Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
North Carolina Officials Want Answers on Flood Claims
Nov 3 2011 // Two North Carolina state officials want flood insurance claims adjusters to return to areas pummeled by Hurricane Irene to ensure home and business inspections are performed adequately so damage claims can be resolved as...
Steamship Mutual Sets 5% Premium Increase for 2012
Nov 3 2011 // The Directors of the London-based Steamship Mutual P&I Club “recently reviewed the Club’s open policy years, as well as claims in earlier years, and considered the premium ratings required for the 2012...
Insurer Sues Manufacturer Over South Dakota Collapsed Pool Claims
Oct 31 2011 // An insurance company is suing the maker of a portable pool to try to recoup money paid out as a result of a collapsed pool at the Mitchell Aquatic Center in Mitchell, S.D. The Mitchell Daily Republic reports Nautilus...
New York Railroad Workers Charged in $1 Billion Disability Claims Fraud
Oct 28 2011 // U.S. prosecutors charged 11 people Thursday in connection with an alleged $1 billion fraud involving hundreds of railroad workers filing false disability claims. In some cases, workers claimed they were unable to work even...
Auto Claims Considered Total Loss Deliver Less Customer Satisfaction: J.D. Power
Oct 27 2011 // Auto insurance claimants who incur a total vehicle loss are notably less satisfied with the claims experience than claimants who incur a repairable vehicle claim, a new study reports. Satisfaction averages 811 on a...
West Virginia Insurers Pay More for Deer-Related Auto Accidents
Oct 27 2011 // West Virginia auto insurers are paying more for deer-related accident claims despite the fact that fewer drivers are involved in deer-related crashes. The West Virginia Department of Insurance has released its 2010 study...
Pacific Claims Services, a Subsidiary of American Claims Management, Appointed Jayne Miller as Vice President of Managed Care
Oct 27 2011 // San Diego, CA, 10/27/11 – Pacific Claims Services, a subsidiary of American Claims Management, Inc., has appointed Jayne Miller as vice president of its Managed Care Division. Pacific Claims Services provides full...
California AG Sues Water Bottle Companies over Biodegradability Claims
Oct 26 2011 // Attorney General Kamala D. Harris filed a “greenwashing” lawsuit on Wednesday against three companies alleged to have made false and misleading claims by marketing plastic water bottles as “100 percent...
Travelers Latest to Add to Asbestos Reserves
Oct 19 2011 // Travelers Cos. is the latest large insurance company to say the asbestos problem, which the industry was supposed to have put behind it long ago, has not gone away and may be getting worse. Travelers put 25 percent more...
Predictive Analytics Being Used to Manage Agencies, Curb Fraud
Oct 17 2011 // Earlier this year, experts at WallStreet & Technology (wallstreetandtech.com) identified predictive analytics and cloud computing as two of six hot technologies that will transform the insurance industry in 2011 and...
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...
