Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Judge Upholds Plan to Smoothly Transition Poe Policyholders
Jun 16 2006 // Leon County Circuit Judge Janet Ferris has reaffirmed her approval of the Florida Department of Financial Services’ plan to protect and to smoothly transition nearly 330,000 policyholders with Atlantic Preferred,...
La. Commissioner Seeks to Extend Time to Sue Over Katrina/Rita Claims
Jun 6 2006 // Louisiana Commissioner of Insurance Jim Donelon has issued Advisory Letter 06-04 to the approximate 100 companies with homeowners insurance policies in Louisiana, requesting their cooperation in extending from one to two...
Texas Mutual to Pay $100M in Dividends
Jun 1 2006 // Approximately 34,000 Texas employers will receive a share of approximately $100 million in dividends from Texas Mutual Insurance Company. This marks the largest dividend payout in the company’s history. The Texas...
Class Action Suit Filed in New Orleans Against 15 Homeowners Insurers
Jun 1 2006 // A class action lawsuit was filed in the United States District Court for the Eastern District of Louisiana on May 24, 2006, on behalf of Greater New Orleans Metropolitan Area homeowners insurance policyholders who have...
California Considering New Mileage Verification Rules
May 31 2006 // Insurance brokers and agents could be required to verify odometer readings for new and renewal automobile insurance policies under amendments the California Department of Insurance (CDI) has proposed to its personal...
Texas Windstorm Association to Increase Rates
May 30 2006 // Texas Insurance Commissioner Mike Geeslin on May 26 signed a Commissioner’s Order allowing the Texas Windstorm Insurance Association (TWIA) to increase rates for residential homeowners’ wind coverage by 3.1...
Okla. Couple Awarded $13 Million in Lawsuit Against State Farm
May 30 2006 // An Oklahoma couple was awarded nearly $13 million in a class-action lawsuit after a jury ruled that State Farm Fire & Casualty Co. intentionally underpaid claims from families whose homes were damaged by tornadoes...
State Farm Refusing Appraisal in Miss., Despite its Own Policy Language
May 25 2006 // State Farm Fire and Casualty Co. refuses to engage in the appraisal process in Mississippi to resolve Hurricane Katrina claims, even though its own policy mandates appraisal on demand when the amount of an insured loss is...
Dale Sets Public Hearing on Proposed Miss. Windpool Rate Increase
May 25 2006 // Insurance Commissioner George Dale has scheduled for June 5 a public hearing in Jackson, Miss. on a proposed rate increase by the Mississippi Windstorm Underwriting Association, which provides coverage for high-risk homes...
Floridians Upset Over Citizens Increases
May 22 2006 // Marci L. Rose’s home and rental properties escaped serious damage when hurricanes battered the state in 2004 and 2005, but she might lose them anyway. Like thousands of Floridians, the Key West real estate attorney...
Fla. legislative package targets Citizens deficits, mitigation; establishes oversight policies
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
A tale of two New Orleans hotels
May 22 2006 // If there’s anything to be learned from last year’s hurricanes Katrina, Rita and Wilma, it’s that the value of relationships before, during and after a claim is immeasurable, according to Mel Bangs,...
Citizens Property Insurance Increases Upset Policyholders in Florida
May 15 2006 // Marci L. Rose’s home and rental properties in Key West, Fla. escaped serious damage when hurricanes battered the state in 2004 and 2005, but she might lose them anyway. Like thousands of Floridians, the real estate...
Scruggs Sues Allstate for Denying Katrina Claims
May 15 2006 // Allstate Insurance Co. has been sued for allegedly denying rightful claims of hurricane-damaged homes. Lawyer Richard Scruggs filed the lawsuit Friday in federal court on behalf of 310 Allstate policyholders allegedly...
Tobacco-trial Lawyer ‘Poster Child’ for Katrina Insurance
May 10 2006 // A private jet is waiting for Richard Scruggs, but first the millionaire lawyer wants to squeeze in a quick lunch. Smiles and nods greet him as he walks into Lu-Cher Doe’s Diner, a soul food restaurant down the street...
$80 million settlement reached in bid-rigging case with Ill., Conn., N.Y.
May 8 2006 // Attorney General Lisa Madigan, of Illinois, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal recently announced an $80 million settlement agreement with Bermuda-based holding...
ACE settles bid-rigging case for $80 million
May 8 2006 // Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal announced an $80 million settlement agreement with Bermuda-based holding company ACE Limited, and...
$80 million settlement reached in bid-rigging case with Ill., Conn., N.Y.
May 8 2006 // Attorney General Lisa Madigan, of Illinois, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal recently announced an $80 million settlement agreement with Bermuda-based holding...
News Currents
May 8 2006 // ACE settles bid-rigging case for $80 million Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal announced an $80 million settlement agreement with...
Agents’ Group Answers Nine Questions About Poe Financial, Its Subsidiaries
May 5 2006 // Nine questions and answers about the receivership and status of Poe Financial Corp.’s subsidiaries Southern Family and Atlantic Preferred have been provided to Professional Insurance Agents of Florida members who...
