Is windhaven going out of business?
We have ceased all new business and renewal business in all FL and TX programs for Windhaven and the Hearth. We are winding-down our business operations. One of our lenders will foreclose on a number of assets providing collateral for its loan.
Why did windhaven go out of business?
When passing down its verdict, the District Court of Travis County, Texas, revealed WNIC didn’t have the assets to match its liabilities or the $5 million surplus required of insurance companies, according to The Insurance Journal.
What happened to Windhaven?
On March 5, 2020, the District Court for Travis County, 419th Judicial District (Court) found that Windhaven National Insurance Company (WNIC) was insolvent, and placed it into liquidation in Cause No. D-1-GN-20-001052. Click on the following link to the Windhaven National Insurance Company Liquidation Order.
Who took over windhaven insurance?
The Hearth Group
A new managing general agent has taken over the policies of Windhaven Insurance Company subsidiary The Hearth Group and will begin writing new business in Florida and Texas in the near future.
What is the most common type of claim submitted?
These are the most common types of insurance claims filed by insured small businesses:
- Burglary and Theft.
- Water and Freezing Damage.
- Wind and Hail Damage.
- Fire.
- Slips and Falls by Customers.
- Customer Injury and Property Damage.
- Product Liability.
- Struck by an Object.
What are the three types of claim?
Three types of claims are as follows: fact, value, and policy. Claims of fact attempt to establish that something is or is not the case. Claims of value attempt to establish the overall worth, merit, or importance of something. Claims of policy attempt to establish, reinforce, or change a course of action.
How to contact Windhaven insurance company in Florida?
You can call Windhaven Insurance at (800) 919-9114 toll free number, write an email, fill out a contact form on their website www.windhaveninsurance.com, or write a letter to Windhaven Insurance, PO Box 269015, Miami, Florida, 33126, United States.
When did Windhaven National Insurance Company go into liquidation?
Effective March 5, 2020 Windhaven National Insurance Company (“WNIC”) was ordered into liquidation by District Court in Travis County, Texas. The Texas Department of Insurance (“Department”) is the court appointed liquidator of WNIC.
When to send proof of claim to Windhaven?
In order for a claim against the estate of Windhaven to be considered timely-filed, completed proof of claim forms must be submitted and postmarked by January 6, 2021. When is the Department sending out proof of claim forms? On September 30, 2020 the mailing of approximately 55,000 proof of claim forms began via the U.S. Postal Service.
How to file A WNIC claim in Florida?
A policyholder may file a claim in the WNIC receivership for the $100 deductible and for amounts over the cap. Claimants who need to check on the status of an existing claim or to report a new claim should call the Florida Insurance Guaranty Association at (800) 988-1450 (toll-free).