Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Cyclone Larry Claims Reach $256 Million
Apr 7 2006 // A bulletin from Australia’s Insurance Disaster Response Organisation (IDRO) notes that claims from Cyclone Larry, which devastated parts of Northern Queensland last month (See IJ Website March 21 and updates) have...
State Farm: We’re Paying Wind Damage Claims
Apr 7 2006 // State Farm Fire and Casualty Co. is paying for Hurricane Katrina property losses when evidence shows that wind caused the damage, James Burwell, claims manager, wrote in a letter to the Mississippi Insurance...
Calif. State Fund Appoints Smith to Vice Presidential Post
Apr 6 2006 // California’s State Compensation Insurance Fund has appointed Don Smith vice president and member of the executive committee. Smith, 59, of Valley Springs, Calif., is a 25-year veteran of State Fund. He began his...
Thousands of Claims Anticipated After Tenn., Ky. Tornado
Apr 6 2006 // The cleanup is underway in the aftermath of a large F-3 to F-4 tornado that tore a swath of death and destruction on Sunday evening through northern Tennessee and southern Kentucky, leaving 18 people dead and hundreds...
Neb. Autobody Assn. Study Finds Consumers Hesitant to File Auto Claims
Apr 6 2006 // Findings in a study by the Nebraska Autobody Association found that consumers were disinclined to file automotive claims with their insurance company. Sixty-four percent of survey respondents said they would generally feel...
Claim numbers keep climbing…
Apr 3 2006 // Whether you want to blame the recent bombardment of tornadoes, hail storms and spring blizzards on global warming or just plain bad luck, the Midwest already has had more than its fair share in 2006. The storm of March 12,...
Take the pollution out of your D&O policy
Apr 3 2006 // Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report...
Case Law Watch
Apr 3 2006 // Actions and ProceedingsBechtel Petroleum Operations Inc. v. The Continental Insurance Co. (California Court of Appeals, 2nd District, March 6, 2006) res judicata. Prior to that decision, the court held that the pollution...
Take the pollution out of your D&O policy
Apr 3 2006 // Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report...
D&O liability premiums fall for second straight year, study says
Apr 3 2006 // Directors and officers liability insurance average premium continued to decline in 2005, dropping by 9 percent last year after a 10 percent decline in 2004, according to the “D&O Liability 2005 Survey on Claims...
Downsized D & O
Apr 3 2006 // It hasn’t been healthy. In fact, the directors and officers liability insurance market for super-sized Enrons, WorldComs and the Fortune 1000 has been unhealthy for some time. Looking at the market’s...
Take the pollution out of your D&O policy
Apr 3 2006 // D&O insurers may invoke an ‘absolute’ pollution exclusion to deny coverage for claims that arise out of environmental reserves or other pollution. Is your directors and officers policy polluted?...
Editor’s Note: Claim numbers keep climbing
Apr 3 2006 // Some insurer groups described the Indiana session as a knock-down, drag-out fight to protect the interests of property/casualty insurance industry. Whether you want to blame the recent bombardment of tornadoes, hail storms...
Take the pollution out of your D&O policy
Apr 3 2006 // Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report...
Case Law Watch
Apr 3 2006 // Bechtel Petroleum Operations Inc. v. The Continental Insurance Co. (California Court of Appeals, 2nd District, March 6, 2006) Ruling: At issue on this appeal was whether the insurers had a duty to defend lawsuits filed by...
Best Takes Rating Actions on Kingsway
Mar 29 2006 // A.M. Best Co. announced that it has affirmed the issuer credit rating (ICR) “bbb-” of Canada’s Kingsway Financial Services Inc. (KFSI). Best also affirmed the debt rating of “bbb-” on...
Frank Joins BrightServe as Senior VP
Mar 28 2006 // Dallas, Texas-based BrightServ, a subsidiary of BrightClaim Inc., a provider of integrated claim solutions headquartered in Atlanta, Ga., announced that Michael Frank has joined BrightServ’s management team as senior...
Miss. AG Claims Companies Using ‘Delay Tactics’
Mar 27 2006 // Mississippi Attorney General Jim Hood has issued a statement claiming that Allstate and State Farm are causing more delay in having the state’s Katrina-related lawsuit against them heard. Allstate and State Farm are...
Mich. Agents Praise Catastrophic Claims Assn. for Lowering Assessment
Mar 27 2006 // The Michigan Association of Insurance Agents praised the Michigan Catastrophic Claims Association for its decision to lower its annual automobile assessment to $137.33 per vehicle, a decrease from last year’s...
BrightClaim Acquires ServiceLane, Forms BrightServ Entity
Mar 27 2006 // Atlanta based BrightClaim Inc., a leading provider of integrated claims solutions, has acquired Dallas-based ServiceLane, a firm focused on providing large service organizations with business process outsourcing and...
