Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Tough products don’t need to be an underwriting challenge
Jun 4 2007 // Skis, ladders, pacemakers and nutra-ceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan, and David Rosenburg,...
‘Broken lawsuit system’ hurts small business, dampens the spirit of entrepreneurship, study claims
Jun 4 2007 // The tort system in the United States cost small businesses $98 billion in 2005, with the fear of lawsuits altering the way the small business owners make decisions, according to studies released at a Congressional hearing...
At last, World Trade Center rebuilding ready to begin
Jun 4 2007 // N.Y. Gov. Spitzer brokers $2 billion settlement between Silverstein Properties and seven insurers New York Gov. Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion...
Tough products don’t need to be an underwriting challenge
Jun 4 2007 // Skis, ladders, pacemakers and nutraceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan, and David Rosenburg,...
People
Jun 4 2007 // Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling...
‘Broken lawsuit system’ hurts small business, dampens the spirit of entrepreneurship, study claims
Jun 4 2007 // The tort system in the United States cost small businesses $98 billion in 2005, with the fear of lawsuits altering the way the small business owners make decisions, according to studies released at a Congressional hearing...
At last, World Trade Center rebuilding ready to begin
Jun 4 2007 // New York Gov. Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding...
Report Claims N.J. Homes at Risk Due to Outdated Flood Maps
May 30 2007 // Outdated maps that don’t take into account years of development are leaving many northern New Jersey residents and builders unaware of actual flooding risks, experts say. Some of the maps of towns along the Ramapo,...
U.S. Supreme Court Upholds 180-Day Period for Pay Bias Claims
May 30 2007 // The U.S. Supreme Court has handed employers a victory against pay discrimination suits by limiting how far back in time employees can go to prove their bias claims. In Ledbetter v. Goodyear Tire & Rubber Co., the high...
Study Highlights Industry’s Potential Climate Change Liabilities
May 29 2007 // Liabilities follow the insurance industry as the night follows the day. So, it’s not terribly surprising to learn that a new study – “Limiting Liability in the Greenhouse: Insurance Risk-management...
SCOR Balks at World Trade Center Claims Settlement
May 24 2007 // Reinsurer SCOR has asked that the recent $2 billion settlement of World Trade Center claims between Silverstein Properties and several insurers be sent to arbitration because it believes that the terms with one of the...
Let Ground Zero Rebuilding Begin: Spitzer Brokers Settlement with 7 Insurers
May 23 2007 // New York Governor Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding...
Insurers Ask Colo. to Veto UIM Coverage
May 22 2007 // The National Association of Mutual Insurance Companies is urging Colorado Gov. Bill Ritter to veto Senate Bill 256, legislation concerning uninsured and underinsured motorists. In a letter to the governor, NAMIC warned...
Fla. Finance Office Forms Task Force on Citizens’ Claims Handling and Resolution
May 22 2007 // In an ongoing effort to improve Citizens’ policyholder and applicant services, Florida Chief Financial Officer Alex Sink announced appointees to the legislatively-created Task Force on Citizens Property Insurance...
Tough products don’t need to be an underwriting challenge
May 21 2007 // Skis, ladders, pacemakers and nutra-ceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan and David Rosenburg,...
News Currents
May 21 2007 // State Farm to reopen 350 hurricane claims in Louisiana Holly Beach, La., October 3, 2005 – Nothing is left of the community of Holly Beach, once home to 300 residents and a favorite destination for thousands of...
Claims against insurance agents and brokers: Timing is everything
May 21 2007 // Flood policies at heart of many cases against Gulf Coast producers In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found...
Claims against insurance agents and brokers: Timing is everything
May 21 2007 // In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found themselves being sued for allegedly failing to advise their customers...
People
May 21 2007 // Liberty Northwest, a member of Liberty Mutual Group based in Portland, Ore., appointed Larry W. Becker president and chief operating officer. Becker most recently was executive vice president, sales and marketing for...
Tough products don’t need to be an underwriting challenge
May 21 2007 // To view the “How to Write Insuring Tough Products Liability Accounts” seminar or any of the seminars in the “How to Write” Series, visit: www.insurancejournal.com/seminars for a link to free...
