Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Managing D&O claims expense
Jun 18 2007 // One of the standard features of the typical directors’ and officers’ liability insurance policy is the provision allowing the insureds to select their own defense counsel, subject only to the insurance...
Texas Approves 14 Companies to Self Insure for Workers’ Comp Claims
Jun 15 2007 // The Texas Department of Insurance Division of Workers’ Compensation announced that 14 companies with approximately 47,600 employees in Texas recently were approved to self-insure for workers’ compensation...
Flood Insurance Program Doesn’t Know If Payments Covered Wind Damage
Jun 14 2007 // Since the National Flood Insurance Program does not collect data on both wind and flood damage claims from its insurers, it’s not possible to know if its billions of dollars in payments on hurricane-damaged...
IAG Receives 6000 Storm Claims
Jun 12 2007 // Insurance Australia Group said it has already received “over 6,000 claims” from the storms that have battered the coast of the State of New South Wales (See IJ web site June 11). IAG said it expects to receive...
First Cardinal Reports Hirings, Promotions at N.Y. Headquarters
Jun 11 2007 // Workers compensation administrator First Cardinal LLC announced the hiring and promotion of several employees at its Latham, N.Y. headquarters. Christine D. Bentsen has joined the accounting department as a senior...
Fla. Task Force on Citizens’ Claims Handling to Meet in Pensacola
Jun 11 2007 // In an ongoing effort to improve Citizens’ policyholder and applicant services, Florida Chief Financial Officer Alex Sink is convening the third meeting of the legislatively-created task force on Citizens Property...
Lawmakers’ Driving Claims Cost California Taxpayers
Jun 11 2007 // Lawmakers using state-issued vehicles filed auto insurance claims at a far higher rate than the general public, costing California taxpayers nearly $90,000 the past two years, according to records obtained by The...
Tenn.: Alexander Says Sick Nuclear Workers Need Compensation Now
Jun 8 2007 // U.S. Sen. Lamar Alexander is pressing the Bush administration to fully fund a compensation program for sick nuclear weapons workers and calling for Senate hearings on why claims have been delayed. “It has come to our...
Colo. Commissioner Claims Rate Filing Review Saved Nearly $4 Million
Jun 8 2007 // Colorado Insurance Commissioner Marcy Morrison has issued a statement saying her department’s review of rate filings by two insurers has saved consumers almost $4 million. According to the Department of Insurance,...
Claims VP Fauth Leaving Tower Group
Jun 7 2007 // Tower Group, Inc. reports that Steven G. Fauth, a director of Tower Group, Inc. and senior vice president of claims of its insurance subsidiaries, will resign from these positions to pursue other professional...
State Farm Trial Scheduled on Claims by Mississippi Coast Resident
Jun 6 2007 // State Farm Fire & Casualty Co. was scheduled to be back in federal court in Gulfport, Miss., on Monday in a lawsuit filed by a Pass Christian homeowner over damages from Hurricane Katrina. The lawsuit was filed by...
Md. Claims Adjuster Pleads Guilty to Stealing Workers’ Comp Checks
Jun 5 2007 // Maryland Attorney General Douglas F. Gansler reports that Natalie L. Mack, a former insurance claims adjustor with CompManagement, Inc., pled guilty in the Circuit Court for Baltimore City to stealing approximately...
Tough products don’t need to be an underwriting challenge
Jun 4 2007 // Skis, ladders, pacemakers and nutra-ceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan, and David Rosenburg,...
‘Broken lawsuit system’ hurts small business, dampens the spirit of entrepreneurship, study claims
Jun 4 2007 // The tort system in the United States cost small businesses $98 billion in 2005, with the fear of lawsuits altering the way the small business owners make decisions, according to studies released at a Congressional hearing...
At last, World Trade Center rebuilding ready to begin
Jun 4 2007 // N.Y. Gov. Spitzer brokers $2 billion settlement between Silverstein Properties and seven insurers New York Gov. Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion...
Tough products don’t need to be an underwriting challenge
Jun 4 2007 // Skis, ladders, pacemakers and nutraceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan, and David Rosenburg,...
People
Jun 4 2007 // Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling...
‘Broken lawsuit system’ hurts small business, dampens the spirit of entrepreneurship, study claims
Jun 4 2007 // The tort system in the United States cost small businesses $98 billion in 2005, with the fear of lawsuits altering the way the small business owners make decisions, according to studies released at a Congressional hearing...
At last, World Trade Center rebuilding ready to begin
Jun 4 2007 // New York Gov. Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding...
Report Claims N.J. Homes at Risk Due to Outdated Flood Maps
May 30 2007 // Outdated maps that don’t take into account years of development are leaving many northern New Jersey residents and builders unaware of actual flooding risks, experts say. Some of the maps of towns along the Ramapo,...
