Latest Claims Headlines

Florida’s Fay Claims Total $246M in Damage

Nov 12 2008 // More than 41,000 claims were filed with Florida insurers on damages suffered from Tropical Storm Fay which swept across much of the state in August. A spokesman for the Office of Insurance Regulation said Monday that 84...

West Virginia Miners’ Widows Press Claims Against Massey Energy

Nov 12 2008 // Lawyers in a suit stemming from a fatal fire at a Massey Energy coal mine 2006 clashed this week over whether the deaths of two men could have been averted. Bruce Stanley, representing the widows of both men, told a Logan...

AIG Reports $24B Loss in Q3; Claims ‘Strong’ Client Retention

Nov 10 2008 // Giant financially-troubled insurer American International Group Inc. posted its largest-ever quarterly loss today– $24.47 billion — as the damage from write-downs on assets related to subprime mortgages...

A Winning E&O Defensive Strategy: How Agents Can Block Claims

Nov 4 2008 // In sports, the best offense is a great defense, right? When it comes to preventing errors and omissions claims defensive measures are also the best offense in protecting an insurance agency. Defensive strategies, or risk...

No Ruling by Arkansas Supreme Court on Fairness of Workers’ Comp System

Nov 2 2008 // But Justices Don’t Exclude Possibility of Revisiting the Issue The Arkansas Supreme Court reversed the decision of the Arkansas Workers’ Compensation Commission to deny an injured worker’s claim but...

Public School Officials Can Be Liable for Not Responding to Harassment Claims

Nov 2 2008 // A California school district could be liable for damages for an inadequate response to peer sexual orientation harassment suffered by students, the California Court of Appeal ruled. According to Megan Donovan et al. v....

California Commissioner Announces 5% Workers’ Comp Rate Increase

Nov 2 2008 // Rejecting the Workers Compensation Insurance Rating Bureau’s (WCIRB) call for a 16 percent increase in the benchmark for determining workers’ compensation costs, California Insurance Commissioner Steve Poizner...

Law Changes Defense in Construction Defect Claims

Nov 2 2008 // New California Law Affects Wraps’ Indemnity Contracts, Could Increase Litigation California Gov. Arnold Schwarzenegger has approved legislation affecting indemnity for construction defect claims in contracts in...

Nov 2 2008 // Pete Garvey, current president of Integro Ltd., assumed the additional responsibility of CEO for the insurance broker, succeeding Roger Egan, who has left the company. Garvey has served as president of Integro since 2005....

More Lawsuits, Firmer Prices on the Horizon for Executive Liability

Nov 2 2008 // Property Premiums Fall Sharply; P/C Insurers Post Q3 Losses; Some Sell Stock to Raise Cash for Surplus Woes More lawsuits and firmer rates for directors and officers liability coverage are almost certainly ahead as a...

A Winning E&O Defensive Strategy

Nov 2 2008 // How Agents Block Claims In sports, the best offense is a great defense, right? When it comes to preventing errors and omissions claims defensive measures are also the best offense in protecting an insurance agency....

Kentucky Farm Bureau Deploys Guidewire ClaimCenter

Oct 31 2008 // Louisville, Ky.-based Kentucky Farm Bureau Mutual Insurance Co. deployed Guidewire ClaimCenter as its next generation claims management system. ClaimCenter replaces KFB’s legacy claims system. KFB said it deployed...

Fatalities Up 50% in Animal-Vehicle Crashes

Oct 31 2008 // November is the peak month for vehicle-deer collisions, and a new analysis of insurance claims and federal crash data indicate the problem is growing. The Highway Loss Data Institute (HLDI), an affiliate of the Insurance...

Selective Insurance Posts Profit Despite Storm Claims, Investment Decline

Oct 31 2008 // New Jersey-based Selective Insurance Group, Inc. today reported its financial results for the third quarter ended Sept. 30, 2008 that included a profit despite storm claims and a drop in investment income. Selective...

California Change to Construction Contracts Could Increase Litigation

Oct 29 2008 // California Gov. Arnold Schwarzenegger has approved legislation affecting indemnity for construction defect claims in contracts in residential construction — a decision that could increase litigation when resolving...

Zurich Estimates Gustav, Ike Claims at Around $600 Million

Oct 29 2008 // Zurich Financial Services Group announced that, based on preliminary estimates, it expects aggregate claims payments related to hurricanes Gustav and Ike of approximately $600 million before tax. Zurich said the figure is...

Empathy, Communication Rank High in Auto Claims Satisfaction

Oct 29 2008 // Managing expectations, showing empathy, ensuring convenient service and effective communication are key themes in enhancing overall insurance customer satisfaction with the claims process, according to the J.D. Power and...

Island Insurance Selects PipelineClaims as Part of its SOA Strategy

Oct 27 2008 // Best-of-Breed Solution Will Streamline Claims Operations, Enhance Communication Honolulu, HI – October 27, 2008 – BlueWave Technology™, a provider of property and casualty insurance solutions, today...

Insurers to Pay $11.5 Billion in Q3 Catastrophe Claims

Oct 27 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $11.5 billion for third-quarter property losses resulting from a total of 11 catastrophes in 22 states — the fourth-largest...

California Commissioner Announces 5% Workers’ Comp Rate Increase

Oct 24 2008 // Rejecting the Workers Compensation Insurance Rating Bureau’s (WCIRB) call for a 16 percent increase in the benchmark for determining workers’ compensation costs, California Insurance Commissioner Steve Poizner...