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