Claims Magazine-August 2004

Issue Gallery ›

  • India Launches Insurance ATMs

    Staff Writer

    In addition to providing airport patrons with a convenient source of travel insurance, automated insurance vendors are helping to revolutionize insurance buying in rural areas of India. ICICI Lombard

  • Insurers Target Claim-Handling Costs

    Staff Writer

    Of those responding to the survey, 78 percent listed cutting claim-handling costs as their top priority, ISO said. Other areas identified as needing attention are improving claim-handling efficiency,

  • Hurricane Isabel Victims File Class Action Suit

    Staff Writer

    A class action lawsuit has been filed in United States District Court in Baltimore against seven insurance companies alleging that they mishandled the claims of thousands of policyholders who

  • States Ponder Loss History Databases

    Staff Writer

    Since January 2003, lawmakers or insurance regulators in 31 states have questioned insurers' use of loss history databases. During the same period, at least 14 states and the District of Columbia

  • NFPA, ANSI Advise Terrorism Commission

    Staff Writer

    The American National Standards Institute and the National Fire Protection Association have recommended to the National Commission on Terrorist Attacks upon the United States that the NFPA 1600

  • IMACC Holds Inaugural Meeting

    Staff Writer

    The newly formed Independent Mitigation and Cleaning/Conservation Network recently held its inaugural membership meeting in Chicago. Approximately 230 independent restoration and loss mitigation

  • Iraqi Conflict Costs U.S. Insurers

    Staff Writer

    In addition to the rising number of fatalities among military personnel stationed in Iraq, the United States is facing heavy losses among employees of independent contractors doing business in the

  • Farmers Ranks Most Secure Places to Live

    Staff Writer

    Those Americans concerned about the security of their homes, families, and jobs might want to consider moving to Utah's Provo-Orem area, which recently was named the most secure place to live in the

  • Japanese Man Devises Brainwashing Insurance Scam

    Staff Writer

    Police in Wakayama, Japan, suspect that Kenichi Fujitaki brainwashed his adopted son into killing himself so that he could claim an insurance payout of 25 million yen on a car (approximately

  • Oklahoma Insurance Commissioner Joins Senate Fray

    Staff Writer

    Carroll Fisher, the insurance commissioner for Oklahoma who is facing criminal charges and an impeachment investigation, has filed to run for the United States Senate. "It's an opportunity of a

  • Lumber Crunch Escalates Repair Costs

    Staff Writer

    Significant increases in material and labor expenses have pushed reconstruction costs in the state of California to an all-time high, according to recent research from Castle Data Services, a

  • U.S. Treasury Mandates Terrorism Coverage

    Staff Writer

    The U.S. Treasury Department has extended the Terrorism Risk Insurance Act of 2002's "make available" requirement through 2005. The act, which was prompted by the terrorist attacks of Sept. 11, 2001,

  • Effective Subrogation Prevents Unnecessary Loss

    Jay Garcia

    As insurers and self-insured employers struggle to manage their expenses, it is ironic that billions of dollars are paid out unnecessarily each year because of badly managed claims. Generally, the

  • Avoiding Mold Mayhem

    Elizabeth Raffel

    We all have one that leaps to mind: a flood at a convention center days before a major event, an acid spill at a semi-conductor facility in the middle of a production run, or a fire at a toy factory

  • Putting a Roof Over Their Heads

    Joan E. Collier, Joan E. Collier

    Living in a hotel or apartment where all of your homeowner worries are someone else's problem is a fun daydream, especially when the air conditioner starts putting out hot air in August or the

  • Technology Showcase

    Staff Writer

    This is a special feature that will enable you to evaluate some offerings of software providers servicing claim management initiatives. Another Technology Showcase is scheduled for our November 2004

  • Supreme Court Approves Insurer-Managed Litigation

    Staff Writer

    The Texas Supreme Court has reversed a previous appellate ruling in Northern County Mutual Insurance Company v. Timoteo Davalos, which addressed duty to defend when venue disputes arise between

  • Class-Action Suit Targets Structured Settlements

    Staff Writer

    A Connecticut judge has granted class-action status to a lawsuit accusing Travelers Property Casualty of violating the state's unfair trade practices act when dealing with claimants who agree to

  • Wildfire Victims Seek Legislative Remedy

    Staff Writer

    Despite the recent failure of a bill to protect the rights of homeowners who have suffered losses due to natural disasters, California Senator Martha Escutia has reintroduced components of the

  • Preparing Infrastructure for the 'Big One'

    Ken Brownlee

    In this series, the Iconoclast has been exploring terrorism and its potential targets, as well as short-term and long-range methods of addressing the risk. In this final part of the series, he

  • Car Claims Can Drive You Crazy

    Bruce Hillman, JD

    We are handling a claim that involves an error made by a bank when it provided a car loan payoff. The bank gave the insured (an auto dealership) a car loan payoff amount that was much lower than the

  • Employee Benefits: What is the Risk Manager's Role?

    Staff Writer

    Top-flight risk managers are not one-trick ponies. Historically, they have confined themselves to property and casualty risks. They did not touch areas like accident and health benefits, life

  • California State Fund Wins Workers' Comp Fraud Case

    Staff Writer

    State Compensation Insurance Fund will collect $135,000 in restitution from a San Diego County-based construction firm as part of the sentence in a workers' compensation insurance fraud case. Ray

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