Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
How Courts and Claims are Altering the D&O Landscape
Apr 7 2008 // Claims frequency, claims severity, subprime, securities fraud and Stoneridge key issues on the horizon From the vantage point of early 2008, insurers writing directors and officers coverage can look back on the prior year...
During a Recession, Agents Tend to Fare Better Than Their Customers
Apr 7 2008 // Agents writing residential contractors feel recession first; manufacturing, retail segments follow Main Street independent insurance agents could take a bigger hit than their larger counterparts as an economic recession...
Officials File Civil Lawsuit against 3 Former Florida Insurance Companies
Apr 1 2008 // The Florida Department of Financial Services filed a civil lawsuit against the officers, directors and affiliates of three former Florida insurance companies, according to Chief Financial Officer Alex Sink. Lawyers for...
2008 Aviation Outlook Unclear
Mar 31 2008 // Capacity for aviation coverage appears to be increasing, but, as claims are also on the rise, the outlook for the year ahead is not one that is easy to predict. Aon aviation industry analyst, Magnus Allan, commented...
Progressive Opens Concierge Claims Center North of Philadelphia
Mar 31 2008 // Progressive has opened a new service center in Pennsylvania where insureds with damaged vehicles can drop off their cars, get a ride to a rented one and hand off the processing a repair job to the company. Those using the...
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...
