Latest Policyholder Headlines
All the headlines from our Policyholder Topic Page, ordered by recency.
Guaranty Fund System Continues to Deliver
Jan 4 2008 // At the heart of every property and casualty insurance contract lies a promise to soften the blow of misfortune. But what happens when an insurance company becomes financially troubled, fails and is no longer able to uphold...
Travelers Settles with States over Brokers’ Contingent Commissions
Jan 3 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in 9 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...
Top Insurance Stories in 2007 in Midwest
Dec 31 2007 // From storms that flooded the Midwest destroying homes and business in the summer to a court ruling that could have a significantly negative impact on the medical malpractice insurance market in the state of Illinois, 2007...
Washington Makes Insurance Plea for Storm Damage Victims
Dec 28 2007 // Washington Insurance Commissioner Mike Kreidler has asked insurance companies and other regulated entities to take voluntary steps to ensure that homeowners, businesses and consumers affected by December’s winter...
P/C Insurers’ Net Income, Surplus Rose But Profitability Dropped
Dec 27 2007 // The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net...
From Med Mal Caps to RICO Violations, No Headline Shortage in 2007
Dec 23 2007 // Severe summer storms that ransacked the Midwest, a court ruling that could negatively impact the medical malpractice insurance market in Illinois and RICO allegations in Minnesota were just a few of the news stories that...
Fla. Insurers Remind Drivers of Personal Injury Protection Law’s Return
Dec 19 2007 // Auto insurers in Florida are reminding drivers that Florida law will once again require drivers to carry personal injury protection insurance effective Jan. 1, 2008. Companies are sending notices to policyholders informing...
Farmers Insurance Introduces New Annual Auto Policy in Ohio
Dec 11 2007 // Farmers Insurance Group of Cos., including Farmers Insurance Company of Columbus recently announced a new product for its over 256,000 insurance policyholders or new policyholders in Ohio. Beginning December 17, 2007, the...
State Farm Customers in Neb. Ask Supreme Court to Reinstate Lawsuit
Dec 7 2007 // A group of State Farm policyholders want the Nebraska Supreme Court to reinstate their lawsuit against the company, because they say State Farm failed to deliver the medical coverage it promised in its automobile...
Supreme Court Lets Stand Virginia Viatical Insurance Law
Dec 4 2007 // The Supreme Court declined this week to rule on a case that tests whether states such as Virginia can regulate the sale of life insurance by policyholders to investors, a practice known as “viatical” or life...
Guaranty Fund System Continues to Deliver
Dec 2 2007 // Funds fulfill statutory promise to protect policyholders At the heart of every property and casualty insurance contract lies a promise to soften the blow of misfortune. But what happens when an insurance company becomes...
Rate Increase OK’d for Texas Windstorm Insurance Association
Nov 16 2007 // Texas Windstorm Insurance Association policyholders’ rates will go up begining Feb. 1, 2008, as a result of rate increases approved by the Texas Department of Insurance yesterday. Texas Insurance Commissioner Mike...
Hanover Ready to Offer Connector Product in New Mass. Auto Market
Nov 9 2007 // As Massachusetts prepares to open up its private passenger auto insurance market to more competition, The Hanover Insurance Group, Inc. is ready to drive in with coverages it has been offering in other states but not in...
La. AG Sues Insurers, Alleges Price-Fixing and Conspiracy
Nov 9 2007 // Louisiana Attorney General Charles Foti is suing the state’s largest property insurance companies, accusing insurers of conspiring to limit payments to policyholders after hurricanes Katrina and Rita and engaging in...
Texas Mutual Distributes $2M in Dividends to First-Year Policyholders
Nov 8 2007 // Texas Mutual Insurance Company announced it is distributing approximately $2 million in dividends among first-year policyholders with favorable loss ratios. The dividends represent the final component of the...
Fireman’s Fund Offers to Rebuild Wildfire Homes “Green”
Nov 7 2007 // In response to the Southern California wildfires that burned in late October, Fireman’s Fund Insurance Co. is responding with an innovative green upgrade for affected policyholders. The company said it will rebuild...
Insurers Used Variety of Resources to Reach Out to Fire Victims
Nov 4 2007 // In the midst of the blazing wildfires that overwhelmed seven Southern California counties in October, insurance companies sprung into action. Most said they had learned from past catastrophes and that preparation was key...
Five Tips in Dealing with Wildfire Losses
Nov 4 2007 // Here we go again: another disaster, another insurance test. Will Southern Californians whose homes and businesses were destroyed or damaged by wildfires fare better with their insurance providers than Katrina’s...
Satisfied buyers of homeowners coverage obtain additional products
Nov 4 2007 // Homeowners insurance policyholders who subscribe to at least one additional policy with their insurer tend to be more satisfied than those who only have a homeowners insurance policy, according to the J.D. Power and...
States under cover
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
