Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Report Europe’s Insurers Take Cautious Line on Blackout Claims
Aug 18 2003 // European Insurers are reportedly adopting a “wait and see” attitude concerning potential claims from the blackout that hit the Northeastern U.S. and parts of Canada last week. Both Reuters and Dow Jones...
GAINSCO Takes Loss for Q2, First Six Months
Aug 15 2003 // GAINSCO Inc., a property/casualty insurance holding company based in Dallas, announced losses in net income for the second quarter and first six months of 2003 but the company noted that the losses are significantly less...
Allianz Flood Claims Top $900 Million; Will Reduce BMW Stake
Aug 11 2003 // Germany’s Allianz announced that it has now processed nearly all of the claims from last summer’s floods in Germany and Eastern Europe, and has paid more than 805 million euros ($909.65). It also revealed plans...
Horace Mann Stops the Bleeding
Aug 6 2003 // Springfield, Ill.-based Horace Mann Educators Corp. reported net income of $2.1 million (5 cents per share) and $10.2 million (24 cents per share), respectively, for the three and six months ended June 30, 2003, compared...
ClaimIQ Releases V 2.0 of Decision Support Platform for P/C Claims Handling
Jul 29 2003 // ClaimIQ, a San Francisco-based provider of decision support solutions for Property-Casualty insurance carriers, announced the Version 2.0 release of InjuryIQ(TM), LiabilityIQ(TM), and VerityIQ(TM). ClaimIQ’s...
St. Paul Surety Claims Brings Earnings Down by $120 Million
Jul 28 2003 // The St. Paul Cos. advised today that the second-quarter 2003 earnings impact related to a surety exposure, with a total aggregate face amount of $120 million as previously described in a Report on Form 8-K filed on April...
1 in 3 Americans OK With Inflating Insurance Claims
Jul 25 2003 // One in three U.S. adults say that it is all right to exaggerate insurance claims under certain circumstances, according to a recent Insurance Research Council (IRC) survey. These respondents agreed that it is acceptable to...
Texas Commish Offers Claudette Claims Tips
Jul 23 2003 // Texas Insurance Commissioner Jose Montemayor offered Texans effected by Hurricane Claudette some basic, common sense steps to take, and mistakes to avoid, as they attempt to receive a prompt and fair settlement from their...
Calif. Commissioner Enjoined from Implementing Flawed Fair Claims Settlement Practices Regs
Jul 23 2003 // Three statewide insurance trade associations won a preliminary ruling today by the Superior Court of California enjoining the California Department of Insurance from implementing a new set of amendments to the Fair Claims...
BILL’S DAMAGES ‘MINIMAL’ IN LA.:
Jul 21 2003 // Louisiana Commissioner of Insurance Robert Wooley said preliminary estimates show Tropical Storm Bill caused around $16 million in insured damages in Louisiana. Included in that figure are federal flood insurance claims....
Fla. RRG Hopes to Address LTC Liability Crisis
Jul 21 2003 // With national and state efforts at altering medical liability rules once again failing to hurdle the predictable political roadblocks and the commercial insurance marketplace struggling to provide the coverages so many...
CNA Opens Center to Process Claudette Claims
Jul 21 2003 // The Chicago-based CNA insurance companies have opened a catastrophe operations center within its Dallas, Texas, branch office for policyholders who would like to submit claims relating to Hurricane Claudette. The...
Florida RRG Hopes to Address LTC Liability Crisis
Jul 21 2003 // With national and state efforts at altering medical liability rules once again failing to hurdle the predictable political roadblocks and the commercial insurance marketplace struggling to provide the coverages so many...
Water Losses Flood Calif. Homeowners’ Market, Study Says
Jul 17 2003 // The cost of household water damage in California continues to grow at an alarming rate, while the volume of insurance claims being filed for water damage is climbing modestly, a new study has found. Remediation and...
Claudette, Now a Tropical Depression, Claims Two Lives
Jul 17 2003 // Claudette, now classified by the National Hurricane Center as a tropical depression, has killed at least two people in Texas, according to the Associated Press. It also left several mid-coast communities without power. The...
N.J. Father & Son Charged With Fraud
Jul 16 2003 // New Jersey’s Attorney General Peter Harvey announced that a Bergen County father and son – the owner and office manager respectively of a Bergen County dental office – have been charged by the Division of...
Fla. WC Costs 18% Above Median in WCRI Study
Jul 15 2003 // Workers’ compensation costs per claim in Florida for all paid claims were higher than most states analyzed in a national study and growing at a double-digit rate, according to a new study by the Workers Compensation...
U.S. House Passage of OT Rules Reportedly Bodes Well for Insurers
Jul 14 2003 // Proposed Department of Labor regulations that were approved by the House of Representatives July 10 would reportedly clarify how employers determine who is exempt from overtime pay and should aid insurers, according to the...
WCRI Study Says Ga. Has Low WC Costs Per Claim but Higher Indemnity Costs
Jul 14 2003 // Workers’ compensation costs per claim in Georgia were low relative to costs in the other states analyzed in a national study by the Workers Compensation Research Institute (WCRI), although indemnity costs per claim...
Wooley: Bill’s Insured Damages Are Minimal
Jul 11 2003 // Louisiana Commissioner of Insurance Robert Wooley said preliminary estimates show Tropical Storm Bill caused around $16 million in insured damages in Louisiana. Included in that figure are federal flood insurance...
