Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Study: Narcotic Drugs Major Cost in Workers’ Compensation Claims
Dec 29 2009 // When it comes to workers’ compensation prescription costs, narcotic drugs account for nearly one quarter of the cost, according to a new industry study. Despite the serious risks associated with narcotics usage, some...
ABI Finds Trade Credit Insurers Paid ‘Record Amount’ in Q3 Claims
Dec 29 2009 // According to the latest figures compiled by the Association of British Insurers (ABI), trade credit insurers paid out a record amount in claims in the third quarter of 2009. The total amount paid in claims was £125...
Study: Homeowner Insurance Claimants Less Satisfied Than Auto Claimants
Dec 22 2009 // Homeowners insurance customers who file a property claim are much less satisfied with their claims experience than auto claimants, according to a new study. The satisfaction level of homeowners claimants is significantly...
China Responds to UK Claims; Says It’s ‘Sowing Discord’ in Climate Talks
Dec 22 2009 // China condemned claims ascribed to Britain’s climate change minister that it had “hijacked” negotiations in Copenhagen (See IJ web site – ,...
American Claims Management Completes Annual SAS 70 Type II Audit
Dec 14 2009 // San Diego, CA, 12/14/09 – American Claims Management, Inc. (ACM), a leading third party administrator (TPA) of insurance claims services, announced today that it has received its Statement on Auditing Standards No....
Lexington Launches New Claims-Made Casualty Coverage
Dec 9 2009 // Lexington Insurance Co., a Chartis company, has introduced LexTransForm, a claims-made casualty policy with an optional extended reporting period (ERP) that an insured may purchase for a pre-set sliding scale rate. This...
Federal Aid, State Insurance Department Help Still Available for Ike Recovery
Dec 8 2009 // Galveston County residents needing home repair assistance resulting from 2008’s Hurricane Ike can get federal help through a nearly $100 million grant program. In addition, the Texas Department of Insurance reports...
Fraudulent Claims from Hailstorm on the Rise in El Paso
Dec 7 2009 // That fraudulent insurance claims related to a severe hailstorm that hit the city of El Paso, Texas, on Sept. 16 are on the rise comes as no surprise to Ray Niblett. Niblett, an investigator for the National Insurance Crime...
Injury Severity, Not Legal Fees, Drives Workers’ Comp Costs in Illinois
Dec 7 2009 // The severity of injury and level of impairment — not the workers’ legal fees — have the most effect on payout for workers’ compensation claims among Illinois construction workers, researchers at the...
Report Shows White Collar Injury Grows in Importance
Dec 6 2009 // A new study from the California Workers’ Compensation Institute shows that claims from white-collar workers have assumed greater relative importance as the economy has sputtered. The study shows that on average,...
New Jersey Supreme Court Upholds Fee Schedule for PIP Claims
Dec 6 2009 // The New Jersey Supreme Court has ruled the state’s insurance regulator can implement a medical fee schedule for treatments covered by Personal Injury Protection (PIP). The decision upholds an August decision by a...
Options Backdating Settlement Has Important D&O Insurance Implications
Dec 6 2009 // In what may be a watershed event for the directors and officers (D&O) insurance industry, the parties to the consolidated federal options backdating-related shareholders’ derivative lawsuit involving Broadcom...
Floods in the U.K.; Lloyd’s Exchange Gets Rolling; Willis in Deal for Gras Savoye
Dec 6 2009 // A series of violent storms struck the west coast of England, beginning Nov. 19. Cumbria, the county just below the Scottish border, was the most severely affected area, where heavy rain caused extensive flooding in a...
Documents Show How Ex-Cardinal Handled Conn. Sex Abuse Claims
Dec 3 2009 // Recently retired New York Cardinal Edward Egan expressed skepticism over sexual abuse allegations against priests when he was a Connecticut bishop a decade ago, saying he found it “marvelous” that so few...
Oregon Proposes Rules for Producers, Crop Insurance Claims Adjusters
Dec 3 2009 // The Oregon Insurance Division has proposed new insurance licensing rules to, among other things, charge agencies a fee for the cost of criminal records checks, as wells as to establishe new requirements for crop insurance...
Auditors to Review Denied Workers’ Comp Claims in North Dakota
Nov 30 2009 // Auditors will take a new look at denied workers’ compensation claims in North Dakota and also will study the laws defining eligibility for certain benefits. The performance audit of Workforce Safety and Insurance...
Miami Condo Association Sues QBE Insurance Over Hurricane Claims
Nov 25 2009 // A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500 million in damages, claiming bad faith and deception in handling hurricane...
New Jersey Supreme Court Upholds Fee Schedule for PIP Claims
Nov 24 2009 // The New Jersey Supreme Court has ruled the state’s insurance regulator can implement a medical fee schedule for treatments covered by Personal Injury Protection (PIP). The decision upholds an August decision by a...
Florida Lawsuit Claims TD Bank Was ‘Epicenter’ in Alleged Ponzi Scheme
Nov 23 2009 // TD Bank was hit with a multimillion-dollar lawsuit Friday calling it the “financial epicenter” of an alleged Ponzi scheme run by disgraced Florida lawyer Scott Rothstein. The unit of Canada’s...
California Report Shows White Collar Injury Grows in Importance
Nov 20 2009 // A new study from the California Workers’ Compensation Institute shows that claims from white-collar workers have assumed greater relative importance as the economy has sputtered. The study shows that on average...
