Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
Fraud Fighters Tackle Individuals Looking to Exploit Disaster
Sep 2 2002 // Among those combating this problem has been the New York Department of Insurance. New York Insurance Commissioner Gregory Serio said his department has actively coordinated with other law enforcement agencies to...
WTC Claims Dispute, $7.1 Billion at Stake
Sep 2 2002 // Despite recent court ordered settlement procedures, the legal dispute pitting Swiss Re and 21 other insurance companies against Silverstein Properties, the master leaseholder on the twin towers of the World Trade Center,...
Fraud Fighters Tackle Individuals Looking to Exploit Disaster
Sep 2 2002 // The events of Sept. 11, 2002 are no doubt unique, but as with all disaster, there are some that are likely to take advantage of the situation. Needless to say, insurance fraud has reared its ugly head over the last year as...
WTC Claims Dispute, $7.1 Billion at Stake
Sep 2 2002 // Despite recent court ordered settlement procedures, the legal dispute pitting Swiss Re and 21 other insurance companies against Silverstein Properties, the master leaseholder on the twin towers of the World Trade Center,...
ADP Claims Services Announces Shoplink Version 6.3
Aug 30 2002 // ADP Claims Services Group announced the general availability of Shoplink v6.3(TM). The new version combines ADP’s unparalleled database with integrated imaging, decision support and improved graphics, giving users...
eAutoclaims, Cybersettle Form Alliance for Settling Claims
Aug 23 2002 // Florida-based eAutoclaims, Inc., a company that provides the insurance industry with online claims management solutions through both an Application Service Provider (ASP) and outsourcing solutions services; and...
Insurers Have Limited Exposure to East Europe Flood Claims
Aug 20 2002 // A number of European insurers and reinsurers have indicated that despite the widespread damages caused by the ongoing floods in Germany and Eastern Europe, their exposure to claims is limited. With analysts now increasing...
Partner Re Reports Claims from European Flooding Could Approach $100M
Aug 19 2002 // Bermuda-based PartnerRe Ltd. reports that claims from its exposures to flooding currently impacting Europe are expected to approximate $100 million. Over the past week, heavy rainfall has flooded much of eastern and...
