claims settlement News

Family of Paralyzed Florida Teen Will Get $3.5M Settlement From New Law

The family of a Jacksonville teenager who was left paralyzed by a falling tree limb will receive a $3.5 million settlement under a bill the Legislature sent to Gov. Rick Scott on Tuesday. If Scott signs the bill, Joseph and …

PCI Encouraged by Progress in ‘Trade in Services’ Agreement

David Snyder, the Property Casualty Insurers Association of America’s (PCI) vice president, international policy, has issued the following statement on the progress in the Trade in Services Agreement (TiSA) and launch of the TiSA Business Coalition. “PCI applauds the progress …

Auto Insurance Claimants Happy with Speedier Settlements

Auto insurance customers continue to be pleased with not only with their claims settlement amounts but also with how quickly their claims are being settled. Also, insurance claims adjusters are doing a better job of speeding up the claims process …

N.J. Regulators Offer Tips on Managing Settlement Process Post-Sandy

New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski is offering advice to consumers in an effort to help explain the Sandy claims process. The regulator said that so far, more than 458,000 New Jersey homeowner’s, auto, business …

Insurance Settlement Boosts Gains for McMoRan in Q4 2011

New Orleans-based independent petroleum producer McMoRan Exploration Co. posted a fourth-quarter profit on higher oil prices and a settlement of its 2008 hurricane insurance claims, the company reported Jan. 17. For the October-through-December quarter, McMoRan earned $28.4 million, or 16 …