Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
D&O Insurers Warned on Competitive Pricing, Troubling Claims Trends
Feb 26 2018 // Property/casualty insurers in the directors and officers (D&O) liability insurance market may find it more difficult to maintain underwriting performance in 2018 than in recent years, according to Fitch Ratings, as...
New Jersey’s Innovative Coverage Concepts Appoints Eighmy as Director of Claims
Feb 21 2018 // Innovative Coverage Concepts LLC (ICC), a Parsippany, N.J.-based national wholesale broker and managing general agency (MGA), has appointed Brian L. Eighmy as director of claims. Eighmy has 20 years of experience in claims...
Lloyd’s Market Association Launches Claims Development Training Tool
Feb 20 2018 // The Lloyd’s Market Association (LMA) has launched the Claims Development Pathway, an interactive training and development tool that will provide support to claims professionals in the Lloyd’s market, at every...
Duke Energy, North Carolina Coal Ash Neighbors End Dispute Over Future Claims
Feb 19 2018 // Neighbors of Duke Energy Corp.’s unlined coal ash pits in North Carolina went to court after the company said their $5,000 “goodwill” payments required them to give up future health claims linked to...
TDI: Nearly 670K Property Insurance Claims Generated in Texas by Hurricane Harvey
Feb 19 2018 // Hurricane Harvey resulted in nearly 670,000 in combined personal and commercial property insurance claims to private insurers, the Texas Windstorm Insurance Association (TWIA) and the Texas Fair Access to Insurance...
Ohio, Missouri Insurance Departments Return Tens of Millions in Claims Payouts to Consumers
Feb 19 2018 // The Ohio Department of Insurance helped recover $30.4 million for insureds in 2017 and the Missouri Department of Insurance helped consumers receive an extra $16.8 million in claims payments last year, insurance regulators...
Maryland Insurance Administration Recovers $11.7M in Claims Settlements in 2017
Feb 15 2018 // The Maryland Insurance Administration (MIA) responded to 12,188 consumer complaints and inquiries in 2017, facilitating claims settlements and refunds totaling $11,766,213 for Maryland consumers, according to a press...
Marine P&I Clubs Face Intense Pricing Pressures in February Renewals: A.M. Best
Feb 14 2018 // While the balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, underwriting discipline will be tested over the February 2018 renewal period, according to a report...
Nearly 670K Property Insurance Claims in Texas from Hurricane Harvey: TDI
Feb 13 2018 // Hurricane Harvey resulted in nearly 670,000 in combined personal and commercial property insurance claims to private insurers, the Texas Windstorm Insurance Association (TWIA) and the Texas Fair Access to Insurance...
‘No-Fault’ Pacts with Railroads Hold Amtrak Liable for Accidents It Didn’t Cause
Feb 13 2018 // Federal investigators are still looking at how CSX railway crews routed an Amtrak train into a parked freight train in Cayce, South Carolina, last weekend. But even if CSX should bear sole responsibility for the accident,...
UK Supermarket Group Tesco Faces Potential Equal Pay Claims of Up to $5.6B
Feb 7 2018 // Supermarket group Tesco is facing a potential bill of up to 4 billion pounds ($5.6 billion) in a record equal pay claim involving mainly women workers at its British stores, according to the law firm pursuing the case. If...
Brit Adds Ballantyne to Claims Team for North America
Feb 7 2018 // Christopher Ballantyne joined specialty insurer Brit Ltd.s claims team in the newly-created role of vice president of Delegated Claim Authority. Ballantyne will be responsible for the day-to-day oversight and performance...
AmWINS Completes Acquisition of Seacoast Brokers, Trident Claims Management
Feb 7 2018 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has completed the previously announced acquisition of Seacoast Brokers, LLC, and Trident Claims Management, LLC. Seacoast is a personal...
Ohio Insurance Regulators Help Secure an Extra $30.4M for Consumers
Feb 6 2018 // The Ohio Department of Insurance helped more than 436,000 Ohio insurance consumers save or recover $30.4 million in 2017 through its toll-free hotlines, community outreach and counseling, according to Director Jillian...
Public Firms Now Face Question of When to Disclose Sexual Harassment Claims
Feb 6 2018 // The steep drop in the stock price of Wynn Resorts Ltd. following a report that chairman Steve Wynn subjected female staff to unwanted sexual advances offers an illustration of how such allegations may now be...
Worley Claims Services Acquires Audit Services Incorporated of Georgia
Feb 6 2018 // Worley Claims Services, LLC, a provider of claims services in North America, has acquired Audit Services Incorporated (ASI), a claim estimate writing and review supplier for the property and auto insurance markets based in...
Cyber Insurance Claims from Fraudulent Instruction Scams Rise: Beazley
Feb 5 2018 // Organizations are being forced to deal with an increased threat to their operations from fraudulent instruction scams, according to specialist insurer Beazley’s most recent Breach Report. According to the insurer,...
Florida Regulator Report Shows AOB Abuse Worsening Statewide
Feb 5 2018 // The epidemic of assignment of benefits (AOB) abuse that has been plaguing Florida for several years is only getting worse, says a new report from the Florida Office of Insurance Regulation (OIR). The most recent data call...
People
Feb 5 2018 // David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will focus on serving law firms, as it did when it...
Altman Advises Southwestern Pennsylvania Property Owners on Filing Flood Claims
Feb 5 2018 // Acting Pennsylvania Insurance Commissioner Jessica Altman has advised property owners in southwestern Pennsylvania experiencing flooding from heavy rains on important actions to take when preparing and filing flood...
