Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Big Hammer, Small Nail: Small Contractors and Workers’ Comp
Jul 19 2004 // Some contractors are forgoing coverage altogether and sometimes find themselves shut down by state investigators enforcing rules on proper insurance protection. A small contractor today struggling with workers’...
The Guaranty Fund System: A Vital Safety Net
Jul 19 2004 // Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance...
Big Hammer, Small Nail: Small Contractors and Workers’ Comp
Jul 19 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...
Big Hammer, Small Nail: Small Contractors and Workers’ Comp
Jul 19 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...
Colorado Hailstorm Causes Over $28 Million in Damages
Jul 15 2004 // The Rocky Mountain Insurance Information Association estimates that a July 9th Colorado Springs hailstorm will result in more than 9,000 claims totaling $28.2 million in insured damage. This estimate includes approximately...
Losses Drive High Cost of Detroit Metro Auto Coverage, Insurance Lobby Says
Jul 14 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...
WCRI: Pennsylvania Workers’ Comp Medical Costs Per Claim Grow at Double-Digit Rate
Jul 14 2004 // The average medical payment for workers’ compensation claims in Pennsylvania rose nearly 14 percent during the most recent period studied, according to a new study by the Workers Compensation Research Institute...
Cybersettle to Assist in Claims Handling for CNA
Jul 13 2004 // Cybersettle, an online settlement company, has been selected by CNA, as its online settlement partner to assist with the quick resolution of commercial insurance claims. CNA’s insurance products include standard...
Sedgwick CMS to Oversee Claims for XL Insurance
Jul 12 2004 // Tennessee-based Sedgwick Claims Management Services Inc. (Sedgwick CMS) and XL Insurance (XL) have entered into an agreement whereby Sedgwick CMS will provide claims administration services on behalf of XL for selected...
Consumer Group Claims NAMIC Study on Credit Scoring ‘Flip-Flops’ Earlier Positions
Jul 9 2004 // The consumer group, Center for Economic Justice (CEJ), released a statement in response to a National Association of Mutual Insurance Companies (NAMIC) study on credit scoring. CEJ’s Executive Director Birny Birnbaum...
ISO Unveils New COA Claims-Handling Solution
Jul 9 2004 // ISO has bolstered its ISO Claims Outcome Advisor (COA) with a workers’ compensation claims-handling solution. ISO’s new Workers’ Compensation COA solution addresses the rising costs of payments for lost...
ISO: Insurers to Pay Policyholders $1.65 Billion for Q2 CAT Claims
Jul 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.65 billion for insured property-loss claims from six catastrophes affecting 23 states in the second quarter, according to...
Flood Bill Targets Repeat Claims:
Jul 5 2004 // Legislation heading for the President’s signature would begin to crack down on property owners who make repeated flood damage claims that sometimes far outstrip the value of the property. The new procedure, targeting...
CII, CILA Launch U.K. Claims Faculty
Jul 1 2004 // The U.K’s Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA) announced the launch of a new forum for the insurance industry’s 100,000-strong claims. The bulletin noted that...
WEST VIRGINIA WCBM PASSES PAIR OF RULES:
Jun 21 2004 // The Workers’ Compensation Board of Managers has approved two “historic” rules to regulate how self-insured companies will conduct business in West Virginia. Under Rule 18, the 127 active self-insured...
ALLSTATE STUDY WARNS ON COASTAL FLOODS:
Jun 21 2004 // Allstate Insurance Company said a study it conducted in 2003 identified more than 750,000 homes in coastal hurricane states that may not have flood insurance. The study looked at current Allstate homeowners insurance...
Gaining Wisdom Through Non-Subscription’s Choices and Challenges
Jun 21 2004 // Non-subscription. It’s been around for over 90 years, and has come into its own since the late 1980’s. We’ve seen that non-subscription provides Texas businesses with a choice that saved many employers...
Government to Pay Out Millions for WC Claims in Iraq
Jun 18 2004 // Mounting deaths and injuries to American civilian contractors in Iraq could cost the U.S. government millions of dollars for hundreds of workers’ compensation claims. U.S. law requires all government contractors and...
Colorado Hail Damage Approaches $150 Million
Jun 14 2004 // Based on the number of claims filed so far, the insurance industry estimates that the June 8-9 hailstorms that pummeled areas from Lakewood to Golden will result in nearly 48,000 claims totaling $146.5 million in insured...
S&P Report Highlights Threat of Silica Claims
Jun 11 2004 // Standard & Poor’s announced that it is “keeping a close eye on developments” in the area of silica exposure, as they “could produce the kinds of litigation and insurance problems that asbestos...
