Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
N.J. Couple Driven to Auto Accident Settlement Monies Fraud; Managed to Net More Than $25,000
Apr 7 2004 // New Jersey Attorney General Peter Harvey announced that a former Middlesex County-based insurance company employee and her boyfriend have been charged by the Division of Criminal Justice -Office of Insurance Fraud...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
The ‘Red Flag’ That Isn’t There
Apr 5 2004 // Starting from an early age, I was always interested in the subject of magic. I would watch the great magicians of the day, read books about Houdini and others, and haunt my local magic shop on Saturday afternoons. It...
One TPA Says it Has the Secret to Reining in Comp’s Transition Costs
Apr 5 2004 // At first glance, Jeffrey McDaniel does not seem disabled. He is built like a football player, and in his mesh green and gold jersey he looks like one too. A pat on the back reveals his muscled frame, the one that helped...
Bonds: A Return to Disciplined Underwriting
Apr 5 2004 // Writing surety bonds is a niche that perfectly illustrates why specialization is so important in the insurance industry. Bond underwriters need to exercise the utmost caution when issuing bonds, and they need to make sure...
Ga. Set to Repeal Workers’ Comp Subsequent Injury Trust Fund
Apr 2 2004 // The Georgia Senate on Thursday passed and sent to the governor legislation eliminating the reported outdated and costly state-sponsored workers’ compensation Subsequent Injury Trust Fund (SITF). H.B. 1579, introduced...
Safeco Settles Suit, May Face $3 million in Claims
Apr 2 2004 // Safeco auto insurance customers who were injured by uninsured or underinsured motorists or who filed medical claims during the last eight years may be able to collect additional compensation under a court settlement...
Brokerage Growth Slowing, Study Claims
Apr 1 2004 // The eight leading brokerage firms saw only an 8 percent growth in organic revenue in the fourth quarter of 2003, according to a year-end survey by WFG Capital Advisors, an insurance industry investment banking...
Fla. Trio Make Jail Their New Home After Being Nabbed for $1.5 Million in Insurance Fraud
Mar 26 2004 // Chief Financial Officer Tom Gallagher and Attorney General Charlie Crist announced the arrests of three South Florida residents on charges that they defrauded Chubb Insurance Company with false claims netting more than...
Liability Management Systems Expands Services to Include Casualty Claims
Mar 26 2004 // San Francisco-based Liability Management Systems, LLC, a member of the FSC Group, announces the expansion of its risk and loss management practice with the addition of casualty claims consultation to serve the insurance...
Travelers Reaches Asbestos Settlement with Equitas
Mar 23 2004 // Lloyd’s runoff vehicle Equitas and Travelers Property Casualty have reached a comprehensive settlement of policies existing between Travelers and the Lloyd’s underwriters who are reinsured by Equitas. Equitas...
Adding Value in the Workers’ Comp Market Through Technical Analysis
Mar 22 2004 // If insurance brokers want to add value and differentiate themselves from their competitors in this hardening workers’ compensation marketplace, they should pay attention to the intricacies of how experience...
Mich. Ups Catastrophic Claims Charge
Mar 22 2004 // Michigan, the only state that offers unlimited lifetime medical benefits for people catastrophically injured in car crashes, said it will raise by $27 the premium included in consumers’ auto insurance bills,...
Maryland Chief Presses for Changes to Flood Program
Mar 22 2004 // Driven by complaints from victims of Hurricane Isabel, Maryland insurance officials have called for changes in the way the nation’s flood insurance program is run. “We have seen first hand the loss of homes,...
Trusting in Workers’ Compensation Self-Insurance Programs
Mar 22 2004 // For larger risks, a self-insurance plan might be the right fit As premiums for workers’ compensation rise, employers across the United States are looking for alternative ways to cover their risks. Some employers have...
One TPA Says it Has the Secret to Reining in Comp’s Transition Costs
Mar 22 2004 // At first glance, Jeffrey McDaniel does not seem disabled. He is built like a football player, and in his mesh green and gold jersey he looks like one too. A pat on the back reveals his muscled frame, the one that helped...
TRG CLAIMS TO BE PAID IN ARK.:
Mar 22 2004 // Arkansas Insurance Commissioner Mike Pickens said agreements have been reached regarding the payment of outstanding claims for enrollees in the health plan of TRG Marketing LLC. National Health Plans Plus Inc. (NHPP) has...
Adding Value in the Workers’ Comp Market Through Technical Analysis
Mar 22 2004 // If insurance brokers want to add value and differentiate themselves from their competitors in this hardening workers’ compensation marketplace, they should pay attention to the intricacies of how experience...
All Wrapped Up in Workers’ Comp
Mar 22 2004 // No surprise, but with the first quarter of 2004 drawing to a close, workers’ compensation remains, as it has been for many years, one of the most troubled lines of insurance in the United States. On a calendar year...
N.Y. Turns to Cybersetttle to Handle Claims with Insurers in Liquidation
Mar 17 2004 // Cybersettle, a White Plains, N.Y. online settlement company, has been contracted by the New York State Insurance Department Liquidation Bureau to accelerate the resolution of claims filed with insurance companies currently...
