Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Gulf Ratings Mixed
Aug 9 2004 // Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and financial strength ratings on Gulf Insurance Co. and the other members of Gulf Insurance Group (Gulf) and removed them...
N.J. Auto Reforms Bring Rewards to Drivers
Aug 6 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke recently commended Liberty Mutual’s decision to return nearly $15 million to more than 200,000 policyholders. Liberty Mutual’s decision brings the total...
Anthem Files Lawsuit Against Calif. Commissioner
Aug 4 2004 // Anthem Inc. filed a lawsuit against the California Insurance Commissioner in the Superior Court of the State of California for the County of Los Angeles. The suit seeks to set aside the Commissioner’s decision to...
N.C. Commissioner Signs Race-Based Premium Settlements with Trio of Companies
Jul 29 2004 // North Carolina Insurance Commissioner Jim Long has signed three settlement agreements with companies that reportedly participated in discriminatory rating practices in North Carolina. The settlements with the companies,...
Four ACE Members Agree to $14 Million Settlement
Jul 28 2004 // After four years of litigation, and on the eve of trial, four companies in the ACE insurance group have reportedly agreed to pay $14 million to settle a national class action brought by a company in Lancaster County,...
Ark. DOI Issues Fairness Directive to P/C Insurers
Jul 22 2004 // Acknowledging that Arkansas law imposes minimal restrictions on underwriting, the Arkansas Insurance Department nevertheless announced that it expects property and casualty insurers to give proper attention to the explicit...
ACIC Opposes Plan to Overcharge Policyholders
Jul 21 2004 // The Association of California Insurance Companies (ACIC) is opposed to a Department of Insurance (DOI) proposal that would overcharge policyholders with excessive fees. “The department may exceed its authority under...
One-on-One with Montana State Fund President Laurence Hubbard
Jul 19 2004 // In recent months, Montana lawmakers have been discussing the state’s workers’ comp system, primarily the existence and function of the Montana State Fund. There has been talk of privatizing the Fund, or selling...
ISO: Insurers to Pay Policyholders $1.65 Billion for Q2 CAT Claims
Jul 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.65 billion for insured property-loss claims from six catastrophes affecting 23 states in the second quarter, according to...
AIA Applauds Pa. Key Guaranty Fund Reform
Jul 6 2004 // A new law signed last week by Pennsylvania Governor Ed Rendell marks the successful conclusion of a multi-year effort to fix problems arising from the Reliance Insurance Company insolvency, according to the American...
N.J. Commissioner: Auto Insurance Market Recovering; Drivers Reap Benefits
Jun 28 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke predicted recently that positive financial results for a majority of companies in the auto insurance marketplace will continue to produce returns for New Jersey...
Texas Mutual Holds Policyholder Meeting
Jun 24 2004 // At the recently held Texas Mutual Insurance Company annual policyholder meeting Chairman Martin H. Young Jr. took the opportunity to credit the company’s success to the board of directors, management and all of the...
PCI, AIA Laud Treasury Extension of TRIA Availability; Urge Further Action to Extend Statute
Jun 21 2004 // Both the Property Casualty Insurers Association of America and the American Insurance Association issued bulletins lauding the Treasury Department’s action in extending the availability provisions of the Terrorism...
Changes in Billing Imminent for Colorado Policyholders
Jun 21 2004 // The Colorado Division of Insurance (DOI), responding to a recent state Supreme Court ruling, is expected to issue an emergency regulation requiring insurance companies to change the way that they bill for uninsured and...
CDI RECEIVES $110M ON BEHALF OF EXECUTIVE LIFE POLICYHOLDERS:
Jun 21 2004 // The California Department of Insurance announced it has received $110 million on behalf of California policyholders of insurance sold by Executive Life Insurance Company (ELIC) and its 330,000 former policyholders. The...
CALIF. SCIF: 7 PERCENT RATE DECREASE EFFECTIVE JULY 1:
Jun 21 2004 // State Compensation Insurance Fund announced a seven percent rate decrease on new and renewal policies with an effective date on or after July 1, 2004. The decrease is a result of the cost saving reforms adopted by the...
UTAH’S COMP FUND ANNOUNCES $20 MILLION DIVIDEND:
Jun 21 2004 // Salt Lake City-based Workers Compensation Fund announced that it will pay dividends totaling $20 million to policyholders this year. All eligible policyholders, regardless of company or policy size, will receive a portion...
Oregon Attorney Could Win Millions from SAIF Measure
Jun 15 2004 // A proposed ballot measure for the November elections that would dismantle the public company that provides worker compensation insurance could make millions for a Portland attorney and his law firm. Call it the DiLorenzo...
ANICO to Pay $3 Million in Additional Benefits for Policyholders Affected by Race-Based Pricing
Jun 14 2004 // Texas Insurance Commissioner Jose Montemayor announced that Texas-based American National Insurance Company (ANICO) has agreed to provide an estimated $3.2 million to $3.5 million in additional benefits to African-American...
Mass. Lawmakers Approve Commercial Deregulation
Jun 11 2004 // The Massachusetts House and Senate have both approved legislation to deregulate insurance rates and forms for certain large commercial risks. The measure permits commercial accounts with more than $30,000 in premium that...
