Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
Consumer Group Claims NAMIC Study on Credit Scoring ‘Flip-Flops’ Earlier Positions
Jul 9 2004 // The consumer group, Center for Economic Justice (CEJ), released a statement in response to a National Association of Mutual Insurance Companies (NAMIC) study on credit scoring. CEJ’s Executive Director Birny Birnbaum...
ISO Unveils New COA Claims-Handling Solution
Jul 9 2004 // ISO has bolstered its ISO Claims Outcome Advisor (COA) with a workers’ compensation claims-handling solution. ISO’s new Workers’ Compensation COA solution addresses the rising costs of payments for lost...
ISO: Insurers to Pay Policyholders $1.65 Billion for Q2 CAT Claims
Jul 8 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...
Flood Bill Targets Repeat Claims:
Jul 5 2004 // Legislation heading for the President’s signature would begin to crack down on property owners who make repeated flood damage claims that sometimes far outstrip the value of the property. The new procedure, targeting...
CII, CILA Launch U.K. Claims Faculty
Jul 1 2004 // The U.K’s Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA) announced the launch of a new forum for the insurance industry’s 100,000-strong claims. The bulletin noted that...
WEST VIRGINIA WCBM PASSES PAIR OF RULES:
Jun 21 2004 // The Workers’ Compensation Board of Managers has approved two “historic” rules to regulate how self-insured companies will conduct business in West Virginia. Under Rule 18, the 127 active self-insured...
ALLSTATE STUDY WARNS ON COASTAL FLOODS:
Jun 21 2004 // Allstate Insurance Company said a study it conducted in 2003 identified more than 750,000 homes in coastal hurricane states that may not have flood insurance. The study looked at current Allstate homeowners insurance...
Gaining Wisdom Through Non-Subscription’s Choices and Challenges
Jun 21 2004 // Non-subscription. It’s been around for over 90 years, and has come into its own since the late 1980’s. We’ve seen that non-subscription provides Texas businesses with a choice that saved many employers...
Government to Pay Out Millions for WC Claims in Iraq
Jun 18 2004 // Mounting deaths and injuries to American civilian contractors in Iraq could cost the U.S. government millions of dollars for hundreds of workers’ compensation claims. U.S. law requires all government contractors and...
Colorado Hail Damage Approaches $150 Million
Jun 14 2004 // Based on the number of claims filed so far, the insurance industry estimates that the June 8-9 hailstorms that pummeled areas from Lakewood to Golden will result in nearly 48,000 claims totaling $146.5 million in insured...
S&P Report Highlights Threat of Silica Claims
Jun 11 2004 // Standard & Poor’s announced that it is “keeping a close eye on developments” in the area of silica exposure, as they “could produce the kinds of litigation and insurance problems that asbestos...
ADP Claims Services Group Launches First Full-Featured Web-Based Estimating Solution
Jun 8 2004 // ADP Claims Services Group, a provider of integrated business solutions for the property and casualty, collision repair and automotive recycling industries, announced the availability of ADP Estimating, the first...
Castek Licenses Claims Software to CGI
Jun 8 2004 // Castek Inc. is pleased to announce the completion of a licensing agreement with CGI Group Inc. (CGI). for Castek’s ClaimsPath claims management software as part of CGI’s claims loss adjustment business services...
FORT LAUDERDALE CLAIMS ASSOCIATION HOLDS JULY SEMINAR:
Jun 7 2004 // The Fort Lauderdale (Fla.) Claims Association will be conducting an all-day seminar on Wednesday, July 21, at the Fort Lauderdale Marriott North, 6650 North Andrews Avenue. The event will be held from 8 a.m. to 5 p.m....
The Broker–The Policyholder’s Advocate
Jun 7 2004 // Some large brokerage firms are under siege by New York Attorney General Eliott Spitzer as his investigation scrutinizes the legality of the longstanding practice of Placement Service Agreements (PSAs). This is really about...
Claims and Loss History Now Part of MI Rater
Jun 2 2004 // Eleva, Wis.-based MI-Assistant announced the incorporation of loss-history information from previous auto claims into the company’s rating program for agents to properly evaluate and rate auto insurance policies with...
Michigan Senate Takes Up Bill to Keep Insurers From Steering Claims
Jun 1 2004 // Auto insurers could not restrict policyholders from using the repair shop of their choice under legislation to be considered by the Michigan state Senate. Critics say some insurers currently send or direct claim holders to...
AIG Introduces “iClaims” — New Imaging Technology
May 28 2004 // The AIG Companies announced the implementation of “iClaims,” described as “a document management imaging technology that electronically scans and routes all claim documents to the appropriate specialist,...
AIA Hails Ohio’s ‘Landmark’ Asbestos and Silica Reforms
May 28 2004 // The Washington, D.C.-based insurer lobbyist American Insurance Association (AIA) praised the Ohio General Assembly’s passage of the first asbestos reform legislation in the country that helps “truly sick victim...
