Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Partner Re Reports Claims from European Flooding Could Approach $100M
Aug 19 2002 // Bermuda-based PartnerRe Ltd. reports that claims from its exposures to flooding currently impacting Europe are expected to approximate $100 million. Over the past week, heavy rainfall has flooded much of eastern and...
Fitch Report Estimates Billions in Continued Asbestos Costs
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Webs for the Unwary: The Perils of Internet Marketing
Aug 19 2002 // The World Wide Web—touted as the greatest communication development of all time—has also become the world’s biggest catalog. Along with the use of the Internet for marketing, have come new torts, and a new body...
European Insurers Expect Millions of Euros in Flood Claims
Aug 16 2002 // Many European insurers expect claims totaling millions of euros as flooding that has heavily damaged areas of the Czech Republic and Austria now threaten eastern Germany. Reuters reports that several European...
Calif.’s DIR Opposes Injured Workers Settling Claims in Bankruptcy Court
Aug 15 2002 // The California Department of Industrial Relations (DIR) and its Office of Self Insurance Plans (SIP) is reportedly opposing the bankrupt Henry Mayo Hospital’s reported attempt to force injured workers to resolve...
McDermott Shares Rise Following Tentative Agreement on Asbestos Claims
Aug 9 2002 // New Orleans-based McDermott International Inc. shares climbed Aug. 8 following the company’s announcement of a tentative agreement to assign the entire portion of its equity in the Babcock & Wilcox unit to...
ISO Adds to All-Claims Fraud Database with Direct Access to Records
Aug 7 2002 // Insurance Services Office, Inc. (ISO) has expanded the ISO ClaimSearch® anti-fraud system to provide access to the broadest range of criminal and civil records searches available today. The enhancement of ISO ClaimSearch...
New Fitch Report Estimates Billions in Asbestos Liability Costs
Aug 5 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Top Three Texas Residential Insurers Under Investigation
Aug 5 2002 // Responding to moves by Farmers Insurance Company to further restrict coverages in homeowners policies it will write in the state, Insurance Commissioner Jose Montemayor expanded the state insurance department’s...
TWCC LAUNCHES ONLINE SYSTEM
Aug 5 2002 // The Texas Workers’ Compensation Commission (TWCC) unveiled a new online tool, the Online Occupational Injury Custom Reports System. The Web-enabled database system allows safety and health professionals, insurance...
ISO Estimates Insurers to Pay $2B for Second-Quarter Claims
Jul 29 2002 // Insurers are expected to pay $1.97 billion to homeowners and businesses for insured-property losses from 10 catastrophe events in the second quarter of this year, according to preliminary estimates by the Insurance...
TWCC Launches Online Injury Report System
Jul 26 2002 // The Texas Workers’ Compensation Commission (TWCC) has unveiled a new online tool, the Online Occupational Injury Custom Reports System, to assist safety and health professionals, insurance carriers, and other...
RTW Inc. Reports Profitable 2ndQ
Jul 26 2002 // Minnesota-based RTW, Inc., a provider of products and services for cost-effective management of workers’ compensation programs, reported net income for the second quarter ended June 30, 2002, of $323,000, or $0.03...
Ala. to Hold Regulation Hearings
Jul 26 2002 // The Alabama insurance commissioner will hold hearings at the state department of insurance, 201 Monroe Street, suite 1700, Montgomery, Alabama, on Aug. 14. Issues to be discussed include: • Revision of Regulation No. 106...
Horace Mann Restructuring P/C Claims Operations
Jul 25 2002 // Horace Mann Educators Corporation is restructuring its property and casualty claims operations. The company expects to realize operating and cost efficiencies and also improve customer service by consolidating claims...
AMCOMP Council Issues 9/11 Workers’ Comp Mental Stress Claims Report
Jul 25 2002 // In the wake of the Sept. 11 attack on the World Trade Center in New York City, the American Society of Workers Comp Professionals Inc. (AMCOMP) assembled the Workers’ Compensation Mental Stress Council to study the...
I.I.I. President Says Mold Reaching Crisis Proportions in Texas
Jul 22 2002 // Gordon Stewart, president of the Insurance Information Institute (I.I.I.), said in Congressional testimony July 18 that mold has become a major factor in rising homeowners costs, reaching crisis proportions in Texas, and a...
Trio Arrested in Claims Payment Scheme
Jul 22 2002 // The California Department of Insurance (CDI) arrested three northern California residents on multiple counts. Patricia Anne Okuniewicz, 40, of San Jose, surrendered on 10 counts of insurance fraud, one count of...
Trio Arrested in Claims Payment Scheme
Jul 22 2002 // The California Department of Insurance (CDI) arrested three northern California residents on multiple counts. Patricia Anne Okuniewicz, 40, of San Jose, surrendered on 10 counts of insurance fraud, one count of...
FINEOS Releases New Claims Management System for P/C Sector
Jul 19 2002 // FINEOS Corporation of Dublin, Ireland, has released FINEOS Claims Management for the property/casualty insurance sector. The system provides insurance companies with a central application for effectively managing personal...
