Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
IIABA Joins Asbestos Alliance
Jul 18 2002 // The Independent Insurance Agents & Brokers of America (IIABA) has joined the Asbestos Alliance, a coalition of businesses, associations and other groups advocating a fair solution to the growing asbestos-litigation...
Selective Group Unveils Pilot of New Claims Service Center
Jul 18 2002 // New Jersey-based Selective Insurance Group, Inc. has announced plans for a new “24×7” Claims Service Center in 2002—a value-added option for Selective’s independent agents and their customers. The...
First Notice Systems, ptc-NET Form Alliance for Streamlining Property Claims
Jul 16 2002 // First Notice Systems, a provider in claim reporting solutions to the industry, and Alacrity Services’ ptc-NET managed contractor network, a structural loss estimating service and direct repair program, have formed a...
Scor Won’t Increase WTC, U.S. Claims Reserves
Jul 16 2002 // French reinsurer Scor has no plans to pump up its existing reserves to pay for World Trade Center or U.S. liability reinsurance claims, according to Reuters. The news organization reported that Scor CEO Jacques Blondeau...
Texas Mobile Home Claims Rise after Flooding
Jul 16 2002 // Foremost Insurance Co., a Michigan-based insurer providing mobile home coverage, announced a gradual increase in claims in the wake of recent flooding in Texas. A.M. Best reports that the company has so far received 270...
Claims Direct Calls in the Administrators, Shares Suspended
Jul 12 2002 // Claims Direct, the troubled U.K. personal injury compensation settlement company, opted to go into voluntary administration (a procedure similar to a Chapter 11 filing in the U.S.), after failing to raise enough additional...
India’s WNS Acquires U.K. Claims Management Service Co.
Jul 10 2002 // India’s WNS (Holding) Ltd., one of a number of companies on the sub-continent which specialize in providing back office services, will acquire the U.K.’s Town & Country Assistance, an insurance claims...
Ariz. Director of Ins. Visits Claims Facilities in Wildfire Area
Jul 9 2002 // Arizona’s director of insurance, Charles Cohen, recently visited Show Low, Ariz. to inspect the on-site catastrophe claims facilities of the four largest homeowner and auto insurers in Arizona: State Farm, Farmers,...
After the Mold Rush: Montemayor Looks at Future of Texas Markets
Jul 8 2002 // Considering Texas has one of the most difficult insurance markets in the country right now, Insurance Commissioner Jose Montemayor comes across not at all as one might expect—an embattled public official scrambling to...
Can Politicians Put the Homeowners Market Back Together Again’
Jun 24 2002 // As what could become one of the most competitive election seasons in recent Texas history takes shape, it should come as no surprise that the homeowners crisis affecting consumers virtually statewide has taken on prime...
Insurers Look to Wipe Clean Toxic Mold Claims
Jun 24 2002 // For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a...
A Preliminary Take on Mold Coverage
Jun 24 2002 // Mold. Stachybotrys. The stuff of broken refrigerators and the aftermath of floods is now the scourge of insurance companies. In the humid South, the epidemic of claims has led to actions by carriers and regulators similar...
Can Politicians Put the Homeowners Market Back Together Again’
Jun 24 2002 // As what could become one of the most competitive election seasons in recent Texas history takes shape, it should come as no surprise that the homeowners crisis affecting consumers virtually statewide has taken on prime...
Sound Science, Not Lawsuits, Will Solve Mold Dilemma
Jun 24 2002 // Almost daily, media outlets around the country run stories on people getting sick or abandoning their homes because of mold. Schools, fire stations, court houses, private homes – any kind of building is seemingly at...
Equitas Reports Small Surplus Decline, Increase in Solvency Margin
Jun 21 2002 // Equitas, the Lloyd’s vehicle set up in 1992 to run off asbestos and environmental claims from prior years, reported a slight drop in its overall surplus of £21 million ($ 31.4 million) to £679 million...
PID Seeks Bidders for Med Mal Claims Administration
Jun 12 2002 // The Pennsylvania Insurance Department (PID) is seeking bidders to provide claims administration services to the Pennsylvania Medical Liability Catastrophic Loss Fund (CAT Fund) and the Medical Care Availability and...
Fake Stucco, Real Trouble: EIFS-Related Claims Constrict CGL Markets
Jun 11 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
Marshall and Swift/Boeckh Unveils Interactive Training Tool For Claims Estimating
Jun 10 2002 // Marshall and Swift / Boeckh (MS/B) of New Berlin, Wis., a provider of building cost data and estimating technology for the property and casualty insurance industry, announced the launch of a new service, IntegriClaim™...
$2.7 Billion PPG Asbestos Settlement Puts New Pressure on Insurers
Jun 10 2002 // A year ago insurance consultants Tillinghast-Towers Perrin published a report that global claims settlements and jury verdicts in asbestos related cases could reach $200 billion from over a million claims “before...
WTC Claims Dispute Spills Over
Jun 10 2002 // The legal dispute between Swiss Re and Silverstein Properties, over whether the destruction of the twin towers of the World Trade Center constituted one occurrence or two, has spilled over to involve the Willis group, the...
