Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Silverstein Sues ACE, XL to Keep WTC Claims
Nov 6 2001 // Silverstein Properties, the master lease holder on the World Trade Center, has filed suit in Federal District Court against Bermuda-based ACE Ltd. and XL Capital in an effort to prevent their plans to begin arbitration...
Property Claims from WTC at $16.6 Billion and Rising
Nov 6 2001 // Property insurance claims from the Sept. 11 attacks are worth $16.6 billion and rising, according to the first estimate from the main U.S. claims tallying service. According to a Reuters report, that would make the...
Industry Pays First $10 Billion of Future Terror Claims in Latest Fed Plan
Nov 5 2001 // The Bush administration and Congressional leaders hammered out a new version of a plan to provide reinsurance assistance to the U.S. insurance industry in the wake of the September 11th terrorist attacks, although...
Are Your Files Defensible’
Nov 5 2001 // A short time ago the Wall Street Journal ran an article on litigation, the caption of which read: “When all else fails, the American way is to file a lawsuit.” The article correctly pointed out that it has...
Commentary: Purchasing Insurance for Mexico
Nov 5 2001 // Tourists, property owners and businesspersons who drive, own homes, or operate businesses or subsidiaries in Mexico need to properly protect their assets south of the border. It is ironic that most agents place insurance...
Employers Realize Proper EPL Coverage is Part of Successful Business Equation
Nov 5 2001 // Employers and employees have more to think about than production, hours and paychecks these days. The Employment Practices Liability scene continues to draw major attention both in and outside of the courtrooms. Carrie...
D&O Liability Insurance: A Complicated Risk
Nov 5 2001 // Directors and Officers liability, commonly known as D&O, is a complicated type of risk. While it covers corporate activities, a corporation is a legal person, as are the directors and officers...
NAII’S Golden Featured Speaker at Indoor Air Quality Conference on Mold
Oct 30 2001 // Removing the hype from the issue of mold and indoor air quality is like removing a source of moisture from mold spores. Without the hysteria surrounding this issue, the financial incentives that feed unscrupulous...
Ohio Insurance Dept. Appeals Court Ruling on Failed Companies
Oct 29 2001 // Ohio Department of Insurance (ODI) filed an appeal with the Ohio Supreme Court requesting a hearing on the department’s appeal of the Tenth District Ohio Court of Appeals’ ruling on the distribution of assets...
Time-Tested Lloyd’s Turns to Address U.S. Disaster Losses
Oct 29 2001 // Lloyd’s of London, the world’s oldest and most visible insurer, has set about dealing with the aftermath of the terrorist attacks of Sept. 11. Two weeks after the event, it released its projected net loss...
Christie, Pabarue Insurance Attorney: Insurers Should Beware When Paying Sept. 11 Claims October 23
Oct 23 2001 // In the aftermath of Sept. 11, many insurance companies made announcements that they would forego consideration of their policies’ “war risk” exclusion to World Trade Center-related claims. The insurers...
RSA To Offer Safe Drivers Lifetime No-Claims Bonus
Oct 22 2001 // Royal & Sun Alliance’s “More Than” Unit became the first U.K. insurer to offer safe drivers a plan to keep their no-claims bonus for life. Under the terms of the plan announced Friday existing...
NAII Suggests Changes to Texas Mold Proposal for HO Policies
Oct 22 2001 // In conjunction with the fourth and final hearing held by the Texas Department of Insurance (TDI) on issues surrounding the surge of mold claims in the state, the National Association of Independent Insurers (NAII)...
Taking Advantage of Tragedy: Some Individuals Turn to Fraud
Oct 22 2001 // The amount of pain and suffering that people have to deal with in the normal course is already there, then it’s compounded when people show their worst side at times like this,” said John Eager, senior director...
External Review of Medical Claims by P/C Insurers Could Raise Premiums
Oct 16 2001 // Requiring property/casualty insurers to have medical treatment claims reviewed by third party examiners is unnecessary, counterproductive and could raise the cost of insurance for Iowa consumers, according to the...
Insurers Pay to Rebuild NY Amidst More Fraud Warnings
Oct 15 2001 // While State and Federal Funds will be called upon to help rebuild lower Manhattan after September’s terrorist attacks, the insurance industry is already at work to help thousands of businesses and individuals begin...
Penn Insurer Settles Discrimination Claims
Oct 15 2001 // Phildelphia-United Life Insurance Co. of Bala Cynwyd has reached agreement with the Pennsylvania Insurance Dept. over claims of discrimination lodged by African-American policyholders and their families that the company...
New Focus On Business Interruptions Coverage
Oct 15 2001 // The destruction of the twin towers of New York’s World Trade Center and the sealing off of a large portion of lower Manhattan brought hundreds of business activities to a standstill, from the local newsstand to giant...
Taking Advantage of Tragedy: Some Individuals Turn to Fraud
Oct 15 2001 // The amount of pain and suffering that people have to deal with in the normal course is already there, then it’s compounded when people show their worst side at times like this,” said John Eager, senior director...
AIG Expects Claims to Rise from WTC
Oct 12 2001 // AIG, the world’s largest insurer by market value, is now expecting $800 million in claims from the World Trade Center before taxes and net of reinsurance, Chairman Maurice Greenberg said in a conference...
