Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
‘Solving Mold Contamination and Water Intrusion Claims’ Seminar Set for Oct. 26 in S.C.
Oct 4 2004 // Thomas McRoy Shelley III, an attorney with Rogers Townsend & Thomas PC will facilitate a Sterling Education Services Inc. seminar, Solving Mold Contamination and Water Intrusion Claims this month. The one-day seminar...
Hurricane-Related Claims Force American Superior Into Receivership
Oct 1 2004 // Florida state regulators have placed American Superior Insurance Co. into receivership (See Southeast News Sept. 29) after it became overwhelmed by homeowners claims. The small company with offices in Plantation, Fla., has...
XL Estimates Frances and Ivan Claims at $220 Million
Oct 1 2004 // Bermuda’s XL Capital Ltd. announced that, based on initial loss reports and preliminary estimates, it expects to receive net claims arising from Hurricanes Frances and Ivan of approximately $70 million and $150...
Fla. Official Urges Patience in Filing Insurance Claims
Oct 1 2004 // After preparing for recent hurricanes, then living through them, the last thing shell-shocked Osceola County, Fla. residents want is difficulty in filing claims with insurance or government agencies. Some homeowners are...
LDI Estimates Nearly $7.2M in Damages from Ivan
Sep 30 2004 // Louisiana Commissioner of Insurance Robert Wooley reported that the Louisiana Department of Insurance’s first estimate of Hurricane Ivan damage in Louisiana is $7,170,000.00, based on a survey of the major insurance...
Florida’s American Superior Consents to Rehabilitation
Sep 29 2004 // American Superior Insurance Company, an insurer that writes homeowners insurance coverage for nearly 60,000 Floridians, voluntarily consented on Wednesday to be put into rehabilitation in response to losses sustained by...
Fla. Debate: Will Storm Claims Lead to Higher Rates’
Sep 29 2004 // State and insurance industry officials agree that the quartet of storms that slammed into Florida will likely surpass Hurricane Andrew, the costliest natural disaster in U.S. history. Officials say the combined damage...
Florida Farm Bureau Uses Satellite Mapping to Speed Insurance Claims
Sep 29 2004 // With more than half of Florida’s 17 million residents directly affected by Hurricane Charley and Hurricane Frances, the Florida Farm Bureau (FFB) Insurance Companies is using geographic information system (GIS)...
WCIRB Monitors Immediate Medical Care Treatment Claims
Sep 29 2004 // On April 19, 2004, Senate Bill No. 899 (SB 899) was signed by the Governor into law. One of the key provisions of SB 899 amended Labor Code §5402 to provide that within one day of receiving an employee claim form, the...
