Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Regulators Take Steps to Liquidate Company Serving Ala. Hospitals
May 7 2003 // Virginia insurance regulators informed Alabama Insurance Commissioner Walter Bell recently that they are taking steps to liquidate a company that provides liability coverage to 46 Alabama hospitals. The Virginia insurance...
STORMS RACK UP $1.2B IN CLAIMS
May 5 2003 // U.S. property/casualty insurers are expected to pay an estimated $1.2 billion for insured property-loss claims from winter storms and windstorms that pummeled 10 states in early April, according to preliminary estimates by...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Study Says D&O Liability Premiums Soar, Shareholder Claims Increase
May 5 2003 // On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
VA’s SCC Temporarily Stops Payments on ROA Claims
May 1 2003 // Virginia’s State Corporation Commission announced that it has temporarily stopped the payment of certain claims by Reciprocal of America (ROA) – a Virginia-domiciled reciprocal that was placed into receivership...
Facts and Findings about Windshields
May 1 2003 // Windshields are the number one insurance claim in the United States. Thirty percent of auto insurance claims are windshields. Edge cracks account for approximately 70-80% of these windshield replacement claims. Edge cracks...
Tillinghast Study Says D&O Liability Premiums Skyrocket as Shareholder Claims Increase
Apr 28 2003 // On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers...
ISO Says Insurers Will Pay $1.2B in Storm Claims in 10 States
Apr 25 2003 // U.S. property/casualty insurers are expected to pay policyholders an estimated $1.2 billion for insured property-loss claims from a winter storm and windstorm catastrophe that pummeled 10 states in early April, according...
Crawford & Co. Revenues Slide in 1st Quarter 2003
Apr 25 2003 // Crawford & Company announced its financial results for the first quarter ended March 31, 2003, noting that revenues before reimbursements totaled $167.3 million compared with $171.8 million in the 2002 first quarter....
Ariz. Man Indicted on Multiple Fraud Counts in Nev.
Apr 21 2003 // Nevada’s Clark County Grand Jury indicted Pavel Daniel Oprea, 37, on nine felony counts of insurance fraud including three counts each of the following: false application to insurer, false claim for insurance...
Managing Claims
Apr 21 2003 // In these days of sky-high premium rates a sales person needs an edge when trying to close a sale. Many firms are adding extra services to woo new clients and retain the existing ones as well. These ideas are great....
Solution to Growing Asbestos Crisis may be on the Way
Apr 21 2003 // The ‘elephantine mass of asbestos cases’ lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,'” wrote Justice Ruth...
Solution to Growing Asbestos Crisis May be on the Way
Apr 21 2003 // The ‘elephantine mass of asbestos cases lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,'” wrote Justice Ruth Bader...
Central Miss. Storms More Expensive Than Expected
Apr 17 2003 // Mississippi Insurance Commissioner George Dale announced that the recent storms that hit central Mississippi are turning out to be much more expensive than previously thought. Dale said preliminary numbers on the cost of...
United Agencies & Industrial Risk Services Form Alliance
Apr 16 2003 // Thomas E. Hays, chairman of the board for Pasadena, Calif.-based United Agencies, recently announced that United Agencies and John Kallas of Industrial Risk Services have formed a strategic alliance. United Agencies’...
Nationwide Reports Weekend Storm Claims May Top $62 Million
Apr 14 2003 // Nationwide Insurance reported today that it has received more than 14,500 claims from weekend hail and wind storms that swept through nine states, including Alabama, Illinois, Indiana, Michigan, Mississippi, New York,...
“Eliminating Old-Fashioned Phrases” Poster Aims at Improving Claims Correspondence
Apr 10 2003 // The Communication Workshop, a writing-consulting firm in the insurance industry, has published a new two-color 8 ½ “X11” poster on eliminating old-fashioned phrases. The poster offers substitutes for each of...
Progressive Steps Up Claims Service
Apr 9 2003 // Leading auto insurer Progressive Insurance Co., well known for its claims service, is now stepping up that service to the next level, according to a statement released by the company. The Mayfield Village, Ohio-based...
Alabama Announces Regulation Hearings
Apr 7 2003 // The Alabama Department of Insurance has scheduled regulation hearings for May 6 and May 21, 2003. The May 6 hearing will address the adoption of regulations concerning customer privacy and use of credit information....
