Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Lloyd’s of London Finds its 21st Century Form
Sep 5 2005 // Lloyd’s is 317 years old and doing just fine thank you. London’s venerable insurance market traces its roots to the establishment of Edward Lloyd’s coffeehouse in 1688. It’s an icon of both...
Mass. Auto Insurance Rates: How Low Will They Go for Next Year?
Sep 5 2005 // As the wheel that sets 2006 auto insurance rates in Massachusetts begins spinning, there is no doubt it will be pointing at a negative number when it comes to rest in about two months. The real mystery is just how negative...
Budget Office Figures Federal Asbestos Fund Too Small to Pay All Claims
Sep 5 2005 // The Congressional Budget Office has estimated that the federal $140 billion asbestos compensation fund being considered by Congress could be too small to cover claims over the next 50 years. The Fairness in Asbestos Injury...
Zurich Completes Sale of Claims Management Group
Sep 2 2005 // Zurich Financial Services Group announced today that it has sold 100 percent of the share capital of Claims Management Group Limited (CMGL) to Sovereign Capital Partners LLP and the management of CMGL. “The parties...
Farmers Claims Teams Assisting Katrina Victims
Sep 2 2005 // Farmers Insurance Group of Companies advises its customers suffering damage from Hurricane Katrina to immediately contact their agent or call the 24 hour claims hotline, 800-HelpPoint (1-800-435-7764). A combination of...
Swiss Re Estimates Katrina Claims at Around $500M
Sep 1 2005 // Swiss Re announced that, based on its preliminary estimate, it expects claims related to Hurricane Katrina to be in the range $500 million (CHF 625 million) before tax. “Swiss Re expects Hurricane Katrina to cost the...
Policyholders Line Up to File Claims at Miss. Agency; Fla. Associations Offer Aid, Assistance to Kartina’s Victims
Aug 31 2005 // Insurance adjusters are scrambling around South Florida, where before crossing into the Gulf of Mexico and becoming a catastrophic hurricane, Katrina slapped Dade and Broward counties with damages experts estimate from...
Insurer Pays $11 Million in Wisc. Tornado Claims
Aug 31 2005 // American Family Insurance of Madison has paid out $11 million in damage claims so far as a result of the Aug. 18 tornadoes that hit central Wisconsin. The insurer provided an update Wednesday on damage claims stemming from...
Equitas to Pay $300 Million to Settle 6 Asbestos Claims
Aug 30 2005 // Reports from Reuters, the Financial Times and other sources indicate that Equitas, the Lloyd’s runoff vehicle, will announce that it is set to pay 167 million pounds ($300 million) to settle six additional asbestos...
CNA Opens Claims Center for Hurricane Katrina
Aug 26 2005 // CNA insurance companies announced the opening of a Catastrophe Operations Center within its Nashville, Tennessee office for handling anticipated claims from Hurricane Katrina. All new Hurricane Katrina losses should be...
State Farm Mobilizing Adjusters to Respond to Katrina
Aug 26 2005 // State Farm, the largest insurer of homes and automobiles in Florida and the nation, has mobilized claims adjusters to join Florida employees, agents and agents’ staff who are already assisting customers recovering...
General Casualty to Pay $5 Million in Wisc. Tornado Claims
Aug 26 2005 // General Casualty Cos. said today it expects to pay out about $5 million in losses on the nearly 60 claims that have been filed as a result of tornados last Thursday in southeastern Wisconsin. More than 30 of the claims are...
U.S. Budget Office Says Federal Asbestos Fund Could Be Insufficent to Pay All Claims
Aug 26 2005 // The Congressional Budget Office released a cost estimate study on Friday for the Fairness in Asbestos Injury Resolution Act (S. 852), stating that the $140 billion asbestos compensation fund being considered by Congress...
Insurers Counting Claims from Wisc. Tornado Strike
Aug 23 2005 // American Family Insurance of Madison, Wisc., which insures about one of every four homes in Wisconsin, has $10.3 million in claims and expects that figure to increase to $12 million. American Family reported receiving 320...
Fla. Man Faked Cancer Fund Claims, Receives 6-Year Prison Sentence
Aug 23 2005 // Attorney General Charlie Crist has announced that a Lake Worth, Fla. man has been sentenced to prison for defrauding a nationwide settlement fund intended to help cancer patients who overpaid for the cancer-fighting drug...
N.C. Farmers Receiving Assistance for Last Year’s Flood Damage Claims
Aug 23 2005 // North Carolina farmers who suffered flooding losses from last year’s hurricanes will soon receive disaster-assistance grants from the North Carolina Department of Agriculture and Consumer Services. The checks issued...
Claims History Model Act Now in Hands of State Legislators
Aug 22 2005 // NCOIL Model Addresses Use of Claims, Inquiries in Underwriting Homeowners Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel...
Zodiac Underwriting Guide to Drivers
Aug 22 2005 // Affable Aquarius (21 January – 19 February) The gentle qualities of Aquarius are reflective in an average claims record on all counts. The Aquarian drivers consider themselves sensible, responsible and...
News Briefs
Aug 22 2005 // MASSACHUSETTS Health Insurance Rates Rising: The state’s largest health insurers say most Massachusetts companies and their workers will see increases of 10 percent or more in their health insurance premiums...
Born to File Claims: Driving Behavior is Written in the Stars
Aug 22 2005 // Many people turn to the stars for direction in matters of money, love and happiness. Now, according to a survey conducted by Prudential Car Insurance in the United Kingdom, it appears that the zodiac may also play a role...
