Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Agents, Insurers Claim Proposed Asbestos Legislation Falls Short of Solving the Problem
Jan 11 2005 // The Independent Insurance Agents & Brokers of America applauded Senate Judiciary Committee Chairman Arlen Specter (R-Pa.) for moving quickly to hold hearings on proposed asbestos legislation, but says the association...
Calif. Mudslide Claims Lives; Heavy Rains Continue
Jan 11 2005 // Any fears of a drought this year in California are likely going by the wayside. Heavy rains hammered the state again on Tuesday as authorities reported four people were killed and more are missing in a mudslide in La...
Zurich, Calif. Commissioner Settle Case Involving Liquidation of Superior Nat’l, Centre Insurance Cos.
Jan 11 2005 // Zurich Financial Services Group (Zurich) announced that the Insurance Commissioner of the State of California, as liquidator of the Superior National Insurance Companies (the “Liquidator”), and Centre Insurance...
PartnerRe: Tsunami Claims Likely $25M-$35M
Jan 11 2005 // Bermuda-based PartnerRe Ltd. on Tuesday estimated that claims relating to its exposure to the earthquake and resulting tsunami in Southeast Asia on Dec. 26, 2004 are expected to be between $25-$35 million. PartnerRe...
Equitas Settles $200 Million in Asbestos Claims
Jan 10 2005 // Equitas, the runoff vehicle established in 1996 to handle Lloyd’s exposure to asbestos and environmental claims, announced that it has settled more than £105 million ($200 million) in claims with four...
Snow-birds Flocking to Fla., Filing 8,000 Damage Claims Per Week
Jan 10 2005 // Snow-birds who only come to Florida in the winter are accounting for an average of 8,000 new hurricane damage claims per week according to the Hurricane Insurance Information Center and the Florida Insurance Council. More...
More Than 10,000 Louisianians Entitled to Reassessment of Claims by Unumprovident
Jan 7 2005 // The Louisiana Department of Insurance reported that more than 8,000 Louisiana claimants are receiving a reassessment form this month in a letter from UnumProvident Corp. as part of a multi-state settlement. Completing the...
UnumProvident to Reassess Claims of 2,000-Plus Ark. Insurance Consumers
Jan 7 2005 // Arkansas Insurance Commissioner Mike Pickens announced his state has reached a settlement agreement with UnumProvident insurance companies, which requires a re-evaluation of certain consumer-disputed disability insurance...
300-Plus Claims Filed Over Okla. Plant Explosion
Jan 6 2005 // More than 300 insurance claims have been filed concerning a furnace explosion at a scrap metal plant in Muskogee, Okla., that killed two employees and damaged nearby homes, according to the Associated Press. Insurance...
How Many Times Does the Insurer Pay – Multiple Occurrences’
Jan 5 2005 // With the recent news that some insurers will be liable for “two events” relating to the World Trade Center attacks on Sept. 11, many in the insurance world have focused their attention to the “number of...
Citizens Property Reduces Fla. Complaints, Improves Customer Service
Jan 5 2005 // Citizens Property Insurance Corporation has closed more than 81 percent of outstanding residential claims and taken strides to reduce consumer complaints, Citizens officials announced today. The improvements come in...
INSURERS BACK MD. CLAIMS LAW:
Jan 3 2005 // The Property Casualty Insurers Association of America has filed an amicus brief before the Maryland Court of Appeals, urging the court to affirm a lower court decision upholding a law, in existence since 1872, that...
Beleaguered Workers' Comp Lines Seek Captives as a Solution
Jan 3 2005 // With workers’ compensation insurance costs skyrocketing, many companies are considering a captive solution, but industry observers say companies should first consider all alternatives, and if they do decide to set up...
Partnership to Improve Hurricane Preparedness
Jan 3 2005 // Floridians will long remember 2004 as the year of the hurricane. The Atlantic region had 15 named storms, nine of them hurricanes. Of those, four hit Florida in the span of six weeks. Recently, hurricane forecaster William...
Melting Snow, Ice Increase Claims in Ohio, Kentucky, North Carolina
Dec 30 2004 // The Kentucky Insurance Commission estimates damages of from $400,000 to $500,000 in losses due to last week’s winter storms and warmer temperatures this week. An unusual amount of snow and ice, high winds and...
Swiss Re Estimates Tsunami Claims Under $90 Million
Dec 30 2004 // Swiss Re has released a statement indicating that it expects its claims for the tsunamis in the Indian Ocean to be below CHF 100 million ($88.5 million). “On 26 December 2004 near the North of Indonesia, an...
Munich Re Estimates Tsunami Claims Below $136 Million
Dec 29 2004 // Munich Re, the world’s biggest reinsurer, has issued a bulletin concerning possible losses from the tidal waves that struck many countries around the Indian Ocean on Dec. 26, which estimates the company’s...
S&P Sees No Effect on Australian Insurers’ Ratings from Tsunami Losses
Dec 29 2004 // Standard & Poor’s Ratings Services has issued a bulletin stating that it does not expect Australian general insurers to be materially affected by the cost of insurance claims arising from the Indian Ocean...
Crawford & Co. Mobilizes Catastrophe Team To Southeast Asia
Dec 29 2004 // Atlanta-based Crawford & Co., an independent provider of claims management services, has mobilized a catastrophe team in response to the Dec. 26 tsunami that devastated Southeast Asia. The company is an independent...
Class-Action Lawsuit Claims Hix Insurance Misled N.C. Customers
Dec 28 2004 // A class-action lawsuit has been filed in North Carolina’s Guilford Superior Court claiming that Hix Insurance of Greensboro has misled thousands of its North Carolina customers, especially Latinos, into unknowingly...
