Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Idaho Workers Comp Bill Resurfaces, Won’t Impact Lawsuit
Apr 17 2009 // The Idaho Senate resurrected a bill to reform how the State Insurance Fund pays dividends to its workers compensation policy holders, but this new version won’t affect a lawsuit alleging the fund’s managers...
Mississippi Recovers $1 Million for Policyholders in Q1
Apr 13 2009 // Consumers in Mississippi have received nearly $1 million in recovered claims payments and premium refunds in the first three months of 2009 thanks to the efforts of the Consumer Services Division of the Mississippi...
Florida Takes Over Coral Insurance; Security First, MacNeill Step In
Apr 10 2009 // Leon County Circuit Court Judge P. Kevin Davey ordered the Hollywood-based Coral Insurance Co., a residential property insurance provider in Florida, into receivership for the purpose of rehabilitation. The Department of...
P/C Insurers Profitable in 2008; Take Hit From Catastrophes, Financial Crisis
Apr 9 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
Texas Independent Agents Urge Adequate Windstorm Funding
Mar 27 2009 // Since funding for the Texas Windstorm Insurance Association (TWIA) has become a top priority for the Texas Legislature, statewide lawmakers have debated several solutions that will impact policyholders in Texas, according...
The Case for Confronting Fear
Mar 23 2009 // Study Shows Policyholders Eager to Address Economic Crisis With P/C Agents With the parallels being drawn between the nation’s new Administration and President Franklin D. Roosevelt’s Administration during the...
State Regulators Say AIG Insurance Policyholders Still Protected
Mar 23 2009 // The nation’s insurance regulators are again telling policyholders of American International Group (AIG) that the insurance company is able to meet its obligations to them despite ongoing controversy surrounding the...
Regulators: AIG Not Using Bailout Funds to Underprice Insurance
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
Policyholders of Failed HIH Insurance Company Receive Millions in Payments
Mar 11 2009 // Hawai’i Insurance Commissioner J.P. Schmidt has released the final payments from the estate of the failed insurer HIH America Insurance Company of Hawai’i Inc. HIH Hawai’i has now paid 100 percent of its...
Louisiana Insurance Agent Arrested
Mar 11 2009 // The Louisiana Department of Insurance reported that a St. Martinville insurance company employee has been arrested, served with a cease and desist order, notice of license revocation and a fine for alleged misappropriation...
Capitol County Mutual Non-Renewing Texas Policyholders
Mar 9 2009 // The Texas Department of Insurance announced that Capitol County Mutual Fire Insurance Company has notified policyholders that their industrial fire insurance coverage will end effective with the policy monthly anniversary...
New York Insurance Chief Dinallo’s U.S. Senate Testimony on AIG
Mar 5 2009 // Testimony by New York Insurance Superintendent Eric Dinallo to the United States Senate Committee on Banking, Housing and Urban Affairs Hearing on “American International Group: Examining What Went Wrong, Government...
Louisiana Workers’ Compensation Insurer to Pay $7.5M Dividend
Feb 18 2009 // Louisiana Workers’ Compensation Corporation (LWCC) announced it will pay a $7.5 million dividend to qualifying policyholders in February. The pay out will bring LWCC’s cumulative total dividend paid to...
Florida Rejects State Farm Withdrawal Plan; Requires Major Conditions on Citizens, Agents
Feb 13 2009 // Florida Insurance Commissioner Kevin McCarty has offered a withdrawal plan for State Farm Florida Insurance Co. and its parent company with major conditions that were not in the original plan submitted by the insurer. In...
Florida Home-Grown Insurer Says It’s Ready for 30,000 State Farm Policies
Feb 6 2009 // After State Farm announced it would be leaving behind 1.2 million property policyholders within the next two years, state officials expressed confidence that the private insurance market, including a number of relatively...
Automobile Club of Southern California Reducing Auto Rates 5.4%
Feb 6 2009 // The Automobile Club of Southern California announced it would be implementing a $101 million rate reduction for insurance policyholders in California, an average decrease of 5.4 percent. As the fifth largest auto insurer...
Michigan Auto Insurance System, Costs, Insurers Under Fire
Feb 5 2009 // Michigan’s insurance consumer advocate is charging that drivers are paying a high cost for years of state deregulation of insurance and record insurance company profits. Gov. Jennifer Granholm has threatened...
Florida Subpoenas State Farm Policyholder Data for Withdrawal Plan
Jan 30 2009 // Florida Insurance Commissioner Kevin McCarty has issued a subpoena to State Farm Florida Insurance Co. requesting detailed information about the company’s Florida property insurance policyholders. The request comes...
Travelers Reports Solid Q4, Year-End Underwriting; ‘Well Positioned’ for 2009
Jan 27 2009 // The Travelers Companies, Inc. reported net income of $801 million for the quarter ended Dec. 31, 2008, compared to $1.063 billion, for the quarter ended Dec. 31, 2007. Operating income in the current quarter was $939...
California Appeals Court Reverses Pollution Liability Decision
Jan 25 2009 // The 4th District of the California Court of Appeals has reversed a lower court decision in a pollution liability case, State of California v. Continental Insurance Co. et al. The decision is likely to influence courts...
