Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Study Reveals Rising Impact of Asbestos Claims on Insurers
May 8 2001 // According to study released by A.M. Best, property/casualty insurers may end up paying an additional $43.4 billion in asbestos claims over the next 20 years. Added to the $21.6 billion already paid for such claims, that...
NY LIFE SETTLES ARMENIAN CLAIMS
Apr 23 2001 // New York Life Insurance Company reached an agreement with plaintiff’s attorneys under which the company will pay all valid claims relating to policies purchased in the Ottoman Empire before 1915. Pending final court...
IRC Reports Increase in Losses in NY No-Fault Auto Claims
Apr 21 2001 // According to a new study by the Insurance Research Council (IRC), a division of the American Institute for CPCU and the Insurance Institute of America, losses in Personal Injury Protection (PIP) claims rose by 79 percent...
Damage Claims Reach 38,000 After Missouri Hailstorm
Apr 20 2001 // Due to the last week’s hailstorm, the five largest auto-insurance companies in Missouri have received more than 38,000 claims of storm damage to cars in the St. Louis area alone. According to the St. Louis...
New York Life Settles Armenian Claims
Apr 13 2001 // New York Life Insurance Company has agreed in principle with plaintiff’s attorneys wherein the company has agreed to pay all valid claims in relation to Armenian policies written by the company in the Ottoman Empire...
NEW WARNING FROM CLAIMS DIRECT
Apr 9 2001 // Claims Direct, the U.K. company that handles accident victims compensation claims online, issued a new profit warning on March 28, estimating that it would have pretax losses of $28.65 million. The company is still...
Insurers Pay Millions for Wisconsin Ice Damage
Apr 2 2001 // American Family Insurance has paid $21.5 million in ice dam-related homeowner claims this spring, mostly around Milwaukee and Madison, a company official told the Milwaukee Journal Sentinel. That amount represents 15,500...
Artificial Intelligence Technology Transforms Software Solutions
Apr 2 2001 // For many people not directly involved in the development of software for the insurance industry, any discussion of new technology can rapidly swell into a serious information overload. Compounding this problem is the...
Maryland House Passes Workers’ Comp Bill
Mar 29 2001 // Legislation allowing undisputed workers’ comp claims to be handled out of state was passed earlier this week by the Maryland House of Delegates. HB 1223, which would abolish an outdated rule requiring workers’...
New Warning From Claims Direct
Mar 29 2001 // Claims Direct, the U.K. company that handles accident victims compensation claims on-line, issued a new profit warning on Wednesday, estimating that it would have pretax losses of £20 million ($28.65 million). The company...
QUAKE CLAIMS NOT EARTH-SHAKING
Mar 26 2001 // U.S. insurers are likely to pay out less than previously expected in claims caused by the earthquake that rattled Seattle on Feb. 28, according to preliminary estimates published March 16 by Insurance Services Office Inc....
Struggle Continues Over Payment of Holocause Claims
Mar 26 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
Artificial Intelligence Technology Transforms Software Solutions
Mar 26 2001 // For many people not directly involved in the development of software for the insurance industry, any discussion of new technology can rapidly swell into a serious information overload. Compounding this problem is the...
Claims from Seattle Quake Estimated at $330 Million
Mar 19 2001 // U.S. insurers are likely to pay out less than previously expected in claims caused by the earthquake that rattled Seattle on Feb. 28, according to preliminary estimates published March 16 by Insurance Services Office...
ISO Estimates $330 Million in Claims Payments for Northwest Earthquake
Mar 16 2001 // Property/casualty insurers will pay $330 million to homeowners and businesses for insured property damage from the earthquake that struck Seattle and nearby areas of Washington and Oregon, according to preliminary...
Paying for Holocaust Insurance Claims
Mar 5 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
Former New Mexico Insurance Superintendent Claims Wrongful Termination
Feb 23 2001 // Former New Mexico Insurance Superintendent Don Letherer is suing several current and former state regulatory officials for wrongful termination according to a Business Insurance report. Letherer charges that the officials...
Two Tree Hill Launches Website for Claims Professionals
Feb 12 2001 // Ventura, Calif.-based Two Tree Hill Inc. has launched a new website, www.ClaimRep.com , for attorneys, risk managers, claims adjusters, and any other insurance professional involved in claims resolution. ClaimRep.com...
Investigation Closed on Allstate’s Handling of Northridge Quake Claims
Feb 9 2001 // The Allstate Insurance Company has been advised by the Los Angeles United States Attorney’s office that the investigation initiated into Allstate’s handling of claims arising from the 1994 Northridge earthquake...
Conn. Court Rules for Travelers
Jan 30 2001 // The Connecticut Supreme Court ruled in favor of Travelers Casualty and Surety Co. and other insurers Monday, the Associated Press reports, concluding their policies did not obligate them to help pay thousands of...
