All the headlines from our Policyholder Topic Page, ordered by recency.
Jun 24 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009.Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
Jun 21 2013 // A staged accident investigation in Roanoke, Va., led to an award for a Nationwide Insurance special investigator. Suzy Clingman-Taylor was named Investigator of the Year by the Virginia Chapter of the International...
Jun 12 2013 // New York State’s financial regulators issued a report today that found a widespread use of captive, reinsurance entities by New York-based life insurance companies.Calling these arrangements “shadow...
Jun 7 2013 // Connecticut Insurance Commissioner Thomas Leonardi recently announced that the state’s insurance department recovered nearly $2.3 million for policyholders and taxpayers in the first three months of...
Jun 4 2013 // Officials at Florida’s property insurer of last resort say that it is entering the 2013 hurricane season in improved financial condition thanks in part to various private insurer policy takeouts. Those takeouts have...
Jun 4 2013 // When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance.Now, as he seeks to move to Atlanta to be near family, Virden says...
May 29 2013 // It’s been nearly eight years since Hurricane Wilma raked the southern end of Florida and caused billions in damages, the last of eight hurricanes to hit the state in 2004 and 2005.Yet even as the state has been...
May 28 2013 // Florida’s Citizens Property Insurance Corp. has narrowly approved a plan allowing a domestic insurer to remove 60,000 policies and receive as much as $52 million from Citizens in exchange.A short-handed Citizens...
May 21 2013 // The board of directors for Utah’s Workers Compensation Fund declared a dividend to be distributed to a majority of policyholders in May. Policyholders can expect to receive 5 percent of their 2012 earned premium....
May 21 2013 // An estimated EF4 tornado with a wind range of up to 200 mph roared through the Oklahoma City suburb of Moore, Okla., on May 20, leaving behind massive devastation and at least 24 confirmed dead. Earlier media reports...
May 20 2013 // Risk retention groups (RRGs) continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information.Demotech Inc., a financial analysis firm specializing in evaluating the...
May 20 2013 // State Farm Fire and Casualty Co. is asking a judge to void a jury’s finding that the company defrauded the government in a case involving a policyholder claim after Hurricane Katrina.The verdict came in April in a...
May 13 2013 // State Farm Fire and Casualty Co. is asking a judge to void a jury’s finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina.Motions filed in U.S. District Court in...
May 13 2013 // Johnston, R.I.-based FM Global, one of the world’s largest business property insurers, said its policyholders will collectively receive an estimated $435 million in premium reductions when they renew their policies...
May 9 2013 // The policyholder owners of Texas Mutual Insurance Co. will share a $175 million dividend distribution this year, the company’s board of directors announced after a unanimous vote on May 7, 2013.This is the 15th...
May 7 2013 // Risk retention groups continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information.Demotech Inc., a financial analysis firm specializing in evaluating the financial...
May 6 2013 // Florida lawmakers approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into the private market while largely retaining the status quo for the insurer’s...
May 1 2013 // Arizona Gov. Jan Brewer signed a bill that allows a property/casualty insurer to post policies online and send a link via email to policyholders in lieu of providing a hard copy.Brewer signed HB 2565, which allows an...
May 1 2013 // Auto insurer Safety Insurance Company agreed to pay more than $200,000 to settle allegations that it overcharged hundreds of inexperienced drivers by failing to reduce premiums as consumers gained additional years of...
Apr 28 2013 // It’s been six months since Superstorm Sandy made its landfall on the coast of New Jersey and became one of the costliest storms ever recorded in the U.S.Many businesses in the region are still recovering from the...