Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Michigan Auto Insurance System, Costs, Insurers Under Fire
Feb 5 2009 // Michigan’s insurance consumer advocate is charging that drivers are paying a high cost for years of state deregulation of insurance and record insurance company profits. Gov. Jennifer Granholm has threatened...
Florida Subpoenas State Farm Policyholder Data for Withdrawal Plan
Jan 30 2009 // Florida Insurance Commissioner Kevin McCarty has issued a subpoena to State Farm Florida Insurance Co. requesting detailed information about the company’s Florida property insurance policyholders. The request comes...
Travelers Reports Solid Q4, Year-End Underwriting; ‘Well Positioned’ for 2009
Jan 27 2009 // The Travelers Companies, Inc. reported net income of $801 million for the quarter ended Dec. 31, 2008, compared to $1.063 billion, for the quarter ended Dec. 31, 2007. Operating income in the current quarter was $939...
California Appeals Court Reverses Pollution Liability Decision
Jan 25 2009 // The 4th District of the California Court of Appeals has reversed a lower court decision in a pollution liability case, State of California v. Continental Insurance Co. et al. The decision is likely to influence courts...
Insurer’s Fire v. Pollution Argument Dismissed in Houston Court
Jan 22 2009 // Ohio-based Great American Insurance Company and its policyholder have reached an agreement with respect to all outstanding issues relating to the availability of excess insurance coverage for lawsuits brought by families...
California Insurance Commissioner Seeks Disability Changes
Jan 21 2009 // For the second time in two months, Insurance Commissioner Steve Poizner is being accused by his predecessor, Lt. Gov. John Garamendi, of proposing regulation changes that will weaken consumer protections. The latest...
Motorists Mutual Enhances Identity Theft Protection for Businesses
Jan 16 2009 // Motorists Mutual Insurance Co. is helping its commercial policyholders guard against identity theft and minimize the financial impact if a breach occurs. The company introduced its Security Breach Response Service provided...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and cascading failures triggered by the financial crisis, companies across the full spectrum of U.S. industry will be looking to their insurance policies for loss mitigation. Fortunately,...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and cascading failures triggered by the financial crisis, companies across the United States will be looking to their insurance policies for loss mitigation. However, recent developments in...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and failures triggered by the financial crisis, companies across the full spectrum of U.S. industry will be looking to their insurance policies for loss mitigation. Fortunately, developments...
California Appeals Court Reverses Pollution Liability Decision
Jan 7 2009 // The 4th District of the California Court of Appeals has reversed a lower court decision in a pollution liability case, State of California v. Continental Insurance Co. et al. Policyholders are entitled to the full policy...
Louisiana Med Liability Insurer to Return 20% Dividend to Policyholders
Dec 30 2008 // Louisiana Medical Mutual Insurance Company reported it will return a 20 percent dividend to all LAMMICO policyholders in Louisiana and Arkansas. Nearly 6,000 policyholders will be affected; the dividend amount is based on...
TWFG Offers to Replace Coverage for Customers of Failed Texas Insurer
Dec 16 2008 // The Woodlands Financial Group (TWFG) announced that TWFG will offer replacement coverage for the homeowners business of Austin Indemnity Lloyds Insurance Company, effective Jan. 29, 2009. TWFG General Agency, a subsidiary...
Texas Regulators to Liquidate Austin Indemnity Lloyds
Dec 15 2008 // The Texas Department of Insurance (TDI) announced it has filed a petition for the liquidation of Austin Indemnity Lloyds Insurance Company (Austin Indemnity). The company sold homeowners and personal auto coverage in...
Texas Windstorm Insurance Association: 63% of Ike Claims Closed
Dec 11 2008 // Texas’ insurer of last resort for wind and hail coverage along the coast reports that 63 percent of claims from Hurricane Ike have been closed and that more than $519 million has been paid to policyholders so...
Premium Rating Errors Cost Auto Insurers $16 Billion, Report Claims
Dec 4 2008 // Premium rating errors by insurance companies resulted in the loss of $16.1 billion of auto insurance premium revenues in 2007, slightly down from the 2006 figure of $16.6 billion — but still almost 10 percent of the...
Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan
Dec 3 2008 // Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to...
Oklahoma Physician Liability Insurer Declares Policyholder Dividends
Nov 21 2008 // Oklahoma City-based Physicians Liability Insurance Company (PLICO), announced it is declaring a dividend for its 2008 policyholders who renew their policies for 2009. The dividend will be either 3 percent or 6 percent of...
California State Fund Extends Credit Relief to Policyholders Affected by Southern California Fires
Nov 19 2008 // The California State Compensation Insurance Fund announced it will extend credit to policyholders who have suffered financial loss or business disruption caused by the fires in Montecito, Orange County and Sylmar. To date,...
Fire Victims Should Seek Safety, Make Contact with Insurers
Nov 18 2008 // As firefighters work to contain the Tea, Sayre, and Freeway Complex fires throughout Southern California, property/casualty insurance companies are on the ground reaching out to policyholders to facilitate immediate...
