Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Claims Mediation Meetings Begin in Four Fla. Cities
Nov 22 2004 // Mediation meetings began Monday in Punta Gorda, Orlando, Jupiter and Pensacola to provide Floridians with a process to quickly and fairly settle disputes with insurance companies, at no cost to them. To date, more than...
N.Y. UNVEILS HOLOCAUST AWARDS:
Nov 22 2004 // New York Governor George E. Pataki revealed that $2.3 million in offers have been made to Holocaust survivors and their heirs for insurance policies held with companies that were either liquidated or nationalized after...
ACE USA Enhances Defense Base Act Coverage
Nov 19 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced that it is enhancing its Defense Base Act (DBA) product offerings to create a responsive, comprehensive approach for small to...
Six N.C. Homeowners Dispute Denial of Hurricane Ivan Damage Claims
Nov 19 2004 // Six residents in Peeks Creek, N.C. where four people died in a Hurricane Ivan-triggered landslide have hired lawyers to represent them after being denied insurance claims. Fifteen houses were damaged or destroyed in Peeks...
Multi-State, $120M Agreement with UnumProvident Requires Reassessing Claims Back to 1997
Nov 18 2004 // A multi-state settlement with UnumProvident Corp. over its disputed handling of disability claims would cost the firm more than $120 million to comply and require it to review more than seven years of claims. It also calls...
W.R. Grace Reorganization Includes Asbestos Fund
Nov 17 2004 // The reorganization plan filed by W.R. Grace & Co. in its Chapter 11 bankruptcy case includes a proposal to establish a trust to handle a variety of asbestos claims against the chemical manufacturer. The reorganization...
At Senate Hearings into Broker Pay, NAIC Claims States Get Job Done without Headlines
Nov 16 2004 // New York Superintendent of Insurance Greg Serio, speaking on behalf of the nation’s state insurance commissioners, will tell a Senate subcommittee today that state regulators play a critical role in guaranteeing a...
Nationwide Estimates Florida Hurricane Losses at $850 Million Pre-Tax
Nov 15 2004 // Ohio-based Nationwide Mutual Insurance Company and its P/C affiliates have issued an estimate of the losses and loss adjustment expenses from Hurricanes Charley, Frances, Ivan, and Jeanne of approximately $850 million on a...
GAINSCO Unveils Q3 Report
Nov 12 2004 // Texas-based GAINSCO INC. has reported net income for the third quarter 2004 of approximately $1.6 million. After the accretion of the discount on the Redeemable Preferred Stock of approximately $0.9 million and the accrual...
CFO Gives Hurricane Response Status Report; Fla. Mediation Begins Nov. 22
Nov 12 2004 // Following a recent emergency rule setting deadlines for processing claims there have been almost 17 percent fewer calls from consumers experiencing delays when dealing with an adjuster, according to the Florida Department...
Mo. Malpractice Claims Fall But Premiums Rise
Nov 9 2004 // The number of medical malpractice claims filed and paid is declining in Missouri, yet physicians’ premiums are rising, according to a report from the state Insurance Department. New medical malpractice claims dropped...
RemedyTemp to Appeal Workers' Comp Case Appeals Court Ruling
Nov 8 2004 // The California Insurance Guarantee Association (CIGA), will not be held responsible for covering workers’ comp claims filed by 500 of the staffing agency’s employees who were insured by insolvent carrier...
ISO: INSURERS WILL PAY ESTIMATED $3.245 BILLION ON HURRICANE JEANNE CLAIMS:
Nov 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.245 billion for insured property losses from Hurricane Jeanne, according to preliminary estimates by ISO’s Property Claim...
Underinsured Homeowner Problem Revisited on Anniversary of Calif. Wildfires
Nov 8 2004 // Replacement cost, policy limits, and non-renewal of policies were the source of a heated debate in a day-long hearing investigating underinsured homeowners affected by last year’s wildfires. California Insurance...
Claims Adjuster Arrested on Fraud,Theft Charges
Nov 4 2004 // Michael Anthony Green, 43, of Hawthorne, Calif., surrendered himself to Orange County authorities after a warrant had been issued for his arrest. His arrest is the result of an investigation by the California Department of...
U.K. Asbestos Claims Could Top $36 Billion
Nov 2 2004 // A new study of asbestos related diseases in the U.K., as reported by the BBC, indicates that total claims could reach £20 billion ($36 billion) over the next 30 years. According to actuarial estimates, about half that...
Mass.Claims Carnival Operator Lacked Safety Records
Nov 1 2004 // A carnival ride accident that threw a Massachusets man to his death last month was caused by a chain reaction that started when the safety bar holding the man and his companion in place failed, causing their weight to...
Lorillard Wins N.Y. Cigarette Suit
Nov 1 2004 // Tobacco company Lorillard says it has won an individual smoker trial with claims related to the asbestos in the original Kent filter and claims related to tobacco use. In a unanimous verdict, a Manhattan state court jury...
PIAA Takes Stand Against Hunter’s Med-Mal Claims
Nov 1 2004 // Actuary J. Robert Hunter has reportedly published another bogus analysis of the medical malpractice insurance industry, once again using one of his front groups, Americans for Insurance Reform (AIR), as the...
Anchor Claims Management Expands Client Base
Oct 28 2004 // Carrollton, Texas-based Anchor Anchor Claims Management Inc., (ACM), an affiliate of the Combined Independent Agencies, announced that it is expanding its client base to include certified self-insurers, and self-funded...
