Liability Claims News

ISO Makes Available Liability Advisor for Accident-Related Liability Claims

ISO has introduced ISO Liability Advisor, an information solution that reportedly helps claims professionals better evaluate accident-related liability claims. The new ISO solution also provides a relational database that enables claims managers and adjusters to report, track and manage their …

Specialty Risk Services Teams with CCN

Specialty Risk Services (SRS), a national property casualty third party administrator for workers’ compensation and general liability claims, announced a collaboration with Michigan-based Crisis Care Network to help retailers deal with the effects of workplace violence. SRS recently completed a …

Specialty Risk Services Receives 46 Approved Calif. Medical Provider Network Filings

Specialty Risk Services (SRS), one of the nation’s property casualty third party administrators for workers’ compensation and general liability claims, announced that the California Division of Workers’ Compensation (DWC) has approved 46 applications of medical provider networks (MPNs) on behalf …

Harris County Clinic Owner Pleads Guilty to Fraud

Texas Mutual Insurance Company reported that Eric Scheffey’s Harris County Bone and Joint Clinic Association pleaded guilty recently to fraud-related charges. The insurer said the guilty plea marks the end of a lengthy investigation by the Public Integrity Unit of …

R&M Study Shows Reinsurance Claims Subject to Greater Scrutiny

Dublin-based Research and Markets announced the addition of “Reinsurance Claims” to their offering. The work “contains up-to-date commentary and legal cases, and is the first publication to offer a clear view of this elusive aspect of the law,” said the …

Report Equitas Reaches $415 Million Asbestos Settlement w/ McDermott Intl.

According to news reports, Lloyd’s Equitas has reached a $415 million settlement of asbestos claims with McDermott International Inc., the parent company of Babcock & Wilcox, one of the world’s largest makers of steam generators. The settlement would be Equitas’ …

A.M. Best Affirms FSR for Chubb

A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of the property/casualty subsidiaries of The Chubb Corporation. Concurrently, A.M. Best has affirmed the existing senior debt ratings of “aa-” of Chubb and Chubb Executive Risk Inc., the …

Highway Safety Efforts Saving Lives, Reducing Injury Liability Claims Costs

At Tuesday’s National Conference of State Legislatures’ (NCSL) National Health Conference/Standing Committee on Health meeting in Savannah, Ga., the American Insurance Association (AIA) testified about industry highway safety efforts. These combined efforts not only have reportedly saved lives, but have …

Carl Warren & Company Launches New Web Site

Carl Warren & Company, a liability claims management company headquartered in Orange, California, celebrates 60 years as a third party claims administrator and launches a new Web site at their current Web site address of www.carlwarren.com. Paul Park, IT Leader, …

Study Finds Medical Costs Driving Up Auto Injury Claims

A new study by the Insurance Research Council (IRC) finds that claimed losses for auto injuries have escalated at vastly different rates across four states with no-fault auto insurance regulations. From 1997 to 2002, the average amounts that personal injury …