Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
People
May 21 2007 // McQueary Henry Bowles Troy named Senior Vice President Brad Van Stavern to lead the new property/casualty practice in its Austin office. Van Stavern brings experience in the health care industry, where he held positions...
U.S. Grand Jury Subpoenas Allstate, Nationwide over Katrina Claims
May 21 2007 // Allstate Corp. and Nationwide Mutual Insurance Co. have been subpoenaed by a federal grand jury investigating the insurance industry’s handling of Hurricane Katrina claims in Mississippi, the companies...
State Farm Claims at $12 Million After Deadly Kansas Tornado
May 21 2007 // State Farm Insurance Co. has paid out about $12 million in claims with more still coming in after a Kansas tornado that destroyed a town two weeks ago and killed at least a dozen people, the company said. Home and auto...
UnitedHealthcare Pays $650,000 Fine Imposed by Neb. Department
May 18 2007 // The Nebraska Department of Insurance and UnitedHealthcare have settled complaints about the company’s past claims process, with the company agreeing to pay the largest fine ever imposed by the department,...
Nev. Food Service Workers Boost Jobsless Insurance Claims
May 17 2007 // A new report shows a big jump in jobless insurance claims by Nevada food service workers following voter approval in November of a higher minimum wage and a smoking ban in bars and restaurants and other locations. Terry...
La. Court Bars Pollution Exclusion to Deny Coverage in Bodily Injury Case
May 16 2007 // A Louisiana state judge has ruled that an insurance company cannot use the so-called “absolute pollution exclusion” to deny its corporate policyholder coverage for claims alleging that bodily injury was caused...
Lawsuit Claims Paralysis Caused by Denial of Claim
May 15 2007 // A 39-year-old Washington woman paralyzed from injuries caused in a car crash sued her insurer for denying coverage for surgery doctors agree could have prevented her paralysis. Tara Sadler, a Yakima, Wash., resident and...
Industry Not Getting Out Truth About Katrina Claims, Soto Maintains
May 14 2007 // While the public perception is that the industry failed consumers in the handling of Hurricane Katrina claims, the reality is quite different, according to the leader of the nation’s largest insurance agents’...
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...
