Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Florida Insurers, Businesses Take Aim at PIP Fraud
Feb 24 2011 // Insurance companies are taking to the Internet to combat auto insurance fraud in Florida. The Property Casualty Insurers Association of American has launched www.InsuranceFraudUncovered.com, a Web site designed to...
Insurers Report 24% Rise in Suspicious Claims Since 2008
Feb 23 2011 // There has been a 24 percent rise in what insurance companies consider suspicious claims since 2008. In 2008, a total of 74,146 so-called questionable claims, or QCs, were referred to the National Insurance Crime Bureau...
Texas Windstorm Insurance Litigation Costs Too High, Lawmaker Says
Feb 22 2011 // The amount the Texas Windstorm Insurance Association (TWIA) has paid out in litigation costs as a result of lawsuits stemming from Hurricane Ike claims is far too high, says one Texas lawmaker who’s working on...
BP Oil Spill Claims Fund Alters Some Payment Rules
Feb 22 2011 // The administrator of BP’s $20 billion Gulf oil spill fund announced new rules on how final payments will be determined in the highly criticized claims process, but the central payment formula remained unchanged from...
Advising Clients on How to Minimize Medical Liens in Workers’ Compensation
Feb 21 2011 // Close early and close quickly. For brokers advising their clients on how to control their workers’ compensation costs, this axiom is a prime directive. There are a host of reasons why this does not always happen. As...
BP Claims Fund Placed Under Judicial Oversight
Feb 21 2011 // Kenneth Feinberg, the formerly freewheeling administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come...
BP Claims Fund Placed Under Judicial Oversight
Feb 21 2011 // Kenneth Feinberg, the administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come under the...
State Farm Florida Cites Sinkhole Claims in Rate Hike Bid
Feb 18 2011 // Citing sinkhole losses and higher operating expenses, State Farm Florida asked state regulators this week for a 28 percent premium increase on its homeowners policies. Sinkhole claims, which are approaching $2 billion over...
Suit Claims BP Official Quit Over Safety Issues Before Gulf Disaster
Feb 16 2011 // A former official with BP’s drilling operations in the Gulf of Mexico resigned just months before last year’s oil spill because of disagreements with the oil giant over its commitment to safety, according to a...
Florida CFO Atwater Seeks Claimants’ Feedback on BP Oil Claims
Feb 11 2011 // Florida Chief Financial Officer Jeff Atwater is asking the state’s business community and BP oil spill claimants for their input regarding the claims handling process of the Gulf Coast Claims Facility. Specifically,...
Allstate Profit Falls as Auto, Catastrophe Claims Rise
Feb 10 2011 // Allstate Insurance net income fell 43 percent in the fourth quarter as rising claims from auto insurance customers and catastrophes took their toll. Allstate’s fourth quarter 2010 net profit was $296 million compared...
Judicial Oversight Could Mean Changes for BP Claim Fund
Feb 10 2011 // Kenneth Feinberg, the formerly freewheeling administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come...
Report: Calif. Health Insurers Deny 26% of All Claims
Feb 10 2011 // California’s largest, private health insurers rejected 26 percent of all claims –13.1 million — submitted for the first three quarters of 2010, according to new findings by the Institute of Health and...
Investigation Solutions Saves Client $50,000 on Fraudulent Workers’ Compensation Claim
Feb 10 2011 // San Diego, CA, 02/10/11 – Investigation Solutions, Inc., the subsidiary of American Claims Management, Inc. (ACM) that handles fraud and special investigations, announced its first fraud arrest for 2011. A suspicious...
Florida Senate Committee Postpones Vote on Property Legislation
Feb 8 2011 // For the second straight week, the Florida Banking and Insurance Committee failed to reach a final vote on its comprehensive property insurance bill. The delay comes as committee members remain bogged down over how to...
Connecticut Collected $6M in Recovered Claims and Fines Last Year
Feb 7 2011 // Connecticut regulators say they recovered approximately $3.4 million last year for consumers who complained that their insurers mishandled their claims – and then handed out another $2.35 million in fines against...
Growing Waistlines Costing Economy in Large Proportions
Feb 7 2011 // Measurements of the cost of obesity to the U.S. economy, as well as the workers’ compensation system are growing, becoming an “epidemic,” according to recent research. The studies show that the total...
Chinese Drywall: Cracks in Coverage Claims?
Feb 7 2011 // Although not in the national news as much lately, Chinese drywall continues to disrupt the lives and finances of thousands of homeowners and other users of the product. In the courts, homeowners are fighting to obtain...
Issues to Consider When Placing Professional Liability
Feb 7 2011 // When placing coverage for your clients, with a fair degree of frequency your agency will need to look at placing professional liability — a/k/a errors and omissions — coverage for those risks. Typically, when thinking...
