All the headlines from our Policyholder Topic Page, ordered by recency.
Oct 12 2012 // Florida’s state-backed property insurer has opted to put the brakes on its plan to loan private insurers up to $350 million in surplus in order to address a growing wave of criticism from lawmakers, elected...
Oct 12 2012 // Nationwide has agreed to settle litigation related to the merger with Harleysville Insurance.The $26 million settlement relates to In re Harleysville Mutual, a consolidated class action and derivative suit related to the...
Oct 8 2012 // Florida’s state-backed property insurer is considering for the first time investing in private insurers to the tune of $350 million, with the hopes these insurers would then take on up to 300,000 of its policies. The...
Oct 4 2012 // U.S. property/casualty insurers’ net income after taxes jumped to $16.4 billion in first-half 2012 from $4.8 billion in first-half 2011, with insurers’ overall profitability as measured by their annualized rate...
Sep 18 2012 // Home Value Insurance Co. was ordered into rehabilitation by an Ohio court on Aug. 31, 2012, and has been prohibited from selling insurance in the state due to its failure to maintain minimum capital and surplus.The...
Sep 14 2012 // Six mutual insurance companies have been inducted into the National Association of Mutual Insurance Companies’ (NAMIC) Century Club in recognition of 100 years of serving their policyholders. Five of the new members...
Sep 13 2012 // Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates...
Sep 12 2012 // Florida’s state-backed property insurer is considering for the first time whether to invest in private insurers to the tune of $350 million, with the hopes these insurers would then take up to 300,000 policies. The...
Sep 7 2012 // Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens Property Insurance Corp., which would contribute to the greatest shift of policies to the...
Sep 6 2012 // Louisiana Insurance Commissioner Jim Donelon has issued an emergency rule which allows greater protection and flexibility for policyholders impacted by Hurricane Isaac. The emergency rule is similar in scope to the rules...
Sep 5 2012 // Reaction to a decision by State Compensation Insurance Fund to restructure its broker distribution model has ranged from guardedly optimistic to visceral the day following the announcment.Under the new deal announced on...
Aug 20 2012 // Responding to criticism over its home inspection program, officials of Florida’s policyholder-backed insurer said they will no longer immediately raise the premiums for property owners who dispute the inspection...
Aug 20 2012 // Fed up with the inability of Texas to reform its insurance company of last resort, policyholders have left the insurer en masse to create a new, mutually owned company to cover damage to properties along the Texas Gulf...
Aug 14 2012 // Florida regulators are questioning the increases sought by two property insurers that could raise rates on some homeowners by more than 40 percent, even as they reduce their number of policies.Castle Key Insurance Co., is...
Aug 6 2012 // Tennessee regulators have issued a new form to allow large companies to qualify as an exempt commercial risk policyholder and purchase insurance that is not regulated by the state.As of July 1, a new section was added to...
Aug 6 2012 // Evaluate, evolve, sharpen focus, create value.That’s how a group of executives at one Midwest-based property/casualty insurance company summarized the organization’s ability to grow and thrive through a century...
Aug 2 2012 // Illinois insurance regulators reported that Millers First Insurance Co. (Millers First) has agreed to be placed into rehabilitation.While the Alton, Ill.-based company is in rehabilitation, Illinois Department of Insurance...
Jul 31 2012 // Officials of Florida’s state policyholders-backed insurer turned away from several controversial plans that would have raised rates on new policies above current policyholder rates and implemented a cap on water...
Jul 27 2012 // Private companies and investors say they are willing to remove thousands of policyholders from Florida’s state- backed homeowners market if they can get officials to give them millions of dollars in loans.At a...
Jul 26 2012 // Florida regulators are expressing concern over a State Farm Florida proposed statewide average 57.3 percent rate hike in insurance rates for landlords that will result in higher premiums while the insurer continues not to...