffin Runs Into Miami Resistance Over Personal Helipad Florida’s Private Railroad, Brightline, Files for Bankruptcy State Farm to Increase Claims Workforce by 3,000 Northeast and Mid-Atlantic States Take Cover as Nor’easter Hits More News Features . The transparency tool was developed following the passage of House Bill 2067 last year, which requires insurance companies to report this information to TDI and provide written explanations when they decline, cancel, or don’t renew a home insurance policy. FEMA’s New Flood Maps Means More Homes Require Flood Insurance: Cotality Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking Baldwin Group to Go Private After $7.7B Investment Deal Are Software Vendors Holding Insurers Hostage?

Key details

• The transparency tool was developed following the passage of House Bill 2067 last year, which requires insurance companies to report this information to TDI and provide written explanations when they decline, cancel, or don’t renew a home insurance policy.
• FEMA’s New Flood Maps Means More Homes Require Flood Insurance: Cotality Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking Baldwin Group to Go Private After $7.7B Investment Deal Are Software Vendors Holding Insurers Hostage?
• The Texas Department of Insurance this week launched a tool that allows residents to see reasons for why insurance companies decline, non-renew or cancel home and auto insurance policies.

Why it matters to restoration

This belongs on an operator’s radar because insurance behavior sets the rules for documentation, scope disputes, cash flow and customer expectations. If the article points to a carrier, court or coverage trend, the practical question is what proof your next file needs before the argument starts.

What to check next

Check whether your estimates, photos, notes and customer updates would survive the same dispute described in the article.

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