Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Insurer’s Fire v. Pollution Argument Dismissed in Houston Court
Jan 22 2009 // Ohio-based Great American Insurance Company and its policyholder have reached an agreement with respect to all outstanding issues relating to the availability of excess insurance coverage for lawsuits brought by families...
California Insurance Commissioner Seeks Disability Changes
Jan 21 2009 // For the second time in two months, Insurance Commissioner Steve Poizner is being accused by his predecessor, Lt. Gov. John Garamendi, of proposing regulation changes that will weaken consumer protections. The latest...
Motorists Mutual Enhances Identity Theft Protection for Businesses
Jan 16 2009 // Motorists Mutual Insurance Co. is helping its commercial policyholders guard against identity theft and minimize the financial impact if a breach occurs. The company introduced its Security Breach Response Service provided...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and cascading failures triggered by the financial crisis, companies across the full spectrum of U.S. industry will be looking to their insurance policies for loss mitigation. Fortunately,...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and cascading failures triggered by the financial crisis, companies across the United States will be looking to their insurance policies for loss mitigation. However, recent developments in...
Lifelines in the Storm: Pro-Policyholder Developments in 2008
Jan 11 2009 // In light of the enormous losses and failures triggered by the financial crisis, companies across the full spectrum of U.S. industry will be looking to their insurance policies for loss mitigation. Fortunately, developments...
California Appeals Court Reverses Pollution Liability Decision
Jan 7 2009 // The 4th District of the California Court of Appeals has reversed a lower court decision in a pollution liability case, State of California v. Continental Insurance Co. et al. Policyholders are entitled to the full policy...
Louisiana Med Liability Insurer to Return 20% Dividend to Policyholders
Dec 30 2008 // Louisiana Medical Mutual Insurance Company reported it will return a 20 percent dividend to all LAMMICO policyholders in Louisiana and Arkansas. Nearly 6,000 policyholders will be affected; the dividend amount is based on...
TWFG Offers to Replace Coverage for Customers of Failed Texas Insurer
Dec 16 2008 // The Woodlands Financial Group (TWFG) announced that TWFG will offer replacement coverage for the homeowners business of Austin Indemnity Lloyds Insurance Company, effective Jan. 29, 2009. TWFG General Agency, a subsidiary...
Texas Regulators to Liquidate Austin Indemnity Lloyds
Dec 15 2008 // The Texas Department of Insurance (TDI) announced it has filed a petition for the liquidation of Austin Indemnity Lloyds Insurance Company (Austin Indemnity). The company sold homeowners and personal auto coverage in...
Texas Windstorm Insurance Association: 63% of Ike Claims Closed
Dec 11 2008 // Texas’ insurer of last resort for wind and hail coverage along the coast reports that 63 percent of claims from Hurricane Ike have been closed and that more than $519 million has been paid to policyholders so...
Premium Rating Errors Cost Auto Insurers $16 Billion, Report Claims
Dec 4 2008 // Premium rating errors by insurance companies resulted in the loss of $16.1 billion of auto insurance premium revenues in 2007, slightly down from the 2006 figure of $16.6 billion — but still almost 10 percent of the...
Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan
Dec 3 2008 // Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to...
Oklahoma Physician Liability Insurer Declares Policyholder Dividends
Nov 21 2008 // Oklahoma City-based Physicians Liability Insurance Company (PLICO), announced it is declaring a dividend for its 2008 policyholders who renew their policies for 2009. The dividend will be either 3 percent or 6 percent of...
California State Fund Extends Credit Relief to Policyholders Affected by Southern California Fires
Nov 19 2008 // The California State Compensation Insurance Fund announced it will extend credit to policyholders who have suffered financial loss or business disruption caused by the fires in Montecito, Orange County and Sylmar. To date,...
Fire Victims Should Seek Safety, Make Contact with Insurers
Nov 18 2008 // As firefighters work to contain the Tea, Sayre, and Freeway Complex fires throughout Southern California, property/casualty insurance companies are on the ground reaching out to policyholders to facilitate immediate...
Texas Regulators Respond to AIG Financial Developments
Nov 14 2008 // With the U.S. Treasury and the Federal Reserve Board pouring more money into loans for American International Group Inc. (AIG) hoping to keep the financial giant afloat, the Texas Department of Insurance (TDI) issued a...
National Study Says Michigan Average Auto Premiums Decline
Nov 10 2008 // Michigan’s average auto insurance premiums decreased in 2006, compared to 2005, a recent study released by the National Association of Insurance Commissioners (NAIC) shows. For the two-year period 2004-6, Michigan...
Kentucky Weathering AIG and Ike Hurricanes
Nov 2 2008 // Sharon P. Clark, a 17-year veteran of Kentucky state government, was appointed commissioner of the Kentucky Department of Insurance (DOI) in June. Clark’s experience includes five years as director of the Consumer...
It Figures
Nov 2 2008 // 6 The owner of a Little Rock, Ark., insurance company was sentenced to six years in prison on a federal fraud conviction, the Associated Press reported. Frank Whitbeck, was ordered to pay $3.8 million restitution and was...
