Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
Divorce leads to insurance fraud arrest
Apr 15 2002 // Investigators from CDI’s Criminal Investigations Branch’s Fraud Division arrested 33 year-old Jamel Hassan Nichols for insur-ance fraud. The investigation began with two referrals from the California State...
2001: The Insurance Industry’s ‘Annus Horribilis’
Apr 15 2002 // In future years property/casualty insurers will no doubt look back on the year 2001 and shudder. Right now they’re too busy coping with the reality of the industry’s “annus horribilis,” to borrow...
Discrimination and Wrongful Termination
Apr 15 2002 // Although workers’ compensation coverage affords insurance for injuries and disease incurred in the employment relationship, it does not extend to other employment-related claims, such as claims of discrimination or...
AAA of Southern Calif. Licenses ISO Claims Outcome Advisor
Apr 12 2002 // The Automobile Club of Southern California has licensed Claims Outcome Advisor ™ (COATM), an injury claims-management solution from ISO Claims Services, Inc., a subsidiary of Insurance Services Office, Inc. (ISO), to...
Calif. Workers’ Compensation Medical Payments on the Rise
Apr 3 2002 // The average medical payment per workers’ compensation claim in California has been increasing significantly in recent years mainly as a result of more visits to non-hospital providers and rising hospital costs,...
Liberty Mutual Licenses ISO Claims Outcome Advisor™
Mar 29 2002 // Liberty Mutual has licensed ISO Claims Outcome AdvisorTM COA ™, a bodily injury claims management tool, from Insurance Services Office, Inc. (ISO) to help the company manage its personal auto bodily injury claims. COA is...
Minn. Gov. Signs Bill Banning Managed Care Services in No Fault Auto Claims
Mar 29 2002 // Minnesotans may need to brace themselves for a sharp rise in auto insurance premiums as a result of legislation recently signed by Gov. Jesse Ventura that severely restricts insurers ability to contain medical costs...
U.K.’s Claims Direct Reports Loss
Mar 28 2002 // Claims Direct, the U.K. company which provides insurance settlement services, reported that it expects a loss of £22 million ($31.3 million) for its fiscal year ending March 31. The company, which had a great deal of...
