Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Editor’s Note: Of wind and floods
Jul 23 2007 // Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to...
Editor’s Note: Of wind and floods
Jul 23 2007 // Whether or not H.R. 920 is successfully passed, it’s becoming increasingly clear that the federal government is taking notice of the problems certain areas of the country face with regard to windstorm insurance. Is...
Other Mississippians Upset Because they Bothered ‘To Be Responsible’
Jul 20 2007 // Policyholders who settled Hurricane Katrina lawsuits confidentially with insurance companies can keep those payments, along with federal grants for structural damage other homeowners were ineligible to receive or must...
Calif. State Fund Offers Policyholders Credit Extension
Jul 16 2007 // California’s State Compensation Insurance Fund announced that it will extend credit to policyholders who have suffered a financial loss or business disruption caused by recent wildfires that ravaged the Lake Tahoe...
News Currents
Jul 2 2007 // Mississippi poses PR challenge for State Farm and industry It’s the latest version of the Hatfields versus the McCoys but with billions of dollars and an insurer’s, if not an industry’s, reputation at...
Streamlining surplus lines
Jul 2 2007 // Declarations “Non-admitted insurance reform is a pro-consumer piece of legislation. HR 1065 makes it clear that the state where the policyholder resides should be the state that is in charge of regulation. …...
Allstate Agrees to Mass Settlement of Mississippi Katrina Claims
Jun 28 2007 // Allstate Insurance Co. has agreed to a mass settlement of claims by a group of Mississippi policyholders who sued the insurer over damage to their homes from Hurricane Katrina, a company spokesman and a lawyer for the...
P/C Industry Net Income, Overall Profitability Slip in 1Q 2007
Jun 28 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...
Mo. Judge Overturns $17 Million Aftermarket Parts Verdict
Jun 26 2007 // A state judge has overturned a jury’s decision ordering American Family Mutual Insurance Co. to pay $17 million as part of a class-action lawsuit over aftermarket vehicle parts in Missouri. Jackson County Circuit...
State Farm Announces Rate Decrease for W. Va. Homeowners
Jun 25 2007 // Just weeks after announcing an automobile insurance rate decrease, State Farm Insurance, the largest insurance provider in West Virginia, says it also will lower rates statewide for home insurance. The average West...
N.D. Fraud Victims in State’s Largest Case to Receive Full Premiums Back
Jun 25 2007 // Policyholders defrauded by an insurance agent who killed herself in late March will be getting their premiums back in full, in a settlement of the largest insurance premium fraud cause in North Dakota history. Insurance...
Miss.: Scruggs Files Racketeering Charges against State Farm
Jun 20 2007 // The Scruggs Katrina Group filed federal charges against State Farm, E.A. Renfroe Company, and Forensic Analysis and Engineering Company on behalf of 21 Mississippi policyholders whose homes were destroyed in Hurricane...
Improving experience modifiers lowers workers’ comp premiums
Jun 18 2007 // Experience rating is the interaction of claims management and insurance pricing. An organization that controls its losses also controls its experience modifier and ultimately is responsible for higher or lower...
Managing D&O claims expense
Jun 18 2007 // One of the standard features of the typical directors’ and officers’ liability insurance policy is the provision allowing the insureds to select their own defense counsel, subject only to the insurance...
Miss. Attorney General Sues State Farm for Breach of Contract
Jun 12 2007 // In the Circuit Court of Hinds County Monday, Mississippi Attorney General Jim Hood filed a complaint against State Farm Fire and Casualty Co. alleging bad faith breach of contract related to the settlement agreement the...
State Farm to Send $16.5 Million Back to W.Va. Auto Policyholders
Jun 11 2007 // West Virginia Auto owners insured through State Farm Mutual Automobile Insurance Co. will get a break on their premiums again this year. The amount of the reduction will vary, but the average savings equals $47. State...
La. Appeals Court to Take on Katrina Levee Breach Lawsuits
Jun 7 2007 // In November, a judge gave hope to Louisiana homeowners trying to collect insurance money for flood damage caused by Hurricane Katrina. Now, that decision is under scrutiny. U.S. District Judge Stanwood Duval Jr. sided with...
Fla. Plaintiffs Settle with State Farm on Hurricane Damaged Screen Enclosures
May 25 2007 // A Broward County Court has approved a class action settlement on behalf of more than 12,000 State Farm Insurance policyholders in Florida who will receive 100 percent of the damages they requested in a $6.8 million...
Hawaii Producer’s License Revoked
May 22 2007 // Hawaii State Insurance Commissioner J. P. Schmidt has revoked the insurance producer license of Amy Pohaiokalani Fernandez (aka Amy Pohaiokalani Waikiki and Pohai Waikiki) and fined her $20,000. Commissioner Schmidt...
News Currents
May 21 2007 // State Farm to reopen 350 hurricane claims in Louisiana Holly Beach, La., October 3, 2005 – Nothing is left of the community of Holly Beach, once home to 300 residents and a favorite destination for thousands of...
