Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
S&P Reports First Half Results in Japan’s P/C Sector Show Companies Still Under Pressure
Nov 30 2004 // Standard & Poor’s Ratings Services has issued a report noting that Japanese non-life insurance companies recently released results of for the first half of fiscal 2004, which indicate that underwriting...
TWCC Revises Notice of Injury and Claim Forms
Nov 30 2004 // The Texas Workers’ Compensation Commission announced that as a part of the agency’s ongoing Business Process Improvement initiative, an online application for filing a Notice of Injury or Occupational Disease...
Study Finds Medical Costs Driving Up Auto Injury Claims
Nov 30 2004 // A new study by the Insurance Research Council (IRC) finds that claimed losses for auto injuries have escalated at vastly different rates across four states with no-fault auto insurance regulations. From 1997 to 2002, the...
EnPro Industries, Insurers Settle Asbestos Dispute
Nov 30 2004 // EnPro Industries on Tuesday announced that it has reached an agreement to settle the current and future asbestos-related insurance claims of EnPro subsidiaries against the vast majority of its solvent London-market...
Restaurants ‘Slipping and Tripping’ into Financial Disaster
Nov 29 2004 // Restaurant Insurance Corp. (RIC) a Greenwood Village, Colo.-based specialty insurance company, released findings from a study of claims filed by its insured restaurants since 2002 showing that slips, trips, and falls by...
Insurers Sue Spokane Diocese to Avoid Victims’ Claims
Nov 29 2004 // Less than two weeks before the Catholic Diocese of Spokane is due to file for bankruptcy protection, its insurance carriers are suing to avoid paying victims’ sexual-abuse claims. The American Casualty Co., the...
AIG Specialty WC Expands Web site Capabilities
Nov 29 2004 // AIG Specialty Workers’ Compensation, a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), announced the expansion of its “Partners in Productivity”...
FEMA Paid $28M Bogus Claims in Dade County, Fla.
Nov 24 2004 // The Florida Legislature has asked for an investigation on $28 million in illicit insurance claims paid for damage done by Hurricane Frances in Miami and Dade County, an area barely touched by the hurricane. U.S. Rep. Clay...
Suspects in “Paper Collision” Insurance Fraud Ring Still at Large
Nov 24 2004 // 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...
Average Cost of Household Water Damage Still Climbing Despite Drop in Claims
Nov 23 2004 // It may be sunny outside, but water continues to cause nearly a half-billion dollars of insured damage inside California homes each year. A continuing study by the Insurance Information Network of California (IINC) found...
Arrests Net Miami Clinic Owner, ‘Patients’ On Insurance Fraud Charges
Nov 23 2004 // A dozen individuals suspected of organizing or participating in staged crashes and filing false insurance claims were arrested today in Miami by insurance fraud investigators with the Department of Financial Services on...
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...
