Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
GEICO Names New Southeast Claims VP
Aug 10 2010 // GEICO recently named Carl Tims, CPCU, of Lakeland, Fla., assistant vice president in charge of claims for the Southeast regional operations office in Macon, Ga. Tims began his career with GEICO in 1992 as a service...
BP Deposits Initial $3 Billion in $20 Billion Gulf Claims Trust
Aug 9 2010 // BP reports it has established a trust and made a $3 billion initial deposit of the previously-announced $20 billion escrow account to pay claims arising from the Deepwater Horizon oil disaster in the Gulf of...
AIG Posts Q2 Loss; Chartis Insurance Stable Despite Flood, Oil Spill Claims
Aug 6 2010 // American International Group Inc. reported a $2.7 billion quarterly loss compared to a net profit of $1.8 billion for the same quarter a year earlier. The second quarter 2010 loss was primarily due to a $3.3 billion...
European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy
Aug 5 2010 // Major European insurance groups weathered a slew of damage claims for storms and the collapse of the Deepwater Horizon oil rig to post stronger-than-expected half-year earnings on Wednesday. But prospects for the rest of...
Almost 1 Medical Malpractice Claim Filed for Every Physician, Reports AMA
Aug 5 2010 // A study from the American Medical Association (AMA) reports that an average of 95 medical liability claims are filed for every 100 physicians, almost one per physician. The AMA says its report has data not available...
Utilities Market Still Softening Despite ‘Mega’ Claims: Willis
Aug 4 2010 // Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market, according to the latest Power Market Review from...
Japan Tanker: Al Qaeda Claims Responsibility; Insurers Monitor Events
Aug 4 2010 // A militant group linked to al Qaeda said on Wednesday that a suicide bomber was responsible for a mysterious explosion on a Japanese-owned oil tanker a week ago near the Strait of Hormuz. But analysts are sceptical about...
How Claims Service Cultivates Insurance for Trees, Landscapes
Aug 4 2010 // A seed that was planted when one of the owners discovered that a medium-sized tree on his property would cost as much as $10,000 to replace, and that there was not sufficient insurance for it, has blossomed into a national...
BP Speeds Up Claim Payments to Businesses Affected by Gulf Oil
Aug 4 2010 // BP says it has begun expediting claim payments to businesses affected by the oil disaster in the Gulf of Mexico, including establishing an Immediate Action Claims Team. According to a press update issued yesterday, the...
Insurers Report Rise in Questionable Claims Led By Hail, Auto Glass
Aug 2 2010 // Property/casualty insurance companies are reporting that the number of claims requiring more scrutiny than normal rose again in the first half of this year compared to 2009. The National Insurance Crime Bureau’s...
United Heartland Names Walsh VP of Claims and Managed Care
Aug 2 2010 // United Heartland, based in New Berlin, Wis., has appointed Patrick Walsh as vice president of Claims and Managed Care. Walsh has joined United Heartland’s executive team and is responsible for setting the strategic...
Army Corps Claims Actions Reduced Tennessee Flooding in May
Aug 2 2010 // The U.S. Army Corps of Engineers has concluded its actions during the May floods reduced the Cumberland River’s flood crest in Nashville by 5 feet, but the agency suffered numerous communications problems during the...
BP Claims Not Limited By $20 Billion Fund
Aug 2 2010 // The $20 billion fund set up to help compensate victims of giant BP’s Gulf of Mexico disaster does not prevent future lawsuits against the company that exceed that amount, according to the fund’s...
BP: Claims Payments Top $256 Million
Jul 29 2010 // BP said it estimates it will pay at least $60 million in advance payments in August to claimants across the Gulf Coast who have lost income or net profit due to the oil disaster in the Gulf of Mexico. BP, which says it has...
Two Accused of Faking $1 Million in Aflac Claims in Georgia
Jul 27 2010 // Two people have been indicted on charges they stole nearly $1 million from insurer Aflac Inc. by filing false insurance claims from 2007 to 2009. The Columbus Ledger-Enquirer reports that federal prosecutors are accusing...
BP Claims Fund On Alert for Phonies While Cutting Red Tape
Jul 27 2010 // Swindlers, scammers and even a few strippers are flocking to the Gulf Coast in search of a piece of the $20 billion BP Plc has set aside to compensate residents for spill-related losses. Adjusters passing out emergency...
United Fire & Casualty P/C Unit Sees Decline in Premiums, Claims
Jul 27 2010 // United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, reported that net premiums written in its property/casualty sector declined in the three-month and six-month periods ended June 30, 2010, as compared...
Mine Safety Officials Rebut Massey On Ventilation Claims
Jul 26 2010 // Mine safety officials are painting a portrait of ineptitude and confusion by officials at Massey Energy Co. in the months before an explosion at the company’s West Virginia mine killed 29 men. The depiction —...
Claims Fund Chief Says BP Stalling on Payments to Oil Disaster Victims
Jul 26 2010 // British energy giant BP Plc is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said Saturday. “I have a concern that BP is...
Alabama Beach Furniture Stores, Designers Among BP Oil Victims
Jul 26 2010 // In 2006, Worldwide Interiors, a Canal Road furniture importer, had a banner year with sales of $520,000, including $90,000 that June. Last year, amid south Baldwin County’s deflated real estate market, sales dipped...
