Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Insurers Fight Hollywood Claims Over “Gap Financing” for Movies
Jul 24 2000 // As most people with experience in the movie industry could tell you, it’s an easy way to lose a lot of money. That may happen to several insurance companies, notably France’s AXA, if they lose the lawsuits that...
Working Hard, Hardly Working
Jul 24 2000 // William Elmer Carson of Fresno was recently arrested on insurance fraud charges. CDI fraud investigators discovered that the 54-year-old man had exaggerated his medical condition to his treating physician and...
Equitas Pays $3.23 Billion in First Quarter Claims
Jul 21 2000 // British reinsurer and run-off vehicle Equitas said today it paid claims totaling $3.23 billion in the first quarter of 2000, a decrease of $100,000 for the same period last year. Equitas was established in 1996 as part of...
Senn Orders Investigation of Improper Denial of Auto Injury Claims
Jul 19 2000 // Washington Insurance Commissioner Deborah Senn has ordered her staff to investigate national allegations that auto insurers rely on “medical reviews” performed by laypersons to deny insurance benefits to...
State Farm Adjusts Ohio Homeowners Rates; Estimates $7 Million in Storm Claims
Jul 18 2000 // State Farm Fire and Casualty Company has increased its statewide average rate increase by 1 percent for Ohio homeowners insurance policyholders, including renters and condominium unit owners. The new rates were implemented...
New Format Increases Fraud Detection Abilities
Jul 12 2000 // The ability of insurance companies to detect fraudulent claims by cross-checking them in “all-claims” databases will become keener as insurers adopt new methods of reporting and coding claims, according to the...
Insurers Fight Hollywood Claims Over ‘Gap Financing’ for Movies
Jul 10 2000 // As most people with experience in the movie industry could tell you, it’s an easy way to lose a lot of money. That may happen to several insurance companies, notably France’s AXA, if they lose the lawsuits that...
CLAIMS, LICENSING BILLS MOVE
Jul 10 2000 // The Senate Insurance Committee approved AB 393, the agent licensing bill, and AB 481, the claims bill, at a hearing on June 28. AB 393 would prohibit employees of insurance companies who do not have agent licenses from...
Wokers Comp Claim Costs Higher in Texas
Jun 26 2000 // Workers’ compensation payments for medical care and indemnity (wage-replacement) benefits in Texas are higher than most states analyzed in a new study by the Workers’ Compensation Research Institute. The study...
Agents in the Claims Process
Jun 26 2000 // In any service industry, speed in responding to customer requests, customer satisfaction with performance (both in the short run and in the long), and accuracy in statements made are all terribly important. The three are...
U.S. Attorney Cracks $1.3 Million Auto Body Repair Scam
Jun 22 2000 // A Worcester, Mass. man was charged Wednesday with operating an auto body shop that routinely inflicted damage on cars brought in for repair and defrauded insurance companies by submitting false claims for the extra...
SalvageSale.com, Crawford & Company Form Strategic Alliance for Claims Recovery
Jun 16 2000 // SalvageSale.com, an independent online marketplace for worldwide claims recovery and commercial salvage, and Crawford & Co. have formed a strategic alliance to handle claims recovery. SalvageSale.com will be Crawford...
Historic or Brand New -It’s a High-Valued Home Sweet Home
Jun 12 2000 // It’s spring home-buying season, and realtors throughout California are reporting that despite interest rate fluctuations and a seesawing stock market, the real estate market is hotter than ever. From Ventura to...
Quake Bills Could Create Shaky Ground for Insurers
Jun 12 2000 // On May 24, the California Senate passed SB 1899 despite opposition from industry groups. The bill, sponsored by Senator John Burton (D-San Francisco), has been referred to the Assembly Judiciary Committee for further...
New Officers Appointed to Help Lead Claims Dept. at Chubb Executive Risk
Jun 8 2000 // Gregory Barabas, vice president of claims and manager of specialty claims of Executive Risk Inc., announced three officer appointments in the company’s Claims Department. Diane Parker of Springfield, Mass., is now...
IRC Survey: Exaggerated Claims Are OK
Jun 7 2000 // These respondents agreed that it is acceptable to increase the amount of an insurance claim by a small amount to make up for a deductible. Nearly one in four respondents (24 percent) said that it is acceptable to increase...
Heavy Rains Cause Flood Loss in U.K.
Jun 6 2000 // Unseasonably heavy rains over the weekend caused extensive flood damage in northeast England. “Almost 30 hours of continuous rain caused the river Calder to burst its banks, flooding the town of Todmorden. Water was...
NetDetect Weighs Risk of Fraud at All Stages of Claims Lifecycle
Jun 5 2000 // Scheduled for release later this year, NetDetect scores claims for potential fraud — not just at first notice of loss — but throughout the claims lifecycle. The announcement was made at IASA 2000, the Insurance...
E-Commerce initiative Work to Steadily Transfirm the Industry
May 15 2000 // Insurers have been inundated by a flood of e-commerce initiatives and cataclysmic scenarios about the transformation which technology is set to bestow (or impose) on the industry. The reality becomes clearer every day....
Expert Witness For Lloyd’s Rejects “Names” Claims in Jaffray Suit
May 11 2000 // Keith Rayment, an expert witness called by Lloyd’s to testify on its behalf, strongly disagreed with one of the key allegations made by Names in the ongoing Jaffray case in London – that Lloyd’s concealed...
