Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Global Crisis Claims Japan Life Insurer, Markets Panic
Oct 10 2008 // The global credit crisis claimed its first Japanese financial institution on Friday and the government looked to prop up smaller banks, as Tokyo shares suffered their biggest rout since a 1987 crash. Government ministers...
Study Shows Unintended Consequence of 1st-Party Bad Faith Liabiity
Oct 9 2008 // Bad faith remedies designed to protect insurance consumers from unfair claim settlement practices can potentially harm consumers, warns a new report published by the National Association of Mutual Insurance Companies...
Ike Claims for Texas Windstorm Pool May be Less Than Expected
Oct 9 2008 // Two weeks after Hurricane Ike hit Galveston, Texas, on Sept. 13, the Texas Windstorm Insurance Association, the state’s insurer of last resort for wind coverage along the coast, was fielding thousands of claims per...
Mississippi Insurance Agent Claims Sentence too Harsh
Oct 7 2008 // A federal appeals court in Mississippi rejected Ecru insurance agent Ken Nowlin’s claim that his 30-month sentence for his role in a kickback scheme was too harsh. Nowlin was sentenced in February. He pleaded guilty...
In Texas, ‘Trigger’ May Be Trickier Than it Seems
Oct 6 2008 // Trigger — what determines which policy applies. Most liability policies require property damage caused by an occurrence and require that the property damage occur during the policy period. The question, in Texas and...
Geeslin: It May be 90 Days Before Ike’s True Cost is Known
Oct 6 2008 // Texas’ top insurance regulator told lawmakers on Sept. 24 that the industry estimates there will be around 300,000 property claims — including commercial property claims — stemming from Hurricane Ike, which...
For Agents, Their Carriers’ Claims Service is Top Performance Measure
Oct 6 2008 // Independent insurance agents want their property/casualty insurance carriers to provide quality claims service above all else, according to an exclusive survey of agents’ attitudes about the insurers their agencies...
Massachusetts Crackdown on Insurance Fraud Sets Milestones
Oct 3 2008 // Five years after the creation of Massachusetts’ first local anti-insurance fraud team, the state’s Insurance Fraud Bureau says the combined local task forces have charged over 1,000 people with insurance...
Report Says North Dakota Workers’ Comp Claims Not Wrongly Denied
Oct 2 2008 // The interim chief executive of North Dakota’s workers’ compensation agency say he’s pleased with a new consultant’s report that found no evidence Workforce Safety and Insurance wrongly denied...
Adjusters Working Ike Claims from Texas Coast to Arkansas Border
Oct 2 2008 // Thousands of insurance claims adjusters are examining the damage left behind by Hurricane Ike from the Texas coast to the Arkansas border, the Insurance Council of Texas (ICT) reported. Millions of dollars in insurance...
Real Estate Lawyers Face Rising Malpractice Claims
Oct 1 2008 // Legal malpractice claims related to real estate are up approximately four percentage points according to the just-released American Bar Association study of legal malpractice claims for 2004-2007 compared to the previous...
Study Shows Increase in Treatments per Workers’ Comp Claims
Sep 26 2008 // The National Council on Compensation Insurance, headquartered in Florida, posted a new research study regarding a continuing increase in treatments per workers compensation claims. NCCI says in recent years, workers’...
Texas Windpool Not Denying Claims on a Blanket Basis, Spokesman Says
Sep 26 2008 // A spokesman for the Texas Windstorm Insurance Association says rumors that the association will deny Hurricane Ike claims on a blanket basis are unfounded, untrue and completely misleading. “TWIA’s guidelines...
Geeslin: Too Early to Tell How Much Ike Will Ultimately Cost
Sep 25 2008 // Texas’ top insurance regulator told lawmakers on Sept. 24 that the insurance industry estimates there will be around 300,000 claims – including commercial property claims – stemming from Hurricane Ike,...
PartnerRe Ike Claims at $175-$200 Million; Lowers Gustav Estimates
Sep 24 2008 // Bermuda’s PartnerRe Ltd. announced that its early estimate of claims relating to its exposure to Hurricane Ike is currently between $175-$210 million on a pre-tax basis, net of reinstatement premiums. The bulletin...
Aon Comments on EU Court Decision Limiting Age Discrimination Claims
Sep 24 2008 // In a bulletin from its London Office, Aon Consulting notes that an “Advocate-General at the European Court of Justice today rejected Age Concern’s claim that forcing people to retire at or after 65 without...
Aon Warns ‘Poor Packaging’ in Fashion Industry Could Affect Claims
Sep 18 2008 // “Poor packaging by the fashion industry could mean that insurers refuse to pay claims for damaged goods in transit – not to mention that replacement clothing and accessories are unlikely to be delivered in time...
Hurricane Ike Tests Texas Windstorm Association’s Ability to Pay Claims
Sep 18 2008 // The Texas Windstorm Insurance Association (TWIA) on Sept. 17 announced that anticipated claims from Hurricane Ike will force it to use the entire $370 million remainder of its Catastrophe Reserve Trust Fund, according to...
Mo. Workers’ Comp Claims Decline, Sparks Debate Between Officials
Sep 17 2008 // The number of workers’ compensation claims has gone down since a 2005 Missouri law made it harder to prove workplace injuries. Insurance premiums also have declined for businesses. Republican Gov. Matt Blunt touts...
Louisiana Commissioner: Citizens Can Handle Gustav and Ike
Sep 17 2008 // Commissioner Jim Donelon said the Louisiana Citizens Property Insurance Corp. has received 26,000 Gustav claims so far and the company estimates the storm will cost it $150 million – an amount Donelon said Citizens...
