Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Builders Insurance Group Reports Eighth Consecutive Annual Dividend to Policyholders
Jun 9 2004 // Georgia-based Builders Insurance Group announced that it is paying its eighth, consecutive, annual dividend to policyholders. This year’s dividend totals $2.2 million and will be distributed among thousands of...
LWCC PAYS $10 MILLION DIVIDEND:
Jun 7 2004 // The Louisiana Workers’ Compensation Corporation (LWCC) recently distributed its first-ever dividend, returning $10 million to over 21,000 qualifying Louisiana policyholders. LWCC said the distribution was a goal of...
COLORADO POLICYHOLDERS SEEK LAWSUIT OVER AUTO INSURANCE PREMIUMS:
Jun 7 2004 // In a class-action suit, a group of Colorado drivers claim that they have overpaid auto insurance premiums over the past 25 years and that they should be reimbursed for the overcharges. The 2003 suit was filed in Boulder...
Garamendi’s Homeowners’ Bill of Rights Moves Ahead
Jun 7 2004 // California Insurance Commissioner John Garamendi’s “Homeowners’ Bill of Rights” package is continuing to move through the California State Legislature. The four main measures have all moved out of...
The Broker–The Policyholder’s Advocate
Jun 7 2004 // Some large brokerage firms are under siege by New York Attorney General Eliott Spitzer as his investigation scrutinizes the legality of the longstanding practice of Placement Service Agreements (PSAs). This is really about...
Insurance Commissioner Approves Rate Decrease for Auto Club Policyholders
Jun 4 2004 // Insurance Commissioner John Garamendi approved the Automoblie Club of Southern California’s filing to reduce its insurance affiliate’s policy premiums by five percent. The filing, officially made by the...
Utah’s Workers Compensation Fund Announces $20 Million Dividend
Jun 2 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...
After 205 Years, R.I.-Based Providence Washington to Close Its Doors
Jun 1 2004 // Providence Washington Insurance Companies is shutting down after more than two centuries, a victim of financial losses, an inability to raise capital and failure to find a buyer. The Providence, R.I.-based company’s...
NAIC Comments on A.M. Best Insurer Solvency Study
May 28 2004 // A recently published study by the A.M. Best Company, titled Best’s Insolvency Study: Property/Casualty U.S. Insurers, 1969-2002, provides further evidence that the national system of state-based insurance regulation...
Texas Mutual to Pay $50 Million in Dividends
May 27 2004 // Approximately 28,000 Texas employers will receive a share of $50 million in dividends from Texas Mutual Insurance Company. The Texas Mutual board of directors unanimously approved the 2004 dividend plan, which includes an...
Pa. House Backs Bill Addressing Insurance Insolvencies
May 26 2004 // A bill that would reportedly assure that policyholders of insolvent insurance companies would have their claims paid according to the agreed-upon deductible amounts under their policies passed the Pennsylvania House...
LWCC Pays $10 Million Dividend
May 20 2004 // The Louisiana Workers’ Compensation Corporation (LWCC) announced the distribution of its first-ever dividend, returning $10 million to over 21,000 qualifying Louisiana policyholders. This was a goal of the Board of...
Colorado Policyholders Seek Lawsuit over Auto Insurance Premiums
May 17 2004 // A group of Colorado motorists claim they have overpaid auto insurance premiums for the past 25 years and should be reimbursed. Insurance representatives claim if the proposed class-action lawsuit is successful, it could...
N.J. Insurer Proves Putting Customers First Has Its Own Rewards
May 17 2004 // New Jersey Manufacturers Insurance Group doesn’t advertise, does little self-promotion and tells its employees to put good service above growing the company. There are no fancy corner offices, no posh boxes at sports...
Oregon’s SAIF Releases Evaluation in Response to Concerns
May 17 2004 // Oregon’s State Accident Insurance Fund (SAIF) recently released a 10-point self-evaluation in response to Governor Ted Kulongoski’s concerns about the publicly-owned workers’ compensation insurance...
National Flood Reports on Isabel Claims
May 11 2004 // The National Flood Insurance Program has completed reviews of the first group of claims review requests received from policyholders who suffered Hurricane Isabel-related damage. As part of the ongoing review, the National...
PCI Workshop Targets Top Causes of Construction-Related Injuries, Fatalities
May 7 2004 // Deaths from falls and accidental electrocution are the two leading causes of construction-related injuries and fatalities according to experts at the Property Casualty Insurers Association of America’s (PCI) safety...
Personal Insurance Foundation of California Opposed to Most of Homeowners Bill of Rights Package
May 5 2004 // The Personal Insurance Federation of California (PIFC) announced opposition to three of the four measures that make up the “Homeowners Bill of Rights” (HOBOR) package that will be heard in the California...
ACIC Responds to CDI News Conference
May 4 2004 // Sam Sorich, president of the Association of California Insurance Companies (ACIC), released a statement in response to Insurance Commissioner John Garamendi’s recent comments regarding the response of the insurance...
ACIC: Legislation Would Drive Up Homeowners Insurance Costs
May 4 2004 // Pending legislation purported to be pro-consumer would in fact hurt consumers by mandating insurance practices that in the long run would drive up the cost of homeowners insurance, according to the Association of...
