Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Multistate UnumProvident Settlement Approved
Dec 23 2004 // At least 40 states have approved a settlement in an investigation of UnumProvident Corp., requiring the disability giant to reconsider about 200,000 claims and pay a $15 million fine, insurance officials involved in the...
Minn. Also Nets $560,000 in Penalties From UnumProvident for Denying Disability Insurance Claims
Dec 23 2004 // The Unum Life Insurance Company of America, Provident Life And Accident Insurance Company, and the Paul Revere Life Insurance Co., all subsidiaries of UnumProvident, have agreed to settle issues regarding claims handling...
Texas to Receive $1M from Multi-State Settlement with Disability Insurers
Dec 22 2004 // The Texas Department of Insurance announced its participation in a nationwide settlement with three disability insurers owned by UnumProvident Corp. over allegations of improper claims handling practices. The settlement...
Mich. DOI Secures Half-Million Dollar Penalty From UnumProvident for Not Paying Disability Claims
Dec 22 2004 // Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters signed a settlement agreement with the three principal insurers of the UnumProvident Group, which are Unum Life Insurance Company of...
Tenn. Commissioner Says Multi-State UnumProvident Settlement Signed
Dec 21 2004 // At least 40 states have ratified landmark multi-state settlement agreements involving three major disability insurance carriers owned by UnumProvident Corp. of Chattanooga, Tenn., insurance regulators announced...
Swiss Re <em>sigma</em> 2004 Catastrophe Estimates: 21,000 Dead; $105 Billion Economic Loss; $42 Billion Insured
Dec 21 2004 // According to preliminary estimates from Swiss Re’s forthcoming sigma report, more than 21,000 people around the world lost their lives as a result of natural and man-made catastrophes in 2004. Economic losses were...
AIG Specialty WC Site Expansion
Dec 20 2004 // AIG Specialty Workers’ Compensation, a division of the property and casualty insurance subsidiaries of American International Group Inc., expanded its “Partners in Productivity” Web site to enable its...
Climate Change Convention Sounds Warnings on Weather and Claims
Dec 17 2004 // The phrase “Climate Change” has taken its place in the world’s lexicon alongside “discrimination,” “colonialism,” “nationalism,” “iron curtain,”...
N.J. Residents Pulled Over in Accident Scam
Dec 16 2004 // New Jersey Attorney General Peter Harvey announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor obtained a State Grand Jury indictment charging five North Jersey residents with...
U.K.’s Amicus Decries Insurers’ Opposition to Asbestos Claims; “Ambulance Chasers”
Dec 14 2004 // Amicus, the U.K.’s largest private sector union, announced it will issue a statement condemning insurers, whom it accuses of “attempting to shirk their responsibility to compensate up to 75 percent of asbestos...
4,000 Businesses In Group Comp Fund Owe $51 Million In Ky. Self-Insurance Claims
Dec 10 2004 // More than 4,000 Kentucky business owners participating in a group workers’ compensation fund have been left holding-the-bag and being billed for $51 million in claims racked up by AIK Comp, a self-insurance plan...
Former N.C. DoT Employee Sentenced for Disability Claims Fraud
Dec 10 2004 // Denise Hargrove of Raleigh, N.C. has been sentenced to from four to five-and-a-half years in prison and one year of probation for insurance fraud. Hargrove, a former Department of Transportation employee, admitted she...
Citizens Property Crunching Numbers to Pay Fla. Policyholders Following Storms
Dec 8 2004 // Citizens Property Insurance Corporation (Citizens), Florida’s state-run insurer of last resort, could face a shortfall in available funds to pay off insurance claims and might have to assess an $86 per policy to...
CII Introduces Six New Examination Subjects
Dec 7 2004 // The U.K.’s Chartered Insurance Institute (CII) has announced the introduction of six new examinations into the 2005 general insurance qualifications framework covering topics from insurance law to subsidence claims...
Self Insured Solutions Forms California’s First Agricultural Workers’ Comp Self-insured Group
Dec 6 2004 // Following up on the establishment of the California Contractors Network — a self-insured group (SIG) for high-risk employers — Self Insured Solutions has created California’s first Agricultural...
Task Force X-Rays Maryland Medical Malpractice System
Dec 6 2004 // Having low risk doctors subsidize premiums for higher risk doctors, establishing state courts exclusively for health matters, abolishing the state’s arbitration office, licensing life care planners, restricting...
MASS. MALPRACTICE CLAIMS DECLINE:
Dec 6 2004 // The number of medical malpractice payments made by Massachusetts doctors peaked in 2001 and has begun to gradually decline, while the average size of those payments continues to soar, according to a new government report....
Vail’s Resurgence: Is Independent Damage Still Required for Bad Faith’
Dec 6 2004 // In the arena of liability coverage, a number of significant, yet unresolved, issues are being considered by the Texas Supreme Court: The insurability of punitive damages is under review; selection of defense counsel is in...
States Reach $120 Million Claims Agreement with UnumProvident
Dec 6 2004 // A multi-state settlement with UnumProvident Corp. over its disputed handling of disability claims would cost the firm more than $120 million to comply and require it to review more than seven years of claims. It also calls...
Carl Warren & Company Launches New Website
Dec 1 2004 // Carl Warren & Company, a liability claims management company headquartered in Orange, California, celebrates 60 years as a third party claims administrator and launches a new website at their current website address...
