Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Facts and Findings about Windshields
May 1 2003 // Windshields are the number one insurance claim in the United States. Thirty percent of auto insurance claims are windshields. Edge cracks account for approximately 70-80% of these windshield replacement claims. Edge cracks...
Tillinghast Study Says D&O Liability Premiums Skyrocket as Shareholder Claims Increase
Apr 28 2003 // On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers...
ISO Says Insurers Will Pay $1.2B in Storm Claims in 10 States
Apr 25 2003 // U.S. property/casualty insurers are expected to pay policyholders an estimated $1.2 billion for insured property-loss claims from a winter storm and windstorm catastrophe that pummeled 10 states in early April, according...
Crawford & Co. Revenues Slide in 1st Quarter 2003
Apr 25 2003 // Crawford & Company announced its financial results for the first quarter ended March 31, 2003, noting that revenues before reimbursements totaled $167.3 million compared with $171.8 million in the 2002 first quarter....
Ariz. Man Indicted on Multiple Fraud Counts in Nev.
Apr 21 2003 // Nevada’s Clark County Grand Jury indicted Pavel Daniel Oprea, 37, on nine felony counts of insurance fraud including three counts each of the following: false application to insurer, false claim for insurance...
Managing Claims
Apr 21 2003 // In these days of sky-high premium rates a sales person needs an edge when trying to close a sale. Many firms are adding extra services to woo new clients and retain the existing ones as well. These ideas are great....
Solution to Growing Asbestos Crisis may be on the Way
Apr 21 2003 // The ‘elephantine mass of asbestos cases’ lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,'” wrote Justice Ruth...
Solution to Growing Asbestos Crisis May be on the Way
Apr 21 2003 // The ‘elephantine mass of asbestos cases lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,'” wrote Justice Ruth Bader...
Central Miss. Storms More Expensive Than Expected
Apr 17 2003 // Mississippi Insurance Commissioner George Dale announced that the recent storms that hit central Mississippi are turning out to be much more expensive than previously thought. Dale said preliminary numbers on the cost of...
United Agencies & Industrial Risk Services Form Alliance
Apr 16 2003 // Thomas E. Hays, chairman of the board for Pasadena, Calif.-based United Agencies, recently announced that United Agencies and John Kallas of Industrial Risk Services have formed a strategic alliance. United Agencies’...
Nationwide Reports Weekend Storm Claims May Top $62 Million
Apr 14 2003 // Nationwide Insurance reported today that it has received more than 14,500 claims from weekend hail and wind storms that swept through nine states, including Alabama, Illinois, Indiana, Michigan, Mississippi, New York,...
“Eliminating Old-Fashioned Phrases” Poster Aims at Improving Claims Correspondence
Apr 10 2003 // The Communication Workshop, a writing-consulting firm in the insurance industry, has published a new two-color 8 ½ “X11” poster on eliminating old-fashioned phrases. The poster offers substitutes for each of...
Progressive Steps Up Claims Service
Apr 9 2003 // Leading auto insurer Progressive Insurance Co., well known for its claims service, is now stepping up that service to the next level, according to a statement released by the company. The Mayfield Village, Ohio-based...
Alabama Announces Regulation Hearings
Apr 7 2003 // The Alabama Department of Insurance has scheduled regulation hearings for May 6 and May 21, 2003. The May 6 hearing will address the adoption of regulations concerning customer privacy and use of credit information....
CALIF COMMISSIONER SEEKS ‘FAIR CLAIMS’ REG. CHANGES
Apr 7 2003 // Acting to provide greater protection for consumers who file insurance claims, California Commissioner John Garamendi has proposed amendments to the Fair Claims Settlement Practices (FCSP) regulations, which govern how...
Hard Market Hits California Homeowners
Apr 7 2003 // Credit scoring, CLUE reports become targets of Commissioner Garamendi’s Ire The hard market has hit California homeowners hard. State Farm, which had nearly 23 percent market share in the state in 2001 according to...
Are Cost, Availability of Calif. Homeowners Insurance at Crisis Proportions’
Apr 7 2003 // Today, the California personal lines industry is at the peak of a down cycle that has adversely affected the homeowners’ insurance marketplace. The downturn began in 2000, and worsened after the Sept. 11 attack on...
TX WATER CLAIMS BILLGOES TO SEN.
Apr 7 2003 // Legislation authored by Texas Senator Troy Fraser to speed insurance companies’ response to water damage claims, limit the amount insurers can charge homeowners for previous water damage claims, and require the...
Lindsey Morden Agrees to Acquire RSKCo Services
Apr 3 2003 // The Toronto-based–Lindsey Morden Group Inc. (LMG) announced that its wholly-owned subsidiary, Cunningham Lindsey U.S., Inc., has entered into a definitive agreement to acquire RSKCo Services, Inc. from Continental...
Equitas Settles Honeywell Asbestos Claims for $472 Million
Apr 2 2003 // Equitas, the Lloyd’s runoff vehicle established to handle claims prior to 1992, and Honeywell International jointly announced that they have “reached a comprehensive policy buy-back settlement of all insurance...
