Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Avoiding Financial Catastrophes: Take Care When Procuring Agents E&O
Nov 6 2005 // Agents and brokers have spent a great deal of energy in recent years finding suitable insurance products for their clients. Not only has the marketplace become more complex, the typical insured has become increasingly more...
UnumProvident Enters Settlement Agreement
Nov 6 2005 // Three of UnumProvident Corp.’s insurance subsidiaries have entered into a settlement agreement with the California Department of Insurance, concluding a market conduct examination and investigation of the...
How to Write the Diverse Business of Lawyers Professional Liability
Nov 6 2005 // Managing the risk of lawsuits against lawyers. 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...
Employment Practices Liability: Like Fine Wine, Better With Time
Nov 6 2005 // Many insurance products grow better with the passage of time, as good underwriters look for ways to structure the policy language to be more response to evolving claims scenarios, legislative and judicial developments and...
Professional liability ripples
Nov 6 2005 // urricane Katrina has long gone, but the aftereffects of the mighty storm are likely to linger for a very long time. Rita and Wilma have compounded the mess. The direct losses are staggering. The latest preliminary figures...
Transatlantic Estimates Net Wilma Claims at $65 Million
Nov 4 2005 // Transatlantic Holdings, Inc. (TRH) announced that its preliminary estimate of pre-tax cost, net of reinsurance, related to Hurricane Wilma is around $100 million, or $65 million on an after-tax basis for the full year of...
Swiss Re Estimates Rita/Wilma Claims at App. $750 Million
Nov 4 2005 // Swiss Re announced that based on current estimates, it expects its aggregate claims for hurricanes Rita and Wilma to be approximately $750 million. CEO John Coomber commented: “This year’s hurricane season...
$3B Katrina Claims Paid in Mississippi; Dale Says He’s in a ‘No-Win’ Situation
Nov 4 2005 // The Mississippi Department of Insurance has been the moderator for numerous Hurricane Katrina victims who claim damage they received from Hurricane Katrina was caused by wind, not flooding; and according to Commissioner...
Frustration Grows in La., Miss., as Hurricane Survivors Wait for Insurers
Nov 4 2005 // Once a proud businessman, William Dwyer sits in a New Orleans-area parking lot these days begging his insurer for money. The 57-year-old retiree said he was quick to file claims after Hurricane Katrina severely damaged his...
Investigators ‘Smelled Something Fishy’ About Atlanta Sewer Workers Claims
Nov 3 2005 // State of Georgia and Atlanta investigators have closed down an insurance scam in which 10 workers at the James Walker Sewer Construction and Maintenance Facility filed disability claims for non-existent injuries....
FastSnap Photo Service Helps Insurers Handle Wilma Claims
Nov 3 2005 // Reseda, CA – FastSnap’s network of photographers is available to help insurers and agents document hurricane losses in South Florida. “Our role usually fits on the underwriting side, but in this...
Wilma Damaged a Record Number of Vehicles in South Florida
Nov 2 2005 // State Farm and Progressive spokespersons indicate they received more auto damage claims from Hurricane Wilma than any of last year’s hurricanes. The two firms are Florida’s largest auto insurers. Wind is to...
Majority of Hurricane Rita’s $4.7 Billion in Losses Sustained in La., Texas
Nov 2 2005 // The Insurance Council of Texas reported that property and casualty losses from Hurricane Rita are expected to hit $4.7 billion with the majority of losses sustained in Texas and Louisiana. According to the Insurance...
AIG Names Keogh Sr. VP, Mitrovic Vice President Claims
Nov 2 2005 // American International Group Inc. (AIG) has announced that its Board of Directors has elected John Keogh senior vice president, Domestic General Insurance and Michael Mitrovic vice president, Claims. Keogh will continue to...
Maine Dirigo Found to Save $44 Million; Governor Claims Victory
Nov 1 2005 // Maine Gov. John Baldacci has applauded a ruling by Maine’s top insurance regulator that found $43.7 million in first-year savings from Dirigo Health, a state-subsidized program designed to provide health coverage to...
Insurers Challenge Delaware Curb on Use of Claims History in Renewals
Nov 1 2005 // Insurers are challenging a Delaware regulation that limits their ability to base homeowners insurance underwriting decisions on insureds’ past claims history. The American Insurance Association and the Property...
Lawsuit Claims Disability Insurer Sought to Avoid Paying Claims
Nov 1 2005 // UnumProvident Corp., the nation’s largest disability insurer, systematically sought ways to avoid paying claims to millions of California customers, a lawsuit claims. The lawsuit filed in Superior Court by...
Carriers Flooded With Auto Damage Claims from Hurricane Wilma
Nov 1 2005 // The “Insurance Village” established in Plantation, Fla. near Fort Lauderdale by the Department of Financial Services, had a lot of damaged vehicles in the lot, and many auto policyholders were seen in the...
eAuto Claims Announces $2.4M Losses, $27M Accumulated Deficit
Nov 1 2005 // eAuto Claims, an auto technology company based in Oldsmar, Fla. has announced it has lost $2.4 million, or 8 cents a share, on revenue of $14.7 million for the 2005 year end compared with a net loss of $2.2 million, or 9...
Wilma’s Aftermath: Dade, Broward Counties Await Electricity; Agents Expect An Onslaught of Claims
Oct 31 2005 // Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents told Insurance Journal they had not encountered the onslaught of claims they expected, but since a large percentage of...
