Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
States Dispute Article Questioning AIG Insurance Units’ Finances
Aug 3 2009 // State insurance regulators are criticizing a New York Times article that reported that insurance subsidiaries of American International Group, Inc. “show signs of considerable weakness” and that called into...
New Hampshire Judge Rejects State’s Claim on Malpractice Fund
Jul 31 2009 // A New Hampshire judge has rejected the state’s claim on a $110 million surplus in a fund that underwrites malpractice insurance. The state counted on $65 million of the money to help balance the budget in the fiscal...
Texas Enacts Windstorm Insurance Reforms; Will They Be Enough?
Jul 30 2009 // During the recently completed 81st Legislative Session, the Texas legislature adopted the most significant reforms to the Texas Windstorm Insurance Association (TWIA) since 1997 with the passage of House Bill 4409 (HB...
West Virginia Insurers Fight City Over Forced Debris Removal Escrow Account
Jul 21 2009 // Property insurance companies in West Virginia are finding themselves caught between a rock and a hard place over an ordinance in the city of Huntington that forces them to pay funds on some total fire losses to the city...
Florida’s Citizens Rate Hikes Fall Short of Industry Hopes
Jul 20 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Florida’s Citizens Insurance Proposes to Hike Some Rates, Decrease Others
Jul 9 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Florida’s Crist Caught Between Dueling Officials on Insurance Deregulation
Jun 5 2009 // If Florida Gov. Charlie Crist vetoes a bill designed to deregulate pricing for large national property insurers as appears likely, he will be siding with an appointed official over an influential lawmaker. Crist, who is...
Texas Mutual to Distribute $75M in Individual Policyholder Dividends
Jun 4 2009 // Texas Mutual Insurance Company’s board of directors has approved a $75 million individual policyholder dividend. The company plans to mail dividend checks in late July to approximately 37,000 employers, representing...
Western United to Offer Pay-As-You-Drive Insurance in Nevada
Jun 3 2009 // Western United Insurance Co., which also does business as AAA Nevada Insurance Co., will be offering pay-as-you-drive auto insurance in Nevada. According to the Nevada Division of Insurance, which approved the rate filing,...
California Wildfires: Coverage Disputes May Be Heating Up
Jun 1 2009 // On a number of well-publicized occasions, California homeowners have been ravaged by a series of wildfires with devastating results. Most recently in May in Santa Barbara, for example, the Jesusita Fire burned 80 homes and...
Fireman’s Fund: Focusing on Agents
Jun 1 2009 // CEO LaRocco, Exec Barnard Outline Insurer’s Renewed Strategy to Re-Engage Agents and Deliver Greater Value Weathering today’s economic storm has not been easy for insurance companies. Consumers are more...
SCF Arizona Board Approves $10 Million Dividend
May 21 2009 // SCF Arizona’s Board of Directors has unanimously approved a $10 million dividend for 2008 to qualified policyholders. The Arizona workers’ compensation insurer said SCF the dividend payout marks 38 straight...
Pinnacol Assurance Issues $120 Million in General Dividends
May 20 2009 // Denver-based Pinnacol Assurance, a Colorado source for workers’ compensation insurance, announced it is issuing general dividend checks totaling approximately $120 million to its policyholders. During the past five...
Utah Workers’ Compensation Fund Distributes $10 Million Dividend
May 18 2009 // Utah’s Workers’ Compensation Fund has declared a $10 million dividend that will be distributed to a majority of policyholders in June. Policyholders can expect to receive 4.5 percent of their earned premium...
State Farm to Cut California Auto Insurance Rates
May 14 2009 // State Farm’s 3.3 million California auto insurance policyholders will soon see a decrease in their premiums, as the California Department of Insurance approved an 8 percent, $219 million rate cut. The 8 percent rate...
AIU Offers Hurricane Resources in 2 South Carolina Counties
May 12 2009 // Homeowners in the South Carolina counties of Charleston and Beaufort who purchase homeowners policies from AIU Holdings’ Private Client Group can now access the advanced disaster preparedness and post-hurricane...
Texas Senate Approves Windstorm Bill
May 4 2009 // The Texas Senate approved a new structure for the state’s depleted windstorm insurance fund last week, providing a combination of potential rate hikes, bonding and other revenue to ensure the account gets...
All Policies of Florida’s Coral Insurance To Be Cancelled May 31
Apr 24 2009 // All policies of Florida property insurer Coral Insurance will be cancelled as of May 31, 2009 and any unearned premiums will be returned to policyholders, under a state plan approved by a Leon County judge overseeing the...
California AIG Sylmar Wildfire Survivors To Receive Additional Coverage
Apr 22 2009 // The California Department of Insurance (CDI) has secured between $37 million and $46 million in additional coverage from AIG for Sayre Fire survivors in Sylmar. Commissioner Poizner was joined by Los Angeles City...
The Case for Confronting Fear
Apr 20 2009 // Study Shows Policyholders Eager to Address Economic Crisis With P/C Agents With the parallels being drawn between the nation’s new Administration and President Franklin D. Roosevelt’s Administration during the...
