Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
The Real Truth About Credit Scoring
Mar 25 2002 // The insurance industry would like the public to believe they have found the holy grail of underwriting: credit scores. Since they now have this vehicle to make sure that only good drivers get good rates and bad ones pay...
Wash. Bill Restricting Credit-Based Scores Awaits Gov.’s Signature
Mar 7 2002 // The state Senate has passed legislation restricting insurers’ use of credit-based insurance scores in Washington. House Bill 2544 passed the Senate March 4 by a 36 to 11 vote and now goes to Gov. Gary Locke, a...
Decision Nears for Credit Lyonnais in ExecutiveLife Case
Feb 25 2002 // To prosecute, or not to prosecute. The U.S. Department of Justice continues to face that dilemma in its ongoing investigation of French bank Credit Lyonnais’ (CL) role in the takeover of Calif.-based Executive Life...
A.M. Best Gives Builders Ins. Group ‘A-‘
Feb 25 2002 // Builders Insurance Group. was assigned an “A-” (Excellent), FSC VI rating by A.M. Best Co. Builders Insurance Group, headquartered in Atlanta, includes two insuring entities, Builders Insurance (a Mutual...
Policyholders Launch Coalition to Seek Passage of Terrorism Insurance Plan
Feb 14 2002 // A number of leading trade associations and individual companies have joined together to speak for business insurance policyholders as part of a continuing effort to win passage of a terrorism insurance plan on Capitol...
Neb. Says No to Some Terror Exclusions, Yes to Those for Mold
Feb 13 2002 // The Nebraska Department of Insurance Director Tim Wagner announced that the department plans to disapprove personal lines exclusions for losses arising from terrorism, including exclusions for so-called nuclear and...
IFM Reports Credit Scoring Ban Bad for Consumers
Feb 8 2002 // Credit scoring saves money for a majority of Minnesotans and is fair, Bob Johnson, executive vice president, of the Insurance Federation of Minnesota (IFM) testified Feb. 5 to a legislative panel considering a ban on...
U.K.’s Equitable Receives Policyholder Accord on GAR Plan
Jan 29 2002 // Policyholders, including representatives of some 6000 pension funds, overwhelmingly approved a proposal by the U.K.’s beleaguered Equitable Life to accept a compromise cap on Guaranteed Annuity Rate policies that...
It Couldn’t Be Done: A Policyholder’s Idea To Reinvigorate Third Party Bad Faith
Jan 28 2002 // The Setting Throughout the 1980’s and early 1990’s, the risk of bad faith liability was a major factor in evaluating third party claims for coverage. Ever increasing jury verdicts led to many inflated...
E&S Lines Basking in the Warm Glow of a Hard Market
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
E&S Lines Basking in the Warm Glow of a
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Evolving HO Policies Prompt Montemayor to Issue Consumer Alert
Jan 14 2002 // Homeowners insurance policies in Texas are rapidly evolving. As a result, Texas Insurance Commissioner Jose Montemayor warned the state’s homeowners policyholders to carefully review their policy renewals to...
Penn National Launches New Web Services for Agents, Policyholders
Jan 8 2002 // Penn National Insurance announced the launch of several new Web-delivered tools and services for its policyholders and agents today, including pay-by-Web and pay-by-phone options. New links labeled “For...
U.K. Insurers to Pay $216 Million Levy
Jan 8 2002 // The U.K.’s Financial Services Administration (FSA) will ask Britain’s general insurers to pay a levy of 0.66 percent of their premium income in order to raise £150 million ($216 million) to pay the claims...
21st Century Insurance Co. Part of Season
Dec 24 2001 // To make the holidays more meaningful and personal after the tragedy of Sept. 11th, California-based 21st Century Insurance Company decided to let their employees and policyholders participate in choosing charities to...
Balking on Refund Plan for Overcharges, Farmers Says it’s Negotiating
Dec 17 2001 // Farmers Insurance Group, the third-largest auto insurer in Texas, has yet to agree to refund an estimated $8 to $10 million to policyholders it admitted overcharging, stating instead that it is continuing to negotiate a...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
California Drivers to See Some Auto Rate Increases in the New Year
Dec 10 2001 // Auto insurers across the state are making a beeline for Sacramento with their Christmas wish list for rate hikes following several years of rate cuts for California motorists. Those insurers who were chopping rates two or...
Calif. Industry Said to Be Prepared for Future Disasters
Dec 6 2001 // Representatives of the insurance industry testified Wednesday before the California Assembly Insurance Committee concerning insurance and reinsurance after the attack on America. They noted that the Sept. 11 attack was...
Liberty Mutual Policyholders Approve Mutual Holding Company Plan
Nov 13 2001 // Liberty Mutual Group announced that policyholders of Liberty Mutual Insurance Company and Liberty Mutual Fire Insurance Company have overwhelmingly approved the company’s mutual holding company plan during special...
