Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
RemedyTemp to Fight Calif. Workers’ Comp Case Decision Following Appeal Court Ruling
Oct 21 2004 // RemedyTemp Inc., which operates as Remedy Intelligent Staffing and RemX Specialty Staffing, said it will ask the California Supreme Court to review the ruling by a California Court of Appeal panel that the insurers that...
Fla. CFO Requests Deadlines Be Set for Insurers to Handle Storm Claims
Oct 21 2004 // Florida’s Chief Financial Officer Tom Gallagher on Thursday asked state regulators to develop an emergency rule directing insurance companies to speed up their efforts to resolve hurricane claims, and setting...
Evaluating Overcharges: Should Your Company Pursue Claims Against Brokers and Carriers’
Oct 20 2004 // Editor’s note: This is a commentary piece submitted by David E. Wood of the law firm Wood & Bender. The recent suit by New York Attorney General Eliot Spitzer alleging price-fixing and deceptive practices by...
Argonaut Unveils Hurricane Claims Exposure
Oct 20 2004 // San Antonio-based Argonaut Group Inc. has reported that, based on claims information currently available, the combined effect of Hurricanes Charley, Frances, Ivan and Jeanne is estimated to result in pre-tax losses, net of...
Pa. Insurers Cleared of Murder Spree Claims
Oct 19 2004 // Two insurance companies are not obligated to pay claims for a shooting rampage that left five people dead and another critically injured four years ago near Pittsburgh, a Superior Court panel recently ruled. The ruling...
ZFS Says Net Hurricane Claims Around $400 Million
Oct 19 2004 // Zurich Financial Services Group announced that it expects aggregate claims payments related to the four recent Atlantic hurricanes to be approximately $525 million before tax and net of reinsurance. “This corresponds...
GAB Robins to Provide Workers’ Comp Claims Services for Folksamerica
Oct 19 2004 // GAB Robins, an international claims services firm, has been selected to provide workers’ compensation claims services for Folksamerica Holding Company Inc. in nine western and mid-western states. GAB Robins has...
N.J. AG Notes Racketeering Convictions of Pair in Multi-Million Dollar Staged Accident Conspiracy
Oct 16 2004 // New Jersey Attorney General Peter Harvey announced that a Union County man and a Middlesex County man were convicted this week of racketeering, conspiracy, Health Care Claims Fraud and theft for their roles in a...
Insurers to Pay $6B on Claims for Hurricane Ivan
Oct 15 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6 billion for insured property losses from Hurricane Ivan, according to ISO’s Property Claim Services (PCS) unit. Hurricane...
Ins. Rates for Hospital Professionals, Physicians May Slow in 2005
Oct 13 2004 // The trend of high insurance rates experienced by hospital professionals and physicians over the past three years shows signs of slowing in 2005, according to a study released today by Aon risk services experts. Aon’s...
Competitive Technologies Makes Claims Agreement with N.J.’s Federal Insurance Co.
Oct 13 2004 // Competitive Technologies Inc. has confirmed that Federal Insurance Company (Federal) of Warren, New Jersey has agreed to settle the litigation brought by CTT concerning CTT’s directors’ and officers’...
Specialty Risk Services Brings Claims Experience to Texas WC System
Oct 13 2004 // Employers opting out of the Texas Workers’ Compensation system now have a new ally in the ongoing battle to manage rising loss costs. Specialty Risk Services, LLC (SRS) is bringing its claim management expertise to...
Safeco Estimates 3Q Catastrophe Losses
Oct 12 2004 // Seattle-based Safeco announced that its aggregate pretax catastrophe losses for the third quarter are estimated at $195 million. The estimated effect on third-quarter net income is $127 million after tax, or $0.96 per...
Going Paperless — Is it for the Independent Agency’
Oct 11 2004 // Many independent insurance agents and brokers are used to the concept of “paperless processing” since most of the insurance companies they represent utilize imaging and content management technology. For these...
Storm Losses Lead Florida Regulators to Take Over American Superior
Oct 11 2004 // State regulators have placed American Superior Insurance Co. into receivership because it was overwhelmed by homeowners claims. The small company, with offices in Plantation, Fla., has about 60,000 policyholders. The state...
Swiss Re Estimates Hurricane Jeanne Claims at Around $150 Million
Oct 7 2004 // Swiss Re announced that, based on current estimates, it expects claims related to Hurricane Jeanne to be approximately $150 million before tax. The bulletin noted that Jeanne was the “fourth hurricane to make...
Malpractice Claims Drop in Okla. a Year After Reforms
Oct 7 2004 // Reforms to Oklahoma’s civil justice system passed last year have contributed to a drop in medical malpractice cases, officials say. “Our claims have gone down as dramatically, if not more dramatically, than...
Alfa Corp. Reports on Ivan Losses
Oct 7 2004 // Alabama-based The Alfa Insurance Group and Alfa Corporation have commented on the effects of Hurricane Ivan. Alfa’s Chairman, President and CEO, Jerry Newby, noted, “Hurricane Ivan had a significant impact on...
Endurance Estimates Hurricane Claims at $115 Million
Oct 5 2004 // Bermuda-based Endurance Specialty Holdings Ltd. reported that estimated aggregate potential claims from hurricanes Charley, Frances, Ivan, and Jeanne, net of reinsurance recoverables, reinstatement premiums, and taxes, is...
Hurricanes Insurance Claims Expected to Exceed $22 B
Oct 4 2004 // Thanks to Charley, Frances, Ivan, and Jeanne, insurance claim payments are expected to exceed $22 billion, far surpassing the claims for hurricane Andrew in 1992, which totaled $15.5 billion. According to the Insurance...
