Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
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...
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...
