Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Texas Windstorm Insurance Association: 63% of Ike Claims Closed
Dec 11 2008 // Texas’ insurer of last resort for wind and hail coverage along the coast reports that 63 percent of claims from Hurricane Ike have been closed and that more than $519 million has been paid to policyholders so...
Georgia: No Single Formula for Insurers Handling Diminished Value Claims
Dec 9 2008 // Georgia Insurance Commissioner John W. Oxendine has issued a directive informing automobile insurance companies in Georgia about the proper handling of diminished value claims. Oxendine ordered all auto insurance companies...
Gary LaFond Joins BlueWave Team
Dec 9 2008 // Honolulu , HI – December 9, 2008 – BlueWave Technology, the Honolulu-based claims management software company, announced today that Gary LaFond has joined the organization as Director of Account Management. Mr....
CLARIFICATION: Public Entity Claims Growth Due to Jump in Members
Dec 5 2008 // The Public Entity Risk Institute (PERI), a nonprofit research institute, wishes to correct a conclusion about its public entity claims database, the PERI Data Exchange, published by Insurance Journal recently. The...
Massachusetts Diocese Pays $4.5M for Abuse Claims
Dec 4 2008 // A Catholic diocese in Massachusetts has paid $4.5 million to nearly 60 people who say they were sexually abused by priests as far back as 1948. The agreements announced Tuesday were part of a voluntary arbitration process...
Premium Rating Errors Cost Auto Insurers $16 Billion, Report Claims
Dec 4 2008 // Premium rating errors by insurance companies resulted in the loss of $16.1 billion of auto insurance premium revenues in 2007, slightly down from the 2006 figure of $16.6 billion — but still almost 10 percent of the...
Workers Comp, Liability Claims Against Public Sector Exploding
Dec 2 2008 // Liability and workers compensation claims against the public sector are multiplying at an unprecedented pace, according to a report from a tracking database maintained by a risk management research organization. In 2008,...
Claims Estimates for Hurricane Ike Still ‘Fluid,’ Commissioner Says
Dec 2 2008 // As of late November, estimates of insured losses from Hurricane Ike, which hit Galveston on Sept. 13, were in the $6 billion to $8 billion range, according to Texas Insurance Commissioner Mike Geeslin. However, Geeslin...
Ohio: $1.2 Billion in Insurance Claims for 3rd Quarter of 2008
Dec 1 2008 // The Columbus Dispatch reports that Ohio had $1.2 billion in insurance claims for the third quarter of the year, trailing only hurricane-hit Texas and Louisiana. That’s up from $62 million in claims during the same...
It Figures
Nov 30 2008 // $90 Million Louisiana Citizens Property Insurance Corporation had paid out $90 million in claims from the 2008 Hurricanes Gustav and Ike, as of mid-November. The company had about 53,000 claims from the two storms; the...
California Wildfires May Take Longer to Settle
Nov 30 2008 // Industry analysts are predicting insured losses from the Freeway Complex, Sayre and Tea Fires that burned Southern California in mid-November will range from $600 million to $800 million. Comparatively, those losses are...
All Claims Are Local
Nov 30 2008 // Multinational Claims Require Knowledge of Culture, Currency and Legal Climate In today’s borderless global economy, claims can arise in just about any part of the world where a company does business. Even small and...
Aon Notes M&A Activity Produces Increased Warranty Claims
Nov 25 2008 // A bulletin from Aon’s London office concerning mergers and acquisitions states that “sellers are facing a new hurdle as buyers are increasingly seeking to recover damages for financial discrepancies on the cusp...
IAG Estimates Queensland Storm Claims at $38 to $44 Million
Nov 24 2008 // The Insurance Australia Group Limited (IAG) announced that it has received around 6,000 claims as a result of the storms that hit southeast Queensland (See IJ web site –...
Insurance Information Network Of California Offers Fire Victims Recovery, Claims Info
Nov 18 2008 // With displaced residents of the Southern California fires now returning to their neighborhoods, several home and business owners are now finding themselves facing dozens of questions before they rebuild. To help navigate...
La. Citizens OKs $35M Settlement; Pays $90M in Hurricane Claims
Nov 17 2008 // The board of Louisiana’s last-resort insurance company approved paying up to $35 million to settle a class action lawsuit alleging that the firm took too long to pay off policyholders’ claims after the 2005...
California Commissioner Declares Insurance Emergency to Expedite Fire Claims Processing
Nov 17 2008 // California Insurance Commissioner Steve Poizner declared an insurance emergency to cut red tape and allow insurance companies to use out of state adjusters to more quickly work through the spate of fire...
Public Entities Use Early Intervention to Improve Workers’ Comp Results
Nov 16 2008 // Public entities nationwide are searching for new strategies to improve the performance of their workers’ compensation programs. A primary challenge has been frequent delays in reporting employee injuries, which sets...
How to Control Construction Claims in a Collapsing Homebuilders’ Market
Nov 16 2008 // Working with Experienced Homebuilders, Rigorous Inspections and Defect Remedies Reduces the Risk from Possible Shortcuts A significant increase in unsold assets represents a substantial hole in the balance sheet for...
Lawsuit Claims Discrimination in Katrina Recovery
Nov 14 2008 // A group of civil rights attorneys filed a federal lawsuit claiming racial discrimination by the Louisiana Road Home program, an already troubled $10.3 billion effort designed to help Hurricane Katrina victims rebuild their...
