Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
California Hosts Insurance Recovery Forum for Wildfire Survivors
Jan 9 2009 // California Insurance Commissioner Steve Poizner is hosting town hall-style Insurance Recovery Forums for survivors of the November 2008 wildfires. The first of such town hall meetings was held Jan. 8 in Sylmar, Calif....
Nautilus Promotes Barwick, Levensky
Jan 5 2009 // Kellie Barwick has been promoted to vice president-claims and Kimberly R. Levensky has also been promoted to vice president-claims of Nautilus Insurance Group, effective Jan. 1, 2009. Barwick has been with Nautilus...
2008: Top Stories of the Year
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
Insurer is ‘Torturing’ Policy Using Pollution Exclusion to Deny Death Claims
Dec 22 2008 // U.S. District Judge Lee Rosenthal in Houston has been called upon to rule if Great American Insurance Co. is acting within policy and contract language and in accordance with the required utmost good faith in asserting...
2008: A Year of Financial Storms
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
Farmers Insurance Claims California County Contributed to Wildfire Damage
Dec 19 2008 // The giant Farmers Insurance Group blames Santa Cruz County for contributing to the spread of the summertime Trabing wildfire, which destroyed dozens of homes. Farmers filed $3 million worth of claims saying the county...
Aon Highlights ‘Emerging Risks’ for UK Businesses
Dec 17 2008 // Aon has issued a warning from its London office to UK companies, which indicates that they may “face new insurance claim burdens in 2009 with fraud on the increase and spiraling legal fees.” Aon also said that,...
3 Months After Ike: 730K Claims Filed; 2,300-Plus Complaints Received
Dec 16 2008 // By Dec. 13, 2008, the three-month mark since Hurricane Ike’s landfall on Galveston Island, more than 730,000 insurance claims had been filed, a number that will continue to climb in the year ahead, the Texas...
Texas Windstorm Insurance Association: 63% of Ike Claims Closed
Dec 11 2008 // Texas’ insurer of last resort for wind and hail coverage along the coast reports that 63 percent of claims from Hurricane Ike have been closed and that more than $519 million has been paid to policyholders so...
Georgia: No Single Formula for Insurers Handling Diminished Value Claims
Dec 9 2008 // Georgia Insurance Commissioner John W. Oxendine has issued a directive informing automobile insurance companies in Georgia about the proper handling of diminished value claims. Oxendine ordered all auto insurance companies...
Gary LaFond Joins BlueWave Team
Dec 9 2008 // Honolulu , HI – December 9, 2008 – BlueWave Technology, the Honolulu-based claims management software company, announced today that Gary LaFond has joined the organization as Director of Account Management. Mr....
CLARIFICATION: Public Entity Claims Growth Due to Jump in Members
Dec 5 2008 // The Public Entity Risk Institute (PERI), a nonprofit research institute, wishes to correct a conclusion about its public entity claims database, the PERI Data Exchange, published by Insurance Journal recently. The...
Massachusetts Diocese Pays $4.5M for Abuse Claims
Dec 4 2008 // A Catholic diocese in Massachusetts has paid $4.5 million to nearly 60 people who say they were sexually abused by priests as far back as 1948. The agreements announced Tuesday were part of a voluntary arbitration process...
Premium Rating Errors Cost Auto Insurers $16 Billion, Report Claims
Dec 4 2008 // Premium rating errors by insurance companies resulted in the loss of $16.1 billion of auto insurance premium revenues in 2007, slightly down from the 2006 figure of $16.6 billion — but still almost 10 percent of the...
Workers Comp, Liability Claims Against Public Sector Exploding
Dec 2 2008 // Liability and workers compensation claims against the public sector are multiplying at an unprecedented pace, according to a report from a tracking database maintained by a risk management research organization. In 2008,...
Claims Estimates for Hurricane Ike Still ‘Fluid,’ Commissioner Says
Dec 2 2008 // As of late November, estimates of insured losses from Hurricane Ike, which hit Galveston on Sept. 13, were in the $6 billion to $8 billion range, according to Texas Insurance Commissioner Mike Geeslin. However, Geeslin...
Ohio: $1.2 Billion in Insurance Claims for 3rd Quarter of 2008
Dec 1 2008 // The Columbus Dispatch reports that Ohio had $1.2 billion in insurance claims for the third quarter of the year, trailing only hurricane-hit Texas and Louisiana. That’s up from $62 million in claims during the same...
It Figures
Nov 30 2008 // $90 Million Louisiana Citizens Property Insurance Corporation had paid out $90 million in claims from the 2008 Hurricanes Gustav and Ike, as of mid-November. The company had about 53,000 claims from the two storms; the...
California Wildfires May Take Longer to Settle
Nov 30 2008 // Industry analysts are predicting insured losses from the Freeway Complex, Sayre and Tea Fires that burned Southern California in mid-November will range from $600 million to $800 million. Comparatively, those losses are...
All Claims Are Local
Nov 30 2008 // Multinational Claims Require Knowledge of Culture, Currency and Legal Climate In today’s borderless global economy, claims can arise in just about any part of the world where a company does business. Even small and...
