Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Zurich Settles Class Action Lawsuit for $455M Over Insurance Exchanges
Oct 18 2010 // Zurich Financial Services Group and its subsidiary, Farmers Group Inc. (FGI), have settled for $455 million a nationwide class action lawsuit that is pending in Superior Court in Los Angeles. The settlement money will be...
Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy
Oct 18 2010 // Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D....
Court: Property Transfer Doesn’t Negate Builder’s Risk Policy
Oct 8 2010 // The Iowa Court of Appeals upheld a ruling by a lower court that a builder’s risk insurance policy remained in effect after the policyholder transferred the property, by warranty deed, to another party in exchange for...
Zurich Settles Class Action Lawsuit Over Insurance Exchanges
Oct 7 2010 // Zurich Financial Services Group and its subsidiary, Farmers Group Inc. (FGI), have settled a nationwide class action lawsuit that is pending in Superior Court in Los Angeles. Under the terms of the settlement, $455 million...
Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy
Oct 5 2010 // Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D....
Some Rezoned Flood Insurance Policyholders Get Price Break
Oct 4 2010 // The nation’s flood insurance program is extending the availability of lower cost policies for some property owners who have been recently remapped into higher-priced areas. Since 2008, many homes and businesses in...
North Carolina Blue Cross to Refund $155 Million to Policyholders
Sep 22 2010 // North Carolina’s largest health insurer will refund $155 million to more than 215,000 individual policyholders as a result of the Affordable Care Act that took effect earlier this year, the company said. Individual...
P/C Insurers Post First Half Profit Despite Underwriting Losses
Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...
$275M in Louisiana Property Insurance Assessment Refunds Unclaimed
Sep 6 2010 // More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don’t act before the year is over, according to the Louisiana...
AZ Court Decision Could Increase Agent E&O Premiums
Sep 6 2010 // The Arizona Supreme Court is weighing in on the state’s uninsured/underinsured motorist coverage selection form – a decision that could dramatically increase insurance agency’s errors and omissions...
Pinnacol Assurance to Credit $15M to Certain Policyholders
Sep 6 2010 // Workers’ Comp Insurer Loses Battle to Keep Records Private Colorado’s Division of Insurance announced it has reached a settlement agreement with Pinnacol Assurance concerning filing issues raised earlier this...
$275M in Louisiana Property Insurance Assessment Refunds Unclaimed
Aug 30 2010 // More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don’t act before the year is over. The assessments were imposed on...
Pinnacol Assurance To Credit $15M to Certain Policyholders
Aug 26 2010 // Colorado’s Division of Insurance announced it has reached a settlement agreement with Pinnacol Assurance, the state’s largest workers’ compensation insurer, concerning filing issues raised earlier this...
Trade Group Sues Over New Calif. Insurance Rules
Aug 23 2010 // A new regulation that makes it harder for health insurance companies to drop individual policyholders in California is being challenged in court by an industry trade group. The California Department of Insurance’s...
AZ Court Decision Could Increase Agent E&O Premiums
Aug 13 2010 // The Arizona Supreme Court is weighing in on the state’s uninsured/underinsured motorist coverage selection form — a decision that could dramatically increase insurance agency’s errors and omissions...
Florida Regulators Recover $11 Million for Insurance Policyholders
Jul 30 2010 // The Florida Department of Financial Services says it has helped recover more than $11.1 million for Florida’s insurance consumers in the first half of 2010. “Especially in these tough economic times, it is so...
Survey: Public Opposes Allowing Policyholder Suits Against Insurers
Jul 29 2010 // A majority of Americans believe that laws allowing people to sue their own auto insurance company for punitive damages, in addition to receiving benefits for their insured claim losses, are not a good idea. New public...
Court Dismisses Lawsuit Challenging Calif. Commissioner’s Actions
Jul 27 2010 // California Insurance Commissioner Steve Poizner is considering a recent court decision a victory for consumers, as a lawsuit that attempted to stop the Commissioner from protecting Californians in connection with the...
LWCC Reducing Overall Rates by 4.1%
Jul 9 2010 // Louisiana Workers’ Compensation Corporation (LWCC) announced tthat it will implement an overall rate reduction of 4.1 percent beginning Oct. 1, 2010. This marks the sixth consecutive year that LWCC has reduced...
New York Workers’ Compensation Fund Premium, Accounts Down
Jul 7 2010 // For 2009, the New York State Insurance Fund reported workers’ compensation premium of $1.31 billion and disability benefits premium of $16.6 million. The competitive fund wrote 41 percent of the state’s...
