American National Responds to Alleged Misconduct

Texas-based American National Insurance Company, and its subsidiary, American National Property and Casualty Company learned, shortly after Hurricane Ike, that one of its agents had reportedly 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.