Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Texas Mutual Wraps up $150M Dividend Distribution
Nov 16 2012 // Texas Mutual Insurance Co. t it is distributing approximately $1.8 million in workers’ compensation dividends. Approximately 3,000 new policyholders earned dividends based largely on their workplace safety and claim...
Adjusters Battling Power, Phone Outage, Long Gas Lines, Blocked Roads
Nov 15 2012 // Major insurers have deployed thousands of claims adjusters in the Northeast in the wake of Superstorm Sandy — they are working from dawn until late night to make contacts with policyholders, complete the estimate...
Markel Unveils Risk Management Portal for DataBreach Policyholders
Nov 9 2012 // Markel has launched a new risk management portal for DataBreach policyholders that includes information and technical resources that can assist in the prevention of network, cyber, and privacy breaches as well as support...
Florida Consumer Advocate Hits Use of Past Credit History to Deny Claims
Nov 2 2012 // Florida’s consumer advocate is calling for an investigation into insurers using homeowners’ past credit history to deny claims and cancel policies even though the homeowners have paid premiums for...
$42.7M Rate Reduction for California Policyholders of ‘Force-Placed’ Insurer
Oct 23 2012 // California Insurance Commissioner Dave Jones announced a 30.5 percent rate reduction, for “lender-placed” homeowners’ insurance coverage offered by American Security Insurance Co., an Assurant Inc.-owned...
Social Service Agencies Earns $281K Dividend from Texas Mutual
Oct 23 2012 // Texas Mutual Insurance Co., working in partnership with Care Providers Insurance Services, announced today that the Social Service Agencies of Texas (SSA) safety group has earned a $280,638 dividend. The workers’...
Florida Approves More Policy Takeouts at Citizens; Also OKs Commercial Rate Hikes
Oct 23 2012 // Florida regulators announced that two property insurance companies have been approved to take out up to 100,000 policies from the state-backed insurer in December, adding to the 210,000 policies already slated for removal...
AIG to Pay $11M Multi-State Settlement Over Life Policies
Oct 22 2012 // Insurer American International Group Inc. has agreed to an $11 million settlement with a group of states over its claims settlement practices for life insurance policies on Monday. AIG is the latest insurer to settle state...
AIG Settles, Will Pay California Life Beneficiaries $25-$30M
Oct 22 2012 // AIG Insurance Co. will pay an estimated $25 to $30 million owed to California beneficiaries of life insurance policies, and an $11 million settlement payment. California Controller John Chiang began auditing AIG’s...
Florida’s Citizens Puts Brakes on Surplus Note Program
Oct 22 2012 // By Michael Adams Florida’s state-backed property insurer has put the brakes on its plan to loan private insurers up to $350 million in surplus while it addresses a growing wave of criticism from lawmakers, elected...
Nationwide to Settle Harleysville Policyholder Class Action for $26M
Oct 22 2012 // Nationwide, headquartered in Columbus, Ohio, has agreed to settle litigation related to its merger with Pennsylvania-based Harleysville Insurance. The $26 million settlement relates to In re Harleysville Mutual, a...
Nationwide Settles Harleysville Merger Suit
Oct 22 2012 // Nationwide Mutual Insurance Co. announced on Oct. 11 that it has agreed to settle litigation related to the merger with Harleysville Mutual Insurance Co. The $26 million settlement relates to In re Harleysville Mutual, a...
Florida’s Citizens Puts Brakes on Surplus Note Program
Oct 12 2012 // Florida’s state-backed property insurer has opted to put the brakes on its plan to loan private insurers up to $350 million in surplus in order to address a growing wave of criticism from lawmakers, elected...
Nationwide to Settle Harleysville Policyholder Class Action for $26M
Oct 12 2012 // Nationwide has agreed to settle litigation related to the merger with Harleysville Insurance. The $26 million settlement relates to In re Harleysville Mutual, a consolidated class action and derivative suit related to the...
Florida’s Take-Out Plan: Citizens Loans to Willing Private Insurers
Oct 8 2012 // Florida’s state-backed property insurer is considering for the first time investing in private insurers to the tune of $350 million, with the hopes these insurers would then take on up to 300,000 of its policies. The...
P/C Insurers’ Profits Jump in First Half as Catastrophe Losses Drop
Oct 4 2012 // U.S. property/casualty insurers’ net income after taxes jumped to $16.4 billion in first-half 2012 from $4.8 billion in first-half 2011, with insurers’ overall profitability as measured by their annualized rate...
Court Orders Rehabilitation for Home Value Insurance Co.
Sep 18 2012 // Home Value Insurance Co. was ordered into rehabilitation by an Ohio court on Aug. 31, 2012, and has been prohibited from selling insurance in the state due to its failure to maintain minimum capital and surplus. The...
Five of Six NAMIC Members Joining ‘Century Club’ in Midwest
Sep 14 2012 // Six mutual insurance companies have been inducted into the National Association of Mutual Insurance Companies’ (NAMIC) Century Club in recognition of 100 years of serving their policyholders. Five of the new members...
Q&A with Florida’s Citizens CEO Gilway: Leading in the Public Sector
Sep 13 2012 // Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates...
How Florida’s Citizens’ Surplus Loans to Private Insurers Would Work
Sep 12 2012 // Florida’s state-backed property insurer is considering for the first time whether to invest in private insurers to the tune of $350 million, with the hopes these insurers would then take up to 300,000 policies. The...
