Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
La. Commissioner: State Farm to Reopen Katrina and Rita ‘Slab’ Claims
May 11 2007 // Lousiana Commissioner of Insurance Jim Donelon announced that State Farm has agreed to reevaluate all of the claims it denied from Louisiana policyholders whose homes or businesses were reduced to their foundations due to...
ABI Survey Estimates UK Fraudulent Claims at $8 Million a Day
May 10 2007 // A survey conducted by the Association of British Insurers concludes that fraudulent insurance claims are now costing insurers and honest customers over £4 million ($7.98 million) every day. The annual cost is around £1.6...
Joseph Joins Marsh UK’s FACS Team
May 10 2007 // Marsh UK announced that business interruption specialist Josephine Joseph has joined the broker’s European Forensic Accounting and Claims Services (FACS). She joins FACS from Matson, Driscoll & Damico UK LLP,...
Minding Your Business
May 7 2007 // Executive risk exposures producers should know Every day, corporate executives are expected to make the perfect business decisions on all issues. Obviously, this does not happen all the time. The best one can truly expect...
Dog daze: pet food case raises product recall, ‘special’ property claims
May 7 2007 // The tragedy could even lead to some new coverage opportunities for the insurance industry if lawyers are successful While the manufacturer of the contaminated multi-brand pet foods that have caused an unknown number of pet...
Executive risk exposures producers should know
May 7 2007 // Every day, corporate executives are expected to make the perfect business decisions on all issues. Obviously, this does not happen all the time. The best one can truly expect is for the executives to make the best decision...
News Currents
May 7 2007 // Nationwide to readjust 500 Miss. Katrina claims Nationwide Mutual Insurance Co. will readjust claims for about 500 Mississippi policyholders whose homes were reduced to foundations by Hurricane Katrina, state Insurance...
Executive risk exposures producers should know
May 7 2007 // The true insurance professional will understand that there exists a complex world of executive risk losses that can range from shareholder litigation against the board of directors, human resource related claims, lawsuits...
Miss. AG Suit, MetLife P&C Settlement Latest Katrina Claims Developments
May 3 2007 // Plaintiff attorneys at the Scruggs Katrina Group, headed by Richard “Dickie” Scruggs, said they have brokered an out-of-court settlement for 34 Met Life Property & Casualty policyholders in Mississippi...
Towers Perrin D&O Report: Spike in Demand for Personal Cover, Higher Limits, Enhancements
May 3 2007 // Public and private companies — more than 66% of respondents — have received a record number of inquiries from potential board members who are concerned about their current directors and officers (D&O)...
New Firm, Claimetrics, Promises New Age in Claims Management
Apr 30 2007 // A group of industry experts announced today the launching of Claimetrics, a claims management company focused on measurable results, at this week’s Risk and Insurance Management Society in New Orleans. The founders...
StanCorp Financial Group Reports Q1 Income, Favorable Claims Experience
Apr 27 2007 // Portland, Ore.-based StanCorp Financial Group Inc. has reported net income for the first quarter of 2007 of $0.90 per diluted share, compared to $0.70 per diluted share for the first quarter of 2006. Net income for the...
Industry Associations Urge Wash. Governor to Veto Fair Conduct Act
Apr 27 2007 // Insurance industry associations are continuing to fight Washington’s Insurance Fair Conduct Act, asking Gov. Chris Gregoire to veto the legislation. ESSB 5726 is designed to provide insurance consumers with...
LWCC Promotes Bellue and Otts
Apr 26 2007 // Louisiana Workers’ Compensation Corporation (LWCC) announced the promotion of Mark Bellue to claims manager of large accounts and U.S. Longshore and Harbor accounts. Kathy Otts has been promoted to claims manager of...
P/C Insurers to Pay $1.2 Billion in 1st Quarter Home, Business Catastrophe Claims
Apr 25 2007 // Severe tornadoes in several southern states helped push catastrophe losses to more than $1.2 billion during the first quarter of 2007, according to the industry’s Property Claim Services (PCS), a unit of Insurance...
Ga. Claims Firm Engle Martin Acquires Litigation Management Services
Apr 24 2007 // Engle Martin & Associates, Inc., an Atlanta-based multi-line insurance claims administration and adjusting company, has acquired the specialty fraternal and not-for-profit services of Litigation Management Services,...
News Currents
Apr 23 2007 // Insurers fight impression their big profits are at claimants’ expense The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65...
News Currents
Apr 23 2007 // State Farm begins promised review of Miss. Katrina claims The State Farm Insurance Co. announced the details of how Mississippi policyholders can have their Katrina wind damage claims reevaluated under the agreement it...
Majority of medical malpractice claims close without payment
Apr 23 2007 // The majority of medical malpractice claims in a study of seven states were closed without any compensation paid to those claiming a medical injury, the Justice Department’s Bureau of Justice Statistics (BJS)...
Consumer groups say market forces, not claims, caused re-cent medical malpractice crisis
Apr 23 2007 // A consumer coalition released a report that disputes insurers’ contention that the most recent medical malpractice insurance crisis for doctors was caused by rising costs. The study, Stable Losses/Unstable Rates...
