Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Fla. CAT Fund Has $3B Available for Hurricane Claims
Jul 12 2005 // Almost $3 billion is available to pay for claims from Hurricane Dennis and any other storms that may hit the state according to Mike McCauley, a spokesman for the Florida Hurricane Catastrophe Fund. Risk assessment groups...
IRC Study Reports Auto Injury Medical Treatment Varies from State to State
Jul 11 2005 // Auto injury claimants from four states seek different types of medical treatment, even though they report similar injuries. A new study of insurance claims by the Insurance Research Council (IRC) examined auto injury...
Citizens Activates Hotline, Dispatches Response Unit; Only a Few FAIA Agents Report Damage
Jul 11 2005 // Citizens Property Insurance Corp. reports it has set up its “storm claims hotline,” and has dispatched a claims response unit to Milton, Fla.; while the Florida Independent Insurance Agents reports most of its...
XL Expects Negative Q2 Results Following Reserve Strengthening
Jul 8 2005 // Bermuda’s XL Capital Ltd. has announced today that its second quarter 2005 results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191 million...
Munich Re’s Review of American Re Claims-No Rating Effect Says S&P
Jul 5 2005 // Standard & Poor’s Ratings Services has indicated that the recent announcement by Germany’s Munich Reinsurance Co. (rated “A+”/Stable) that it is currently undergoing an in-depth reserve review...
A Roundup of Fraud Activities Reported Across the Southeast
Jul 4 2005 // TRG Officials Must Pay $2.5 M Carmelo Zanfei and William Paul Crouse, accused by Florida’s Department of Financial Services of bilking more than 7,000 Floridians of more than $2.5 million in unpaid insurance bills,...
Deductibles Motivated Homeowners to Cheat on Claims
Jul 4 2005 // Investigators Cite Increase in Fla. Insurance Fraud Insurance fraud has increased dramatically in Florida as an after-effect of the 2004 hurricane season Robert Elliott, a lead investigator with Nationwide...
ACIC OPPOSES SMALL CLAIMS COURT LEGISLATION:
Jul 4 2005 // The Association of California Insurance Companies is opposing Small Claims Court legislation that would hurt consumers by reducing the ability of insurers to represent their policyholders in court. Jeff Fuller,...
A Roundup of Fraud Activities Reported Across the Southeast
Jul 4 2005 // Carmelo Sanfei and William Paul Crouse, accused by Florida’s Department of Financial Services of bilking more than 7,000 Floridians of more than $2.5 million in unpaid insurance bills, have pleaded guilty to charges...
Deductibles Motivated Homeowners to Cheat on Claims
Jul 4 2005 // Insurance fraud has increased dramatically in Florida as an after-effect of the 2004 hurricane season Robert Elliott, a lead investigator with Nationwide Insurance’s Special Investigation Unit told law enforcement...
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...
FAIA Targets PIA of Florida: Claims It Took Credit for ‘Big I’ Accomplishments While It ‘Gave Away the Playbook’
Jun 29 2005 // During two “Big I” conventions held in Florida in June, speakers accused the Professional Insurance Agents of Florida of taking credit for Florida Association of Insurance Agents accomplishments, while actually...
June Hailstorms Total $18 Million in N.D. Insured Damages
Jun 28 2005 // North Dakota Insurance Commissioner Jim Poolman reported that severe weather that ripped through the Dickinson area in Western North Dakota and the Langdon and Walhalla areas in Eastern North Dakota earlier this month has...
Ark. to Hold Hearing on P/C Insurer Claims Reports
Jun 28 2005 // The Arkansas Insurance Department announced it will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and Regulation 61, “Insurer Reports...
N.Y. Trial Bar, Auto Insurers Agree on Court Changes to Expedite Claims
Jun 27 2005 // With encouragement from insurers led by Progressive Insurance Co. and the state’s trial lawyers, New York lawmakers last week passed a bill that should both cut down on questionable small claims lawsuits and speed up...
Primavera Joins Willis as Senior VP in Construction Practice
Jun 27 2005 // Willis Group Holdings, the global insurance broker, announced that Paul Primavera has joined Willis’ Hunt Valley, Maryland operations as senior vice president of claims management in its construction practice. Prior...
Provo, Utah Needs Extra Money to Settle Claims
Jun 22 2005 // Utah’s city budgeting office has requested an additional $100,000 from the Municipal Council to replenish the diminished insurance-claims fund. The original budget allocated $200,000 for that fund for the 2004-2005...
Md. Lawsuit Charges Flood Insurance Conspiracy to Low-Ball Claims
Jun 20 2005 // More than 140 claimants are suing federal flood insurance officials and the program’s insurance industry partners claiming they conspired to low-ball their claims payments after their properties were hit by Tropical...
North Dakota Sets Example on Loss-History Databases
Jun 20 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
