Published:
American National Offers Relief to Individuals Adversely Affected by the Apparent Theft of a Former Agent
GALVESTON, Texas, Oct. 9 /PRNewswire-FirstCall/ -- American National
Insurance Company (Nasdaq: ANAT), and its subsidiary, American National
Property and Casualty Company learned, shortly after Hurricane Ike, that one
of its agents had failed to forward to the Texas Windstorm Insurance
Association premiums given to him by customers to obtain windstorm coverage.
Although in the windstorm insurance transactions the agent was not
representing the American National companies, they are taking action to assist
the individuals whose premiums were not paid to TWIA.
It appears that about 75 families were affected. While the former agent's
actions were not on behalf of the American National Family of Companies, and
the companies would not be liable for these actions, the companies will offer
to pay claims from Hurricane Ike that would have been payable under the Texas
Windstorm Insurance Association policies if they had been in force. For
individuals with no claims, the American National companies will offer to
refund the premiums.
The American National Family of Companies has always maintained customer
satisfaction as a very important value. This response to the situation
encountered by these individuals is just continuing proof of our commitment to
this principle.
American National Insurance Company is headquartered inGalveston, Texas.
American National has over $18.9 billion in assets and is rated A+ (Superior)
by A.M. Best Company, and AA (Very Strong) by Standard & Poor's. The American
National family of companies offers a broad line of products and services,
which include life insurance, annuities, health insurance, credit insurance,
pension plan services and property and casualty insurance for personal lines,
agribusiness, and targeted commercial exposures. American National's major
insurance subsidiaries include American National Life Insurance Company of
Texas, Standard Life and Accident Insurance Company, Garden State Life
Insurance Company, American National Property and Casualty Company, Farm
Family Life Insurance Company, Farm Family Casualty Insurance Company and
United Farm Family Insurance Company.
For more information, including company news and investor relations
information, visit the company's web site at http://www.anico.com.
SOURCE American National Insurance Company
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,INS,TX-ANAT-Offers-Relief
_ _Is your favorite bookmark site missing?
Ask for it.
Search News
Daily News
