Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Why Insurance Costs Go Up and What Customers Can Do To Save Money
Sep 30 2002 // As renewal notices go out in the mail, insurance agents across Texas are answering calls from their policyholders, some of whom are facing rising homeowners and auto insurance rates. Texas law requires proof of financial...
CAP-MPT Awarded Claims Administration Contract
Sep 27 2002 // Catholic Healthcare West (CHW) has awarded a multi-year contract to the Cooperative of American Physicians, Inc.-Mutual Protection Trust (CAP-MPT) to resolve legal claims remaining after CHW’s recent divestiture of...
Court Rejects Generali, Zurich Life Contentions in Holocaust Claims Lawsuit
Sep 26 2002 // A federal court in New York has ruled that a lawsuit brought by Holocaust victims and their families against Italian insurer Generali and Switzerland’s Zurich Life Insurance Co. can go forward in the U.S. court. The...
Chicago Dr. Who Made Claims for Dead Patients Pleads Guilty to Fraud Charges
Sep 23 2002 // Dr. Krishnaswami Sriram, 44, a cardiologist from Lake Forest pleaded guilty on Thursday to what prosecutors called a massive fraud scheme, admitting he claimed to have provided care for patients after they had died. The...
SalvageSale Announces Management Changes
Sep 19 2002 // SalvageSale Inc., the Houston-based online salvage marketplace and salvor services provider for the claims recovery and commercial salvage markets, announced that Thomas DiSarlo has joined its subsidiary, SalvageSale...
N.Y. Superintendent Extends Filing Deadline for Holocaust-Era Claims
Sep 18 2002 // New York Superintendent Gregory Serio announced an extension of the deadline for Holocaust survivors and their heirs to file insurance claims with the International Commission on Holocaust Era Insurance Claims (ICHEIC) to...
Insurance Journal Acquires Claims Guides Directories
Sep 17 2002 // Wells Publishing Inc., which has published Insurance Journal for 79 years, has added Claims Guides to its list of publications. Claims Guides, which will be published in 37 different regions across the country, will...
Campbell vs. State Farm: U.S. Supreme Court May Resolve Issue
Sep 16 2002 // Outrageous! A travesty of Justice! Should be reversed! Both sides have probably said that at one time or another as the case of Campbell vs. State Farm worked it’s way through Utah’s court system, culminating...
Couple Files False Burglary Claims
Sep 16 2002 // Investigators from the CDI arrested a Sacramento couple on two felony counts of insurance fraud for allegedly filing false claims regarding losses they suffered when their home was burglarized and one count of obtaining...
Eastern European Floods Cause Widespread Damage
Sep 16 2002 // The floods that devastated Eastern Europe throughout August may have been caused by global warming, or by one of the 100-200 year storms probability theory predicts, or maybe just bad luck. They were in any case, the most...
AAI Says Economic Factors Driving P&C Rates; Urges Regulators to Resist Rush to Regulate
Sep 10 2002 // Economic factors such as rapidly increasing claims costs are driving the increase in insurance premiums, according to the Alliance of American Insurers. “As the insurance industry recovers from its disastrous results...
So. Korea Insurers Estimate Typhoon Claims at $130 Million
Sep 10 2002 // South Korea’s property/casualty insurers have estimated that they will pay 156.3 billion won (around $130 million) in claims for damages caused by typhoon Rusa, which struck the country last week (See IJ Website...
TDI Files Proposal to Limit Denials Based on Past Water Damage Claims
Sep 9 2002 // As anticipated, the Texas Department of Insurance has filed a proposed rule that would limit insurer’s ability to deny homeowners insurance coverage based solely on a history of water damage claims. Texas Insurance...
Mass. Fraud Bureau to Host Claims Fraud Conference
Sep 9 2002 // The Insurance Fraud Bureau of Massachusetts will host a conference Nov. 7-8 to discuss new technologies and techniques used to prevent insurance claim fraud. Entitled “Insurance Claim Fraud: Developing the Models and...
FINEOS to Supply Aviva’s Delta Lloyd with Claims Management System
Sep 6 2002 // Ireland’s FINEOS Corp., which conducts business in the U.S. from Portland Maine, announced that it has agreed to supply Delta Lloyd in the Netherlands, a division of the U.K. ‘s AVIVA plc (formerly CGNU), with...
9/11 and Insurance, One Year Later; Terror Attacks Most Complex Disaster in History
Sep 6 2002 // One year after the terrorist attacks in New York, Virginia and Pennsylvania, the Insurance Information Institute estimates that the total insurance loss from Sept. 11 will ultimately be about $40.2 billion. “9/11 is...
ISO Launches XML-enabled Personal Injury Claims Management Solution
Sep 5 2002 // Insurance Services Office (ISO), a leading provider of insurance claims services and information about property and liability risk, has enhanced its Claims Outcome Advisor™ (COA) application to provide the...
Weiss Ratings Says Domestic Insurers Report Net Claims of $8.5 Billion from Sept. 11 Attacks
Sep 4 2002 // The nation’s property and casualty insurers reported $8.47 billion in net claims (1) arising from the Sept. 11 terrorist attacks, according to research by Weiss Ratings Inc. Two groups of insurance companies,...
ADP Claims Services Names John Kotsopoulos Vice President of Sales
Sep 3 2002 // ADP Claims Services Group, a provider of information services for the insurance, collision repair and recycling industries, announced the appointment of John Kotsopoulos as vice president sales, collision repair services...
Munich Re May Have Less Than $2.55 Billion in WTC Claims
Sep 3 2002 // Munich Re’s Chairman Hans-Jürgen Schinzler recently indicated that the world’s largest reinsurer may actually be exposed to less than the €2.6 billion ($2.55 billion) it has reserved for the payment of WTC...
