Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Florida CFO Atwater Seeks Claimants’ Feedback on BP Oil Claims
Feb 11 2011 // Florida Chief Financial Officer Jeff Atwater is asking the state’s business community and BP oil spill claimants for their input regarding the claims handling process of the Gulf Coast Claims Facility. Specifically,...
Allstate Profit Falls as Auto, Catastrophe Claims Rise
Feb 10 2011 // Allstate Insurance net income fell 43 percent in the fourth quarter as rising claims from auto insurance customers and catastrophes took their toll. Allstate’s fourth quarter 2010 net profit was $296 million compared...
Judicial Oversight Could Mean Changes for BP Claim Fund
Feb 10 2011 // Kenneth Feinberg, the formerly freewheeling administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come...
Report: Calif. Health Insurers Deny 26% of All Claims
Feb 10 2011 // California’s largest, private health insurers rejected 26 percent of all claims –13.1 million — submitted for the first three quarters of 2010, according to new findings by the Institute of Health and...
Investigation Solutions Saves Client $50,000 on Fraudulent Workers’ Compensation Claim
Feb 10 2011 // San Diego, CA, 02/10/11 – Investigation Solutions, Inc., the subsidiary of American Claims Management, Inc. (ACM) that handles fraud and special investigations, announced its first fraud arrest for 2011. A suspicious...
Florida Senate Committee Postpones Vote on Property Legislation
Feb 8 2011 // For the second straight week, the Florida Banking and Insurance Committee failed to reach a final vote on its comprehensive property insurance bill. The delay comes as committee members remain bogged down over how to...
Connecticut Collected $6M in Recovered Claims and Fines Last Year
Feb 7 2011 // Connecticut regulators say they recovered approximately $3.4 million last year for consumers who complained that their insurers mishandled their claims – and then handed out another $2.35 million in fines against...
Growing Waistlines Costing Economy in Large Proportions
Feb 7 2011 // Measurements of the cost of obesity to the U.S. economy, as well as the workers’ compensation system are growing, becoming an “epidemic,” according to recent research. The studies show that the total...
Chinese Drywall: Cracks in Coverage Claims?
Feb 7 2011 // Although not in the national news as much lately, Chinese drywall continues to disrupt the lives and finances of thousands of homeowners and other users of the product. In the courts, homeowners are fighting to obtain...
Issues to Consider When Placing Professional Liability
Feb 7 2011 // When placing coverage for your clients, with a fair degree of frequency your agency will need to look at placing professional liability — a/k/a errors and omissions — coverage for those risks. Typically, when thinking...
Lloyd’s Warns of Increases in Fraudulent Claims
Feb 7 2011 // Fraud is a fact of life for the insurance industry – part of the game so to speak. While some claims, as Lloyd’s notes in an article on its web site, may cause people to smile, the amount of money they cost the...
Insurance Industry Can Help Pizzerias Avoid Losses on Super Bowl Sunday
Feb 4 2011 // Americans will consumer 30 million slices of pizza on Sunday, making Super Bowl Sunday one of the busiest day of the year for pizza chains. Papa Johns, the official pizza sponsor for Super Bowl XL, expects to have its...
Claims Chief Feinberg Says Gulf to Recover from BP Oil Spill by 2012
Feb 4 2011 // The Gulf of Mexico should recover from the massive BP oil spill by the end of 2012, the administrator of the $20 billion victims compensation fund said. By that time, most of the harmful effect of the worst offshore oil...
Judge Finds Claims Fund Chief Feinberg Not Independent of BP
Feb 3 2011 // The administrator of BP Plc’s $20 billion fund to compensate victims of the Gulf oil spill is not independent and the oil company must refrain from calling him “neutral,” a federal judge ruled on...
Oklahoma Seeks Out-of-State Adjusters to Help with Storm Claims
Feb 2 2011 // Oklahoma Insurance Commissioner has issued an emergency order granting licenses to insurance adjusters form other states to help cope with claims expected as a result of a major winter storm. The state is among those being...
91,000 Gulf Oil Spill Claimants, BP Partner Gets Only Final Payment
Feb 2 2011 // BP’s compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a...
Mississippi AG Asks Court to Intervene in BP Oil Spill Claims Fund
Feb 2 2011 // U.S. courts must compel the administrator of BP’s $20 billion oil spill fund to meet his legal obligations and stop short-changing victims of the Gulf of Mexico disaster, Mississippi said on Tuesday. Until now,...
Washington Approves 12% Workers’ Comp Rate Hike
Jan 31 2011 // Washington’s Department of Labor & Industries (L&I) has approved an increase to the state’s workers’ compensation premium rates by an average 12 percent or 6.5 cents per hour for 2011. The new...
Mississippi AG Wants Judge to Take Over BP Oil Spill Claims
Jan 27 2011 // Mississippi Attorney General Jim Hood is asking for the federal judge in charge of the litigation surrounding the BP oil spill to take over the Gulf Coast Claims Facility process. Hood filed a “Statement of Interest...
