Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Utah Workers Comp Fund Distributes $8 Million Dividend
May 21 2013 // The board of directors for Utah’s Workers Compensation Fund declared a dividend to be distributed to a majority of policyholders in May. Policyholders can expect to receive 5 percent of their 2012 earned premium....
‘Major Disaster’ Declared in Wake of Deadly Oklahoma Tornadoes
May 21 2013 // An estimated EF4 tornado with a wind range of up to 200 mph roared through the Oklahoma City suburb of Moore, Okla., on May 20, leaving behind massive devastation and at least 24 confirmed dead. Earlier media reports...
Risk Retention Groups Show Strong Financial Stability: Demotech
May 20 2013 // Risk retention groups (RRGs) continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. Demotech Inc., a financial analysis firm specializing in evaluating the...
State Farm Appeals Katrina Fraud Ruling in Mississippi
May 20 2013 // State Farm Fire and Casualty Co. is asking a judge to void a jury’s finding that the company defrauded the government in a case involving a policyholder claim after Hurricane Katrina. The verdict came in April in a...
State Farm Appeals Katrina Fraud Ruling in Mississippi
May 13 2013 // State Farm Fire and Casualty Co. is asking a judge to void a jury’s finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina. Motions filed in U.S. District Court in...
FM Global: 1,900 Clients to Receive ‘Membership Credit’ to Lower Premium
May 13 2013 // Johnston, R.I.-based FM Global, one of the world’s largest business property insurers, said its policyholders will collectively receive an estimated $435 million in premium reductions when they renew their policies...
Texas Mutual Plans $175M Policyholder Dividend Distribution
May 9 2013 // The policyholder owners of Texas Mutual Insurance Co. will share a $175 million dividend distribution this year, the company’s board of directors announced after a unanimous vote on May 7, 2013. This is the 15th...
Risk Retention Groups Continue to Display Financial Stability: Demotech
May 7 2013 // Risk retention groups continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. Demotech Inc., a financial analysis firm specializing in evaluating the financial...
Florida Lawmakers OK Clearinghouse for Citizens Business; Agents Face Changes
May 6 2013 // Florida lawmakers approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into the private market while largely retaining the status quo for the insurer’s...
Arizona Third State to Allow Posting Policies Online
May 1 2013 // Arizona Gov. Jan Brewer signed a bill that allows a property/casualty insurer to post policies online and send a link via email to policyholders in lieu of providing a hard copy. Brewer signed HB 2565, which allows an...
Massachusetts AG Announces $200K Settlement With Safety Insurance Co.
May 1 2013 // Auto insurer Safety Insurance Company agreed to pay more than $200,000 to settle allegations that it overcharged hundreds of inexperienced drivers by failing to reduce premiums as consumers gained additional years of...
Sandy Lesson for Business Owners: Read Policy, Keep Track of Notice Provisions
Apr 28 2013 // It’s been six months since Superstorm Sandy made its landfall on the coast of New Jersey and became one of the costliest storms ever recorded in the U.S. Many businesses in the region are still recovering from the...
Maryland OKs Bill Allowing MAIF Policyholders Installment Payment Option
Apr 26 2013 // Maryland’s General Assembly has passed a bill this month that would allow the Maryland Automobile Insurance Fund (MAIF) to offer installment payment option for policyholders. MAIF, the insurer of last resort, was...
Florida Senate Approves Citizens Reform Bill; Path Ahead Remains Uncertain
Apr 26 2013 // Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders while the chances for final legislative approval remain...
Defining Terrorism for Policies Not a Simple Task After Boston Tragedy
Apr 25 2013 // There are a number of issues involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance purposes such as determining the applicability of terrorism exclusions and...
Crum & Forster to Offer DriveCam Services to Policyholders
Apr 23 2013 // Crum & Forster (C&F) will now offer DriveCam’s managed services to its policyholders as part of C&F’s loss control/safety management services. DriveCam addresses safety by combining data and video...
Zurich American to Refund $4.56M to Disability Policyholders in New York
Apr 23 2013 // New York Gov. Andrew Cuomo announced that Zurich American Insurance Company has agreed to refund $4.56 million to policyholders of its New York statutory disability insurance policies because the insurer failed to spend at...
Travelers Settles with Louisiana Policyholders over Katrina/Rita Damage
Apr 9 2013 // Travelers Insurance announced it has reached a settlement with policyholders in Louisiana over property damage caused by Hurricanes Katrina and Rita. The Hurricane Katrina-Travelers Settlement Administrator said the...
Horace Mann Pays $8,993 in Restitution to Vermont Policyholders
Apr 2 2013 // Vermont’s Department of Financial Regulation announced on March 27 that Horace Mann Insurance Co. and Horace Mann Property and Casualty Insurance Co. has paid $8,993 in restitution to Vermont customers whose auto...
Flood Insurance Policyholders Told to Expect Big Premium Hikes
Mar 28 2013 // The head of the Federal Emergency Management Agency said people who buy federal flood insurance need to plan for big rate hikes. FEMA director Craig Fugate said some people now paying hundreds of dollars a year could wind...
