All the headlines from our Policyholder Topic Page, ordered by recency.
Aug 28 2005 // California’s State Compensation Insurance Fund announced that it will disclose broker commissions to policyholders beginning Oct. 1, 2005. Insurance quotes and terms letters will display the commission rate paid to...
Aug 25 2005 // The Utah Supreme Court has declared that Workers Compensation Fund’s assets are owned by policyholders, not the State of Utah. The ruling in favor of WCF settles long-standing challenges by the State of Utah and...
Aug 22 2005 // Like a hurricane rolling in from the Atlantic, a panel on hurricane insurance claims, moderated by Rudy Valdez-Diaz, a past-president of the Latin American Association of Insurance Agents, went into high-gear during the...
Aug 18 2005 // Standard & Poor’s Ratings Services has given a definite maybe to a newly unveiled reform plan for Korea’s insurers. The rating agency called the plan “a good start towards enhancing the...
Aug 18 2005 // The Hartford Financial Services Group Inc. has introduced an online Premium Audit Reporting tool to simplify the process of submitting information to reconcile insurance premiums.Most commercial insurance premiums are...
Aug 18 2005 // The Office of Financial and Insurance Services (OFIS) announced that Michigan consumers will receive compensation as part of a negotiated settlement with insurance brokerage Aon Corporation.Nearly 8,000 Michigan citizens...
Aug 11 2005 // The Florida Office of Insurance Regulation reserved a high school auditorium for five hours so that homeowners could voice their opinion on Allstate Floridian Insurance Company’s request to increase rates by 30...
Aug 8 2005 // London insurance companies long-tail liabilities to U.S. policyholders that resort to so-called “solvent schemes” to cut off claims and avoid liquidation have been dealt a serious blow.An English High Court...
Aug 8 2005 // One of the most problematic insurance questions that developed following the destruction of the World Trade Center on Sept. 11, 2001, involved business interruption coverage.With the destruction of the World Trade Center...
Aug 8 2005 // NationalPoll Reveals Americans’ Views on Aging: A poll by the MetLife Mature Market Institute conducted by Zogby International shows that 60 percent of Americans believe “old” is age 71 and over, but that...
Jul 26 2005 // The Pennsylvania Supreme Court has held that property insurance coverage for the “collapse” of a building is ambiguous and should be construed in favor of policyholders. The court granted coverage in instances...
Jul 25 2005 // A recently-launched new Code of Practice for the Australian insurance industry will mean general insurers will meet higher, measurable performance standards for dealing with customers, including settling claims in specific...
Jul 24 2005 // Without hearing arguments, the Pennsylvania Supreme Court has upheld a lower court ruling that permits four corporations to bypass the state regulator’s liquidation procedures involving failed carrier Legion...
Jul 22 2005 // London insurance companies facing asbestos, pollution and other long-tail liabilities to U.S. policyholders that resort to so-called “solvent schemes” to cut off claims and avoid liquidation have been dealt a...
Jul 21 2005 // Insurance Commissioner John Garamendi issued the following statement today in regard to the jury’s award of $700 million in punitive damages against Artemis S.A. for its participation in a conspiracy to defraud the...
Jul 20 2005 // Proformance Insurance Company, the largest subsidiary of National Atlantic Holdings Corporation and a domestic New Jersey insurer, today announced that its Loyalty Loss Free Discount Program for its auto insurance...
Jul 19 2005 // Utah’s Workers Compensation Fund has declared a $20 million dividend that will be distributed to a majority of policyholders this August. Policyholders can expect to receive 9.25 percent of their earned premium...
Jul 18 2005 // The Louisiana Workers’ Compensation Corporation for second year in a row declared a dividend and will return $15.8 million to qualifying policyholders this year. The company believes it to be the largest single...
Jul 18 2005 // ArkansasP/C Claims Reports Hearing Scheduled The Arkansas Insurance Department will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and...
Jul 14 2005 // The last three months have witnessed a period of stability and consolidation in overall capacity of the directors and officers market.Premium rates, however, continue to reduce and brokers continue to drive improved...