GALVESTON, Texas, Oct. 9 /PRNewswire-FirstCall/ -- American National Insurance Company , 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 in Galveston, 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/.
