Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Florida Hurricane Fund Has $17 Billion in Cash for Claims
May 20 2010 // The Florida Hurricane Catastrophe Fund is as healthy as ever heading into the 2010 storm season. An advisory council to the fund reported Tuesday that it has enough cash and bonding ability to pay off more than $25 billion...
Insured Damage Estimates for 2009 Colorado Storm Season at $1.4 Billion
May 19 2010 // Final insurance damage estimates for Colorado’s 2009 summer storm season has been tallied at $1.4 billion, making it the most expensive in state history, according to the Rocky Mountain Insurance Information...
Florida, New York Tops in Insurance Claims from Staged Accidents
May 17 2010 // Suspicious insurance claims from staged accidents are on the rise – and nowhere more than in New York and Florida, two states with no-fault statutes. Overall, the number of questionable claims from staged accidents...
Florida #1 in Staged Accident Claims
May 17 2010 // Suspicious insurance claims from staged accidents are on the rise- and nowhere more than in New York and Florida, two states with no-fault statutes. Georgia and North Carolina are also among the top states. Overall, the...
Climate Change Litigation: Changes on the Horizon?
May 17 2010 // New and significant rulings have been issued in two of several lawsuits at the forefront of global warming/climate change litigation that are likely to set the future direction of such litigation. These cases...
Florida Lawmakers Pass Omnibus Property Insurance Bill
May 17 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...
Climate Change Litigation: Changes on the Horizon?
May 17 2010 // New and significant rulings have been issued in two of several lawsuits at the forefront of global warming/climate change litigation that are likely to set the future direction of such litigation. These cases...
E&O Insights: MGAs Carry a Heavy Errors and Omissions Load
May 17 2010 // Having met the management of many managing general agencies (MGA), and managing general underwriters (MGU), I have been somewhat surprised by their perspective on their errors and omissions (E&O) claim potential. Some...
Climate Change Litigation: Changes on the Horizon?
May 17 2010 // New and significant rulings have been issued in two of several lawsuits at the forefront of global warming/climate change litigation that are likely to set the future direction of such litigation. These cases...
Shrimpers, Boat Captains Line Up For BP Spill Claims
May 14 2010 // Ronald Polkey, a sun-weathered shrimp boat captain from the Louisiana resort and fishing hub of Grand Isle, La., should be out on the water working his nets to bring in a day’s catch. But with most of the...
Crawford Names Laytin VP of Western Region Claims Operations
May 14 2010 // Atlanta-based Crawford & Co., an independent provider of claims management solutions, has named Bentley R. Laytin vice president, western regional manager for U.S. Property & Casualty operations. Laytin has worked...
Florida Insurers Head Into Hurricane Season with Fingers Crossed
May 14 2010 // Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost...
Florida Eliminates Time Limit on Sex Abuse Claims
May 13 2010 // Florida’s governor has signed a bill eliminating all time limits for filing criminal or civil action alleging sexual abuse of children. Gov. Charlie Crist signed the bill (HB 525) on Tuesday. It lifts statutes of...
Florida Hurricane Funds Seeks $693 Million for Reopened 2005 Claims
May 12 2010 // The Florida Hurricane Catastrophe Fund is to begin selling $693 million in tax-exempt bonds to help repay insurers for new and reopened claims from 2005 storms. The bonds are secured in part by emergency assessments levied...
Network Physician Use Increases in California Workers’ Comp Claims
May 11 2010 // Tthe percentage of medical services to injured workers delivered by network physicians jumped sharply immediately after Medical Provider Networks (MPNs) were introduced into the workers’ compensation system in 2005,...
Florida, New York Tops in Insurance Claims from Staged Accidents
May 10 2010 // Suspicious insurance claims from staged accidents are on the rise— and nowhere more than in New York and Florida, two states with no-fault statutes. Overall, the number of questionable claims from staged accidents...
Calif. To Examine Validity of Anthem’s Claims-Related Data
May 7 2010 // The California Department of Insurance (CDI) had begun an effort to assess the validity of the claims data used by Anthem Blue Cross to justify future rate filings. “As Anthem readies its new rate filing, I have...
Marsh Finds Europe’s Financials Buying Less Insurance to Save Costs
May 6 2010 // According to a report from Marsh’s London office, “European financial institutions are buying less insurance or decreasing their sums insured in an effort to reduce costs, despite an increase in claims...
Louisiana Lawmakers Shelve Bill on Saints’ Workers’ Comp Issue
May 5 2010 // The Louisiana Legislature won’t be meddling any further this session in a workers’ compensation dispute between NFL players and the New Orleans Saints. The Saints had been pushing a bill to lessen its...
BP CEO: Oil Claim Waivers a ‘Misstep,’ Will Not Be Enforced
May 4 2010 // BP Plc said Monday that waiver clauses in contracts it offered to Alabama fishermen to help fight the Gulf of Mexico oil spill had drawn allegations that it was trying to buy them off to give up the right to sue the...
