Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
2008 Costly for Insurance Industry in Texas
Apr 6 2009 // The Texas insurance industry lost nearly $1.4 billion in 2008. According to figures released by the Texas Department of Insurance, for every dollar the state’s insurance industry took in it paid out $1.65. “It...
Corporate Defaults, Bankruptcies and D&O Claims
Apr 6 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...
What’s So Special About Special Event Insurance?
Apr 6 2009 // The pitfalls of not placing special-event coverage, when it’s truly needed and available, can result in catastrophic losses to your insured, and possibly even damage the credibility of your agency and errors and...
Florida Suspends License of Weakened Coral Insurance
Apr 1 2009 // A Florida domestic property insurance company has been told to stop writing business– the second time in a week state regulators have had to act against an insurer. Hollywood-based Coral Insurance, which began doing...
Prepayments Planned by Backlogged Oklahoma Insurer
Apr 1 2009 // A state workers’ health insurance plan in Oklahoma recently came under renewed criticism when state lawmakers and plan administrators said it may take months to get rid of a backlog of more than 200,000 unpaid health...
Oklahoma Insurance Commissioner Angry With Claims Backlog
Mar 27 2009 // Oklahoma Insurance Commissioner Kim Holland said she is “grossly disappointed and frankly mad” about a continuing backlog of more than 200,000 unpaid health insurance claims in a state workers’ insurance...
GAINSCO Reports Net Loss for 2008
Mar 27 2009 // Dallas-based insurer, Gainsco Inc., announced net losses for the fourth quarter and the year for 2008, but the losses are less than those the company reported in 2007. The company said its net loss for the fourth quarter...
Michigan Bank VP Claims He Was Fired For Questioning CEO’s Bonus
Mar 27 2009 // A banker has sued Citizens Republic Bancorp in Michigan, saying he was fired for questioning a $7.5 million bonus for the company’s chief executive on the eve of a federal bailout payment. John D. Schwab filed a...
Khosropur Named Chief Claims Officer at Narragansett Bay Insurance
Mar 25 2009 // Pawtucket, Rhode Island-based insurer Narragansett Bay Insurance Co. has named Bob Khosropur as chief claims officer. Khosropur, who most recently served as vice president of claims for Privilege Underwrites, is a 22-year...
Allstate Agents Back in Court over Claims of Age Bias by Insurer
Mar 25 2009 // A group of insurance agents asked a federal appeals court on Monday to revive an age discrimination lawsuit over the Allstate Insurance Co.’s decision to switch thousands of them from employees to independent...
South Carolina’s 2005 Reform Reducing Claims Against Doctors
Mar 23 2009 // Fewer lawsuits are being filed against South Carolina doctors since a state law limiting damages went into effect in 2005. An insurance executive told a state Senate panel that patient claims are down about a third and...
‘Claims Made” Coverage Pushed Far From Its Simple Goal
Mar 23 2009 // “Claims made” coverage forms were created with a simple goal: the insurer paid the claims that were made during the policy period. Since the wrongful acts or errors of professionals (i.e. doctors, lawyers,...
The Paradox of Flood Insurance Coverage
Mar 17 2009 // Whether you are an attorney, an insurance agent, adjuster or broker, or an individual insured, when dealing with claims under flood insurance policies, you may be surprised to discover that many things you think you know...
Portion of Former Louisiana AG’s Suit Against Insurers Dismissed
Mar 16 2009 // A federal judge in New Orleans has dismissed some claims in a lawsuit filed by a former Louisiana Attorney General Charles Foti against dozens of insurance companies over payments to policyholders receiving funds from the...
Ohio Windstorm Losses in Feb. Reach Nearly $89M; Ike Losses Rise
Mar 16 2009 // Ohio’s Feb. 11-12 windstorm caused at least $88.9 million in damages, based on preliminary insured loss estimates from the Ohio Insurance Institute (OII), an insurance industry trade group. Widespread losses were...
New York City Spent $568 Million on Malpractice, Property, Other Claims
Mar 13 2009 // New York City spent almost $568 million to settle damage claims, and the biggest awards were attributed to city-owned hospitals and the police and transportation departments, the comptroller said Thursday. The latest...
Crime Victims’ Compensation Claims Reviewed in North Carolina
Mar 12 2009 // A North Carolina commission may pay out about $1.4 million to reimburse crime victims for out-of-pocket expenses they incurred related to crimes committed against them. The Crime Victims Compensation Commission heard a...
Former Missouri Gov. Blunt Claims Immunity From Defamation Suit
Mar 12 2009 // Attorneys for former Gov. Matt Blunt are citing executive privilege while asking an appeals court to dismiss a defamation lawsuit by a former staff lawyer. Blunt lost a similar argument before a trial judge last fall, but...
South Carolina’s 2005 Reform Reducing Claims Against Doctors
Mar 9 2009 // South Carolina legislators considering restricting lawsuits against companies were told that fewer lawsuits are being filed since a 2005 state law limited costs for doctors. A company managing an insurance system for half...
Medical Device Makers Could Face Increased State Liability Claims
Mar 9 2009 // Following the recent Supreme Court decision that federal rules do not protect drugmakers from state lawsuits, Democrats in Congress have moved to overturn a decision that has shielded medical device companies from similar...
