Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Fake Stucco Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
Insurers Look to Wipe Clean Toxic Mold Claims
Jun 10 2002 // For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a...
$2.7 Billion PPG Asbestos Settlement Puts New Pressure on Insurers
Jun 10 2002 // A year ago insurance consultants Tillinghast-Towers Perrin published a report that global claims settlements and jury verdicts in asbestos related cases could reach $200 billion from over a million claims “before...
WTC Claims Dispute Gets Nasty (ier)
Jun 10 2002 // The legal dispute between Swiss Re and Silverstein Properties, over whether the destruction of the twin towers of the World Trade Center constituted one occurrence or two, has spilled over to involve the Willis group, the...
Fake Stucco, Real Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
Late Notice May Insure Responsibility for Pre-Tender Defense Costs
Jun 10 2002 // Texas requires automobile liability insurers and general liability insurers to include language in their policies establishing a “prejudice” requirement before late notice can be used as a defense. For...
HNC Decision Manager for Claims
Jun 10 2002 // HNC Software Inc., a New Orleans-based decision management software provider, has unveiled HNC Decision Manager for Claims, an automated claims management system for workers’ compensation carriers. Hindered by Sept....
AIA and NAII Oppose California’s SB 1763
Jun 10 2002 // California senators recently approved Senate Bill 1763, designed to restrict insurance companies from writing mold and liability restrictions into their policies. The bill, which was introduced by Senator Deborah Ortiz...
Calif. Insurers’ Homeowner Profits Drowning in Water Damage Claims
Jun 6 2002 // Rising household water damage claims have cost California insurers billions of dollars and are constricting the homeowners insurance market, according to a study done by the Insurance Information Network of California. The...
Non-adversarial Adjusters Advising Claimants Are Practicing Law, Court Rules
Jun 6 2002 // The Washington Supreme Court has ruled that an insurance claims adjuster who develops a non-adversarial relationship with a person filing a claim and advises that person on settling the claim is practicing law. An adjuster...
NAII Urging Iowa to Refrain from More Involvement in Hail-Damage Claims
Jun 3 2002 // The National Association of Independent Insurers (NAII) is urging the Iowa Division of Insurance to refrain from issuing new directives on claims involving hail damage to buildings and diminished value of vehicles damaged...
Mendoza Calls Holocaust Survivor Claims a
Jun 3 2002 // Gary Mendoza, Republican candidate for California Insurance Commissioner, announced his intention to make the resolution of the Holocaust survivor insurance claims a top priority of his administration, if elected in...
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...
