Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Oklahoma Charges Former Agent with Embezzlement, Unlawful Insurance Sales
Jan 12 2012 // The Oklahoma insurance regulators announced that a Tulsa area man has been charged unlawfully selling health insurance to Oklahoma customers. The Oklahoma Insurance Department said Terry L. McCrackin, 64, was charged in...
More Louisiana Property Owners Move to Private Insurers
Jan 9 2012 // Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes. For policyholders of Louisiana...
Louisiana Citizens Owes More than $100M to Policyholders, High Court Says
Jan 9 2012 // Louisiana’s highest court has reinstated a nearly $100 million judgment against the state’s property insurer of last resort in a class action lawsuit stemming from Hurricane Katrina in 2005. The Louisiana...
Higher Homeowners Insurance Rates on the Horizon in Texas
Jan 9 2012 // Two insurers that together hold the lion’s share of the homeowners insurance market in Texas are either in the process of raising rates or have filed for increases. Insurance Commissioner Eleanor Kitzman on Dec. 1,...
Insolvent Missouri Insurers to Be Managed by Farm Bureau
Jan 9 2012 // A Barton County, Mo., judge in December 2011 approved a proposal to allow Missouri Farm Bureau to assume operations of three small insurance companies that became insolvent after paying claims from the May 22 Joplin...
Report: Liberty Mutual Failed in Bid to Buy Harleysville
Jan 6 2012 // It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last...
Oklahoma Commissioner Disappointed in Denial of MLR Waiver Request
Jan 5 2012 // Oklahoma’s top insurance regulator believes the medical insurance market is headed for “disruption” as a result of the medical loss ratio component of federal health insurance reform After...
Maryland Court: Premium Financing Firms Overcharged Auto Policyholders
Dec 30 2011 // A Maryland court ruled last week that the state’s largest premium financing companies were engaged in illegal financing practices against auto insurance policyholders. In Maryland, most auto insurance policyholders...
Catastrophes Erode P/C Insurers’ Results for 9 Months of 2011
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
Louisiana Citizens Owes More than $100M to Policyholders, High Court Says
Dec 20 2011 // Louisiana’s highest court has reinstated a nearly $100 million judgment against the state’s property insurer of last resort in a class action lawsuit stemming from Hurricane Katrina in 2005. The Louisiana...
The Costs of the Financial Crisis for Policyholders
Dec 16 2011 // When examining the consequences of the financial crisis on the insurance industry it is important to differentiate between direct and indirect effects on one hand, and short- and medium-term ramifications on the...
Florida Turns to Surplus Lines to Help Depopulate Citizens
Dec 9 2011 // Florida lawmakers are considering allowing surplus lines carriers to participate in the depopulation programs of the state’s largest homeowner insurer in an effort to reduce its policyholder rolls. Citizens Property...
3 Small Insurers Placed into Receivership in Missouri
Dec 8 2011 // A Barton County, Mo., judge has placed a group of three small insurance companies into receivership, after claims from the Joplin tornado left the group insolvent, the Missouri Department of Insurance reported. Missouri...
Florida Gov. Scott Questions Citizens Insuring High-Risk Construction
Dec 8 2011 // Gov. Rick Scott said he is concerned about Florida’s state-backed property insurer providing discounted coverage on new construction projects in high-risk areas. Scott questioned Citizens Property Insurance Corp....
Florida’s Citizens Insurance Says Legislation Needed for Real Change
Dec 6 2011 // Florida’s largest homeowner insurer is offering a slate of coverage changes, but concedes that without legislative changes there will be little reduction in its exposure or policyholder count. Gov. Rick Scott last...
Louisiana Commissioner Urges Policyholders to Claim Citizens Rebate
Dec 5 2011 // Louisiana Insurance Commissioner Jim Donelon and Department of Revenue Deputy Assistant Secretary Gary Matherne are urging those who have had a property and casualty insurance policy on their property during the last four...
California’s State Fund Declares $50 Million in Dividends for Policyholders
Dec 5 2011 // California’s State Compensation Insurance Fund recently announced plans to disburse a $50 million dividend to qualifying policyholders in the form of a premium credit amounting to roughly 5.2 percent of estimated...
State Farm Hikes Homeowner Policy Rates, Deductibles in Texas
Dec 2 2011 // A new insurance commissioner has allowed State Farm to charge higher rates and deductibles in Texas. State Farm Insurance on Dec. 1 was authorized to switch many of its 1.2 million homeowner policies to a higher...
Insurer Must Pay for Florida Rental Car Crash by Unauthorized Driver
Nov 28 2011 // A Florida rental car customer’s auto insurer must cover crash injuries, even though the driver was someone not authorized under the rental car company’s contact. In a 5-2 opinion on Nov. 23, the Florida Supreme...
Kentucky Contractors Self-Insurance Fund Pays out Millions in Dividends
Nov 21 2011 // General contractors in Kentucky who purchase their workers’ compensation insurance through an industry-run risk pool are slated to see millions in policyholder dividends. The Kentucky Associated General Contractors...
