Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Tillinghast-Towers Perrin Estimates Asbestos Claims at $200 Billion
Jun 13 2001 // Insurance consultants Tillinghast-Towers Perrin have released figures contained in a report which estimate that ultimately claims from asbestos will reach $200 billion. One of the most significant findings concluded that...
Oregon Supreme Court Quashes Exclusive Workers’ Comp Remedy
Jun 11 2001 // In the multi-decade card game that is the Oregon workers’ compensation system, the state Supreme Court trumped the Legislature (and employers) by issuing a unanimous decision that erodes the exclusive remedy...
Article 21.55: Reason Prevails
Jun 4 2001 // For a generation, or so, courts around the country have thought that contract law was insufficient to regulate the claims conduct of insurance companies. Consequently, the common law of insurer bad faith has been created....
eAutoclaims Pens Contract with Commerce West Insurance Co.
May 31 2001 // eAutoclaims has signed a long-term contract with Pleasanton, Calif.-based Commerce West Insurance Company where it will provide its “bricks to clicks” Internet Claims System as an online claims management...
Md. Governor Signs AIA’s Workers’ Comp Bill
May 24 2001 // The American Insurance Association (AIA) reported that legislation allowing undisputed workers’ compensation claims to be handled out-of-state was signed recently by Governor Parris Glendening (D). SB 592, which was...
Study Regards Software Solutions for Farmers Alliance Claims Processing Department
May 24 2001 // Farmers Alliance Mutual Insurance Company and AcroSoft Corporation have reached a definitive agreement that will allow AcroSoft to conduct a Business Needs Analysis (BNA) starting in the Claims Processing Department. The...
European Insurer Hit with Lawsuit Regarding Holocaust Claims
May 22 2001 // A lawsuit filed last week in Los Angeles Superior Court on behalf of an 89-year-old Holocaust-era survivor, Felicia Spirer Haberfeld of Los Angeles, alleges that the European insurer Assicurazioni Generali is sending...
A.M. Best Report: Asbestos Claims Surge Set to Dampen Earnings
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
Employers Ins. Co. of Nevada Selects HNC Software for Workers’ Comp Claims
May 21 2001 // A bill by Assemblyman Thomas M. Calderon (D-Montebello) that would prohibit insurance carriers from refusing to issue or renew an auto insurance policy based solely on an individual’s credit rating was approved by...
Study Says Insurers Can Reduce Claims Settlement Costs Up to 15%
May 10 2001 // Percent According to a recent report entitled “Unlocking the Value in Claims,” by Accenture, a provider of management and technology consulting services and solutions, innovative technology and workforce...
ProcessClaims Implemented by Professional Claims Services Inc.
May 10 2001 // Poway, Calif.-based ProcessClaims, a web-based claims solutions provider, announced successful implementation with Professional Claims Services Inc. (PCS) to use ProcessClaims’ Internet claims services. PCS is a...
Equitas To Toughen Line on Asbestos Claims
May 8 2001 // Equitas, the reinsurance vehicle set up by Lloyd’s to cover the potentially huge liabilities for environmental and asbestos claims, reacted to recent estimates of increasingly large losses from damages due to...
Study Reveals Rising Impact of Asbestos Claims on Insurers
May 8 2001 // According to study released by A.M. Best, property/casualty insurers may end up paying an additional $43.4 billion in asbestos claims over the next 20 years. Added to the $21.6 billion already paid for such claims, that...
NY LIFE SETTLES ARMENIAN CLAIMS
Apr 23 2001 // New York Life Insurance Company reached an agreement with plaintiff’s attorneys under which the company will pay all valid claims relating to policies purchased in the Ottoman Empire before 1915. Pending final court...
IRC Reports Increase in Losses in NY No-Fault Auto Claims
Apr 21 2001 // According to a new study by the Insurance Research Council (IRC), a division of the American Institute for CPCU and the Insurance Institute of America, losses in Personal Injury Protection (PIP) claims rose by 79 percent...
Damage Claims Reach 38,000 After Missouri Hailstorm
Apr 20 2001 // Due to the last week’s hailstorm, the five largest auto-insurance companies in Missouri have received more than 38,000 claims of storm damage to cars in the St. Louis area alone. According to the St. Louis...
New York Life Settles Armenian Claims
Apr 13 2001 // New York Life Insurance Company has agreed in principle with plaintiff’s attorneys wherein the company has agreed to pay all valid claims in relation to Armenian policies written by the company in the Ottoman Empire...
NEW WARNING FROM CLAIMS DIRECT
Apr 9 2001 // Claims Direct, the U.K. company that handles accident victims compensation claims online, issued a new profit warning on March 28, estimating that it would have pretax losses of $28.65 million. The company is still...
Insurers Pay Millions for Wisconsin Ice Damage
Apr 2 2001 // American Family Insurance has paid $21.5 million in ice dam-related homeowner claims this spring, mostly around Milwaukee and Madison, a company official told the Milwaukee Journal Sentinel. That amount represents 15,500...
Artificial Intelligence Technology Transforms Software Solutions
Apr 2 2001 // For many people not directly involved in the development of software for the insurance industry, any discussion of new technology can rapidly swell into a serious information overload. Compounding this problem is the...
