Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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....
Big Hammer, Small Nail
Aug 23 2004 // Some contractors are forgoing coverage altogether and sometimes find themselves shut down by state investigators enforcing rules on proper insurance protection. Small contractors struggling with workers’ compensation...
GEORGIA COMM. REPORTS 43,000 RESIDENTS HELPED TO DATE IN 2004; $7.9 MILLION IN CLAIMS RECOVERED:
Aug 23 2004 // In the first half of 2004, Georgia Insurance Commissioner John Oxendine’s Consumer Services Division helped more than 43,000 Georgia residents settle disputes with their insurance companies, returning $7,900,840 in...
The Ins and Outs of Errors and Omissions Insurance
Aug 23 2004 // Almost all agents have clients with errors and omissions (E&O) exposure and the most difficult job the agent may have is convincing the client that they have the exposure. After 20 years of selling...
CALIF. SUPREME COURT ISSUES MAJOR RULING ON INSURER BAD-FAITH CLAIMS:
Aug 23 2004 // The California Supreme Court threw out a lower court ruling that had resulted in a multi-million dollar damage award against an insurance company. The Association of California Insurance Companies (ACIC) had filed an...
Fiduciary Liability: The Most Misunderstood of Management Exposures
Aug 23 2004 // In the early 1960s, life in the United States was lived at a slower pace. Transportation and communication required more time (and patience) and employees were more inclined to trust employers on issues relating to...
PIFC Reports Member Company Claims Filed from Shasta Fires
Aug 19 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...
Fla. CFO, Insurance Executives See Charley’s Wrath During Tour of Storm-Damaged Areas
Aug 19 2004 // Punta Gorda – Florida’s Chief Financial Officer Tom Gallagher on Thursday took executives from several major insurance companies on aerial and ground tours of areas devastated by Hurricane Charley. Gallagher...
Schifrin, Gagnon & Dickey, Inc. Announces Steve Tilghman to Join Senior Management Team
Aug 19 2004 // We are excited to announce that Steve Tilghman has joined the Senior Management team at Schifrin, Gagnon & Dickey. Steve brings over thirty three years of adjusting, claims consulting and management experience in the...
GAINSCO Reports Q2 Results
Aug 16 2004 // GAINSCO Inc., headquartered in Dallas, reported net income for the second quarter 2004 of approximately $1.0 million. After the accretion of the discount on the redeemable preferred stock of approximately $0.8 million and...
21st Century Tallies Claims From Charley
Aug 16 2004 // Florida-based 21st Century Holding Co. has reported losses for Hurricane Charley. Edward (Ted) Lawson, president & chairman of the Board, commented about Federated National Insurance Company, a subsidiary of 21st...
Fla. CFO Activates System to Expedite Payment of Claims Following Charley
Aug 13 2004 // As local, state and federal officials and volunteer organizations prepare to assist residents affected by Hurricane Charley, the Department of Financial Services is gearing up to quickly help thousands of Floridians who...
Nationwide Preps for Bonnie, Charley
Aug 11 2004 // Nationwide Mutual Insurance Co. reportedly has claim representatives and agents prepared to assist customers following landfall of Tropical Storm Bonnie or Hurricane Charley. “Claims specialists will be positioned in...
Ohio BWC Reports Paid Medical Costs for WC Claims Lower Than Expected
Aug 10 2004 // The Ohio Bureau of Workers’ Compensation (BWC) announced this week paid medical costs for workers’ compensation claims were 8.5 percent, or nearly $80 million lower, than expected medical costs for fiscal year...
Calif. Supreme Court Issues Major Ruling on Insurer Bad-Faith Claims
Aug 9 2004 // The California Supreme Court threw out a lower court ruling that had resulted in a multimillion-dollar damage award against an insurance company. The Association of California Insurance Companies (ACIC) had filed an amicus...
WCRI: Pennsylvania Comp Medical Costs Per Claim Continue Growth
Aug 9 2004 // The average medical payment for workers’ compensation claims in Pennsylvania rose nearly 14 percent during the most recent period studied, according to the Workers Compensation Research Institute (WCRI). The study...
Losses Drive High Cost of Detroit Metro Auto Coverage, Insurance Lobby Says
Aug 9 2004 // Higher claims frequency and severity make it twice as expensive for insurers to offer full auto and homeowners coverage to residents in metropolitan Detroit than the state as a whole, according to a recent study conducted...
CWCI to Hold Seminar on Permanent Disability Rating
Aug 5 2004 // The California Workers’ Compensation Institute will present a seminar titled “Impairment Rating in California Workers’ Compensation: AMA Guides 101”, from 9 a.m. to 4 p.m. on Tuesday, October 5 at...
The Expanding Ability of an Insurer to Recoup Costs Expended for Uncovered Claims
Aug 4 2004 // Insurers are routinely presented with complaints filed against their insureds where some of the complaint’s allegations do not fall within the coverage provided by an insured’s insurance policy. Nevertheless,...
Safeco Launches Boat Center
Aug 4 2004 // With boating season in full swing, Seattle-based Safeco announced the launch of a new specialized claims unit dedicated to handling boaters’ insurance claims. The National Boat Unit, located in Spokane, Wash., is...
