Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
NSI Settles Beaumont, Texas Asbestos Claims
Nov 14 2002 // National Service Industries announced that it has entered into an agreement in principle to settle a significant number of asbestos claims currently pending against the company in Jefferson County (Beaumont) and Orange...
Nationwide Estimates Storm Claims May Top $17.5 Million
Nov 14 2002 // Ohio-based Nationwide Insurance, the country’s fourth largest homeowners’ insurer, announced that it estimates that insured policyholder losses from last weekend’s tornadoes and hail storms could be more...
IRC Report Shows Falling Auto Accident Rates, Higher Injury Claim Rates
Nov 12 2002 // The frequency of auto accidents since 1980 has dropped by 16 percent. During the same time period, however, the frequency of auto injury claims rose 26 percent. These findings are revealed in a study recently released by...
Police Reports Now Available Via ISO’s All-Claims System
Nov 12 2002 // Insurance Services Office Inc. (ISO) now offers police reports as part of its public records offering on the ISO ClaimSearch® antifraud system. The enhancement of ISO ClaimSearch service includes access through its...
No Duty to Investigate Before Terminating Agent
Nov 11 2002 // In Texas Farm Bureau Mut. Ins. Co. v. Sears, the Texas Supreme Court addressed what duties an insurance company owes an independent agent when terminating an “at will” relationship. No. 01-0851 (Tex., Aug. 30,...
Asbestos Expert to Address ISOTech Conference Nov. 12
Nov 7 2002 // David Austern, president of Claims Resolution Management Corporation (CRMC), a pioneer in asbestos claims resolution, will discuss issues affecting the insurance industry regarding asbestos litigation Nov. 12 at the...
ISO Develops New Claim Diagnostic Service to Benchmark Insurers’ Claims Settlement Practices
Nov 7 2002 // Insurance Services Office, Inc. (ISO) has developed a new claim diagnostic service for liability and workers’ compensation insurance companies to benchmark companywide claims settlement practices and compare those...
Ballard Sues Farmers Over Accusations
Nov 6 2002 // Austin, Texas-based homeowner advocate, Melinda Ballard, announced she filed a lawsuit in Travis County District Court against Farmers Insurance (Farmers) and its paid spokesman for falsely accusing her of committing...
Ky. Supreme Court Rules on Parental Consortium Claims
Nov 5 2002 // The Kentucky Supreme Court unanimously ruled in Daley v. Reed recently that a claim for loss of parental companionship and services is payable under the “each person” limit, not the “each accident”...
Pa. JUA Offers Med-Mal Discount to Physicians with No Claims
Nov 4 2002 // Pennsylvania Insurance Commissioner M. Diane Koken announced that at the request of Gov. Mark Schweiker, the state insurance department has approved a filing by the Pennsylvania Professional Liability Joint Underwriting...
Indiana Cases Focus on ‘Diminished Value’ Claims
Oct 22 2002 // An Indiana resident has filed suit in Federal Court in Indianapolis against his insurance company, alleging that, although his car was repaired after an accident, he was unable to obtain a reasonable price for it, and...
ACE Announces Executive Appointments at AOG Division
Oct 17 2002 // Bermuda’s ACE Limited announced a series of executive appointments at ACE Overseas General (AOG). Roger Giddings has been named Sr. VP and Head of Offshore Energy Underwriting for the newly created ACE Global Energy...
New Mexico Judge Upholds Lloyd’s Claims Against “Names”
Oct 15 2002 // Judge Lorenzo Garcia of the U.S. District Court in Albuquerque New Mexico has upheld the ruling of a U.K. court in favor of Lloyd’s claims for a total of $2.8 million from six American investors, or...
Mo. Insurance Director to Hold Hearing on Increase in Med-Mal Costs
Oct 9 2002 // Missouri Department of Insurance Director Scott B. Lakin announced that he will hold a public hearing on Oct. 30 to examine why medical malpractice insurance rates for the state’s doctors are rising sharply despite...
I.I.I. Estimates $600M in Claims from Hurricane Lili
Oct 7 2002 // Estimates from the Insurance Information Institute (I.I.I.) say that U.S. insurers could pay $600 million in claims as a result of Hurricane Lili, which began its attack on the Gulf Coast last week, and has continued with...
NAII Calls Kansas Proposal on Third-Party Claims “Unnecessary, Illogical”
Oct 4 2002 // The NAII, in a letter to Kansas Insurance Commissioner Kathleen Sebelius, stated that proposed Kansas regulations requiring insurers to treat third-party property damage claims the same as first-party claims is...
First Report is Key to Workers’ Comp Claims
Oct 3 2002 // The key to managing workers’ compensation claims is getting a detailed and accurate first report of the accident and sticking with it. “The first report is the best report,” said Dan Schwartz, an attorney...
eAutoclaims’ Launches “Red Flag” Claims Tool
Oct 1 2002 // eAutoclaims Inc., based in Oldsmar, Fla., a provider of online claims management solutions through both an Application Service Provider (ASP) and outsourcing solutions services, unveiled a new claims auditing application,...
Travelers Unveils Electronic Claim Notification for Personal, Small Business Agencies
Oct 1 2002 // Travelers Property Casualty is now providing its independent agents with online, real-time information on the opening and closing of small business and personal claims. Electronic Claim Notification, or ECN, allows agents...
Insurance Journal Acquires Claims Guides Directories
Sep 30 2002 // Wells Publishing Inc., which has been publishing Insurance Journal for the past 79 years, has added Claims Guides to its list of publications. Claims Guides, which will be published in 37 different regions across the...
