Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Enron’s legacies and directors’ and officers’ risk
Jan 7 2007 // Shortly after former Enron CEO Jeffrey Skilling’s Oct. 23, 2006, sentencing, the Enron Task Force said it was closing down, with its mission mostly complete. Yet did that event really signal an endpoint in the Enron...
BOPping in on employment practices liability insurance
Jan 7 2007 // It’s the ogre hiding under the bridge. And a hungry ogre at that. The owners of many small- to mid-sized companies hope to tip-toe by without incident, but there is no ignoring the potential for trouble. The number...
OneBeacon Names Sibilia Senior V.P. of Claims
Jan 4 2007 // OneBeacon Insurance Group, Ltd. has named Philip Sibilia as senior vice president of claims of its insurance operations. He succeeds Gary Black who retired at the end of 2006. Sibilia has been with the company since 1979,...
Report: Traffic Accidents’ Share of Workers’ Comp Losses Grows
Jan 3 2007 // Work-related injuries due to traffic accidents are relatively costly and are on the increase as a growing share of workers compensation loss costs. According to the National Council on Compensation Insurance Inc., the...
Miss. AG Hood Urges Insurers Settle Not Fight Katrina Claims
Dec 28 2006 // Fifteen months after Hurricane Katrina left gaping holes in the Gulf Coast landscape, many insurance claims remain unsettled and Mississippi Attorney General Jim Hood is not happy. He says he would be happier if some of...
Most Tenn. Med-Mal Cases End in No Payout But Incur Defense Costs
Dec 26 2006 // Most medical malpractice claims closed in Tennessee last year resulted in no payment of damages to patients and their families, according to a recent report. However, the approximately 16 percent of claims that were paid...
2006: a big year for P&C buyers and sellers of all shapes and sizes
Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
2006: Soft market offers up many new insurance products
Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
2006 New Markets Report
Dec 24 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
2006:a big year for P&C buyers and sellers of all shapes and sizes
Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
York Creates Dedicated Transportation Claims Unit
Dec 20 2006 // York Insurance Services Group, Inc., which is based in in Parsippany, N.J., has formed York Transportation and Logistics as a division of York Specialized Loss Adjusting, its large/complex property claims unit. The new...
Mich. Accident Fund Names Cooper Vice President of Claims Operations
Dec 19 2006 // Lansing, Mich.-based Accident Fund Insurance Company of America recently announced that Stephan Cooper has been named vice president of Claims Operations. In his new role, Cooper directs Accident Fund’s...
Another Merck Victory: Ala. Jury Rejects Claims Against Vioxx
Dec 18 2006 // State court jurors sided with drug manufacturer Merck & Co. on Friday and rejected the claims of an Alabama man who blamed the painkiller Vioxx for a heart attack in 2001. Attorneys for Gary Albright, 57, had told...
Tillinghast: Overall U.S. Tort Costs Dropping; Fewer Auto Claims Drive Decline
Dec 14 2006 // U.S. tort costs totaled $261 billion in 2005, which is approximately $880 per person and $4 less per person than in 2004, according to the 2006 Update on U.S. Tort Cost Trends from the Tillinghast business of Towers...
Dissecting a claims made policy
Dec 11 2006 // Editor’s note: This is the first installment in a three-part series discussing the anatomy of a claims made policy. Parts II and III will be printed in future issues of Insurance Journal’s West region...
Understanding D&O risks, exposures and insurance options
Dec 11 2006 // What do a parent advisory board, parish council, the United Way and local athletic club have in common? They are all nonprofit organizations. Most people serving on the board of such organizations are volunteers who...
Understanding D&O risks, exposures and insurance options
Dec 10 2006 // What do a parent advisory board, parish council, the United Way and local athletic club have in common? They are all nonprofit organizations. Most people serving on the board of such organizations are volunteers who...
Innovations in information technology spur need for up-to-date underwriters
Dec 10 2006 // With rapid innovations in the field of information technology, types of underwriting that didn’t exist a few decades ago have become prominent today. For example, companies engaging in information technology business...
Dissecting a claims made policy
Dec 10 2006 // Editor’s note: This is the first installment in a three-part series discussing the anatomy of a claims made policy. Parts II and III will be printed in future issues of Insurance Journal’s West region...
Typical Auto Insurance Premium to Fall in 2007 Due to Anti-Fraud Efforts, Fewer Claims
Dec 6 2006 // The typical U.S. driver will pay less for auto insurance in 2007 than in 2006, with the average premium expenditure expected to drop by 0.5 percent, reported the industry-backed Insurance Information Institute. The average...
