ProSight Specialty® Insurance Announces Consumer Protection Measures for Those Affected by Illinois Flooding
Morristown, NJ (August 3, 2017) –ProSight Specialty® Insurance announced consumer protection measures to ensure Illinois consumers suffer no undue stress and hardship resulting from the flooding in Cook, Kane, Lake and McHenry counties of Illinois. As a result of these counties being declared disaster areas, ProSight is implementing safeguards for policyholders in the affected areas to ensure there is no lapse in coverage during this difficult recovery process.
In response to Illinois Company Bulletin 2017-03, the ProSight Group of Insurance Companies is suspending policy cancellations and non-renewals for affected policyholders until September 30, 2017 as a result of recent flooding in Cook, Kane, Lake, and McHenry counties. For any cancellation issued on or after July 12, 2017 on any in-force policy issued to an affected policyholder, ProSight is withdrawing the cancellation and reinstating the policy with no lapse in coverage. Normal cancellation and non-renewal procedures will resume on September 30, 2017. In addition, affected policyholders will be granted an extension of 60 days for any provisions that impose a time limit for an affected insured or claimant to perform any act related to an affected insurance policy until September 30, 2017.
Consumers may file a complaint regarding any disaster-related dispute or issue by calling the Department’s toll-free complaint hotline at 1-866-445-5364, or filing a complaint online here.
For more information, Illinois Company Bulletin 2017-03 can be found here.
About ProSight Specialty Insurance
ProSight Specialty Insurance was founded by CEO Joe Beneducci and has been innovating the commercial property and casualty insurance market since 2009. Creating solutions that help solve customers’ problems, each policy is targeted to enhance customers’ operating performance. ProSight focuses on niche industries, deploying expert underwriters and a world-class claims team. The underwriting members of the ProSight Specialty Insurance (ProSight) group of companies are rated “A” (Excellent) by A.M. Best.