Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Appeals Court Tosses $35M Louisiana Citizens Settlement
May 3 2010 // The 4th Circuit Court of Appeals tossed out the $35 million settlement of two class action lawsuits against Louisiana Citizens Property Insurance Corp., saying the deal was not fair to some policyholders. The ruling could...
Calif. Workers’ Comp Premiums Not Affected By Rating Formula Changes
Apr 29 2010 // A recent report by the Workers Compensation Insurance Rating Bureau of California indicates that total statewide pur premium generated after application of 2010 workers’ compensation experience modifications has not...
ACE USA Creates Data Breach Team, Enhancement Options
Apr 27 2010 // ACE USA, the U.S.-based retail operating division of the ACE Group, has made new enhancements to its privacy protection and network liability protection policies, including a suite of independent data breach specialists...
Appeals Court Tosses $35M Louisiana Citizens Settlement
Apr 23 2010 // The 4th Circuit Court of Appeals tossed out the $35 million settlement of two class action lawsuits against Louisiana Citizens Property Insurance Corp., saying the deal was not fair to some policyholders. The appellate...
Florida’s American Integrity to Sign Insureds of Failed Northern Capital
Apr 16 2010 // Tampa-based American Integrity Insurance Co. said that it would provide insurance coverage for up to 20,000 of the 62,000 customers of Northern Capital Insurance Co., which is being liquidated. American Integrity said it...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves
Apr 15 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
Chartis Offers Policyholders Storage of Electronic Health Records
Apr 12 2010 // Chartis will now offer storage of electronic personal health records to clients worldwide through a strategic alliance with MMR Information Systems. The Chartis insurers will initially offer this access to electronic...
Louisiana Citizens Insurance OKs 7% on Average Rate Hike
Apr 5 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average7 percent statewide. However, rate increases – as well as decreases – will vary widely,...
Are Special Litigation Committee Expenses Covered Costs?
Apr 5 2010 // A Recurring D&O Coverage Issue Heats Up Among perennial directors and officers insurance issues are questions whether policy coverage is available for the costs associated with special litigation committees. A Dec. 30,...
Tennessee Regulators Move to Close ATA Health Insurance Firm
Mar 30 2010 // Tennessee officials are trying to shut down operations of two Robertson County companies accused of defrauding more than 12,000 consumers nationwide who sought affordable health insurance. Some of the $14 million that...
Kentucky Employers Mutual Agrees to $30.8 Million Dividend
Mar 29 2010 // Kentucky’s major workers’ compensation insurance carrier has decided to return some of its surplus to policyholders. The decision comes after several weeks of political pressure. Earlier this month, Gov. Steve...
Insurer Refunds Nearly $1M to New York Policyholders
Mar 24 2010 // Auto insurer Clarendon National Insurance Co. has refunded $992,000 to 1,227 automobile insurance policyholders the company overcharged when it improperly imposed a 30 percent rate hike, the New York State Insurance...
FERMA Concerned about ‘Excessive’ Solvency II Capital Proposals
Mar 15 2010 // A bulletin from the Federation of European Risk Management Associations (FERMA) notes that while it “supports the goal of the Solvency II European insurance regulatory regime, which is to enhance policyholder...
Florida Cabinet Delays Hurricane Fund Assessments
Mar 7 2010 // The Florida Hurricane Catastrophe Fund needs $710 million to continue to pay claims still coming in from 2005’s Hurricane Wilma but it is going to have to wait to assess policyholders to get those funds. The Florida...
Florida Cabinet Delays Hurricane Fund Assessments
Feb 25 2010 // The Florida Hurricane Catastrophe Fund needs $710 million to continue to pay claims still coming in from 2005’s Hurricane Wilma but it is going to have to wait to assess policyholders to get those funds. The Florida...
CompSource Oklahoma Opposes Sale-to-Highest Bidder Bills
Feb 25 2010 // Responding to the recent filing of House Bill 2662 and Senate Bill 2232 in Oklahoma, CompSource Oklahoma, the state’s workers’ compensation fund, opposes both bills, which call for the sale of CompSource to the...
New York Recovered $32.2M for Policyholders Last Year
Feb 24 2010 // New York insurance regulators recovered $32.3 million last year for consumers who complained about insurers’ business practices and claims handling. The Insurance Department investigates approximately 60,000...
Florida Insurer Citizens Finds Inequities in Homeowner Discounts
Feb 22 2010 // Recent policyholder inspections by Citizens Property Insurance Corp. found some homeowners are getting more of a discount for fortifying their homes than they are eligible for. The state-backed insurer looked at 452...
Hanover to Exit Louisiana Homeowners Market, Then Re-Enter
Feb 22 2010 // In a move he says will prevent the addition of policies into Louisiana Citizens Property Insurance Corporation’s book of business, Louisiana Insurance Commissioner Jim Donelon has approved an agreement with The...
Audit Raises Questions About Accuracy of Louisiana Citizens’ Records
Feb 7 2010 // The Louisiana Legislative Auditor’s Office said an audit of Louisiana Citizens Property Insurance Corp. for 2008 found enough problems that it could not issue an opinion on the accuracy of the insurer’s...
