Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Vermont Looks to Heal Injured Workers’ Comp System
Feb 9 2004 // Workers’ compensation is the fast food of the insurance industry. Nobody notices it very much until there’s a case of indigestion, despite the important role it plays in the economy. As costs continue to...
PENN. WORKERS’ COMP CLAIMS COSTS:
Feb 9 2004 // Workers’ compensation costs per claim in Pennsylvania continue to grow, according to the Workers’ Compensation Research Institute (WCRI). A study by the Cambridge, Mass-based WCRI found that costs per claim...
N.Y. WC BOARD REPORTS SUCCESS:
Feb 9 2004 // The New York State Workers’ Compensation Board resolved 315,000 claims in 2003—almost three claims per minute—marking the third consecutive year that the board has reached the 300,000 resolution mark. Interim...
Workers Aren’t the Only Comp Cheats
Feb 9 2004 // Within the insurance industry—and even outside it—workers’ compensation fraud is typically associated with malingering employees who fake an injury in order to collect compensation and some paid...
California Workers’ Comp Costs Per Claim Continue Rapid Growth
Feb 9 2004 // California workers’ compensation costs per claim in California continue to grow rapidly, increasing 15 percent from 2000 through 2001 (as of 2002) and are accelerating, according to a new study from the Cambridge,...
Subrogation Outsourcing Offers Value, Greater Claims Recovery
Feb 9 2004 // How an insurance company handles the subrogation function impacts its value to policyholders and shareholders. While financial stability, underwriting expertise and breadth of coverage remain important, an insurer’s...
Three Years Later, Industry Puts Toxic Mold into Perspective
Feb 9 2004 // Whatever became of mold? Only three years ago, newspaper headlines, fueled by overzealous trial attorneys and misguided scientific information, trumpeted mold as “the next asbestos.” Since then, however, mold...
Valley Oak Systems Develops Data Interface for the PERI Data Exchange
Feb 6 2004 // Valley Oak Systems, Inc. (VOS), a national provider of claims management software, services and support, has completed development of a new data extraction tool that will streamline the submission of claims data to the...
Crawford Notes Q4 2003 Financial Numbers
Feb 3 2004 // Atlanta-based Crawford & Company announced its financial results for the fourth quarter ended Dec. 31, 2003. Fourth quarter 2003 revenues before reimbursements totaled $175.1 million compared with $173.7 million in...
NYC Controller to Use “Cybersettle®” to Resolve Claims/Lawsuits
Feb 3 2004 // New York City Comptroller William C. Thompson, Jr. announced that his office has embarked on an innovative demonstration project using Cybersettle, a computerized system to resolve claims and lawsuits filed against the...
Halliburton, Equitas Settle Asbestos Claims
Jan 29 2004 // Lloyd’s run-off vehicle, Equitas and Halliburton Company announced that they have reached a comprehensive agreement to settle Halliburton’s insurance claims against certain Underwriters at Lloyd’s for...
RSA to Dissolve S.D. Claims Operation
Jan 29 2004 // Due to corporate restructuring, Royal & SunAlliance has announced that they will dissolve their telephone claims operation of 55 employees in Milbank, S.D. A statement released by the South Dakota Governor’s...
Lloyd’s Expands Licensing Agreement with ISO for Underwriting and Claims Products
Jan 29 2004 // Lloyd’s has renewed its licensing agreement with Insurance Services Office, Inc. (ISO), which reportedly significantly expands the range of underwriting and claims products and services it can use in the U.S....
Aon: Hospital Pro Liability, Physician Benchmark Study Forecasts Continued Loss Cost Increase for the Year
Jan 28 2004 // The high trend of insurance rates experienced by hospital professionals and physicians over the past three years show no sign of slowing in 2004 as claims costs are increasing at a steady rate of 9.7 percent according to...
Former Claims Adjuster and Accomplices Arrested on Felony Grand Theft Charges
Jan 28 2004 // A former workers’ compensation claims adjuster and all eight of her alleged accomplices must now face felony grand theft charges after an investigation by the California Department of Insurance (CDI) Investigation...
Ala. Workers’ Comp Fund Would Reportedly Benefit from Assessment Increase
Jan 28 2004 // With the Alabama Insurance Guaranty Association (AIGA) facing unprecedented budgetary shortfalls, the state’s employers and injured workers could reportedly be left with unpaid claims in the event of insurer...
Zenith Adds Captiva’s ClaimPack to Capture WC Medical Bills
Jan 27 2004 // Captiva Software Corp., a provider of input management solutions, today announced that Zenith Insurance Company, a property and casualty insurance provider specializing in workers’ compensation and a wholly-owned...
D&O Liability Premiums Jump 33 Percent; Tillinghast Study Reports Hard Market is Stabilizing Despite Record Premiums
Jan 27 2004 // Directors and officers (D&O) liability insurance premiums grew approximately 33 percent on average from 2002 to 2003, according to the Tillinghast business of Towers Perrin’s 2003 Directors & Officers...
MICH. SUPREME COURT COULD BE NEXT BATTLEGROUND FOR MEDICAL MONITORING CLAIMS:
Jan 26 2004 // A litigation association formed by insurers has filed a friend of the court brief with the Michigan Supreme Court, urging it to hear an appeal that may determine whether claimants in Michigan can recover damages based on...
West Virginia Operating With Tort Reform Concerns
Jan 26 2004 // Like many other parts of the country, West Virginia is looking to answers to improve tort reform in the state. Recently, Insurance Journal Southeast spoke with Randy Cox, American Insurance Association West Virginia...
