Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Munich Re May Have Less Than $2.55 Billion in WTC Claims
Sep 3 2002 // Munich Re’s Chairman Hans-Jürgen Schinzler recently indicated that the world’s largest reinsurer may actually be exposed to less than the €2.6 billion ($2.55 billion) it has reserved for the payment of WTC...
Fraud Fighters Tackle Individuals Looking to Exploit Disaster
Sep 2 2002 // Among those combating this problem has been the New York Department of Insurance. New York Insurance Commissioner Gregory Serio said his department has actively coordinated with other law enforcement agencies to...
WTC Claims Dispute, $7.1 Billion at Stake
Sep 2 2002 // Despite recent court ordered settlement procedures, the legal dispute pitting Swiss Re and 21 other insurance companies against Silverstein Properties, the master leaseholder on the twin towers of the World Trade Center,...
Fraud Fighters Tackle Individuals Looking to Exploit Disaster
Sep 2 2002 // The events of Sept. 11, 2002 are no doubt unique, but as with all disaster, there are some that are likely to take advantage of the situation. Needless to say, insurance fraud has reared its ugly head over the last year as...
WTC Claims Dispute, $7.1 Billion at Stake
Sep 2 2002 // Despite recent court ordered settlement procedures, the legal dispute pitting Swiss Re and 21 other insurance companies against Silverstein Properties, the master leaseholder on the twin towers of the World Trade Center,...
ADP Claims Services Announces Shoplink Version 6.3
Aug 30 2002 // ADP Claims Services Group announced the general availability of Shoplink v6.3(TM). The new version combines ADP’s unparalleled database with integrated imaging, decision support and improved graphics, giving users...
eAutoclaims, Cybersettle Form Alliance for Settling Claims
Aug 23 2002 // Florida-based eAutoclaims, Inc., a company that provides the insurance industry with online claims management solutions through both an Application Service Provider (ASP) and outsourcing solutions services; and...
Insurers Have Limited Exposure to East Europe Flood Claims
Aug 20 2002 // A number of European insurers and reinsurers have indicated that despite the widespread damages caused by the ongoing floods in Germany and Eastern Europe, their exposure to claims is limited. With analysts now increasing...
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...
