Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
California Court Allows Policyholders To Question Farmers’ Fees
Mar 25 2008 // A California Court of Appeals has allowed policyholders in the Farmers Insurance Exchanges to question alleged excessiveness of management fees charged to them by Farmers Group Inc., a wholly owned subsidiary of Zurich...
Alaska Workers’ Comp Insurer Pays $2.8 Million to Policyholders
Mar 13 2008 // The Board of Governors of the Alaska Timber Insurance Exchange (ATIE), a policyholder owned workers’ compensation insurance company, is paying a $2.8 million dividend to its members based on their performance in...
Florida Insurance Commissioner Amends Citizens’ Take-Out Procedures
Mar 12 2008 // Florida Insurance Commissioner Kevin McCarty signed an order approving Citizens Property Insurance Corp. take-out plans for the year and requiring Citizens to notify policyholders whose agents have refused to allow their...
Policyholders Need to be Educated on Importance of Flood Insurance
Mar 10 2008 // Eroding levees, flood map changes, lack of buyers highlight need for public outreach Levees can also erode and decay over time and require regular maintenance and upkeep to continue to offer the level of protection they...
Neb. High Court Nixes Reinstatement of Suit against State Farm
Feb 25 2008 // The Nebraska Supreme Court has refused to reinstate a lawsuit against State Farm in a dispute over whether the insurance company delivered the medical coverage it promised in its automobile policies. The Supreme...
Insurers Criticize Proposed Washington Auto Glass Repair Bill
Feb 24 2008 // Legislation approved in early February by the Washington House of Representatives is unnecessary and limits consumer choice, according to the American Insurance Association (AIA). “Policymakers just enacted a law in...
Idaho House Passes UIM Rejection Notice Bill
Feb 24 2008 // The Idaho House passed legislation (HB 429) this month that requires that auto insurance policies provide underinsured motorist coverage unless the policyholder signs a form specifically rejecting the coverage. HB 429,...
Idaho House Passes UIM Rejection Notice Bill
Feb 15 2008 // The Idaho House passed legislation (HB 429) on Wednesday that requires auto insurance policies provide underinsured motorist coverage unless the policyholder signs a form specifically rejecting the coverage. HB 429 would...
With Law Changed, Chubb Now Offers Home Invasion Coverage in N.Y.
Feb 12 2008 // It took a new state law but the Chubb Group of Insurance Companies has begun to offer coverage for home invasions, child abductions, car jackings and stalking threats as part of its homeowners policies sold in New York...
State Auto Offers Enhancements to ID Theft Coverage Program
Feb 11 2008 // Columbus, Ohio-based State Auto Insurance Cos. recently announced that it is now offering a comprehensive “Life Stages” identity management program providing free access to proactive and resolution services for...
AIA Criticizes Proposed Washington Auto Glass Repair Bill
Feb 8 2008 // Legislation approved Monday by the Washington House of Representatives is unnecessary and limits consumer choice, says the American Insurance Association (AIA). “Policymakers just enacted a law in 2007, SB 5052, that...
Okla.-based Insurer Ordered to Pay $10.8M to Policyholder’s Mother
Feb 4 2008 // A federal jury has ordered an Oklahoma City-based insurance company to pay $10.8 million for improperly reducing the benefit owed to the mother of a policyholder who died. American Fidelity Assurance Co. said it was...
Consumer Group Claims Insurers Overcharge, Underpay Policyholders
Jan 27 2008 // Insurers defend recent years’ profits, deny allegations and call national consumer group’s report ‘fatally flawed’ A national consumer organization has charged that property casualty insurers are...
Agents Have Options to Profit as Cycles Turn
Jan 27 2008 // Trust, efficiency, quality, knowledge are among the values independent agents bring to the insurance transaction Managing insurance cycles to maintain profitability is a tricky proposition. Higher premiums produced by hard...
Mississippi Official Says Criminal Probe of State Farm has New Focus
Jan 25 2008 // Mississippi Attorney General Jim Hood says his office opened a new criminal investigation of State Farm Insurance Cos. that is separate from its earlier probe of the insurer’s “crimes against...
Travelers Settles With States Over brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in...
Maintaining Profitability in a Changing Market
Jan 13 2008 // What will it take to get ahead in 2008? Managing insurance cycles to maintain profitability is a tricky proposition. Higher premiums produced by hard markets provide more income, but it may be difficult to find coverage...
Travelers Settles With States Over Brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia regarding how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys...
California State Fund Offers Credit Extension to Storm Victims
Jan 10 2008 // California’s State Compensation Insurance Fund announced it will extend credit to policyholders who have suffered a financial loss or business disruption caused by recent wind and rainstorms that struck the counties...
Pa.’s Lebanon Mutual Insurance Plans Conversion to Stock Company
Jan 8 2008 // The board of directors of Lebanon Mutual Insurance Co. of Cleona, Pa., has adopted a plan to convert the insurer from a mutual to a stock organization. Under the plan, Lebanon will convert from a Pennsylvania mutual...
