Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Hanover Wants to Shift Some Louisiana Policyholders
Feb 5 2010 // The Hanover Insurance Group has asked state insurance regulators for permission to shut down two of the three property insurance companies it operates in Louisiana and shift about half of the affected 15,500 policyholders...
Real Change for a Real Choice in Florida
Jan 27 2010 // A January 2010 opinion editorial, “Don’t deregulate insurance: Consumers only ‘choice’ would be bad” bylined by three consumer advocates totally misses the mark on the benefits of the Consumer...
Safety Agrees to Change Motorcycle Premium Calculations in Massachusetts
Jan 15 2010 // Boston-based insurer Safety Insurance Group Inc. said it has reached an agreement with the Massachusetts Attorney General’s office to change the way in which it calculated motorcycle insurance premiums for certain...
Louisiana Medical Mutual Declares 10% Dividend to All Policyholders
Jan 7 2010 // For the third consecutive year, the Louisiana Medical Mutual Insurance Company will be returning a dividend to all LAMMICO policyholders in Louisiana and Arkansas. Nearly 6,000 policyholders will receive a 10 percent...
Motorists Insurance Creates Agent and Policyholder Services Division
Dec 30 2009 // Columbus, Ohio-based Motorists Insurance Group has created a new division to focus resources on agent-facing technology, agency interface priorities and develop call center best practices for all companies in the group. In...
P/C Industry’s Net Income Up; Combined Ratio at 100.7 for Q3
Dec 22 2009 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6...
Louisiana Workers’ Compensation Corporation Declares $15M Dividend
Dec 17 2009 // The Board of Directors of Louisiana Workers’ Compensation Corporation (LWCC) has declared a 2009 dividend of $15 million, to be paid to qualifying policyholders in early 2010 upon authorization by the Louisiana...
State Farm Appeals $310M Refund Order
Dec 6 2009 // The six-year battle between the Texas Department of Insurance and State Farm Lloyd’s (SFL) over homeowners insurance rates that TDI says are excessive is destined to continue. State Farm appealed an order signed by...
Missouri to Distribute $75M to General American Policyholders
Nov 25 2009 // More than 300,000 current and former policyholders of General American Life Insurance Co. will soon receive $75 million in distribution payments, according to the Missouri Department of Insurance. In 1999, the Missouri DOI...
State Farm Owes $310M in Refunds, Texas Regulators Say
Nov 17 2009 // The Texas Department of Insurance has ordered State Farm Lloyd’s (SFL) to refund a total of $310 million to policyholders after finding that the insurer had overcharged customers beginning in 2003. It’s a...
New Policyholders Split $1M Texas Mutual Dividend Payout
Nov 11 2009 // Workers’ compensation insurance provider, Texas Mutual Insurance Company, has begun distributing approximately $1 million in dividends among nearly 2,600 first-year policyholders across the state. In total, Texas...
Arizona Fines Aetna for Multiple Violations
Nov 4 2009 // The Arizona Department of Insurance has fined Aetna Life Insurance Company and Aetna Health, Inc., after examination of their practices exposed multiple violations of Arizona insurance laws. The department has ordered the...
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 1 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of...
Homeowners Choice to Pick Up American Keystone Business in Florida
Oct 30 2009 // Homeowners Choice, Inc. reports it has been selected as the replacement home insurer for policyholders of American Keystone Insurance Co., which was placed into receivership earlier this month. All of American...
Blame Shifting Begins Over Costlier Auto Insurance in Wisconsin
Oct 27 2009 // As insurance companies begin mailing notices to Wisconsin customers telling them that their premiums are likely to increase soon, state politicians are scrambling to avoid the blame. The first changes expected to affect...
Illinois Suspends Operations of Medical Liability Insurer
Oct 23 2009 // Illinois Director of Insurance Michael McRaith has suspended the operations of medical liability insurer Professional Liability Insurance Company of America (PLICA). Under the Department of Insurance order dated Oct. 22,...
Pinnacol Chief Blasts Colorado State Legislators’ Hearings
Oct 20 2009 // The chief executive of Pinnacol Assurance contends that the interim committee hearings investigating the state workers’ compensation insurer were biased in favor of injured workers. The committee, which was comprised...
New Hampshire Argues Claim to $110M Malpractice Fund
Oct 15 2009 // New Hampshire will ask the state Supreme Court today to support its claim to $110 million in surplus from a fund that underwrites malpractice insurance. The central question is whether the fund’s policyholders have a...
Arguments For and Against Credit Scores Begin in Michigan Court
Oct 9 2009 // Attorneys on both sides of the issue argued before the Michigan Supreme Court on Oct. 7 as to whether insurance companies should be allowed to use credit history in setting auto and home premium rates. The practice was...
New York Med Mal Insurer Reducing Buy-in for New Policyholders
Oct 8 2009 // J. M. Woodworth RRG, Inc., a medical malpractice Risk Retention Group that insures physicians and surgeons in New York, is reducing the capital new policyholders are required to pay by 83 percent through the end of this...
