Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Employers, Fremont Report Q2 2003 Results
Sep 30 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly-owned subsidiary Fremont Employers Insurance Company (“FEIC”) (collectively “the Company”), leading...
$585 Million Settlement at Hand in Credit Lyonnais/ELIC Fraud Case
Sep 22 2003 // Nothing apparently concentrates the corporate mind so effectively as being named in a criminal complaint. A week after a federal grand jury in Los Angeles issued a sealed indictment which reportedly accused it, and...
U.S. Attorney Lauds Pa. Commissioner for Help in Fraud Case – Receives $9.2 Million
Sep 2 2003 // Pennsylvania’s Insurance Commissioner, Diane Koken received praise from Patrick Meehan, United States Attorney for the Eastern District, for the help her Department gave federal prosecutors investigating Allen W....
Texas Ag, Farmers Make a Deal:
Aug 18 2003 // According to Texas Attorney General Greg Abbott, the state reached a settlement with Farmers Insurance Group that requires the company to refund an estimated $2.4 million to about 13,000 Texas motorists who may have paid...
N.J. Commissioner Calls for Hearing on Availability of Med-Mal Reinsurance
Jul 31 2003 // New Jersey Commissioner Holly Bakke of the Department of Banking and Insurance recently called for a hearing to determine the availability of medical malpractice reinsurance in the New Jersey marketplace. Her announcement...
Schiff’s Expose of John Hancock Financial Services Reportedly Uncovers Deceptive Practices
Jul 30 2003 // In the process of securing policyholders’ confidence and votes for its January 2000 demutualization, John Hancock, through a complex series of actions and omissions, deceived its policyholders into acting against...
Texas AG Reports Auto Repair Refund Deal with Farmers
Jul 29 2003 // According to Texas Attorney General Greg Abbott, the state has reached a settlement with Farmers Insurance Group that requires the company to refund an estimated $2.4 million to about 13,000 Texas motorists who may have...
AIG Postpones N.J. Withdrawal Plan in Response to Auto Reforms
Jul 16 2003 // New Jersey Banking and Insurance Commissioner Holly Bakke announced a broad-ranging agreement recently to protect consumer access to automobile insurance in New Jersey, in which subsidiaries of American International Group...
PIANY Notes Passage of Policyholder Protection Bill
Jun 24 2003 // The Professional Insurance Agents of New York noted that both houses of the State Legislature have passed a bill, initiated by the PIANY, to help agents help their clients by strengthening policyholder protection. The...
OKLA. AGENCY IN SUPERVISION:
Jun 23 2003 // Oklahoma Insurance Commissioner Carroll Fisher placed a Bethany insurance agency under supervision after charges surfaced that its owner may have stolen more than $100,000 from her customers in the form of hidden refunds....
Onerous Calif. Financial Privacy Bill Heard in Assembly
Jun 18 2003 // A Senate bill that would reportedly create the country’s most restrictive privacy standards passed the full Senate and is pending in the Assembly, where it was heard June 17 in the Assembly Banking and Finance...
S&P Report Finds French Market is ‘Stable’
Jun 18 2003 // A report on the French insurance market released by Standard & Poor’s Ratings Services calls the outlook in both the life and P/C sectors “stable.” S&P had previously classed the P/C...
Oklahoma Agency Placed Into Supervision
Jun 16 2003 // Oklahoma Insurance Commissioner Carroll Fisher placed a Bethany insurance agency into supervision after learning that its owner may have stolen more than $100,000 from her customers in the form of refunds she hid from...
N.M. COURT OF APPEALS REJECTS AUTO LIABILITY:
Jun 9 2003 // The New Mexico Court of Appeals recently rejected the theory of liability stacking with regard to automobile insurance, the American Insurance Association (AIA) reported. In the case of Linda Ann Slack, et al. v. James...
FARMERS SETTLEMENT APPROVED:
Jun 9 2003 // State District Judge Scott Jenkins gave preliminary approval to the $117.5 million settlement between the State of Texas and Farmers Insurance. The record settlement is the result of action taken by the Texas Office of...
Calif. Business Owner Wins Appeal Against Lloyds of London
Jun 4 2003 // The California Court of Appeal recently ruled that Lloyd’s of London could not force a self-employed plumbing contractor to arbitrate his claim for bad faith denial of disability insurance benefits. Trial Lawyers for...
Afni Services Delivers 24/7 Service to DORIS Customers
Jun 2 2003 // DORIS Insurance Systems and Afni Insurance Services have formed a partnership to deliver 24/7 service capabilities to DORIS customers. DORIS selected CSR24 from Afni Insurance Services as its 24/7 service and is making it...
Penna. Commissioner Urges Policyholders to Review Policies on Weather Related Losses
May 30 2003 // Pennsylvania Insurance Commissioner Diane Koken has issued an announcement urging the state’s consumers to review their insurance policies for information on coverage of property damage from weather-related...
N.M. Court of Appeals Rejects Auto Liability Stacking
May 12 2003 // The New Mexico Court of Appeals recently rejected the theory of liability stacking with regard to automobile insurance, the American Insurance Association (AIA) reported. In the case of Linda Ann Slack, et al. v. James...
NAII Says No-Fault Reform Legislation is No Bargain for Colo. Residents
May 5 2003 // Colorado’s major automobile insurers are reportedly urging lawmakers to reject a last ditch no-fault auto insurance reform plan that would offer no cost saving for policyholders. Members of the National Association...
