Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Florida Court OK with Insurer Not Following Hurricane Deductible Notice to a ‘T’
Jun 18 2012 // The failure to strictly follow the requirements for providing policyholders with information about their hurricane deductible does not mean the deductible is unenforceable, Florida’s high court has ruled. The Florida...
Former Zurich North America Executive Gilway to Head Florida’s Citizens
Jun 14 2012 // Florida’s state-backed homeowners insurer has reached into the private sector for its new president, selecting an experienced insurance executive and consultant. The Citizens Property Insurance Corp. board of...
Gov. Scott to Florida Insurance Agents: There’s More Work Ahead
Jun 12 2012 // Fla. Gov. Rick Scott Florida has made a good start on addressing some of the state’s most pressing insurance issues such as pursuing ways to depopulate the state-backed homeowners insurer and reforming the no-fault...
Florida Court: No Penalty for Insurer Not Following Deductible Disclosure to a ‘T’
Jun 6 2012 // The failure to strictly follow the requirements for providing policyholders with information about their hurricane deductible does not mean the deductible is unenforceable, Florida’s high court has ruled. The Florida...
Florida’s Citizens Hears Depopulation Ideas
Jun 4 2012 // When the question is how to shrink Florida’s state-backed home insurer, answers from insurance agents, insurer executives, state lawmakers, and others come down to increasing rates and shifting more policies to the...
Delaware Regulators Recovered $1.3M for Policyholders in 2012 Q1
May 30 2012 // Delaware’s Insurance Commissioner Karen Weldin Stewart said her department recovered $1,331,831 for the state’s policyholders during 2012 first quarter. Commissioner Stewart announced the first-quarter’s...
Texas Mutual to Distribute $150M Policyholder Dividend
May 24 2012 // Texas Mutual Insurance Co.’s board of directors has approved the company’s plan to distribute $150 million in workers’ compensation dividends. This marks the 14th consecutive year the board has approved a...
Nationwide Mutual Completes Harleysville Acquisition
May 21 2012 // Nationwide Mutual Insurance Co. has completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September 2011. Nationwide Mutual policyholders voted...
Business Moves – Southeast
May 21 2012 // Nationwide, Harleysville Nationwide Mutual Insurance Co. said that the company completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September...
Business Moves – Midwest
May 21 2012 // Neace Lukens, Matrix Benefits Neace Lukens has completed its acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Ind.-based consulting firm. Matrix employees will report to the Neace Lukens Indianapolis...
A Year after Joplin Tornadoes, $2.16B in Insurance Claims Paid
May 18 2012 // The tornado that swept through Joplin, Mo., on May 22, 2011, has generated $2.16 billion in insurance claims payouts to Missouri policyholders, according to an Insurance Information Institute analysis of data from...
Florida’s Citizens Defends Plan to Consider Higher Rates on New Business
May 18 2012 // Facing protests from consumers and state officials, Florida’s state-run homeowners insurer has found itself defending a proposal to increase rates for new customers above a legislative cap placed on current...
One Week Brought Most of Alabama’s $3.2 Billion Losses
May 7 2012 // Almost $3 billion of the $3.2 billion Alabama insurers paid out to their auto, home and business policyholders in 2011 for catastrophe losses can be traced directly to the tornadoes, hail and thunderstorms that swept...
Nationwide Mutual Completes Harleysville Merger
May 1 2012 // Nationwide Mutual Insurance Co. said that the company completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September 2011. Nationwide Mutual...
Consumer Rebates Under Medical Loss Ratio Estimated to Be $1.3 Billion
Apr 30 2012 // More than 3 million health insurance policyholders and thousands of employers will share $1.3 billion in rebates this year, thanks to President Barack Obama’s health care law, according to a nonpartisan research...
Citizens Delays Rate Hike for New Business
Apr 30 2012 // The governing board for Florida’s state-backed Citizens Property Insurance Corp. has at least temporarily backed off a proposal to begin charging rates for new business next year at rates higher than allowed by...
Harleysville Policyholders Approve Merger With Nationwide
Apr 25 2012 // Harleysville Mutual Insurance Company said Wednesday that its policyholders as well as shareholders at its publicly traded subsidiary Harleysville Group Inc. voted to approve the proposed merger with Nationwide Mutual...
Louisiana Citizens Asks U.S. High Court to Hear Claims Suit Appeal
Apr 20 2012 // Louisiana’s property insurer of last resort has asked the nation’s highest court to hear an appeal of a $104.6 million award to 18,500 policyholders who sued over slow adjustment of hurricane claims in...
One Week Brought Most of Alabama’s $3.2 Billion Insured Losses in 2011
Apr 20 2012 // Almost $3 billion of the $3.2 billion Alabama insurers paid out to their auto, home and business policyholders in 2011 for catastrophe losses can be traced directly to the tornadoes, hail and thunderstorms that swept...
Hartford to Give $24M in Premium Credits to N.Y. AD&D Policyholders
Apr 19 2012 // Hartford Life Insurance Company, a subsidiary of The Hartford Financial Services Group, agreed to give $24 million in premium credits to some 300,000 New York residents who bought the company’s accidental death and...
