Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Crawford Handling Australian Claims
Mar 24 2006 // Crawford & Company announced that its Australia operation has activated its catastrophe plan in the wake of Cyclone Larry, the category five cyclone that struck Australia on Monday morning (See IJ Website March...
N.D. Commissioner Says Hailstorm Claims Top $105 Million
Mar 23 2006 // Claims from a July 21 hailstorm in south central and southwestern North Dakota total more than $105 million, Insurance Commissioner Jim Poolman says. “Year-end totals show that we were nearly $106 million in claims...
Tropical Cyclone Larry Insured Loss Estimates $65 Million
Mar 22 2006 // Preliminary reports of claims following the passage of Tropical Cyclone Larry through Northern Australia (See IJ Website March 21) have put insured losses at around A$90 million (US$65.6 million). According to reports...
Ill. Storm Claims Could Top $100 Million
Mar 21 2006 // Springfield, Ill. Mayor Tim Davlin said the damage caused to private property during a recent violent storm that generated a pair of tornadoes could top $100 million. . The figure stems from an informal report collected...
$1.5B paid on more than 180K Rita claims
Mar 20 2006 // The Insurance Council of Texas reported that insurance companies have settled 90 percent of property claims in Texas that resulted from the devastation caused by Hurricane Rita that struck in late September 2005. According...
W.Va.: $1.89M in workers’ comp claims outstanding
Mar 20 2006 // The West Virginia Insurance Commission released statistics indicating more than $1.89 million in workers’ compensation payments are outstanding from employers in the state. The commission mailed out notices asking...
W.Va.: $1.89M in workers’ comp claims outstanding
Mar 19 2006 // West Virginia Insurance Commissioner Jane L. Cline issued a reminder to West Virginia employers last week saying they will be subject to penalties and repercussions if they fail to pay workers’ compensation...
Congress Boosts Borrowing Authority for Federal Flood Insurance
Mar 19 2006 // Congress has agreed to boost the borrowing power of the federal flood insurance agency, which is fast running out of money needed to meet some 225,000 claims from hurricanes Katrina and Rita. The legislation, passed by...
UPDATE: Insurers Tally Storm Damage to Auto, Property in Midwest
Mar 14 2006 // Insurance companies in the Midwest are beginning to tally claims connected to hundreds of tornadoes and severe storms that hit a five state region in the Midwest late Saturday and early Sunday. Illinois, Indiana, Missouri,...
Multi-State Class Actions Could Infringe on State Regulators’ Authority, Interfere with Claims Adjudication
Mar 10 2006 // The National Association of Mutual Insurance Companies (NAMIC) has joined other members of the insurance industry in filing an Amici Curiae brief involving a multi-state class action appeal currently before the Washington...
Wis. Nurses Convicted of Filing Non-Existent Medicaid Claims
Mar 10 2006 // Two La Crosse, Wis. area registered nurses were convicted recently of filing fraudulent Medicaid insurance claims. Janice Corbett, 65, of Ontario, Wis., pleaded guilty in Dane County Circuit Court to one count of...
ICT: $1.5B Paid on Hurricane Rita Claims in Texas
Mar 6 2006 // The Insurance Council of Texas reported that insurance companies have settled 90 percent of property claims in Texas that were the result of the devastation caused by Hurricane Rita that struck in late September...
Fort Myers Inn to Pay $16,000 to Settle Wilma Fleecing Claims
Mar 6 2006 // Attorney General Charlie Crist has announced that his office has reached an agreement with a Lee County hotel resolving the first price-gouging case filed by the Attorney General’s Office related to Hurricane Wilma....
RACK ‘EM UP
Mar 6 2006 // Certified public accountants wading into tax season should be aware of heightened exposure to liability as clients make crucial year-end decisions about how to manage tax liabilities for 2005, according to a recent study...
NAMIC Focuses Federal Affairs Agenda on Regulatory and Asbestos Reform
Mar 1 2006 // The National Association of Mutual Insurance Companies (NAMIC) – which has more than 1,400 member companies that underwrite 43 percent ($196 billion) of the property/casualty insurance premium in the United States...
Rule to Limit Ga. Contract Obligations in Effect March 1
Feb 28 2006 // An emergency rule that goes into effect March 1 in Georgia entitled “Unfair Trade and Claims Settlement Practices” limits consumers contractual liaiblities and according to the Insurance Commissioner’s...
Okla. Senate GOP Claims Democrats Aided Lawyers in Tort Reform Battle
Feb 23 2006 // Oklahoma Senate Republicans are playing hardball, claiming in a news release that trial lawyers won an early victory in the legislative lawsuit reform battle with the help of Democrat “allies” in the state...
Citizens Claims Dramatic Customer Service Improvements
Feb 21 2006 // More than 90 percent of all claims related to Hurricane Wilma have been closed according to Bob Ricker, Citizens Property Insurance Corp. executive director. He also reported that more than 91 percent of all hurricane...
Tax Liabilities Present a Growing Threat to U.K. M&A Market, Study Says
Feb 21 2006 // Issues relating to taxation are the biggest cause of Warranty and Indemnity (W&I) claims in the UK according to latest research from Aon Limited. The firm analysed the W&I deals underwritten between 1990 to 2002,...
FARMERS FINED $1 MILLION
Feb 20 2006 // Farmers Insurance Group has been fined $1 million following settlement negotiations about how it handled consumer claims. Farmers, consisting of Farmers Insurance Exchange, Fire Insurance Exchange, Mid-Century Insurance...
