Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
CALIF. COMMISSIONER OK’S RATE REDUCTION FOR STATE FARM CUSTOMERS:
Apr 18 2005 // California Insurance Commissioner John Garamendi has approved a 4.2 percent reduction in personal auto policy rates for “loyal” State Farm customers, a savings of more than $110 million for those policyholders....
Calif. Commissioner Approves -4.2% Rate Reduction for ‘Loyal’ State Farm Auto Customers
Apr 5 2005 // Insurance Commissioner John Garamendi has approved a -4.2 percent reduction in personal auto policy rates for “loyal” State Farm customers, a savings of more than $110 million for those policyholders. The...
Court Upholds Industry Lawsuit: CDI’s Homeowners Regulations Illegal
Apr 4 2005 // Charges by the California Department of Insurance that the California homeowners insurance industry arbitrarily nonrenews or raises rates on homeowners who file one claim or make an inquiry about their coverage is little...
New GAO Study: U.S. Needs Government Help to Insure for Catastrophes and Terrorism
Mar 31 2005 // A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event or series of...
Fla. CFO Seeks to Clarify Reported Confusion with Storm Claims, Outlines Options to Help Consumers
Mar 30 2005 // Florida’s Chief Financial Officer Tom Gallagher on Wednesday raised concerns with confusing policy language and recommended solutions for helping consumers navigate through their homeowners insurance policies and...
Florida, Alabama Get Tough on Unpaid Claims
Mar 21 2005 // Thousands of irate homeowners mobbed state insurance officials in Florida and Alabama to complain about a wait of more than six months for their claims to be settled from the 2004 hurricanes. Tom Gall-agher, Florida Chief...
STATE FUND FILES 2004 FINANCIAL STATEMENT WITH CDI:
Mar 21 2005 // In an annual statement filed with the California Department of Insurance, State Compensation Insurance Fund documented that its policyholder surplus–assets minus claims reserves and other liabilities–increased...
Victims Ask for Help at Town Hall Meetings; Gallagher to Propose ‘Standard’ Policies
Mar 21 2005 // Tom Gallagher, Florida’s CEO and House Insurance Committee Chair Rep. Dennis A. Ross, R-Lakeland, listened intently to an array of hurricane-related complaints – from families with nowhere to live to homeowners...
Texas Mutual Launches Provider Referral Line
Mar 8 2005 // Texas Mutual Insurance Company announced the launch of its health care provider referral service for policyholders. The toll-free phone number, (800) 381-8067, provides a list of network health care providers for...
FM Global Sees Strong Numbers for 3rd Straight Year
Mar 2 2005 // Commercial and industrial property insurer FM Global has reported a third consecutive year of strong operating performance, with 2004 marking a period in which the company increased its policyholder surplus significantly;...
State Fund Files 2004 Financial Statement with CDI
Mar 2 2005 // In an annual statement filed Wednesday with the California Department of Insurance, State Compensation Insurance Fund documented that its policyholder surplus — assets minus claims reserves and other liabilities...
Utah Court Rules in Favor of Workers Comp Fund
Mar 2 2005 // On Feb. 2, 2005, Utah Third District Judge Leslie A. Lewis ruled in favor of Workers Compensation Fund, dismissing an action brought by the Utah State Auditor. In that action, the State Auditor asserted that WCF was a...
Pa. Officials Reach $85 Million Settlement with Former Reliance Insurance Directors
Feb 25 2005 // Pennsylvania Insurance Commissioner Diane Koken, in her role as statutory liquidator for Reliance Insurance Company, announced today that the department has finalized the negotiation of an $85 million settlement with the...
Calif. Senator Requests Audit into $600 Million Executive Life Settlement
Feb 22 2005 // The chairwoman of a state Senate oversight committee has requested an audit of a $600 million settlement between the state insurance department and defendants accused of fraudulently acquiring the assets of the now-defunct...
Citizens Lost First Round; Stalling Payments Until After Another Court Decision
Feb 21 2005 // Citizens Property Insurance Co. is in the limelight again, this time because it is refusing to pay property losses, even after losing a South Florida appeals court decision. Hurricane Irene brought both wind and water when...
ELAN Calls for State Senate Investigation Into Executive Life Settlement
Feb 16 2005 // The Executive Life Action Network, an activist group of former Executive Life Insurance Co. policyholders, called on California State Senator Jackie Speier, Chairperson of the Senate Insurance Committee, to investigate the...
Citizens Officials Report Their Status to Task Force
Feb 9 2005 // Officials with Citizens Property Insurance Corporation today announced that the state’s insurer of last resort has closed 90 percent of all insurance claims stemming from last year’s devastating storms. The...
Del. Commissioner Denn Seeks to Reshape Insurance Department to Stress Consumer Protection
Feb 9 2005 // Delaware Insurance Commissioner Matt Denn, in his fiscal year 2006 budget presentation to the Joint Finance Committee, outlined plans to reform his office structure in order to focus it on protecting the interests of...
Texas AG Reaches Final Settlement with Insurers for Auto Repair Overcharges
Feb 4 2005 // Texas Attorney General Greg Abbott announced the last two in a five-year series of settlements with various insurance companies to give refunds to Texas policyholders who paid more out of pocket on claims for auto repairs...
Back to the Basics
Jan 24 2005 // E&S Industry Returns to Familiar Ground Neither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From...
