Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Workers’ Compensation Fund Installs HNC Claims Advisor for Subrogation
Jun 3 2002 // San Diego-based HNC Software Inc., a provider of high-end analytics and decision management software, announced that Workers Compensation Fund, based in Salt Lake City, Utah, has installed HNC Claims Advisor for...
Trio of Calif. Residents Arrested in Claims Payment Scheme
May 31 2002 // The California Department of Insurance (CDI) arrested three northern California residents on multiple counts ranging from insurance fraud to embezzlement and grand theft. Patricia Anne Okuniewicz, 40, of San Jose...
Doctor Files Fraudulent Workers’ Comp Claims
May 27 2002 // The CDI arrested a Redding man on six felony counts of insurance fraud, six counts of grand theft and one count of conspiracy. Richard W. Powell, M.D., 43, was arrested at his office in Redding, Calif. and booked into the...
China Airlines Fully Insured for 747 Crash Claims
May 27 2002 // As rescuers attempt to locate the flight recorders, and continue the grim task of trying to recover the remains of the 225 people aboard a China Airlines 747 that apparently disintegrated on a flight from Taipei to Hong...
mySAP™
May 27 2002 // SAP AG, a Walldorf, Germany-based provider of e-business software solutions, announced enhancements to its mySAP™ Insurance Solution, including new claims management and CRM capabilities for property and casualty...
Watch the Skies, Weather Still Causing Trouble for Homeowners Markets
May 27 2002 // For the past year, while the Texas homeowners insurance market reeled from the effects of mold claims on premium (and still does), homeowners markets in other states have begun bracing themselves for similar nightmare...
Erie Estimates $33-$37 Million in Claims from Tornadoes, Hail Storms
May 23 2002 // Pennsylvania-based Erie Insurance Group announced that claims estimates are between $33 and $37 million as a result of the damages caused by the tornadoes, wind and hail storms that struck Maryland, Virginia, West Virginia...
Latest Round in WTC Claims Dispute
May 17 2002 // Both sides fired off some heavy salvoes in the ongoing dispute over the amount of the recovery to be paid for the destroyed WTC towers. Lawyers for Silverstein Properties, the master leaseholder, filed a motion for summary...
U.K. High Court Decision Opens Door to Asbestos Claims
May 17 2002 // A unanimous decision by Britain’s Law Lords, the U.K.’s highest court, will permit sufferers from asbestos related diseases to file claims, even though they cannot prove with certainty, where they may have been...
AIG Denies Exposure to U.K. Asbestos Claims
May 16 2002 // Americ an International Group, Inc.. issued a statement denying reports that it has substantial asbestos exposure in the UK, which could be triggered by a pending legal decision. “AIG has virtually no substantial...
Chubb Estimates $34 Million in Claims from PPG Asbestos Settlement
May 16 2002 // New Jersey-based Chubb Corp. acknowledged that it expects to may around $34 million as its portion of the $2.7 billion settlement reached by PPG Industries to settle over 435,000 asbestos related cases against its bankrupt...
Update: Swiss Re, Silverstein, Willis WTC Claims
May 13 2002 // Lawyers for Silverstein Properties have strongly denied Swiss Re’s assertions that the form provided by Willis, which bound the insurers to cover the destruction of the World Trade Center, specified that the loss of...
NAII Says Amendments to Calif. Regulations Makes Claims Handling More Difficult, Expensive for Insur
May 9 2002 // Proposed amendments to California’s fair claims settlements practices regulations exceed the Department of Insurance’s authority and would prevent insurers from settling claims in a prompt, efficient, and fair...
Survey Reveals Insurers Likely to Pay Claims
May 1 2002 // In an age where structured financial transactions and guarantees are becoming more complex, certain insurance companies now provide transparency and a willingness to pay claims as a value-added for their investors, said a...
Supreme Court Denies Insurers from Challenging Quake Claims Law
Apr 30 2002 // The Supreme Court denied a challenge to state law to stop California earthquake victims from refiling homeowners claims in retrospect to the 1994 Northridge earthquake, according to the Associated Press. The law, which was...
TDI ISSUES MOLD CLAIMS GUIDE
Apr 29 2002 // Texas Insurance Commissioner Jose Montemayor has authorized the release of a new reference brochure, “Effectively Handling Water Damage and Mold Claims: A Consumer Guide,” for consumers and insurers. In letters...
Study Finds Penn. Workers’ Comp Gives More Services for Less Cost
Apr 24 2002 // A new study by the Workers Compensation Research Institute (WCRI) found that lower than average prices for medical services in Pennsylvania’s workers’ compensation system offset the higher utilization of...
Aon Claims 1stQ Earnings Did Not Meet Internal Targets
Apr 23 2002 // Aon Corporation has reported that first quarter 2002 dilutive earnings per share are expected to be in the range of $0.56-$0.59 per share (including a one-time pretax income item of $48 million or $0.11 per share). This...
China Sends Insurance Team to Korea to Arrange Air Crash Claims Payments
Apr 17 2002 // According to reports from China’s Xinhua News Agency, the Beijing Insurers Association has taken the lead in establishing a special team of investigators and dispatching them to South Korea to examine and expedite...
PIFC Claims Higher Costs and Disruption in Homeowners Costs if SB 1763 Passes
Apr 17 2002 // Diane Colborn, vice president of the Personal Insurance Federation of California (PIFC) remarked that SB 1763, a bill authored by Senator Deborah Ortiz requiring all property and liability insurance policies to cover mold...
