Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Royal Sun U.S. Buyout Can Proceed Subject to Conditions
Feb 21 2007 // Delaware Insurance Commissioner Matthew Denn has conditionally approved a management buyout of Royal & Sun Alliance Insurance Group’s U.S. operations, even while chastising the company’s British parent for...
Miss. Commissioner, AG Upset Over State Farm Cutback
Feb 15 2007 // Mississippi officials are concerned about the effect State Farm’s decision to curtail its insurance writings will have on rebuilding efforts and remaining insurance markets. State Farm, Mississippi’s largest...
Florida Insurers Fight Emergency Rule
Feb 14 2007 // Insurance companies are seeking to invalidate an emergency rule adopted last month by the Florida Financial Services Commission that restricts their right to price and drop homeowners policies. The rule, 690ER07-01,...
Fla.: Citizens Tornado Claims Payments Top $500,000
Feb 8 2007 // Citizens Property Insurance Corp. paid out more than $520,000 in claims payments to policyholders affected by the Feb. 2 storms according to a company official. “We’ve paid $521,951 in damage claims and have...
Royal & Sun Management Buyout Clears Hurdle; Final OK Expected
Feb 5 2007 // A state hearing officer recommended Friday that Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S....
State Farm Won’t Renew 2,600 Policies in Alabama Beach Towns
Feb 5 2007 // Facing hundreds of hurricane-damage lawsuits on the Mississippi coast, State Farm Fire and Casualty Co. cited back-to-back years of storm losses in announcing Friday it will not renew coverage for about 2,600 policyholders...
N. D. Judge Dismisses Lawsuit Against Fargo Insurance Company
Feb 2 2007 // A North Dakota judge has dismissed a lawsuit that sought to change the way one of the state’s largest insurance companies picks its board of directors. Northwest District Judge Douglas Mattson of Minot ruled against...
LIRC says Citizens can raise rates
Jan 29 2007 // Louisiana’s state-run insurer won approval for big rate increases on Jan. 17, 2007, meaning double- and triple-digit hikes in insurance costs for homeowners and businesses along the coast. The increases for Citizens...
Miss. Could Have Policyholder Bill of Rights by April
Jan 29 2007 // Mississippi Insurance Commissioner George Dale held a public hearing on a proposed insurance bill of rights, saying the provisions would help policyholders understand exactly what coverage they have. Dale hopes to have the...
Royal & Sun Alliance management buyout faces opposition
Jan 28 2007 // New York Sens. Hillary Clinton and Charles Schumer, along with New York City Mayor Michael Bloomberg, have expressed concerns that the deal may leave Royal Indemnity unable to meet its obligations. A proposed management...
LIRC says Citizens can raise rates
Jan 28 2007 // Louisiana’s state-run insurer won approval for big rate increases on Jan. 17, 2007, meaning double- and triple-digit hikes in insurance costs for homeowners and businesses along the coast. The increases for Citizens...
State Farm Storm Surge Settlement Could Scare Insurers from Mississippi Market
Jan 26 2007 // A landmark legal settlement with State Farm Fire & Casualty Co. promises to jump-start the rebuilding process for thousands of Mississippi homeowners devastated by Hurricane Katrina, but critics warn the deal could...
Calif. State Fund Offers Credit Extension for Cold Snap
Jan 25 2007 // California’s State Compensation Insurance Fraud said it will be extending credit terms to policyholders who have suffered a financial loss or business disruption from the widespread freezing weather across the state...
State Farm Settles Miss. Katrina Lawsuits; Agrees to Reopen Other Miss. Claims
Jan 24 2007 // State Farm Insurance has agreed to settle a Mississippi class action brought by more than 600 policyholders involving property claims related to Hurricane Katrina and reopen thousands of additional Katrina claims. There is...
Ex-State Farm Adjusters Tell Miss. Grand Jury of Katrina Claims
Jan 23 2007 // A Mississippi grand jury probing State Farm Insurance Co.’s handling of claims after Hurricane Katrina heard testimony this week from two sisters who turned over reams of internal claims records to investigators...
Royal & Sun Alliance Management Buyout Faces Opposition
Jan 22 2007 // A proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S. operations could leave policyholders in jeopardy, according to critics trying to halt the deal that is before...
La.’s Citizens Gets OK to Raise Rates
Jan 19 2007 // Louisiana’s state-run insurer won approval for big rate increases on Jan. 17, meaning double- and triple-digit hikes in insurance costs for homeowners and businesses along the coast. The increases for Citizens...
Judge Orders 83 Katrina Claims Cases, Including Sen. Lott’s, to Mediation
Jan 11 2007 // A federal judge on Wednesday ordered into mediation dozens of lawsuits policyholders filed against insurance companies after Hurricane Katrina. Several of the cases sent to mediation, which accuse the insurance companies...
Miss. Jury Hears Opening Statements in Katrina Suit Against State Farm
Jan 10 2007 // Even as the Mississippi attorney general negotiates a potential settlement with State Farm Fire & Casualty Co., an eight-person jury began hearing opening statements Tuesday in one of hundreds of insurance lawsuits...
A New President – and a New Era – For R.I.’s Beacon Mutual
Jan 5 2007 // James V. Rosati, a banking and investment executive and current chairman of the R.I. Airport Corp., has been selected to serve as president and chief executive officer of Beacon Mutual Insurance Co., Rhode Island’s...
