Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Outrage in U.K. Over Claims Direct Share Sale
Sep 3 2001 // By applying the old merchants’ rule, “buy it for a nickel, sell it for a dime,” a bit too opportunistically, Colin Poole and Anthony Sullman, the original founders of the U.K.’s Claims Direct, have...
Fear of the Unknown: The Mold Issue Raises More Questions Than Answers, Part I
Aug 27 2001 // Editor’s Note: This is the first of a two-part series dealing with the rising issue of toxic mold claims. These days, an Internet news search on the word “mold” will bring up numerous articles testifying...
Asbestos Claims: ‘The Shroud’ Over the Industry
Aug 27 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
Jaw-Dropping Claims Help Bust Alleged Scam
Aug 27 2001 // An eight-month joint investigation conducted by investigators from the CDI Criminal Investigations Branch’s Fraud Division, the California Highway Patrol and the National Insurance Crime Bureau (NICB) resulted in the...
Claimline Investor in Talks To Acquire Claims Direct Stake
Aug 21 2001 // Less than a week after they reacquired control of the troubled U.K. personal injury settlement service, Claims Direct, co-founders Tony Sullman and Colin Poole have confirmed that they are discussing a possible sale of...
Asbestos Claims Still Pulling Companies Into Bankruptcy
Aug 20 2001 // In the last 18 months, rapidly escalating asbestos claims have caused several Fortune 500 companies to seek bankruptcy protection including Owens Corning (October 2000), Babcock & Wilcox (February 2000), Armstrong...
Asbestos Claims: ‘The Shroud Over the Industry’
Aug 20 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
Workers’ Compensation Lawsuit Given Class Action Status
Aug 20 2001 // Houston-based U.S. District Judge David Hittner issued a ruling Aug. 8 conferring class action status on a lawsuit involving claims of overcharging for workers’ compensation coverage by Reliance National Indemnity...
21ST Century Reports Net Loss in 2Q Results
Aug 17 2001 // 21st Century Holding Company, a vertically integrated financial service holding company, reported a net loss of $1,489,671 or $.47 per average common share for its second quarter ended June 30, 2001, compared to net income...
N.Y. to Require Speedier Processing of Injury Claims After Auto Accidents
Aug 13 2001 // The New York Insurance Department is taking a major step to help reduce insurance fraud by adopting a regulation requiring speedier processing of injury claims after an auto accident, according to the NAII. According to...
INSURERS PAYING POT CLAIMS
Aug 13 2001 // According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose backyard pot plants were stolen by thieves or confiscated by police. The payouts are not based on the...
Media Liability Claims: Tricky, Expensive and Evolving
Aug 13 2001 // Oprah Winfrey may be the queen of talk show TV and the ruler of her own media/entertainment universe, but that didn’t keep her from being dragged into court, accused of libeling the beef industry in one of the most...
Eagle International Schedules Claims Handling Conferences in London, Paris
Aug 9 2001 // Eagle International Associates, an international network of insurance defense attorneys and claims adjusters throughout North America and Europe, has announced that it will be offering two unique conferences on the subject...
Insurers To Be Reimbursed for Cerro Grande Fire Claims
Aug 9 2001 // The federal government is working to reimburse insurance companies for all claims they paid to their customers for damage caused by the Cerro Grande fires in New Mexico last year. Payments are expected to begin in January...
Agents and Coverage Opinions
Aug 6 2001 // Insurance intermediaries—agents, brokers, and the like—do all sorts of things for their customers and clients. They help them select coverages. They help select insurers. They shop for price. They prepare applications....
Media Liability Claims: Tricky, Expensive and Evolving
Aug 6 2001 // Oprah Winfrey may be the queen of talk show TV and the ruler of her own media/entertainment universe, but that didn’t keep her from being dragged into court, accused of libeling the beef industry in one of the most...
S&P Says Asbestos Claims Affect Insurance Negatively But Not Terminally
Aug 3 2001 // The latest financial strain on insurers that cover liability settlements for employers of asbestos workers will negatively, but not terminally affect the insurance industry’s finances, a new Standard &...
Insurers Paying Claims for Losses of Medical Marijuana
Aug 1 2001 // According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose backyard pot plants were stolen by thieves or confiscated by police. The payouts are not based on the...
FARMERS ADJUSTERS GET OVERTIME
Jul 30 2001 // An Oakland, Calif., jury awarded a record-setting claim for overtime to a group of Farmers Insurance Adjusters participating in a class action suit. More than 2,000 adjusters working for Farmers Insurance Exchange will...
Reliance Insurance 1817-2001 – R.I.P’
Jul 23 2001 // Reliance Group Holdings (RGH), the parent company of Reliance Insurance Company (RIC), one of America’s oldest insurers which traces its roots back to 1817, filed for bankruptcy protection in the Southern District of...
