Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
MDI: 2002 Med-Mal Payments Didn’t Keep Pace With Injuries
Dec 11 2003 // Severity of patient injuries reached an all-time high for medical malpractice payments in 2002, but victim awards have not kept pace with inflation and increasing disabilities, the Missouri Department of Insurance said in...
Equitas Summarizes 6 Month Results, Comments on Asbestos
Dec 5 2003 // Equitas, the Lloyd’s vehicle established to run-off liabilities incurred prior to 1992, has released a summary of its financial results for the six-month period ended Sept. 30, 2003. It makes a full report only at...
LewisCo Taps Regional VP of Business Development
Dec 4 2003 // Deerfield, Ill.-based LewisCo Group, a national provider of specialized resources for disability, absence and productivity management for insurers and employers, announced that Jack Stone joined the company as regional...
N.J. Man Charged with Workers’ Comp Fraud
Dec 4 2003 // Vaughn McKoy, Director, Division of Criminal Justice, announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has charged a Camden County, New Jersey man with attempted theft, Health...
Platinum Names Industry Vet as Broadspire CEO
Dec 3 2003 // Platinum Equity LLC has named Dennis Replogle president and CEO of Broadspire, formerly Kemper Services. Replogle led a significant development effort at Specialty Risk Services, a subsidiary of the Hartford Financial...
SIAA Claims More Than Just Aggregation
Dec 1 2003 // At first blush, the Strategic Independent Agents Alliance may look like just one more short-term solution to the increasing shift in the balance of power toward insurance carriers away from independent agents. Commissions...
SIAA Claims More Than Just Aggregation
Dec 1 2003 // At first blush, the Strategic Independent Agents Alliance may look like just one more short-term solution to the increasing shift in the balance of power toward insurance carriers away from independent agents. ommissions...
California Wildfire Claims Reach 12,700
Nov 28 2003 // According to recent reports, insurers have received more than 12,700 claims relating to the California wildfires. Losses from the fires that ravaged Southern California in October are now estimated to approach close to...
ISO Claims DataBase Provides Enterprisewide Search Solution to U.S. Treasury’s OFAC Watch List
Nov 20 2003 // Insurance Services Office, Inc. (ISO) has expanded its suite of compliance products to help insurers and other businesses comply with the requirements of the U.S. Treasury’s Office of Foreign Assets Control...
V Unveils Call Center Solution for Detecting Fraudulent Workers’ Comp and Car Claims
Nov 20 2003 // V, a provider of layered voice analysis technology (LVA) in North America and markets throughout the world, announced at the National Workers’ Compensation and Disability Conference this week, immediate availability...
Deloitte Survey Says 80% of Insurance Execs Report Industry is Overdependent on Investment Returns
Nov 18 2003 // After years of low interest rates and volatility in the equity markets, senior insurance company executives are reportedly shifting their focus from asset management back to insurance basics. A new survey by the global...
NACE 2003 Set for Orlando Dec. 4-7
Nov 18 2003 // NACE 2003 is returning to sunny Florida this Dec. 4-7 for the 21st annual World’s Collision Repair Event. Speakers, networking with fellow professionals and industry experts, shopping today’s top products and...
Former N.J. Chiropractor Pleads Guilty to Health Care Claims Fraud
Nov 13 2003 // New Jersey Attorney General Peter Harvey announced that a former Bergen County chiropractor previously convicted of insurance fraud has pleaded guilty to additional charges, including Health Care Claims Fraud for...
CEI Selects ADP’s Web-Based Management Application
Nov 7 2003 // ADP Claims Services Group, a provider of integrated business solutions for the property and casualty, collision repair and automotive recycling industries, announced an agreement with The CEI Group Inc. (CEI), a provider...
Panel Says Attracting Private Specialty Carriers to Calif. Will Stabilize WC Crisis
Nov 6 2003 // The California workers’ compensation system is broken with employers under immense financial strain due to continually rising premiums and employees feeling their legitimate claims being tarnished by the increasing...
Calif. Commissioner Allows Insurers to Expand Use of Adjusters for Wildfire Claims
Nov 6 2003 // Calif. Insurance Commissioner John Garamendi released the following statement declaring an Emergency Situation in Southern California due to the wildfires: “Due to the unprecedented destruction caused by Southern...
N.J. Couple Sentenced as Part of $500,000 Fraud Scam
Nov 4 2003 // New Jersey Attorney General Peter Harvey announced that a Camden County husband and wife charged as part of a multiple-defendant insurance fraud scam have been ordered to repay an insurance company more than $25,000 for...
Southern California Wildfires Ravage Hundreds of Homes, Property
Nov 3 2003 // Hundreds of homes in Southern California blazed recently as firefighters worked round the clock to contain the out- of-control wildfires that plagued parts of San Bernardino, San Diego, Ventura, and Los Angeles counties....
WTC CLAIMS WAR OF WORDS CONTINUES AS GOV. SEEKS SETTLEMENT:
Nov 3 2003 // Despite the earnest efforts of New York’s governor George Pataki to find a quick solution to the dispute between Silverstein Properties and Swiss Re over the amount to be paid for the destruction of the World Trade...
Professional Liability/E&O Here Today, Gone Tomorrow
Nov 3 2003 // Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon. These days, the professional...
