Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Kentucky Insurance Office Helping with Residual Storm Claims
Mar 26 2008 // Roofers and other construction workers are busy repairing damage from the severe weather that raced through Kentucky early last month. When the Kentucky Office of Insurance sent members of its emergency response team to...
Citigroup to Pay $1.66 Billion to Settle Enron Creditors’ Claims
Mar 26 2008 // Citigroup has agreed to pay Enron Corp creditors $1.66 billion as the final part of a settlement of a lawsuit over banks’ responsibility in the energy trading firm’s downfall, a group representing creditors...
Study: Repealing Colorado’s No-fault Auto Law Reduced Claims
Mar 24 2008 // The repeal of Colorado’s no-fault automobile insurance law in 2004 has helped to reduce claims costs in the state, according to a recently released study by the Insurance Research Council. In 2004, the first year...
Texas Supreme Court Continues Onslaught of Coverage Decisions
Mar 24 2008 // Since last August, the Texas Supreme Court has issued a half dozen major insurance cases, many on issues pending for years. The Court recently heard argument in key cases involving the insurability of punitive damages in...
Study: Massachusetts Workers Comp Claims Costs Grew Rapidly
Mar 24 2008 // Workers’ compensation costs per claim in Massachusetts were typical among 14 study states, but grew rapidly in four out of five study years, including a nearly 10 percent increase in 2005 claims evaluated in...
Are Punitive Damages Insurable in Texas? High Court: Definitely Maybe
Mar 20 2008 // In Fairfield Insurance Co. v. Stephens Martin Paving, LP, the Texas Supreme Court addressed, for the first time, whether punitive damages were insurable in Texas. No. 04-0728, 2008 Tex. LEXIS 123 (Tex. Feb. 15, 2008). The...
American Claims Management Named Marshall As New Company President
Mar 18 2008 // San Diego, CA, 03/18/2008 – American Claims Management has announced its new president, Scott Marshall. Marshall, a seasoned multi-line claims and managed care executive with over 22 years of experience, has...
Court: Claim Against Oregon City Valid Even Years After Claim Occurred
Mar 18 2008 // The Oregon Supreme Court has ruled that a claim of sex abuse against a government employee may depend on when the plaintiff discovers the city played a role in the abuse, not necessarily when the abuse occurred. In The Boy...
Stunned Bear Stearns Investors Eye Legal Claims
Mar 17 2008 // Angry Bear Stearns Co. Inc. shareholders have wasted no time in calling their lawyers to pursue possible legal claims over the company’s $2-a-share fire sale to JPMorgan Chase & Co. But while the deal may draw...
Allianz Estimates ‘Emma’ Claims Will Exceed $300 Million
Mar 14 2008 // Germany’s Allianz reported that it now estimates that net claims before taxes caused by windstorm “Emma” will be more than €200 million ($311 million). Allianz noted: “Damages are less severe than...
Massachusetts Workers Comp Claims Costs Grew Rapidly, Study Finds
Mar 13 2008 // Workers’ compensation costs per claim in Massachusetts were typical among 14 study states, but grew rapidly in four out of five study years, including a nearly 10 percent increase in 2005 claims evaluated in...
Cleanliness is Key to Preventing Hot Tub Claims
Mar 10 2008 // Proper risk management includes daily inspections, regular cleaning, usage policies and water tests Hot tub operators are reporting an increasing number of “hot tub rash” claims from people using their...
Arizona Settles $7M-Plus in Claims
Mar 10 2008 // The Arizona Department of Insurance (ADOI) is reporting that it responded to 5,020 complaints in 2007 and assisted thousands of Arizona consumers in settling insurance company disputes and helping them recover $7.5 million...
Nanotechnology: A Big Risk in a Small Package?
Mar 10 2008 // Nanotechnology presents great opportunity, but the impact on insurance is still unknown Insurance professionals gathered in the oak-paneled Old Library of Lloyd’s of London this past December to learn more about a...
Job Bias Claims Against Employers Up 9%– Biggest Rise in Years
Mar 6 2008 // The U.S. Equal Employment Opportunity Commission (EEOC) received a total of 82,792 private sector discrimination charge filings last fiscal year, the highest volume of incoming charges since 2002 and the largest annual...
Arizona Insurance Department Helps Settle $7 Million-Plus in Claims
Mar 4 2008 // The Arizona Department of Insurance (ADOI) is reporting that it responded to 5,020 complaints in 2007 and assisted thousands of Arizona consumers in settling insurance company disputes and helping them recover $7.5 million...
Calif. School Risk Pool Wins $4.66 Million WC Verdict from ESIS, Inc.
Feb 29 2008 // A jury in Napa, Calif., has awarded the Marin School Insurance Authority $4.66 million stemming from a lawsuit against its long-term third-party claims administrator, ESIS, Inc. “This victory is especially rewarding...
Greaves to Head Marsh’s UK Forensic Accounting, Claims Services Practice
Feb 27 2008 // Marsh announced the appointment of Neil Greaves as Leader of its Forensic Accounting and Claims Services (FACS) Practice in the UK, based in London. He will “drive the development of FACS’s UK business...
Virginia Dismisses Tenn. Risk Groups’ Claims Against Reciprocal of America
Feb 26 2008 // Virginia insurance regulators have has dismissed the claims of three insolvent Tennessee risk retention groups against Reciprocal of America (ROA). The State Corporation Commission said it determined that, as reinsureds of...
Calif. Department of Insurance Denies it Violated Claims Adjusting Firm’s Settlement Terms
Feb 24 2008 // Matthew Todd, vice president of Paramount Disaster Recovery Inc., is claiming a media release by California Insurance Commissioner Steve Poizner misrepresented Paramount’s actions related to a recent lawsuit as well...
