Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
$6M in Underpaid Claims Recovered in Oklahoma
Jan 26 2004 // Oklahoma Insurance Commissioner Carroll Fisher announced that his agency recovered more than $6 million in underpaid insurance claims for Oklahoma consumers during 2003. The Consumer Assistance/Claims Division of the...
PCI to Testify at Md. Hurricane Claims Briefing
Jan 26 2004 // The Property and Casualty Insurers Association of America and two of its member companies are scheduled to testify at Tuesday’s legislative briefing in Maryland on insurance aspects related to Hurricane Isabel. PCI...
Arrowhead Claims and Pacific Claims Form American Claims Management
Jan 26 2004 // Kevin McDonald, President and CEO of Arrowhead Claims Management, based in San Diego, announced today the acquisition of Pacific Claims Service and the retention of its partners, Dan Price and Dave Gwin, both of San...
PartnerRe Reports Claims from its Exposure to Algerian Gas Plant Explosion to Range Between $27-30 Million
Jan 23 2004 // Bermuda-based PartnerRe Ltd. announced that claims relating to its net exposure to an explosion at Algeria’s largest LNG (liquefied natural gas) plant earlier this week are expected to approximate $27-30 million. The...
Texas Ranks High in Workers’ Comp Costs per Claim
Jan 23 2004 // Workers’ compensation costs per claim in Texas increased at double-digit rates for the third consecutive year, according to a new study by the Workers Compensation Research Institute. Workers’ compensation...
Royal & SunAlliance Dissolves Telephone Claims Operations in South Dakota
Jan 23 2004 // Due to corporate restructuring, Royal & SunAlliance has announced that they will dissolve their telephone claims operation of 55 claim professionals in Milbank SD. Located just 3 hours west of Minneapolis MN in a...
