Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Plans to Reform Texas Wind Pool Taking Shape
Apr 4 2011 // Two Texas lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of...
Montana Workers’ Comp Claims Decrease 5%
Apr 1 2011 // Montana workers’ compensation claims have decreased by more than 5 percent in the past year, state Insurance Commissioner Monica J. Lindeen announced. The National Council on Compensation Insurance (NCCI) recently...
Whistleblower Sues California Nuclear Plant, Claims Firing Retaliatory
Mar 31 2011 // A former manager at one of California’s two nuclear power stations sued the facility’s operators Wednesday, claiming he was fired in retaliation for reporting safety concerns at the plant. The suit against...
Lloyd’s ‘Confident’ It Can Cope with Japan Claims
Mar 30 2011 // The Lloyd’s of London insurance market is confident it can deal easily with claims from Japan’s earthquake even though natural disasters almost halved its profit last year. Lloyd’s said its businesses had...
American Claims Management Appointed TPA for Large Self-Insured Group
Mar 30 2011 // San Diego, CA, 3/30/11 – American Claims Management, Inc. (ACM) has been appointed as the third party claims administrator for the California Restaurant Mutual Benefit Corporation (CRMBC), the largest self-insured...
Major Class Action Sex Discrimination Case Goes Before Supreme Court
Mar 25 2011 // The largest class-action sex-discrimination lawsuit ever will be argued before the U.S. Supreme Court March 29, pitting Wal-Mart Stores Inc. against female employees who seek billions of dollars. The justices will decide...
Missouri Approves First $50K in Line of Duty Claims from Comp Fund
Mar 24 2011 // Missouri workers’ compensation regulators recently approved payment to families of individuals killed in the line of duty to protect the public. The Missouri Labor Department’s Division of Workers’...
AIG Expects ‘Minimal’ Effects from Japan Claims
Mar 24 2011 // American International Group Inc. said Wednesday it expects “minimal net effects” from the recent earthquake and tsunami on the financial condition of its local Japanese operations, including those of Fuji Fire...
Colorado Bill Restricting Homeowners Insurance Cancellations Defeated
Mar 23 2011 // The Colorado House Economic and Business Development Committee has voted 9-4 to defeat a bill that homeowner’s insurance carriers say would have restricted their underwriting freedoms and their ability to provide...
Insurer Shares Relatively Unaffected by Japan Damage Estimates
Mar 23 2011 // Insurer shares largely shrugged off the industry’s first round of damage estimates from this month’s earthquake in Japan, which may prove to be the world’s costliest disaster. Munich Re and Hannover Re,...
Munich Re Estimates Japan Quake, Tsunami Claims over $2 Billion
Mar 23 2011 // Munich Re announced that it has estimated its claims burden from the earthquake and tsunami in Japan at around €1.5 billion [$2.128 billion], after retrocession and before tax. As a result Munich Re said its...
London Broker Sees Some Libya Claims, but Situation is Unclear
Mar 23 2011 // London-based Lloyd’s insurance and reinsurance broker United Insurance Brokers (UIB) has indicated that there may be some insurance exposure as a result of the unrest in Libya, and the decision by the UN to sanction...
Texas Lawmakers Roll Out Plans to Reform Wind Pool
Mar 21 2011 // Two lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of Representaives...
The Funnel of Agency E&O Claims
Mar 21 2011 // This industry is filled with confusing and often contradictory recommendations regarding how to avoid E&O claims. This is frustrating for me, so I know it is frustrating for agents. I believe the source of the...
Swiss Re Estimates Japan Earthquake, Tsunami Claims at $1.2 Billion
Mar 21 2011 // Swiss Re has released a preliminary estimate of its claims costs, net of retrocession and before tax, from the earthquake and the tsunami in Japan of $1.2 billion. The reinsurer cautioned that these “estimates are...
Regulators Take Over TWIA; Reform Bill Filed
Mar 21 2011 // Management of the Texas Windstorm Insurance Association was taken over by the Texas Department of Insurance in late February as lawmakers and regulators criticized the association’s adminstrative functionality and...
No-Fault Claims Top New York Insurance Fraud List
Mar 15 2011 // Almost nine in 10 suspected health care fraud cases in New York last year came from no-fault auto injury claims, a cottage industry so rife with abuse that the state Insurance Department wants to tighten...
American Claims Management Announces New Business Relationship With Sparta
Mar 14 2011 // San Diego, CA, 3/14/11 – American Claims Management, Inc. (ACM) announced a new business relationship with SPARTA Insurance. Effective March 1, 2011, ACM began handling workers’ compensation claims for policies...
Report Calls Into Question Use of Addictive Narcotics in Workers’ Comp Claims
Mar 11 2011 // A relatively small percentage of medical providers are responsible for writing narcotic prescriptions in California workers’ compensation claims, according to a new report by the California Workers’...
BP Oil Spill Claims Chief Feinberg to Face Florida Lawmakers
Mar 10 2011 // The man in charge of paying BP claims for the Gulf oil spill will soon face a Florida legislative committee to answer questions about how the compensation scheme is going. Kenneth Feinberg, the lawyer who is overseeing the...
