Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Ivan Not Finished With U.S.; I.I.I. Reports on Florida Hurricane Damage
Sep 18 2004 // While he lost his hurricane designation several days ago, what was Hurricane Ivan continued to bring misery to the United States, spawning more tornadoes and drenching areas from Georgia up through Pennsylvania in the last...
CII Conference to Focus on FSA Claims Regulations
Sep 17 2004 // The U.K.’s Chartered Insurance Institute announced that its newly-formed Faculty of Claims is to host a session at the UK Insurance and Financial Services Conference, which will be held at the International...
PCI: Ivan Will Test Louisiana’s New High-Risk Pool, But Insurers Should Be Able to Meet Claims
Sep 16 2004 // While Louisiana’s new insurance high-risk pool reportedly hasn’t had enough time to build up a financial cushion to absorb the potential effects of Hurricane Ivan, other reforms in place should enable insurers...
Texas AG Reaches Refund Settlements with Progressive, Old American County Mutual
Sep 16 2004 // Texas Attorney General Greg Abbott announced court-approved settlements with two major auto insurers that he says will result in refund more than $3.4 million to Texas policyholders who paid more out of pocket on claims...
Safeco Team Deployed for Hurricane Ivan
Sep 16 2004 // Seattle-based Safeco’s National Catastrophe Team is deploying additional claims professionals to Alabama and surrounding states to aide customers recovering from Hurricane Ivan. Safeco claims professionals are...
Industry-Backed Study Claims TRIA Extension Would Strengthen U.S. Economy
Sep 15 2004 // A study, commissioned by the American Insurance Association, Financial Services Roundtable, National Association of Mutual Insurance Companies, National Council on Compensation Insurance, Property Casualty Insurers...
Vilsack Signs Bill to Allow Apportionment of Iowa Workers’ Comp Claims
Sep 14 2004 // In a one-day special session, the Iowa Legislature passed a controversial economic stimulus package and reforms that insurers have argued will help reduce workers compensation costs. Gov. Tom Vilsack, a Democrat, signed...
Survey Finds European Insurers Increasingly Concerned By Growing Tort Claims
Sep 14 2004 // According to the findings of a survey commissioned by The Insurance Leadership Institute of GE Insurance Solutions, independently conducted by Tillinghast, European insurers are becoming increasingly concerned by the...
PMA Group Enhances Web site Loss Reporting
Sep 14 2004 // The PMA Insurance Group has introduced an upgrade to its Web site functionality. As of Sept. 1, PMA clients have the option of reporting all lines of PMA claims electronically through the Internet. The new Internet Loss...
Asbestos – Any Options Left for Insurers’
Sep 14 2004 // While the United States Senate has expressed its willingness and commitment to solving the asbestos litigation problem facing the county, insurers remain under a siege of asbestos related claims. While hope remains that a...
PCI: Hurricanes Prove Commercial Insurance Value
Sep 9 2004 // The Property Casualty Insurers Association of America has issued a bulletin, which notes: “Business owners who debate the need for insurance coverage can learn a valuable lesson from Hurricanes Charley and...
Swiss Re Estimates Aggregate Claims for Hurricanes Charley and Frances to be Under $300 million
Sep 8 2004 // Swiss Re announced that based on current estimates, it expects that its aggregate claims related to the hurricanes Charley and Frances will be under $300 million before tax. The reinsurer’s estimate on Hurricane...
New Laws Clarify Guaranty Fund Obligations
Sep 6 2004 // Policyholders in insurer-funded programs were concerned that they might have to pay twice—some had originally posted large amounts of collateral and were now being requested to pay again. On June 28, 2004, Pennsylvania...
PIFC REPORTS MEMBER COMPANY CLAIMS FILED FROM SHASTA FIRES:
Sep 6 2004 // The Personal Insurance Federation of California (PIFC), an insurance trade association representing insurers that write approximately 50 percent of insured homes in California, reported on the losses being handled by its...
PCI: Frances Will Bring More Claims But Lower Severity
Sep 6 2004 // Preliminary reports from insurers indicate that Hurricane Frances will produce significantly more claims than Hurricane Charley, but the average claim will not be as high, according to Des Plaines, Ill.-based Property...
Dual Hurricanes Will Challenge Claims Handling Process
Sep 3 2004 // The historic one-two punch of Hurricanes Frances and Charley will make the claims handling process in Florida more difficult, but still manageable, according to the Insurance Information Institute (I.I.I.) The I.I.I....
PIFC Updates Member Co. Claims from Shasta Fires
Sep 1 2004 // The Personal Insurance Federation of California (PIFC), an insurance trade association representing insurers that write approximately 50 percent of insured homes in California, reported on the losses being handled by its...
Commerce Insurance Claims It Fears Liability, Not Competition, If Mass. Auto Changes Adopted
Aug 26 2004 // The leading writer of auto insurance in Massachusetts says it opposes the changes to the state’s residual market not because it fears competition or dislikes the assigned risk plan concept but because it fears...
Safeco Estimates Losses From Hurricane Charley
Aug 25 2004 // Seattle-based Safeco announced that claims stemming from Hurricane Charley are estimated at $45 million in pretax catastrophe losses. This figure represents the estimated losses both from claims received through Aug. 24,...
Right This Way! Hotels Make Room for Risk Management
Aug 23 2004 // In the months after the Sept. 11 terrorist attacks, the U.S. hospitality industry took a one-two punch. Travel and tourism plummeted as worried Americans canceled vacation plans and cautious businesses cut back on trips....
