Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Managers Offer To Buy Struggling Claims Direct
Jun 26 2001 // Claims Direct, Britain’s personal injury settlement service, which has suffered falling profits following a series of adverse articles in the country’s newspapers, could be sold to two of its top...
Reliance Insurance, 1817-2001…R.I.P.’
Jun 25 2001 // On June 12, 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...
Jury Sends Message to Insurance Industry in Toxic Mold Case
Jun 25 2001 // A recent jury decision should put up red flags for insurers: Take care of toxic mold claims adequately and promptly, or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a...
Flood Insurance Claims-Be the Calm After the Storm: Facts Every Agent and Consumer Needs to Know
Jun 25 2001 // After a community has experienced a flood, restoring homes and businesses can be a long and difficult process. While the cleanup process can seem overwhelming at best, a careful, orderly approach will help your insured...
Independent Investigation Heats Up as PwC Finds $87.8 Million in Unrecorded Claims
Jun 22 2001 // PricewaterhouseCoopers, the provisional liquidators appointed last Monday to sort out the financial mess at the U.K.’s Independent Insurance, have so far uncovered £62 million ($87.8 million) worth of insurance...
Royal & SunAlliance Catastrophe Center Strengthens Disaster Response Capabilities
Jun 20 2001 // With the official arrival of the 2001 hurricane season, Royal & SunAlliance is confident of its ability to respond to major disasters because of the successful track record of its Catastrophe Center, one of only a...
Tillinghast-Towers Perrin Estimates $200B Price Tag for U.S. Asbestos Claims
Jun 19 2001 // Settlements to individuals exposed to asbestos in the U.S. and related expenses will ultimately reach $200 billion, according to a study conducted by Tillinghast-Towers Perrin. Of this amount, Tillinghast estimates that...
Jury Sends Message to Insurance Industry in Toxic Mold Case
Jun 18 2001 // Travis County District Court jury to the insurance industry: take care of toxic mold claims adequately and promptly or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a...
Tillinghast-Towers Perrin Estimates Asbestos Claims at $200 Billion
Jun 13 2001 // Insurance consultants Tillinghast-Towers Perrin have released figures contained in a report which estimate that ultimately claims from asbestos will reach $200 billion. One of the most significant findings concluded that...
Oregon Supreme Court Quashes Exclusive Workers’ Comp Remedy
Jun 11 2001 // In the multi-decade card game that is the Oregon workers’ compensation system, the state Supreme Court trumped the Legislature (and employers) by issuing a unanimous decision that erodes the exclusive remedy...
Article 21.55: Reason Prevails
Jun 4 2001 // For a generation, or so, courts around the country have thought that contract law was insufficient to regulate the claims conduct of insurance companies. Consequently, the common law of insurer bad faith has been created....
eAutoclaims Pens Contract with Commerce West Insurance Co.
May 31 2001 // eAutoclaims has signed a long-term contract with Pleasanton, Calif.-based Commerce West Insurance Company where it will provide its “bricks to clicks” Internet Claims System as an online claims management...
Md. Governor Signs AIA’s Workers’ Comp Bill
May 24 2001 // The American Insurance Association (AIA) reported that legislation allowing undisputed workers’ compensation claims to be handled out-of-state was signed recently by Governor Parris Glendening (D). SB 592, which was...
Study Regards Software Solutions for Farmers Alliance Claims Processing Department
May 24 2001 // Farmers Alliance Mutual Insurance Company and AcroSoft Corporation have reached a definitive agreement that will allow AcroSoft to conduct a Business Needs Analysis (BNA) starting in the Claims Processing Department. The...
European Insurer Hit with Lawsuit Regarding Holocaust Claims
May 22 2001 // A lawsuit filed last week in Los Angeles Superior Court on behalf of an 89-year-old Holocaust-era survivor, Felicia Spirer Haberfeld of Los Angeles, alleges that the European insurer Assicurazioni Generali is sending...
A.M. Best Report: Asbestos Claims Surge Set to Dampen Earnings
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
Employers Ins. Co. of Nevada Selects HNC Software for Workers’ Comp Claims
May 21 2001 // A bill by Assemblyman Thomas M. Calderon (D-Montebello) that would prohibit insurance carriers from refusing to issue or renew an auto insurance policy based solely on an individual’s credit rating was approved by...
Study Says Insurers Can Reduce Claims Settlement Costs Up to 15%
May 10 2001 // Percent According to a recent report entitled “Unlocking the Value in Claims,” by Accenture, a provider of management and technology consulting services and solutions, innovative technology and workforce...
ProcessClaims Implemented by Professional Claims Services Inc.
May 10 2001 // Poway, Calif.-based ProcessClaims, a web-based claims solutions provider, announced successful implementation with Professional Claims Services Inc. (PCS) to use ProcessClaims’ Internet claims services. PCS is a...
Equitas To Toughen Line on Asbestos Claims
May 8 2001 // Equitas, the reinsurance vehicle set up by Lloyd’s to cover the potentially huge liabilities for environmental and asbestos claims, reacted to recent estimates of increasingly large losses from damages due to...
