All the headlines from our Policyholder Topic Page, ordered by recency.
Apr 18 2012 // Nationwide Mutual Insurance Co. welcomed Pennsylvania regulators’ approval this week of the insurer’s proposed merger with Harleysville Mutual Insurance Co.Regulatory approval from Pennsylvania, where...
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter.Private U.S. P/C insurers’ net...
Mar 22 2012 // Homeowner insurance rate hikes filed in Texas by Allstate Insurance in December 2011 have passed muster with Texas insurance regulators.The company made a rate adjustment of 5.7 percent statewide for Allstate Texas Lloyds...
Mar 19 2012 // A state appeals court has blocked policyholders of Louisiana Citizens Property Insurance Corp. from collecting more than $100 million for the company’s failure to handle claims quickly enough following the 2005...
Mar 12 2012 // Florida lawmakers have approved a bill that reduces the assessment rate of the state-run property insurer to give policyholders more time to retire deficits. The bill would also reduce the financial pressure on the...
Mar 8 2012 // Arkansas-based surplus lines broker Argenia has created a new Florida program designed to cover the reduction of coverage under Citizens Property Insurance Corp. homeowners policies.The program provides high enough...
Mar 5 2012 // Natural catastrophe-related insurance claims payouts to U.S. P/C policyholders grew seven-fold as a share of total claims payouts between 1960 and 2010. The trend has accelerated over the past two decades, with hurricanes...
Feb 28 2012 // The California Department of Insurance has settled a noncompliance action against GeoVera Insurance Co. following a 2010 investigation into consumer complaints concerning GeoVera’s underwriting practices. GeoVera...
Feb 28 2012 // Funding for the Florida’s state-run property insurer is likely to change as state lawmakers are looking to access the insurer’s total assessment base quicker and give it more time to collect funds in the event...
Feb 27 2012 // A nearly $103 million offer by Louisiana’s property insurer of last resort to settle claims disputes was rejected on Feb. 24 by lawyers representing the policyholders, who objected to several pieces of the proposal,...
Feb 24 2012 // Louisiana’s property insurer of last resort is offering nearly $103 million to settle disputes over its handling of claims after hurricanes Katrina and Rita more than six years ago.The governing board of the...
Feb 20 2012 // When a carrier is sued for denying a claim, it is usual for policyholders to raise claims of bad faith. For decades now, policyholders have frequently pled both common law (i.e., law created by cases) and statutory (i.e.,...
Feb 17 2012 // A California lawmaker on Friday introduced a bill to give greater control of claim information held by insolvent companies over to policyholders.Assemblyman Curt Hagman said he introduced Assembly Bill 1734 to provide...
Feb 13 2012 // The Pennsylvania Insurance Department Commissioner Michael Consedine announced last week that the Commonwealth Court has approved the department’s petition to liquidate First Sealord Surety Insurance.First Sealord, a...
Feb 13 2012 // Louisiana’s property insurer of last resort has offered to settle a dispute over slow handling of hurricane claims from 2005 for up to $80 million, with no more than $25 million of that for attorneys’ fees —...
Feb 10 2012 // A lawsuit contends that a health insurer ran a scheme to avoid paying in-home care claims from what could be thousands of California’s elderly residents.Senior Health Insurance Co. of Pennsylvania, or SHIP, had a...
Feb 1 2012 // In a decision that workers’ compensation experts say is good for Texas employees and employers alike, the Supreme Court of Texas issued a unanimous opinion on January 27, 2012, that bars negligence claims against...
Jan 25 2012 // Nationwide is brushing off Liberty Mutual’s allegation that Nationwide’s pending acquisition of Harleysville Mutual would unfairly benefit subsidiary Harleysville Group’s stock shareholders at the expense...
Jan 23 2012 // It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co.According to a news report, Liberty Mutual also made an offer last...
Jan 23 2012 // Oklahoma’s top insurance regulator believes the medical insurance market is headed for “disruption” as a result of the medical loss ratio (MLR) component of federal health insurance reform.After...