Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
NAII Says N.C. Bills Harmful to Inland Policyholders
Jun 27 2002 // Two bills backed by the North Carolina Department of Insurance that would launch a reinsurance facility for coastal homeowners’ insurance would instead create a subsidy system in which inland policyholders will pay...
NJ, State Farm Agree to Delay Withdrawal for 3 Years
Jun 26 2002 // State Farm Indemnity, New Jersey’s largest auto insurer with around 735,000 policyholders, has reached agreement with the governor and the NJ Department of Banking and Insurance (DOBI) to delay its withdrawal from...
Equitas Reports Small Surplus Decline, Increase in Solvency Margin
Jun 21 2002 // Equitas, the Lloyd’s vehicle set up in 1992 to run off asbestos and environmental claims from prior years, reported a slight drop in its overall surplus of £21 million ($ 31.4 million) to £679 million...
Ohio Department weighs In on Premium Payment Lawsuit
Jun 14 2002 // Ohio Insurance Director Lee Covington has filed a court action seeking to persuade a New Mexico court not to impose another state’s insurance laws and increased costs on Ohio insurance consumers. Covington filed the...
Ohio Director Weighs In on Premium Payment Lawsuit
Jun 13 2002 // Ohio Insurance Director Lee Covington filed a court action seeking to persuade a New Mexico court not to impose another state’s insurance laws and increased costs on Ohio insurance consumers. According to the Ohio...
PA Court Approves Fidelity Mutual Rehabilitation Plan
May 29 2002 // Pennsylvania Insurance Commissioner Diane Koken announced that the Commonwealth Court has approved the Plan of Rehabilitation for the Fidelity Mutual Life Insurance Company. Koken characterized the reorganization of...
Credit Lyonnais Suit Dismissed by Federal Judge
May 13 2002 // A federal judge has thrown out a lawsuit alleging that Credit Lyonnais and others engaged in fraudulent activity in the 1993 acquisition of the assets of the futile Executive Life Insurance Co, according to the Los Angeles...
State Fund Withdraws from Best’s Rating Process
May 13 2002 // “In essence, we’d like to assure all of our policyholders that we are solvent, that we’re still financially strong,” said Jim Zelinski, spokesperson for California State Compensation Insurance Fund,...
Is the Texas Personal Auto Market Another Homeowners in the Making’
Apr 29 2002 // The personal automobile insurance market in Texas may not be approaching the crisis level at which the homeowners market currently finds itself, but signs indicate that it may be in for a rough ride. According to the Texas...
Giving Credit Where Credit is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer. Insurance companies, consumer advocates and regulators just...
Why Credit-Based Insurance Scoring is Good for Consumers
Apr 29 2002 // Credit-based insurance scoring is a reliable, though often misunderstood underwriting tool that helps insurers accurately match the price of their products to the level of risk posed by any given customer. It is...
Giving Credit Where Credit Is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has ever heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot...
FARMERS TO REFUND MILLIONS
Apr 29 2002 // Farmers Insurance Group and the Texas Department of Insurance (TDI) reached an agreement April 15 that stipulates the carrier will refund approximately $15 million to auto policyholders who paid the company too much in...
PIFC Opposing Government Mandation of Private Insurance Company Investments
Apr 23 2002 // The Personal Insurance Federation of California (PIFC) has questioned the intent of a Senate bill that would mandate Federal Community Reinvestment Act (CRA) standards of reporting and investing for California insurance...
AAI Says Neb. Workers’ Comp Bill Would Hurt Policyholders
Apr 5 2002 // A bill that would transfer money from Nebraska’s Compensation Court Cash Fund to the general operating budget is part of a trend of bad public policy that will ultimately hurt policyholders, according to the Alliance...
PIANJ Supports Damage Inspection Changes
Mar 28 2002 // The Professional Insurance Agents of New Jersey announced that it supports the The Department of Banking and Insurance proposal to amend physical damage inspection regulations by giving insurance companies the option not...
Auto Loan/Lease Payoff
Mar 25 2002 // Nuts & Bolts: Progressive Insurance is offering loan/lease payoff auto coverage in Texas. Also known as “gap” insurance, loan/lease payoff coverage pays the difference between what a policyholder owes on...
What Policyholders Don’t Know Can Hurt Them
Mar 25 2002 // The things businesses do not know about their potential liability for what employees do in cyberspace have the potential to become a serious problem. Recent surveys indicate that many businesses do not realize that simply...
Workers’ Comp Texas, A League of its Own
Mar 25 2002 // One of the many singular phenomena that sets Texas apart from the rest of the U.S. is the fact that it is the only state in the Union that does not require its employers to participate in the workers’ compensation...
Workers’ Comp TexasA League of its Own
Mar 25 2002 // One of the many singular phenomena that sets Texas apart from the rest of the U.S. is the fact that it is the only state in the Union that does not require its employers to participate in the workers’ compensation...
