Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Trio Nabbed in Calif. Auto Vandal Scam
Feb 2 2006 // Two Sacramento residents and one Galt resident have been arrested for their alleged involvement in a “staged auto vandalism” ring, according to the California Insurance Commissioner’s office. The case...
I.I.I. Says Nearly 70% of Katrina Homeowner Claims Settled in Louisiana, Mississippi
Feb 2 2006 // Homeowners insurers have settled nearly 70 percent of claims from Hurricane Katrina in Louisiana and Mississippi, according to the Insurance Information Institute (I.I.I.). The I.I.I. estimated that more than 732,000...
New Database Tracks Management Liability Claims; Finds Lawsuits Up 33%
Feb 2 2006 // Since 2002, the average number of separate lawsuits associated with a single securities-related event – such as the collapse of Enron – has jumped 33 percent, and suits against underwriters, banks, brokers and...
South Dakota Officials Consider Speedy Claims Process for Injured Workers
Feb 1 2006 // Workers in South Dakota with medical bills from job-related injuries or illnesses could find it easier to recover expenses by using a procedure similar to small claims court, according to an Associated Press story. The...
Miss. Extends Coverage for Property Damage Claims
Jan 31 2006 // Commissioner of Insurance George Dale has extended his previous bulletin on an extension of coverage for property damaged by Hurricane Katrina to include commercial property insurance policies. Bulletin #2005-13 was issued...
$5B in Miss. Claims Paid, Policyholders Urged to Mediate
Jan 31 2006 // Insurance companies have paid out nearly $5 billion in hurricane-related claims for hurricanes Rita and Katrina in six of Mississippi’s coastal counties according to Commissioner of Insurance George Dale. The...
Opponents Claim USG Deal Exposes Fortune 500 ‘Windfall’ from Asbestos Bill
Jan 31 2006 // A group of smaller and medium sized businesses and their insurance companies is using the recent settlement by USG over its asbestos claims to argue that a federal asbestos trust fund would provide a windfall for large...
USG Settles Asbestos Claims for $4 Billion; Could Now Exit Bankruptcy
Jan 30 2006 // USG Corporation announced today that it has reached an agreement to resolve all present and future asbestos-related personal injury claims, enabling the company and its subsidiaries to take a significant step toward...
La. Citizens to Get Loans to Continue Paying Claims
Jan 27 2006 // With Louisiana’s state-run homeowners insurance company quickly running out of money to pay claims, a banking group is trying to put a loan in place to keep it afloat. Citizen’s Property Insurance has been...
ISO: Insurers to Pay $56.8B in 2005 Catastrophe Claims
Jan 27 2006 // U.S. property/casualty insurers are expected to pay homeowners and businesses a record $56.8 billion for 2005 insured property losses from 24 catastrophic events — more than twice the prior record set in 2004, when...
Wyde Launches Wynsure Claims
Jan 26 2006 // Minneapolis, MN – Wyde Corporation announced today the official launch of their new insurance claims application, Wynsure Claims. This new addition to their Wynsure suite of administration products handles claims...
D&O Liability Premiums Fall for Second Straight Year, Tillinghast Survey Says
Jan 26 2006 // Directors and officers liability insurance average premium index dropped another 9 percent in 2005 after dropping 10 percent in 2004, while half of all public and private companies have received D&O inquiries from...
Windstorm Conference Speaker Bailey Predicts Wind vs. Flood Suits Won’t Succeed
Jan 25 2006 // The controversy over litigation about wind vs. flood damage and what could happen in the market place and to the industry if Mississippi Attorney General James Hood and attorney Richard ‘Dickie’ Scruggs are...
Farmers Insurance Group Fined $1 Million in Settlement
Jan 24 2006 // Farmers Insurance Group has been fined $1 million following settlement negotiations about how the company handled consumer claims. Farmers, consisting of Farmers Insurance Exchange, Fire Insurance Exchange, Mid-Century...
I.I.I.: CLAIMS IN LA. EQUAL TO 25 YEARS OF PREMIUMS
Jan 23 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
IRC: Insurance Fraud, Buildup Add Some $400M to Calif. Auto Injury
Jan 23 2006 // A recent Insurance Research Council (IRC) study of auto injury insurance claims puts a hefty price tag on the cost of claim abuse in California. In 2002, between $319 million and $432 million in bodily injury liability...
Claims Management
Jan 22 2006 // Insurers and property owners are finding that heat offers an effective alternative or adjunct to costly traditional demolition-based remediation and flood restoration. Heat treatment method offers options for relief...
I.I.I.: Claims in La. Equal to 25 Years of Premiums
Jan 22 2006 // The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of...
How to Write: Lawyers Liability
Jan 22 2006 // With more than a quarter million law firms in the United States, the lawyers’ professional liability market represents a huge opportunity for retail agents and wholesale brokers seeking to grow their business. In any...
Calif. Hands Down Convictionsfor Violating Contractor Licensing Laws
Jan 22 2006 // Fraud Roundup Ventura County, Calif., District Attorney Gregory Totten reported that the office’s Consumer and Environmental Protection Division recently obtained two convictions for violation of the California...
