Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
PartnerRe Believes Claims from European Windstorm Erwin to be Between $50-$60 Million
Jan 26 2005 // Bermuda-based PartnerRe Ltd. announced that claims relating to its exposure to Windstorm Erwin, which hit Northern Europe in early January, are expected to be between $50-$60 million. Windstorm Erwin battered Northern...
Study: Injury Claims are Common Despite Lower Auto Accident Rates, Fewer Serious Injuries
Jan 25 2005 // More than one in four auto accidents resulted in bodily injury liability (BI) claims in 2003, according to a recent study by the Insurance Research Council (IRC). The study, Trends in Auto Injury Claims, 2004 Edition,...
Citizens Submits “Action Plan,” Recommendations to Fla. Task Force
Jan 25 2005 // An action plan and recommendations for improvements to make Citizens Property Insurance Corporation ready to respond during a major disaster, such as last year’s devastating hurricanes, has been submitted to the...
Suspects in Insurance Fraud at Large
Jan 24 2005 // California Insurance Commissioner John Garamendi announced several arrests in a large, “paper collision” insurance fraud ring. He also asked the community to assist in locating three members who remain at...
CLAIMS REASSESSMENTS:
Jan 24 2005 // The Arkansas, Louisiana and Texas insurance departments announced their states have reached settlement agreements with UnumProvident insurance companies, which requires a re-evaluation of certain consumer-disputed...
ACE USA’s Environmental Coverage Logs Online; New Site Provides Product, Claims Reporting Information
Jan 24 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced that its ACE Environmental Risk unit has introduced the capability for on-line product and claims reporting information via its new...
S.C. LAWSUIT CLAIMS HIX INSURANCE MISLED N.C. CUSTOMERS:
Jan 24 2005 // A class-action lawsuit filed in North Carolina’s Guilford Superior Court claims that Hix Insurance of Greensboro, S.C., misled thousands of North Carolina customers, especially Latinos, into unknowingly buying motor...
W. Va. Policyholders Have Until July 16 to Reassess UnumProvident Claims
Jan 14 2005 // West Virginia Insurance Commissioner, Jane L. Cline, has signed separate multi-state settlement agreements with three major disability insurance carriers owned by UnumProvident Corporation of Chattanooga, Tenn. More than...
CRM Appoints New Claims Account Coordinator
Jan 13 2005 // Irvine, Calif.-based Compensation Risk Managers of California, LLC (CRM) has announced the appointment of Edward Low as the firm’s new claims account coordinator for California. Low has extensive experience in...
Agents, Insurers Claim Proposed Asbestos Legislation Falls Short of Solving the Problem
Jan 11 2005 // The Independent Insurance Agents & Brokers of America applauded Senate Judiciary Committee Chairman Arlen Specter (R-Pa.) for moving quickly to hold hearings on proposed asbestos legislation, but says the association...
Calif. Mudslide Claims Lives; Heavy Rains Continue
Jan 11 2005 // Any fears of a drought this year in California are likely going by the wayside. Heavy rains hammered the state again on Tuesday as authorities reported four people were killed and more are missing in a mudslide in La...
Zurich, Calif. Commissioner Settle Case Involving Liquidation of Superior Nat’l, Centre Insurance Cos.
Jan 11 2005 // Zurich Financial Services Group (Zurich) announced that the Insurance Commissioner of the State of California, as liquidator of the Superior National Insurance Companies (the “Liquidator”), and Centre Insurance...
PartnerRe: Tsunami Claims Likely $25M-$35M
Jan 11 2005 // Bermuda-based PartnerRe Ltd. on Tuesday estimated that claims relating to its exposure to the earthquake and resulting tsunami in Southeast Asia on Dec. 26, 2004 are expected to be between $25-$35 million. PartnerRe...
Equitas Settles $200 Million in Asbestos Claims
Jan 10 2005 // Equitas, the runoff vehicle established in 1996 to handle Lloyd’s exposure to asbestos and environmental claims, announced that it has settled more than £105 million ($200 million) in claims with four...
Snow-birds Flocking to Fla., Filing 8,000 Damage Claims Per Week
Jan 10 2005 // Snow-birds who only come to Florida in the winter are accounting for an average of 8,000 new hurricane damage claims per week according to the Hurricane Insurance Information Center and the Florida Insurance Council. More...
More Than 10,000 Louisianians Entitled to Reassessment of Claims by Unumprovident
Jan 7 2005 // The Louisiana Department of Insurance reported that more than 8,000 Louisiana claimants are receiving a reassessment form this month in a letter from UnumProvident Corp. as part of a multi-state settlement. Completing the...
UnumProvident to Reassess Claims of 2,000-Plus Ark. Insurance Consumers
Jan 7 2005 // Arkansas Insurance Commissioner Mike Pickens announced his state has reached a settlement agreement with UnumProvident insurance companies, which requires a re-evaluation of certain consumer-disputed disability insurance...
300-Plus Claims Filed Over Okla. Plant Explosion
Jan 6 2005 // More than 300 insurance claims have been filed concerning a furnace explosion at a scrap metal plant in Muskogee, Okla., that killed two employees and damaged nearby homes, according to the Associated Press. Insurance...
How Many Times Does the Insurer Pay – Multiple Occurrences’
Jan 5 2005 // With the recent news that some insurers will be liable for “two events” relating to the World Trade Center attacks on Sept. 11, many in the insurance world have focused their attention to the “number of...
Citizens Property Reduces Fla. Complaints, Improves Customer Service
Jan 5 2005 // Citizens Property Insurance Corporation has closed more than 81 percent of outstanding residential claims and taken strides to reduce consumer complaints, Citizens officials announced today. The improvements come in...
