Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
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...
