All the headlines from our Policyholder Topic Page, ordered by recency.
Jan 19 2007 // Louisiana’s state-run insurer won approval for big rate increases on Jan. 17, meaning double- and triple-digit hikes in insurance costs for homeowners and businesses along the coast.The increases for Citizens...
Jan 11 2007 // A federal judge on Wednesday ordered into mediation dozens of lawsuits policyholders filed against insurance companies after Hurricane Katrina.Several of the cases sent to mediation, which accuse the insurance companies of...
Jan 10 2007 // Even as the Mississippi attorney general negotiates a potential settlement with State Farm Fire & Casualty Co., an eight-person jury began hearing opening statements Tuesday in one of hundreds of insurance lawsuits...
Jan 5 2007 // James V. Rosati, a banking and investment executive and current chairman of the R.I. Airport Corp., has been selected to serve as president and chief executive officer of Beacon Mutual Insurance Co., Rhode Island’s...
Jan 5 2007 // California Insurance Commissioner John Garamendi has announced that the Department of Insurance has won a dispute over the distribution of proceeds obtained through litigation on behalf of policyholders of the failed...
Dec 27 2006 // Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months. The net gain on...
Dec 25 2006 // A look at policy buyback settlementsOver the last decade, I have participated in the drafting of dozens of settlement agreements between carriers and insureds commonly called “buybacks of insurance” or simply...
Dec 21 2006 // Des Moines, Iowa-based Hawkeye-Security Insurance and Indiana Insurance, both members of the Liberty Mutual Group, are urging holiday shoppers to raise their awareness of identity theft, the fastest growing crime in...
Dec 18 2006 // A panel of state insurance regulators on Dec. 15 rejected a proposed rule change that Allstate Insurance Co. cites as critical to deciding the company’s long-term future in Louisiana after Hurricane Katrina.The...
Dec 14 2006 // Computer records containing personal information of about 130,000 members of Connecticut-based health insurer Aetna Inc. were stolen from the office of a vendor, the company said.A lockbox stolen during an Oct. 26 break-in...
Dec 11 2006 // The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage.With a recent...
Dec 10 2006 // Identity-related fraud is a virulent crime, with 3.5 times the aggregate losses of all property crimes, such as burglary, larceny and vehicle theft, reported last year. In today’s technology/information-driven...
Dec 10 2006 // The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage.With a recent...
Nov 30 2006 // Some Farmers Union Mutual Insurance policyholders are confused about whether they can vote on moving the state Farmers Union headquarters to Mandan from Jamestown.The insurance company is separate from the farm...
Nov 29 2006 // Policyholders of Virginia Mutual Insurance Co. have approved the previously announced plan of conversion with Alfa Corp., the companies reported.Under the agreement, Virginia Mutual will convert from a mutual company to a...
Nov 22 2006 // Information obtained from the Consumer Protection division of the Texas Department of Insurance (TDI) shows the number of consumer complaints with insurance companies is the lowest since 1999, the Insurance Council of...
Nov 20 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
Nov 19 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
Nov 16 2006 // Louisiana’s Legislature needs to overhaul the Louisiana Citizens Property Insurance Corp., created by the state as an “insurer of last resort,” because of problems created by last year’s hurricanes,...
Nov 13 2006 // Six lawsuits against insurance companies over damage claims from Hurricane Katrina once set for trial in 2007 have been delayed by U.S. District Judge L.T. Senter Jr.Senter also says he is willing to consider consolidating...