Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Attorneys Warn of Impact on Policyholders
Nov 9 2001 // Attorneys who represent insurance policyholders warned House Financial Services Committee Chairman Michael Oxley on Nov. 7 that, “in the rush by the insurance industry to maximize financial gain through legislative...
Ohio Insurance Dept. Appeals Court Ruling on Failed Companies
Oct 29 2001 // Ohio Department of Insurance (ODI) filed an appeal with the Ohio Supreme Court requesting a hearing on the department’s appeal of the Tenth District Ohio Court of Appeals’ ruling on the distribution of assets...
Penn Court Approves Reliance Liquidation
Oct 4 2001 // Pennsylvania Insurance Commissioner Diane Koken admitted defeat Wednesday in her Department’s battle to rehabilitate the 184-year-old Reliance Insurance Company, when Commonwealth Court Judge James Gardner Colins...
Principal Financial Group to Proceed Soon
Oct 2 2001 // The Principal Financial Group has slightly lowered the expected price range for its initial public offering but will hold the stock sale within 30 days as planned, the company said in a filing last week with the U.S....
Fallout From Independent’s Collapse Continues, Regulators Questioned
Sep 30 2001 // What did you know, and when did you know it?” Those questions from the Watergate era are increasingly being asked of the U.K.’s Financial Services Authority, which oversees the country’s insurance...
Fallout From Independent’s Collapse Continues, Regulators Questioned
Sep 3 2001 // What did you know, and when did you know it?” Those questions from the Watergate era are increasingly being asked of the U.K.’s Financial Services Authority, which oversees the country’s insurance...
AIA Warns Established Commercial Contract Language is at Risk
Aug 15 2001 // According to the American Insurance Association (AIA), a policyholder’s attempt to transform a commercial property insurance policy’s condition of coverage language into a grant of coverage for defective...
Report Says Top Insurers Embracing Web for Agent and Policyholder Communication
Aug 14 2001 // Top U.S. insurers are turning to the web to reduce communication costs with both agents and policyholders, says a new report titled “U.S. Insurance & the Web: An Overview” published by Celent...
ERIE Selects DWL to Provide Transactional
Aug 8 2001 // DWL Incorporated, a provider of transactional e-solutions, announced Erie Insurance Group has selected its solution. DWL will provide ERIE with industry-specific portals and a transactional CRM application to create a...
Court Affirms Noninsured Can’t Sue Insurer for Alleged Negligence to Policyholder
Aug 3 2001 // The California Court of Appeal has affirmed a ruling that a person not covered by an insurance policy cannot sue the insurer for alleged negligence for delaying payment to the person who is insured. The ruling in Adelman...
Fallout From Independent’s Collapse Continues,Regulators Questioned
Jul 30 2001 // What did you know, and when did you know it?” Those questions from the Watergate era are increasingly being asked of the U.K.’s Financial Services Authority, which oversees the country’s insurance...
AIG Comments on California Appeals Court Ruling
Jul 20 2001 // A California Court of Appeal has ruled that a suit against CIGNA Corp. and its former subsidiary, Insurance Company of North America (INA) — charging both companies with illegal conduct and fraud — could...
Auto Market Shrinks in New Jersey as Major Carriers Exit
Jul 16 2001 // First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now...
NAII Says Calif. Bill Would Hinder Fraud-Fighting Tactics
Jul 10 2001 // The National Association of Independent Insurers (NAII) announced that the California Assembly Insurance Committee on July 11 will hold a hearing to debate legislation that would impede insurer efforts to investigate...
Independent Investigation Heats Up as PwC Finds $87.8 Million in Unrecorded Claims
Jun 22 2001 // PricewaterhouseCoopers, the provisional liquidators appointed last Monday to sort out the financial mess at the U.K.’s Independent Insurance, have so far uncovered £62 million ($87.8 million) worth of insurance...
State Fund To Become Texas Mutual Insurance Company
Jun 4 2001 // The Texas Workers’ Compensation Insurance Fund will become the Texas Mutual Insurance Company Sept. 1 if Gov. Rick Perry signs the bill authorizing the change. The governor has 20 days from the Legislature’s...
More Troubles in Australia Following HIH Collapse
May 24 2001 // As estimates of its potential losses mount, the collapse of HIH, Australia’s second largest insurer, continues to cause problems for the government, the insurance industry and numerous policy holders. In an effort to...
State Fund Withdraws from Best’s Rating Process
May 13 2001 // “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,...
Prudential Demutualization Plan Moves Forward
May 1 2001 // New Jersey’s Department of Banking and Insurance notified Prudential Insurance Company of America that the company’s application for demutualization has been completed. By finalizing the arrangement, the...
Mutual Holding Company: A Shell Game Without the Pea
Apr 30 2001 // I visited Liberty Mutual’s website recently and read information about the company’s plans to form a mutual holding company. It sounds like a great deal for policyholders: a more efficiently organized,...
