Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
VA’s SCC Temporarily Stops Payments on ROA Claims
May 1 2003 // Virginia’s State Corporation Commission announced that it has temporarily stopped the payment of certain claims by Reciprocal of America (ROA) – a Virginia-domiciled reciprocal that was placed into receivership...
NAII Seeks Changes to Proposed Insurance Scoring Regulations in Delaware
Apr 24 2003 // The National Association of Independent Insurers announced that representatives had appeared at a public hearing held yesterday in Delaware to ensure that the effectiveness of credit-based insurance scoring was not...
Options Open for Exchange Policyholders in Tenn.
Apr 18 2003 // The Tennessee Department of Commerce and Insurance announced that former policyholders of Exchange Insurance Company, which is now under state supervision, now have options in their search to obtain new homeowners...
Let it Hail, Let it Hail, Let it Hail!
Apr 7 2003 // The March 2000 thunderstorm blew in without much warning during the Fort Worth, Texas early evening rush hour. When softball-size hail smashed through the roof of a downtown restaurant, customer Mario Valverde headed for...
TRIA-a Flood of Paper, a Trickle of Buyers
Mar 24 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
NAII Notes Positive Modifications in VA 2003 Insurance Legislation
Mar 17 2003 // “Virginia’s 2003 legislative session ended with the softening of many bills that could have made it much more difficult for insurance companies to conduct business in the state,” said an announcement from...
TRIA – a Flood of Paper, a Trickle of Buyers
Mar 10 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
TDI Seeks to Return $7 Million to Members Mutual Policyholders
Mar 7 2003 // The Texas Department of Insurance is searching for 33,000 Texans, each of whom has a $209.50 check coming as his or her piece of a small insurance company that failed in 1992. According to TDI about $7 million will be...
NAII Says Alaska Study on Use of Credit Scoring is Flawed
Mar 6 2003 // A study commissioned by the Alaska Insurance Division on the use of credit-based insurance scoring did not find a connection between insurance scores and income or ethnicity. Moreover, the report is riddled with...
Senate Privacy Bill Could Impede Progress in Calif. Business Climate
Feb 19 2003 // The Association of California Insurance Companies (ACIC) says a California consumer privacy bill that was set to be heard in the Senate Judiciary Committee Feb. 18 is unnecessary because current state law and department of...
Oregon Cracks Down on Credit Scoring Abuses by Insurers
Jan 31 2003 // Insurance companies will be prohibited from using credit records to cancel or not renew current policyholders under rules adopted by the Oregon Insurance Division. The division developed the rules in response to consumer...
Builders Insurance to Distribute $2.2M in Dividends
Jan 30 2003 // Builders Insurance Group announced it is distributing its seventh consecutive, annual dividend to insureds. This year’s dividend totals $2.2 million and will be distributed among thousands of qualified policyholders...
State Farm to Issue Modified Mold Mailer in Louisiana
Jan 22 2003 // Acting Louisiana Commissioner of Insurance Robert Wooley announced that State Farm will issue new information to Louisiana policyholders clarifying the company’s prior notice on mold and fungus claims. Over the past...
Piedmont Ordered into Liquidation in South Carolina
Dec 31 2002 // The South Carolina Department of Insurance announced that Piedmont Insurance Company recently became the subject of an Order of Liquidation which declared the company insolvent and directed the South Carolina Department of...
State Regulators Rush to Assure Policyholders on Conseco
Dec 19 2002 // The Insurance Departments of several Midwestern states have rushed to assure policyholders that Conseco’s long anticipated bankruptcy filing, announced yesterday, will have minimal impact on their investments. The...
Golden Bear Increases Policyholders Surplus by 40 Percent
Dec 17 2002 // Rupert C. Hall, president of Golden Bear Insurance Company, announced that Golden Bear increased its policyholders surplus by 40 percent. In October of this year, Golden Bear executives had meetings with both the...
NE Ins. Dept., USDA Risk Management Agency Conclude Agreement on American Growers
Dec 12 2002 // L. Tim Wagner, Director of the Nebraska Department of Insurance (NDI), and Ross J. Davidson, Jr., Administrator of USDA’s Risk Management Agency (RMA) announced the signing of a “Memorandum of...
Liquidation Ordered for Aries
Nov 18 2002 // A Leon County (Florida) Circuit Court Judge Janet Ferris ordered liquidation for troubled Miami property and casualty insurance carrier Aries Insurance Company, making way for the use of state guaranty funds to pay...
Afni Insurance Services Releases CSR24 for Agents, Brokers
Nov 18 2002 // Afni Insurance Services has made available CSR24 for agents and brokers using the AMS Prime agency management system. CSR24 now extracts customer, policy, underwriting and coverage data directly from the AMS Prime system...
Accusations Fly as Election Day Nears
Oct 28 2002 // Comparing Republican Insurance Commissioner candidate Gary Mendoza’s consumer protection efforts to an Edsel, Steven Fisher criticized Mendoza’s toll-free help line in a letter to the editor of the Sacramento...
