Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
The Guaranty Fund System: A Vital Safety Net
Jul 22 2004 // Suzanne Sahakian Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and...
Rightfield Solutions Joins with Pa. Insurer in Fight Against Rising Med-Mal Claims
Jul 22 2004 // An agreement announced recently by executives with Professional Casualty Association (PCA), a provider of insurance coverage to physicians in Pennsylvania, and Rightfield Solutions LLC, developers of Emmi, Expectation...
Mass. Workers’ Comp Medical Costs Rise But Still Remain Among Lowest in WCRI Study
Jul 21 2004 // The average medical payment per claim for the care of injured workers in Massachusetts rose 13 percent in the most recent period studied, according to a new report by the Cambridge-based Workers Compensation Research...
EnPro, Equitas Reach Agreement on Asbestos Dispute
Jul 20 2004 // EnPro Industries of Charlotte, N.C., and London-based Equitas announced they have reached a comprehensive agreement to settle the current and future insurance claims of EnPro subsidiaries against certain underwriters at...
Safeco Posts Strong Profits in All Major P/C Segments
Jul 20 2004 // Seattle-based Safeco announced strong second-quarter results, reflecting the company’s solid underwriting and the competitive strength of its automated sales platform. In addition, weather-related catastrophe losses...
Medical Payments Per Claim Highest for Workers in La.
Jul 20 2004 // The average payment per claim for the medical care of injured workers in Louisiana was nearly one-third higher than typical of states examined in a study by Cambridge, Mass.-based Workers Compensation Research Institute...
Big Hammer, Small Nail: Small Contractors and Workers’ Comp
Jul 19 2004 // Some contractors are forgoing coverage altogether and sometimes find themselves shut down by state investigators enforcing rules on proper insurance protection. Small contractors struggling with workers’ compensation...
ISO: INSURERS TO PAY OUT $1.65 BILLION FOR Q2 CAT CLAIMS:
Jul 19 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.65 billion for insured property-loss claims from six catastrophes affecting 23 states in the second quarter, according to...
One-on-One with Montana State Fund President Laurence Hubbard
Jul 19 2004 // In recent months, Montana lawmakers have been discussing the state’s workers’ comp system, primarily the existence and function of the Montana State Fund. There has been talk of privatizing the Fund, or selling...
Chubb, National Grange, N.Y. Central Mutual and Sterling Top Performers in PIANY Annual Survey
Jul 19 2004 // Chubb Group, National Grange, New York Central Mutual and Sterling Insurance Co. ranked among the top performers out of 38 evaluated in the second annual company performance survey by the Professional Insurance Agents of...
Sanchez Joins Sedgwick CMS Executive Team
Jul 19 2004 // Memphis, Tenn.-based Sedgwick Claims Management Services Inc. (Sedgwick CMS) announced the appointment of Annette L. Sanchez as senior vice president and a member of the executive committee of the North American claims and...
Big Hammer, Small Nail: Small Contractors and Workers’ Comp
Jul 19 2004 // Some contractors are forgoing coverage altogether and sometimes find themselves shut down by state investigators enforcing rules on proper insurance protection. A small contractor today struggling with workers’...
The Guaranty Fund System: A Vital Safety Net
Jul 19 2004 // Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance...
Big Hammer, Small Nail: Small Contractors and Workers’ Comp
Jul 19 2004 // Some contractors are forgoing coverage altogether and sometimes find themselves shut down by state investigators enforcing rules on proper insurance protection. Small contractors struggling with workers’ compensation...
Big Hammer, Small Nail: Small Contractors and Workers’ Comp
Jul 19 2004 // Some contractors are forgoing coverage altogether and sometimes find themselves shut down by state investigators enforcing rules on proper insurance protection. Small contractors struggling with workers’ compensation...
Colorado Hailstorm Causes Over $28 Million in Damages
Jul 15 2004 // The Rocky Mountain Insurance Information Association estimates that a July 9th Colorado Springs hailstorm will result in more than 9,000 claims totaling $28.2 million in insured damage. This estimate includes approximately...
Losses Drive High Cost of Detroit Metro Auto Coverage, Insurance Lobby Says
Jul 14 2004 // Higher claims frequency and severity make it twice as expensive for insurers to offer full auto and homeowners coverage to residents in metropolitan Detroit than the state as a whole, according to a recent study conducted...
WCRI: Pennsylvania Workers’ Comp Medical Costs Per Claim Grow at Double-Digit Rate
Jul 14 2004 // The average medical payment for workers’ compensation claims in Pennsylvania rose nearly 14 percent during the most recent period studied, according to a new study by the Workers Compensation Research Institute...
Cybersettle to Assist in Claims Handling for CNA
Jul 13 2004 // Cybersettle, an online settlement company, has been selected by CNA, as its online settlement partner to assist with the quick resolution of commercial insurance claims. CNA’s insurance products include standard...
Sedgwick CMS to Oversee Claims for XL Insurance
Jul 12 2004 // Tennessee-based Sedgwick Claims Management Services Inc. (Sedgwick CMS) and XL Insurance (XL) have entered into an agreement whereby Sedgwick CMS will provide claims administration services on behalf of XL for selected...
