Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
NAII Suggests Claims Handling Strategies for Damages Connected to Terrorism Attacks
Oct 11 2001 // The National Association of Independent Insurers (NAII) outlined five specific recommendations to help victims and insurers expedite the claims process and streamline the financial recovery from terrorist attacks and other...
NYSID Sets Up Fraud Force To Prevent Bogus WTC Claims
Oct 8 2001 // The New York State Insurance Department has established a “comprehensive insurance fraud-fighting plan specifically designed to combat any incidents of insurance fraud resulting from the World Trade Center...
Amarillo’s Corporate Systems Set to HandleWTC Claims
Oct 8 2001 // Claims processing and loss information management company Corporate Systems Inc. is gearing up its Amarillo call center to handle thousands of insurance claims stemming from the attacks on the World Trade Center on Sept....
New Focus on Business Interruptions Coverage
Oct 8 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...
Communication, Documentation Keys to Efficient Processing of Damage Claims
Oct 4 2001 // Clear and frequent communication with your insurance agent or company claims representative and thorough documentation of lost income and additional operating expenses are two important factors for businesses owners to...
Phoenix Sets Loss Figures, Confirms Claims Procedures
Sep 26 2001 // The Phoenix Companies of Hartford confirmed that the Group expected losses from the September 11 attacks of around $5 million net of reinsurance, and detailed a number of expedited procedures to help customers affected by...
Process Claims, Explorer Insurance Co. Renew Partnership
Sep 26 2001 // California-based ProcessClaims, the first claims solutions provider to facilitate open architecture claims processing via the Internet, announced that Explorer Insurance Company renewed its partnership agreement with...
Insurance Leaders Meet with President Bush to Discuss State of Industry
Sep 25 2001 // In a recent White House meeting, Independent Insurance Agents of America (IIAA) CEO Robert A. Rusbuldt and other industry leaders reassured President Bush that insurance agents and companies are well-positioned to handle...
Cost of Business Interruption Claims from Terrorist Attacks May Take Months to Determine September
Sep 24 2001 // The large number of businesses affected by the terrorist attacks combined with the length of time it will take to repair the damages means that it may take several months before an accurate estimate on business...
South Dakota Supreme Court Rejects Third-Party Bad Faith Lawsuits
Sep 24 2001 // The insurance industry applauded the South Dakota Supreme Court for its recent review and rejection of a third-party bad faith lawsuit against an insurance company. “This is a major victory for insurers and their...
Aon Provides Update to Clients and Stockholders
Sep 19 2001 // Aon Corp. recently issued the following statement to its clients and stockholders from Chairman and CEO Patrick G. Ryan: “The shocking events of last Tuesday have had a dramatic impact on the world. Our primary focus...
ING Sees $46 Million in Life Claims from U.S. Disasters
Sep 19 2001 // Holland’s ING Group confirmed its preliminary estimations, following the disasters at the World Trade Center and the Pentagon, that its primary loss exposures would come from life insurance and reinsurance. CEO Ewald...
Kansas Commissioner Discusses Tragedy
Sep 18 2001 // Kansas Insurance Commissioner and National Association of Insurance Commissioners (NAIC) President Kathleen Sebelius discussed the effects of last week’s tragedies on the East Coast and how they could impact the...
Insurers Will Do ‘Everything Within Their Power’ to Ease Claims Process in WTC Disaster September 1
Sep 18 2001 // The insurance industry will do everything it can to comply with the New York Insurance Department’s advice to insurance adjusters and underwriters to exercise care and “responsible judgment” in judging...
Texas Insurers Estimate 60 Percent Increase in Water and Mold Claims
Sep 17 2001 // New estimates from the insurance industry predict insurer losses from water and mold damage claims will reach $780 million in Texas this year. The figure represents a 60 percent increase over claims from a year...
Perils and Pitfalls of Claims-Made Policies
Sep 17 2001 // While general liability policies protect business owners from the common risks of premises and operations exposures, professional liability is typically not covered under a general liability policy. Instead, professional...
Claims Payments Assured, Despite Huge Losses
Sep 14 2001 // As messages of sympathy continued to pour in from around the world, the global insurance industry began facing up to the daunting task of paying claims on what most observers believe will be the largest insured loss ever...
NAII Releases Follow-Up on Insurance Ramifications of Attack
Sep 13 2001 // As rescue efforts continue in lower Manhattan, Washington, D.C., and Pennsylvania, catastrophe teams from property/casualty insurance companies are poised to enter the damaged areas to begin assessing the damage and paying...
