Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
NAII Claims Utah Ruling Was Flawed
Nov 13 2001 // A Utah Supreme Court decision reinstating a $145-million punitive damages award against State Farm Mutual Automobile Insurance Co. in a bad-faith case also upheld “irrelevant” admission of evidence that...
D&O Liability: Executives Bear the Weight of Success or Failure
Nov 12 2001 // Directors and Officers liability, commonly known as D&O, is a complicated type of risk. While it covers corporate activities, a corporation is a legal person, as are the directors and officers...
Employers Realize Proper EPL Coverage is Part of Successful Business Equation
Nov 12 2001 // Employers and employees have more to think about than production, hours and paychecks these days. The Employment Practices Liability scene continues to draw major attention both in and outside of the courtrooms. Carrie...
The View from Up There-Insurers Embrace Space Age Technologies
Nov 12 2001 // The key witness in a recent crop fraud case turned out to be a camera. In June 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately...
WTC PROPERTY CLAIMS RISING
Nov 12 2001 // Property insurance claims from the Sept. 11 attacks are worth $16.6 billion and rising, according to the first estimate from the Insurance Services Office Inc.’s Property Claim Services unit. That would make the...
Suspicious Claims are ‘Pain in the…Neck’
Nov 12 2001 // Debra Rodriguez, 48, was arrested on four felony counts of insurance fraud while attending a pre-trial hearing at the Workers’ Compensation Appeals Board in Sacramento. Rodriguez was transported and booked into the...
Silverstein Claims Pair of Losses in WTC Disaster
Nov 12 2001 // The man who held the master lease on the World Trade Center is standing by his claim that the loss of the Twin Towers on Sept. 11 was two losses, not one, despite the call by insurer Swiss Re that there was only one loss...
Commentary: Purchasing Insurance for Mexico
Nov 12 2001 // Tourists, property owners and businesspersons who drive, own homes, or operate businesses or subsidiaries in Mexico need to properly protect their assets south of the border. It is ironic that most agents place insurance...
Are Your Files Defensible’ A Look at E&O Risks for Agents and Brokers
Nov 12 2001 // A short time ago, the Wall Street Journal ran an article on litigation, the caption of which read: “When all else fails, the American way is to file a lawsuit.” The article correctly pointed out that it has...
Ohio Director Sues New York-Based Company
Nov 8 2001 // Ohio Director of Insurance Lee Covington, acting in his capacity as liquidator of property and casualty insurer Credit General Insurance Company (CGIC), sued New York-based AmTrust Financial Group and its subsidiaries...
Silverstein Sues ACE, XL to Keep WTC Claims
Nov 6 2001 // Silverstein Properties, the master lease holder on the World Trade Center, has filed suit in Federal District Court against Bermuda-based ACE Ltd. and XL Capital in an effort to prevent their plans to begin arbitration...
Property Claims from WTC at $16.6 Billion and Rising
Nov 6 2001 // Property insurance claims from the Sept. 11 attacks are worth $16.6 billion and rising, according to the first estimate from the main U.S. claims tallying service. According to a Reuters report, that would make the...
Industry Pays First $10 Billion of Future Terror Claims in Latest Fed Plan
Nov 5 2001 // The Bush administration and Congressional leaders hammered out a new version of a plan to provide reinsurance assistance to the U.S. insurance industry in the wake of the September 11th terrorist attacks, although...
Are Your Files Defensible’
Nov 5 2001 // A short time ago the Wall Street Journal ran an article on litigation, the caption of which read: “When all else fails, the American way is to file a lawsuit.” The article correctly pointed out that it has...
Commentary: Purchasing Insurance for Mexico
Nov 5 2001 // Tourists, property owners and businesspersons who drive, own homes, or operate businesses or subsidiaries in Mexico need to properly protect their assets south of the border. It is ironic that most agents place insurance...
Employers Realize Proper EPL Coverage is Part of Successful Business Equation
Nov 5 2001 // Employers and employees have more to think about than production, hours and paychecks these days. The Employment Practices Liability scene continues to draw major attention both in and outside of the courtrooms. Carrie...
D&O Liability Insurance: A Complicated Risk
Nov 5 2001 // Directors and Officers liability, commonly known as D&O, is a complicated type of risk. While it covers corporate activities, a corporation is a legal person, as are the directors and officers...
NAII’S Golden Featured Speaker at Indoor Air Quality Conference on Mold
Oct 30 2001 // Removing the hype from the issue of mold and indoor air quality is like removing a source of moisture from mold spores. Without the hysteria surrounding this issue, the financial incentives that feed unscrupulous...
Ohio Insurance Dept. Appeals Court Ruling on Failed Companies
Oct 29 2001 // Ohio Department of Insurance (ODI) filed an appeal with the Ohio Supreme Court requesting a hearing on the department’s appeal of the Tenth District Ohio Court of Appeals’ ruling on the distribution of assets...
Time-Tested Lloyd’s Turns to Address U.S. Disaster Losses
Oct 29 2001 // Lloyd’s of London, the world’s oldest and most visible insurer, has set about dealing with the aftermath of the terrorist attacks of Sept. 11. Two weeks after the event, it released its projected net loss...
