Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Theclaimscene.com Geared to Expedite Settlement Process
Sep 6 2000 // Rochester, N.Y.-based XX-Scene Genesis, Inc. has launched a new eService created specifically for property and casualty insurance claims adjusters and independent agents working in the field. The new website,...
When Agents Go Bankrupt
Sep 4 2000 // Commissions structures can pose serious problems for agents going through bankruptcy. Protect yourself before you need protection. I admit it. I have a bearish streak. When I was a boy, I firmly believed that everything...
Reliance Staves Off Bankruptcy; Troubles Remain
Sep 4 2000 // Reliance Group Holdings Inc. was grant- ed more time from creditors late last month to deal with repaying $237.5 million in bank debt. The troubled insurer said bankers extended the due date to Nov. 10 from Aug. 31. No...
Aon Will Provide Claims Administration Services for Reliance
Aug 30 2000 // Aon Corp. has entered into an agreement with Reliance Group Holdings to provide claims management services for the majority of Reliance’s outstanding insurance policies. Under the terms of the agreement, Aon and its...
Calif. Bill Extends Quake Claims; Heads to Governor’s Desk
Aug 28 2000 // A bill that could give thousands of Northridge earthquake victims another chance to file damage claims is on its way to Calif. Gov. Gray Davis. The bill, approved 21-7 Friday by the state’s Senate, was prompted by...
Quake Claims Bill Continues to Shake Up Industry Groups
Aug 23 2000 // On Monday, the California Assembly passed SB 1899, a bill that lifts for one year the expired statute of limitations on damage claims from the 1994 Northridge Earthquake. Both the National Association of Independent...
Unfair Claims Practices Uncovered
Aug 21 2000 // DCBS fined Minnesota-based Fortis Benefits Insurance Co. $20,000 for several violations of Oregon laws and administrative rules. The fine was assessed against the company for its handling of separate claims for long-term...
Air France Insurers Handling Concorde Claims
Aug 18 2000 // Air France representatives repeated the company’s promise to fully indemnify all the families of the victims of the Concorde which crashed on takeoff July 26th killing all 109 people on board and 4 on the...
AIS Terminates American Re Purchase of UNG; Holocaust Claims Delay Cited
Aug 14 2000 // American Insurance Services (AIS), the parent company of United National Group (UNG), formally advised its would be purchaser American Re that it was canceling the agreement made a year ago for the sale of its shares. AIS...
Ace Global Markets, Hammond Suddards & Edge Launch Claims Service
Aug 8 2000 // ACE Global Markets, a subsidiary of ACE Ltd. and one of the largest providers of insurance capacity at Lloyd’s, and Hammond Suddards & Edge, the UK’s seventh largest commercial law firm, have launched a...
Brooklyn Underwriter Arrested for Submitting Fraudulent Claims
Jul 27 2000 // New York Superintendent of Insurance Neil D. Levin said that Camille Sautner, 26, was arrested on various charges for defrauding Chubb Insurance Company out of $45,000. The arrest is the result of a joint investigation...
Boeckh Hires New Claims Markets Senior Director
Jul 25 2000 // Leonard Richileau has been hired as senior director of claims markets for Boeckh, a Wisconsin-based provider of building cost information and estimating systems to the property/casualty insurance and related...
Insurers Fight Hollywood Claims Over “Gap Financing” for Movies
Jul 24 2000 // As most people with experience in the movie industry could tell you, it’s an easy way to lose a lot of money. That may happen to several insurance companies, notably France’s AXA, if they lose the lawsuits that...
Working Hard, Hardly Working
Jul 24 2000 // William Elmer Carson of Fresno was recently arrested on insurance fraud charges. CDI fraud investigators discovered that the 54-year-old man had exaggerated his medical condition to his treating physician and...
Equitas Pays $3.23 Billion in First Quarter Claims
Jul 21 2000 // British reinsurer and run-off vehicle Equitas said today it paid claims totaling $3.23 billion in the first quarter of 2000, a decrease of $100,000 for the same period last year. Equitas was established in 1996 as part of...
Senn Orders Investigation of Improper Denial of Auto Injury Claims
Jul 19 2000 // Washington Insurance Commissioner Deborah Senn has ordered her staff to investigate national allegations that auto insurers rely on “medical reviews” performed by laypersons to deny insurance benefits to...
State Farm Adjusts Ohio Homeowners Rates; Estimates $7 Million in Storm Claims
Jul 18 2000 // State Farm Fire and Casualty Company has increased its statewide average rate increase by 1 percent for Ohio homeowners insurance policyholders, including renters and condominium unit owners. The new rates were implemented...
New Format Increases Fraud Detection Abilities
Jul 12 2000 // The ability of insurance companies to detect fraudulent claims by cross-checking them in “all-claims” databases will become keener as insurers adopt new methods of reporting and coding claims, according to the...
Insurers Fight Hollywood Claims Over ‘Gap Financing’ for Movies
Jul 10 2000 // As most people with experience in the movie industry could tell you, it’s an easy way to lose a lot of money. That may happen to several insurance companies, notably France’s AXA, if they lose the lawsuits that...
CLAIMS, LICENSING BILLS MOVE
Jul 10 2000 // The Senate Insurance Committee approved AB 393, the agent licensing bill, and AB 481, the claims bill, at a hearing on June 28. AB 393 would prohibit employees of insurance companies who do not have agent licenses from...
