Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Fight Over Gulf Oil Disaster Liability Heats Up
Oct 4 2010 // Scores of attorneys jammed a federal courtroom in New Orleans on Sept. 16 to argue for almost immediate access to emails and other documents from BP Plc and its business partners as the legal fight over the Gulf of Mexico...
Mississippi Insurance Chief, Allstate Spar Over Latest Rate Denial
Oct 4 2010 // Allstate Insurance alleges that Mississippi’s insurance chief ignored an internal actuarial report that justifies the insurer’s request for a 44 percent rate increase when he denied the bid. But Insurance...
Fight Over Gulf Oil Disaster Liability Heats Up
Oct 4 2010 // Scores of attorneys jammed a federal courtroom in New Orleans on Sept. 16 to argue for almost immediate access to e-mails and other documents from BP Plc and its business partners as the legal fight over the Gulf of Mexico...
What to Watch in the World of D&O
Oct 4 2010 // Every year it’s worth noting the list of the current hot topics in the world of directors’ and officers’ liability. As should be obvious from this year’s list, there is a lot going on now, with...
New Commercial Roof Types and Materials Challenge Claims Pros
Oct 4 2010 // Commercial roofing, already complicated, is getting more so as new types and materials are being introduced, according to a leading engineer who specializes in assessing roof losses for insurers. Kenneth R. Gilvary, a...
People
Oct 4 2010 // Salt Lake City-based The Buckner Co. named Mark A. Oligschlaeger executive vice president/chief operations officer. He joins the insurance firm after having spent the past 12 years working for Leucadia National Corp.,...
Homeowners’ Madoff Claims Not Covered Under AIG Policy: Judge
Oct 1 2010 // American International Group Inc. need not make payments to some former Bernard Madoff clients who said their homeowner insurance policies entitled them to coverage for alleged losses, a judge ruled. Two California...
Calif. May Stop Paying Some Workers’ Comp Benefits
Oct 1 2010 // About 2,700 injured workers in California may not receive the workers’ compensation benefits they are entitled to because the state has not yet passed its budget. According to Susan Gard, chief of legislation and...
UK Auto Market ‘Saturated’ as Claims Rise Says Towers Watson Study
Sep 30 2010 // “The cost of injury claims in the UK car insurance market has grown recently by nearly 30 percent per annum concludes a study, based on industry data, compiled by Towers Watson (TW). TW also noted that the findings...
Many Denied Oil Disaster Claims to Get Second Look
Sep 30 2010 // The administrator of BP’s $20 billion fund to compensate people harmed by the Gulf of Mexico oil spill says some whose claims were denied will get paid after all. Kenneth Feinberg says the Gulf Coast Claims Facility...
Post-Katrina Duties and Liabilities of Insurance Agents and Brokers
Sep 30 2010 // Following Hurricane Katrina, many insurance agents and brokers found themselves being sued by their customers when they realized that they were underinsured for their losses caused by the hurricane. It is fair to say that...
Federal Court to Hear West Virginia Families’ Claims Against DuPont
Sep 29 2010 // A federal court will hear the complaints of 14 West Virginia families who blame illnesses ranging from cancer to rashes on long-term exposure to toxic waste piled up at a former DuPont zinc-smelting plant. Lead plaintiffs...
Dow Settles Hazardous Chemical Exposure Claims with Alabama Miners
Sep 29 2010 // Dow Chemical Co. and Flexible Products Co. settled with nearly 1,400 miners in an Alabama court over the miners’ claims they were exposed to hazardous chemicals, Dow said Tuesday. The surprise settlement involving...
Lloyd’s Sees Record Claims, Continued Pricing Decline; Considers Russia Office
Sep 28 2010 // The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in...
Mississippi Insurance Chief Pushes Back At Allstate Rate Complaint
Sep 27 2010 // Allstate Insurance alleges that Mississippi’s insurance chief ignored an internal actuarial report that justifies the insurer’s request for a 44 percent rate increase when he denied the bid. But Insurance...
Texas Workers’ Comp Division Announces August Enforcement Actions
Sep 24 2010 // Texas Commissioner of Workers’ Compensation Rod Bordelon recently announced final disciplinary actions taken in August by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC)....
Lloyd’s Program Aims to Increase Claims Talent
Sep 24 2010 // Lloyd’s has announced that it will establish a dedicated program to recruit and train 50 claims professionals over the next five years, which it said is equivalent to “10 per cent of claims personnel currently...
Fremont Offers to Waive Deductible for Seasonal Homeowners Claims
Sep 24 2010 // Fremont, Mich.-based Fremont Michigan InsuraCorp Inc. is offering its homeowners insureds a checklist for closing seasonal dwellings, along with an additional incentive — an offer to waive the policyholder’s...
Poor Service Leads to Fraudulent Insurance Claims, Survey Finds
Sep 22 2010 // More than half (55 percent) of U.S. consumers say poor service from an insurance company is more likely to cause an individual to commit fraud against that company, according to a survey by Accenture. The survey also...
New Commercial Roof Types and Materials Challenge Claims Pros
Sep 20 2010 // Commercial roofing, already complicated, is getting more so as new types and materials are being introduced, according to a leading engineer who specializes in assessing roof losses for insurers. Kenneth R. Gilvary, a...
