Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
4 Things Agents Should Do to Avoid E&O Claims
Jun 6 2011 // After handling insurance coverage claims for years, a distinct pattern has emerged: sometimes the insurance agent gets “caught in the middle” of a dispute between the policy holder and the insured. Often,...
People
Jun 6 2011 // Marsh & McLennan Cos. appointed Daniel S. Glaser to the newly created position of group president and chief operating officer. Glaser previously had been chairman and CEO of Marsh. He will continue to report to Brian...
Florida Judge: Insurance Covers Chinese Drywall Claims
Jun 6 2011 // A Florida judge has ruled that a couple’s damage from tainted Chinese drywall is covered by their homeowner insurance policy. Hillsborough County Circuit Judge Robert Foster said he found no exclusion in the Teachers...
People
Jun 6 2011 // West Virginia Insurance Commissioner Jane L. Cline will retire after 10 years on the job. Gov. Earl Ray Tomblin said Cline’s retirement will become effective June 30, 2011 and that he will name a replacement in the...
Florida Firm Inspires Workers’ Comp TV Sitcom
Jun 6 2011 // Lights…Camera…Action” is not a phrase often used within the insurance industry. That’s about to change thanks to a new television show created to document the comedic aspect of adjusting...
State Farm Storm Claims in Hundreds of Thousands
Jun 6 2011 // State Farm says it has paid almost $1 billion on about 300,000 catastrophe claims from devastating storms across the central and southeastern United States over the past two months. Around 284,000 of the claims are from...
9,000 Claims Already Filed for Cars Lost in Joplin, Missouri
Jun 3 2011 // Many Joplin, Mo., residents are trying to figure out how to recover from the devastating tornado with no means of transportation. City officials estimate that about 18,000 vehicles were damaged or lost during the May 22...
State Farm Storm Claims in Hundreds of Thousands
May 31 2011 // State Farm says it has paid almost $1 billion on about 300,000 catastrophe claims from devastating storms across the central and southeastern United States over the past two months. The Pantagraph in Bloomington reported...
West Virginia Reports Rise in Claims Awarded Against State
May 26 2011 // Monetary claims awarded against the state of West Virginia more than doubled in the past year. The state Court of Claims says in its 2011 annual report that it approved $8.4 million worth of awards, compared to $3.8...
Oklahoma Insurance Commissioner Declares Emergency Following Tornado Outbreak
May 26 2011 // Oklahoma Insurance Commissioner John Doak has issued an emergency order that will enable licensed out-of-state claims adjustors to immediately assist Oklahomans who suffered damage and losses from the May 24 tornado...
Florida Hurricane Fund Gets More Time on Claims
May 19 2011 // The Florida Hurricane Catastrophe Fund has been given more time to respond to an influx of claims from 2005 storms. A state panel chaired by Gov. Rick Scott approved an emergency rule waiving a 60-day deadline for acting...
Lloyd’s Ark Syndicate Moves to ‘All in One’ Electronic Claims
May 19 2011 // Slowly, but surely the electronic revolution is gaining ground at Lloyd’s and throughout the London market generally. Ark Syndicate Management Limited at Lloyd’s became the latest to make the jump with the...
Suit Says USAA Unfairly Denied Car Crash Claims
May 18 2011 // A Salem, Ore., attorney has filed a lawsuit accusing USAA Insurance Co, which represents military members and their families, of fraudulently denying claims after car crashes. The Salem Statesman Journal reports the suit,...
Florida Gov. Scott Signs Property Insurance Cost Control Bill
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. While the memory of former Governor Charles...
Australia Flood, Cyclone Claims Assessments near Completion Says ICA
May 17 2011 // According to a bulletin on its web site, the Insurance Council of Australia has released updated figures on “how the general industry has responded to the enormous task of assessing over 118,000 insurance claims...
Claims Journal Names Johnson Associate Editor
May 16 2011 // Wells Publishing Inc., publisher of Insurance Journal, Claims Journal and MyNewMarkets.com, recently hired Denise Johnson as associate editor of Claims Journal. Johnson’s background includes various claims positions,...
Lloyd’s Estimates Losses from Q1 Disasters at $3.8 Billion
May 13 2011 // After careful calculation Lloyd’s has announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia. The current net estimates were...
Japan Approves Tepco Nuclear Claims Plan; Banks’ Help Eyed
May 13 2011 // Japan’s government agreed on Friday to set up a fund with taxpayer money to help Tokyo Electric Power compensate victims of the crisis at its tsunami-crippled nuclear plant and avoid financial collapse. The...
American Family Mutual Insurance to Pay $1M to Arizona Homeowners
May 12 2011 // The Arizona Department of Insurance announced that American Family Mutual Insurance Co. will be paying approximately $1.1 million to more than 5,000 homeowner claimants. In the course of investigating a complaint, the ADOI...
ACE Names Hageman Senior VP for Global Personal, Small Business Claims
May 12 2011 // The ACE Group of insurance and reinsurance companies has appointed Jim Hageman as senior vice president for claims for global personal and small commercial insurance. Hageman will lead the global claims operations for...
