Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Gov. Bush Sees Hope for Industry in Florida and Nationally
Sep 8 2003 // From medical malpractice to workers’ compensation, Florida Gov. Jeb Bush (R) has been working with insurance industry leaders to solve problems in the Sunshine State during his two terms in office. The issues in...
NY Notes Deadline for Holocaust Claims Filing Extended to December
Sep 5 2003 // New York’s Superintendent of Insurance Gregory V. Serio announced that the deadline for Holocaust survivors and their heirs to file insurance claims with the International Commission on Holocaust Era Insurance Claims...
Weiss Ratings: U.S. Insurers’ 9/11 Losses Reach $9.3 Billion
Sep 5 2003 // Weiss Ratings Inc. of Palm Beach Gardens, Fla., reported that U.S. property and casualty insurers’ net claims arising from the Sept. 11 terrorist attacks reached $9.3 billion by December 31, 2002, compared to $8.5...
NYSID Announces Arrest of Two Women for Fraudulent WTC Life Claims
Aug 28 2003 // New York’s Superintendent of Insurance, Gregory V. Serio, announced the arrests of Dorothy Johnson and Twila McKee, both of Milwaukee, Wisconsin, on charges of insurance fraud and attempted theft by fraud for...
ACE Limited Appoints Lattal Chief Claims Officer
Aug 27 2003 // Bermuda-based ACE Limited announced the appointment of Frank Lattal to the position of Chief Claims Officer. He will oversee all aspects of claims management and administration for the ACE Group of Companies worldwide...
Cadillac Escalade SUV Drives Off As Top Theft Target, Worst Overall Theft Losses
Aug 22 2003 // According to the latest report from the Highway Loss Data Institute (HLDI), an affiliate of the Insurance Institute for Highway Safety, the Cadillac Escalade SUV has the most frequent theft claims among 2000-02 model...
Employers, Injured Workers, Happy with Wash. L&I’s Claims Handling Practices
Aug 21 2003 // Most employers and injured workers are happy with how the Washington Department of Labor and Industries handles workers’ compensation claims, according to a recent customer satisfaction survey. The Gilmore Research...
SCINS Says Costs for Water Damage Growing Rapidly
Aug 21 2003 // The cost of household water damage in South Carolina continues to grow at an alarming rate, according to the South Carolina Insurance News Service (SCINS). The group said that in 2002 water claims cost the insurance...
Losses from Tropical Storm Bill Estimated at Almost $22M
Aug 19 2003 // Louisiana Insurance Commissioner Robert Wooley announced that new and final estimates by the state’s Department of Insurance show Tropical Storm Bill caused nearly $22 million in insured damages in...
Report Europe’s Insurers Take Cautious Line on Blackout Claims
Aug 18 2003 // European Insurers are reportedly adopting a “wait and see” attitude concerning potential claims from the blackout that hit the Northeastern U.S. and parts of Canada last week. Both Reuters and Dow Jones...
GAINSCO Takes Loss for Q2, First Six Months
Aug 15 2003 // GAINSCO Inc., a property/casualty insurance holding company based in Dallas, announced losses in net income for the second quarter and first six months of 2003 but the company noted that the losses are significantly less...
Allianz Flood Claims Top $900 Million; Will Reduce BMW Stake
Aug 11 2003 // Germany’s Allianz announced that it has now processed nearly all of the claims from last summer’s floods in Germany and Eastern Europe, and has paid more than 805 million euros ($909.65). It also revealed plans...
Horace Mann Stops the Bleeding
Aug 6 2003 // Springfield, Ill.-based Horace Mann Educators Corp. reported net income of $2.1 million (5 cents per share) and $10.2 million (24 cents per share), respectively, for the three and six months ended June 30, 2003, compared...
ClaimIQ Releases V 2.0 of Decision Support Platform for P/C Claims Handling
Jul 29 2003 // ClaimIQ, a San Francisco-based provider of decision support solutions for Property-Casualty insurance carriers, announced the Version 2.0 release of InjuryIQ(TM), LiabilityIQ(TM), and VerityIQ(TM). ClaimIQ’s...
St. Paul Surety Claims Brings Earnings Down by $120 Million
Jul 28 2003 // The St. Paul Cos. advised today that the second-quarter 2003 earnings impact related to a surety exposure, with a total aggregate face amount of $120 million as previously described in a Report on Form 8-K filed on April...
1 in 3 Americans OK With Inflating Insurance Claims
Jul 25 2003 // One in three U.S. adults say that it is all right to exaggerate insurance claims under certain circumstances, according to a recent Insurance Research Council (IRC) survey. These respondents agreed that it is acceptable to...
Texas Commish Offers Claudette Claims Tips
Jul 23 2003 // Texas Insurance Commissioner Jose Montemayor offered Texans effected by Hurricane Claudette some basic, common sense steps to take, and mistakes to avoid, as they attempt to receive a prompt and fair settlement from their...
Calif. Commissioner Enjoined from Implementing Flawed Fair Claims Settlement Practices Regs
Jul 23 2003 // Three statewide insurance trade associations won a preliminary ruling today by the Superior Court of California enjoining the California Department of Insurance from implementing a new set of amendments to the Fair Claims...
BILL’S DAMAGES ‘MINIMAL’ IN LA.:
Jul 21 2003 // Louisiana Commissioner of Insurance Robert Wooley said preliminary estimates show Tropical Storm Bill caused around $16 million in insured damages in Louisiana. Included in that figure are federal flood insurance claims....
Fla. RRG Hopes to Address LTC Liability Crisis
Jul 21 2003 // With national and state efforts at altering medical liability rules once again failing to hurdle the predictable political roadblocks and the commercial insurance marketplace struggling to provide the coverages so many...
