Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Judge Tosses Most Supermarket Data Breach Claims
May 14 2009 // Only those customers who weren’t reimbursed for fraudulent charges may sue the Hannaford Bros. supermarket chain over a data breach that exposed 4.2 million credit and debit card numbers to computer hackers, a...
Marsh & McLennan Settles Connecticut Price-Fixing Claims
May 8 2009 // Marsh & McLennan Cos. Inc., the New York-based insurance broker and consulting firm, has agreed to pay $2.4 million to the state of Connecticut to settle claims of bid rigging, price fixing and receiving...
Pennsylvania Supreme Court Upholds Denial of Coverage for Late Notice
May 7 2009 // The Property Casualty Insurers Association of America (PCI) is trumpeting a decision by the Pennsylvania Supreme Court that it says upholds the importance of enforcing the plain meaning of insurance contract language. The...
Insurance Claims from South Carolina Wildfire to Top $25 Million
Apr 29 2009 // Insurance companies expect claims from a South Carolina wildfire that has destroyed more than 70 homes near the coast to top $25 million. Allison Dean Love with the South Carolina Insurance News Service said the $25...
Texas Agents Rate Companies on 2008 Hurricane Response
Apr 24 2009 // Insurance companies responding to last year’s hurricanes Dolly and Ike were given generally good marks by independent agents along the Texas coast in a recent member survey by the Independent Insurance Agents of...
Corporate Defaults, Bankruptcies and D&O Claims
Apr 20 2009 // Deteriorating economic conditions threaten a massive wave of corporate defaults. Corporate borrowers’ inability to fulfill debt obligations could prompt a bankruptcy filing surge and lead to lawsuits as creditors and...
People
Apr 20 2009 // The Association of Professional Insurance Women Inc. (APIW) has selected Chubb Group Executive Vice President Janice Tomlinson as its “Insurance Woman of the Year.” Tomlinson, who has been employed by Chubb...
Medical Liability Claims-Made Policies
Apr 20 2009 // Challenges to the Notice Requirement Medical malpractice liability insurance policies, like most professional liability insurance policies, are typically “claims-made” policies. While there are variations,...
Medical Liability Policies Are Typically Claims-Made
Apr 20 2009 // Retroactive Period Serves to Limit Liability Period Medical malpractice liability insurance policies, like most professional liability policies, are typically “claims-made” policies. Claims-made policies...
Colorado Defeats Unfair Claims Settlement Practices Bill
Apr 20 2009 // Colorado lawmakers voted down SB 103, the Unfair Claims Practices Act. The legislation was killed in the House Health and Human Services Committee in a 6-5 vote. The bill would have “defined as an unfair claim...
Special Delivery: Added Value with Cargo Insurance
Apr 20 2009 // As Cargo Theft Rises, Carriers’ Special Investigative Units Offer Relief A driver pulls into a truck stop, heads inside to shower and eat — and then discovers his fully loaded trailer gone when he returns. A...
Frequency Down but Severity Still a Problem for Medical Liability Insurers
Apr 20 2009 // Like just about any company anywhere on earth, medical liability insurers lost money on their equity investments in 2008 due to the meltdown in the U.S. and worldwide economies in the latter half of the year. However, for...
Finding Solutions for Emerging E&O Risks
Apr 20 2009 // Excess and Surplus Lines Market Offers a Place For Challenging Risks Since all service providers face the potential of law suits related to real or perceived “errors and omissions,” E&O coverage has become...
Willis Finds Credit Crunch Fallout Raises Financial Premiums by 15%
Apr 17 2009 // A report from FINEX Global, Willis’ London-based Financial, Executive Risk and Professional Liability business, has found that financial institutions (FI) face “an average premium hike of 15 percent in early...
Survey: Claims Handling is the Key to Winning over Agents
Apr 15 2009 // Quality claims handling is the most important factor to independent agents in evaluating an insurer, according to a recent survey of 450 agents conducted by the Professional Insurance Agents Associations (PIA) of...
Oklahoma Commissioner Declares Emergency After Wildfires
Apr 13 2009 // Oklahoma Insurance Commissioner Kim Holland has declared a state of emergency to allow insurance companies to more rapidly respond to the recent Oklahoma wildfires. The declaration enables emergency adjusters to be...
Colorado Defeats Unfair Claims Settlement Practices Bill
Apr 10 2009 // Colorado lawmakers voted down SB 103, the unfair claims practices act. The legislation was killed in the House Health and Human Services Committee in a 6-5 vote. The bill, if it had passed, would have “defined as an...
Marsh Finds Growing Demand for D&O Coverage as Claims Rise
Apr 9 2009 // “Concerns about the global economy, shareholder action, litigation, and the increasing engagement by regulators are fuelling demand for Directors’ and Officers’ (D&O) insurance,” according to...
Economic Downturn Presents Mixed Results for Workers’ Comp Market
Apr 6 2009 // The economic and financial downturn will have a mixed impact on the workers’ compensation insurance market, say industry analysts. Harry Shuford, chief economist for the National Council on Compensation Insurance...
People
Apr 6 2009 // The Professional Insurance Agents of Connecticut Inc. (PIACT) elected new officers. They are: President James Goodman, who is president of Goodman Insurance Inc. in Shelton; President-elect Howard Olderman, who is...
