Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Mississippi Coast faces the storm after the storms: wind or water damage?
Jan 1 2006 // The wind came first. It pried off boards and shot debris into windows at Ron Peresich’s home on Biloxi’s (Mississippi) Back Bay. It tore off rooftops and buckled walls in Bud Ray’s Long Beach...
N.J. Neurologist Charged with Million Dollar Insurance Fraud Scam
Jan 1 2006 // New Jersey Attorney General Peter Harvey reported that a Mercer County neurologist, his former medical practice and four former medical diagnostic and/or medical equipment corporations, along with the former office...
FTCR: Insurers Inflated Med-Mal Claims to Justify Rate Hikes
Dec 30 2005 // In documents filed with state regulators and in statements to public officials, medical malpractice insurance companies consistently inflated the amount they estimated they would pay out in claims, according to a study by...
2005, a Year to Remember: Busiest Hurricane Season of the Century for United States
Dec 29 2005 // The hurricane season made 2005 a year-to-remember, with the southeast encountering the busiest hurricane season of the century, with 26 named storms and 13 hurricanes, meteorologists used up the list of 21 proper names and...
Mass. Antifraud Campaign Moves into Chelsea, the 8th Town Targeted
Dec 29 2005 // State and local public and insurance industry officials brought their united antifraud effort to Chelsea this week, hoping to reduce insurance claims and staged accidents. The Chelsea task force is the eighth that is...
As Tax Season Approaches, Accountants Reminded of Liability Risks
Dec 28 2005 // As they head into tax season, accountants are being reminded that well over half of claims against accountants come from client tax work. Findings from a claims study conducted by CAMICO Mutual Insurance Company, which...
Fidelity National Financial to Acquire Claims Firm Sedgwick
Dec 27 2005 // Fidelity National Financial, Inc. in Jacksonville, Fla., a provider of products and outsourced services for financial institutions and the mortgage, insurance and real estate industries, is buying Sedgwick CMS Holdings,...
Fed Study Raises Doubts About Proposed Asbestos Trust Fund
Dec 22 2005 // In a new analysis of the $140 billion asbestos trust fund scheme included in S. 852 which was reported out of the Senate Judiciary Committee, the Congressional Budget Office continues to raise doubts over whether the trust...
Auto Dealers Compensation of Calif. Returns $9.6 Million in Equity
Dec 21 2005 // The Trustee Board of the Auto Dealers Compensation of California Inc. (AD-COMP(R)), has announced an equity distribution of approximately $9.6 million to its auto dealership members. AD-COMP(R), formed in 2002, is a...
Lengthy Processing Time See for U.K. Oil Fire Claims
Dec 20 2005 // A bulletin on the Lloyd’s Web site notes that “claims from the biggest fire in Europe for over 50 years [the Buncefield fire] will impact the London market in two phases, according to a major loss adjuster...
Hurricane Katrina Leads to Large Number of Claims, Frustration
Dec 19 2005 // While Hurricane Katrina spent only a couple of days menacing the Gulf Coast, the trail of destruction in both lives and properties lingers on months later. As places like New Orleans, Mississippi and other surrounding...
Nine Broward County Residents Indicted for Falsifying FEMA Claims
Dec 19 2005 // Arrests of nine Broward County residents indicted for defrauding the Federal Emergency Assistance Agency to obtain disaster relief after last year’s Hurricane Frances have been announced jointly by R. Alexander...
Liberty Mutual Hires Former 9/11 Fund Head to Mediate Hurricane Claims
Dec 19 2005 // Liberty Mutual Insurance Company has hired the mediator who oversaw the Sept. 11 Victim Compensation Fund to help settle insurance claims filed by homeowners after hurricanes Katrina and Rita. The Boston insurer’s...
Houston Man Charged in Katrina Claims Filing Scam with FEMA
Dec 19 2005 // United States Attorney Chuck Rosenberg announced the filing of criminal charges against Clifford Neville, 53, of Houston, Texas, for reportedly filing false claims for emergency disaster funds with the Federal Emergency...
Six Indicted for False Katrina Claims
Dec 19 2005 // Six Mississippi residents have been indicted by a federal grand jury on charges of making false claims to the Federal Emergency Management Agency in an effort to obtain relief funds from Hurricane Katrina. The Gulfport Sun...
The Ins and Outs of Claims-Made Policies
Dec 19 2005 // Claims-made policies are policies commonly associated with professional liability policies, such as Directors & Officers, Employment Practices Liability and other miscellaneous professional liability policies,...
The Ins and Outs of Claims-Made Policies
Dec 18 2005 // Claims-made policies are policies commonly associated with professional liability policies, such as Directors & Officers, Employment Practices Liability and other miscellaneous professional liability policies,...
Duty to or Non Duty to Defend: What is the Best Defense Provision?
Dec 18 2005 // As insurance professionals, we are all familiar with “duty to defend” language commonly associated with general liability policies. But are you familiar with, or did you even know there is, “non duty to...
News Briefs
Dec 18 2005 // FLORIDA State Farm of Florida 8.6 Percent Rate Request Approved The Florida Department of Insurance approved an average statewide premium rate hike of 8.6 percent for State Farm of Florida, the largest insurer of homes in...
N.Y. AG Spitzer Claims Greenberg Shorted Charity 35 Years Ago
Dec 16 2005 // New York Attorney General Eliot Spitzer this week accused embattled insurance executive Maurice R. “Hank” Greenberg of participating in a series of financial transactions 35 years ago that cost the charitable...
