All the headlines from our Policyholder Topic Page, ordered by recency.
Aug 26 2009 // Miami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control.All policies written by FCIC and its subsidiary,...
Aug 25 2009 // Louisiana Citizens Property Corporation will now pay a group of attorneys in a class action lawsuit $6 million in order to go forward with the appeal of a $95 million award against the state backed insurer of last resort...
Aug 19 2009 // Michigan insurance companies say that so-called “bad faith” bills approved by the House Insurance Committee today are unnecessary and will open the floodgates for lawsuits against them, eventually costing...
Aug 17 2009 // The governing board of Louisiana’s state-backed property insurance firm on Aug. 13 approved a reduction in a fee imposed on policyholders, money that goes to pay off debt incurred because of Hurricane Katrina...
Aug 14 2009 // San Antonio, Texas-based USAA has announced it has filed a plan with the Texas Department of Insurance to reduce its homeowners insurance rates in the state by an average of 6 percent.The reduction will equate to an...
Aug 6 2009 // A bill to rescue North Carolina’s coastal insurance plan handily passed the state Senate on Wednesday by a 42-5 vote, the same day it won approval from a Senate committee.Because the Senate version differs from the...
Aug 6 2009 // The Arkansas Insurance Department has posted directives on its Web site that detail compliance requirements for property casualty insurance providers in that state.The insurance department noted that while Arkansas state...
Aug 6 2009 // The North Carolina General Assembly has approved a bill to reform the state’s coastal insurance system that caps private insurers’ liability for any funding shortfall in the state-backed Beach Plan, reduces...
Aug 3 2009 // State insurance regulators are criticizing a New York Times article that reported that insurance subsidiaries of American International Group, Inc. “show signs of considerable weakness” and that called into...
Jul 31 2009 // A New Hampshire judge has rejected the state’s claim on a $110 million surplus in a fund that underwrites malpractice insurance.The state counted on $65 million of the money to help balance the budget in the fiscal...
Jul 30 2009 // During the recently completed 81st Legislative Session, the Texas legislature adopted the most significant reforms to the Texas Windstorm Insurance Association (TWIA) since 1997 with the passage of House Bill 4409 (HB...
Jul 21 2009 // Property insurance companies in West Virginia are finding themselves caught between a rock and a hard place over an ordinance in the city of Huntington that forces them to pay funds on some total fire losses to the city...
Jul 20 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Jul 9 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Jun 5 2009 // If Florida Gov. Charlie Crist vetoes a bill designed to deregulate pricing for large national property insurers as appears likely, he will be siding with an appointed official over an influential lawmaker.Crist, who is...
Jun 4 2009 // Texas Mutual Insurance Company’s board of directors has approved a $75 million individual policyholder dividend. The company plans to mail dividend checks in late July to approximately 37,000 employers, representing...
Jun 3 2009 // Western United Insurance Co., which also does business as AAA Nevada Insurance Co., will be offering pay-as-you-drive auto insurance in Nevada.According to the Nevada Division of Insurance, which approved the rate filing,...
Jun 1 2009 // On a number of well-publicized occasions, California homeowners have been ravaged by a series of wildfires with devastating results. Most recently in May in Santa Barbara, for example, the Jesusita Fire burned 80 homes and...
Jun 1 2009 // Weathering today’s economic storm has not been easy for insurance companies. Consumers are more carefully scrutinizing their coverages, while the financial sector is taking a beating in the public, as the government...
May 21 2009 // SCF Arizona’s Board of Directors has unanimously approved a $10 million dividend for 2008 to qualified policyholders.The Arizona workers’ compensation insurer said SCF the dividend payout marks 38 straight...