Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
More Optimism, but Plenty of Controversy Surrounds Mortgage Broker Errors and Omissions Market Segment
Oct 17 2011 // Insurance agents serving the mortgage broker marketplace see some signs of improvement but they aren’t yet jumping for joy. The mortgage brokers error and omissions (E&O) market became severely strained when the...
Cheaper Isn’t Better in Property Loss Cost Containment
Oct 17 2011 // How carriers and adjusters respond to property losses can reduce the impact of the claims as well as the costs, according to Lynne Jurek Shannon and Doris T. Bobadilla, defense attorneys with the Galloway, Johnson,...
Few Keep Inventory of Home Property
Oct 17 2011 // It only takes one fire, tornado or hurricane to completely destroy everything you own. Insurance adjusters frequently work with homeowners who have lost everything, but for those who have not taken an inventory of their...
How Hospitals Benefit from Data-Rich Malpractice Insurers
Oct 14 2011 // Hospitals and hospital groups should seek clarity from their malpractice insurers on the loading applied to premiums to account for claims inflation, according to Lloyd’s insurer Beazley. Specialist insurer Beazley...
In Few Years, Social Network Data May Be Used in Underwriting
Oct 13 2011 // The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring Facebook and other social network pages of the...
Few Keep Inventory of Home Property
Oct 6 2011 // It only takes one fire, tornado or hurricane to completely destroy everything you own. Insurance adjusters frequently work with homeowners who have lost everything, but for those who have not taken an inventory of their...
Deadline Nears to Submit Claims in Bayer Rice Case
Oct 4 2011 // The deadline is approaching for rice farmers to submit claims in order to share in the settlement of a lawsuit against Bayer CropScience over genetically modified rice that was inadvertently introduced into the U.S....
Mass. Businessman Charged with Filing False Claims, Stealing $40K
Oct 4 2011 // A Waltham, Mass., businessman who is alleged to have stolen nearly $10,000 with his insurance fraud and another $30,000 in a separate unemployment fraud scheme is scheduled to appear in court this week. In mid-August, John...
Cross Border Claims Frustrate Auto Carriers
Oct 3 2011 // Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits. Some U.S.-based adjusters...
Wells Publishing to Launch New Claims Journal Magazine
Oct 3 2011 // Wells Publishing Inc. has plans to launch Claims Journal magazine, a quarterly publication targeting claims professionals in the property/casualty insurance industry. The new magazine, scheduled to launch the first quarter...
State Farm: Weather Claims Reach $5 Billion
Oct 3 2011 // State Farm Insurance has paid $5 billion to its customers for weather-related catastrophes — damage to cars, homes and other property so far this year — the company said. That payout has been increased by wildfires,...
People
Oct 3 2011 // State Auto Insurance’s previously announced Austin, Texas, claims facility is now operational, the company reported. The following individuals serve on the claims team at the Austin facility: Sandra Robinson, claims...
Virginia Court: Insurer Not Liable For Global Warming Claims
Oct 3 2011 // The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming. The high court ruled that Steadfast Insurance Co., which provided commercial general liability...
State Farm: Weather Claims Reach $5 Billion
Oct 3 2011 // State Farm Insurance has paid $5 billion to its customers for weather-related catastrophes — damage to cars, homes and other property so far this year — the company said. That payout has been increased by wildfires,...
People
Oct 3 2011 // The National Association of Mutual Insurance Companies (NAMIC) presented the Federal Legislator of the Year Award to U.S. Rep. Judy Biggert, R-Ill., at its annual convention in Indianapolis. Biggert currently serves as...
Irene Generated 28,500 Insurance Claims in Massachusetts
Sep 30 2011 // Tropical Storm Irene has generated an estimated 28,500 claims, totaling over $90 million in Massachusetts, according to latest estimates by the state’s insurance division. The totals include 4,800 claims of $15.6...
Kansas Storm Damage Insurance Claims Set Record
Sep 30 2011 // Spring and summer storms in Kansas have led to more than $1 billion in insurance claims this year. The Kansas Department of Insurance reported that the 197,000 claims have been filed for property and crop damage. The...
For Some in Midwest Deadline for Flood Claims Is Today
Sep 29 2011 // The federal government is warning those who suffered losses from Missouri River flooding this summer that deadlines to file insurance claims are approaching. The Federal Emergency Management Agency says that for some...
Port Authority Cleared of Negligence Claims in ’93 WTC Bombing
Sep 28 2011 // Last week, New York State’s high court cleared Port Authority of New York and New Jersey of negligence claims in the 1993 World Trade Center parking garage bombing. The Sept. 22 ruling reverses lower courts’...
State Farm: Weather Claims This Year Reach $5 Billion
Sep 26 2011 // State Farm Insurance has paid $5 billion to its customers for weather-related catastrophes — damage to cars, homes and other property so far this year — the largest U.S. insurer of homes and cars said...
