Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 7 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. That’s...
Trade Credit Insurers Paid UK Claims of $4.9M Each Week in 2016: ABI
Apr 7 2017 // Trade credit insurers paid claims to UK businesses in 2016, amounting to more than £4 million ($4.9 million) a week, or £210 million ($256.8 million), according to figures released by the Association of British Insurers...
Berkshire Hathaway Specialty Sues Goodyear Over Asbestos Claims
Apr 7 2017 // An insurance unit of Warren Buffett’s conglomerate Berkshire Hathaway Inc. said it has sued Goodyear Tire & Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said nothing about for...
Report: Workers’ Comp Claims, Costs Continue Downward Trend in Minnesota
Apr 6 2017 // The number of paid workers’ compensation claims fell 53 percent relative to the number of full-time-equivalent (FTE) employees from 1997 to 2015, according to the Department of Labor and Industry’s 2015...
Through the Roof: Drone Startup Cites Milestone of 6,000 Inspections
Apr 6 2017 // BetterView, an insurance technology startup that captures and analyzes data from drones, said it has performed more than 6,000 roof top inspections for insurers since its inception two years ago. San Francisco, California...
Claims Manager at Golden Bear in California Addresses Agency Fraud
Apr 6 2017 // Powered by InsuranceJournal.tv Beth Ossino, claims manager at Golden Bear Insurance Co. in Stockton, Calif., puts dealing with agency fraud high on her radar. She talked with Insurance Journal about agency fraud, and how...
Top 3 Causes of Global Liability Claims = 60% of Value: Allianz Report
Apr 5 2017 // Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty (AGCS). Collectively,...
Losses from Colorado Mine Spill Could Be Far Less than Feared
Apr 4 2017 // Economic damage from a Colorado mine waste spill caused by the U.S. Environmental Protection Agency may be far less than originally feared after attorneys drastically reduced some of the larger claims, The Associated Press...
CastlePoint National in California Ordered into Liquidation
Apr 3 2017 // CastlePoint National Insurance Co., the California insurance company affiliate of the defunct Tower Group, has been ordered into formal liquidation, paving the way for protection of CastlePoint’s policyholders...
Montana Diocese Filing for Bankruptcy to Settle Sex Abuse Claims
Apr 3 2017 // A second Montana Roman Catholic diocese will file for bankruptcy protection as part of settlements involving more than 400 people in sex abuse lawsuits, church officials said Friday. The Diocese of Great Falls-Billings...
Insurers’ Use of Cell Tower Data to Deny Claims Comes Under Scrutiny
Apr 3 2017 // It took Jaclyn Bentley nearly three years to prove she didn’t burn her house down for the insurance money, allegations she and her lawyer say were born of the junk practice of analyzing cellphone tower data. She was...
How to Reduce Workers’ Comp Costs in a K-12 School Climate
Apr 3 2017 // The physical and emotional well-being of employees is of vital importance to the success of K-12 schools, but the challenge of keeping school staff safe from harm is becoming more and more complex. As a result of rising...
Broad Intellectual Property Coverage Presents Challenges in Private D&O
Apr 3 2017 // Physical property damage due to natural disasters, weather-related or man-made incidents can be relatively straightforward to assess, but understanding how a different form of property causes damage can be a little more...
Insurtech Startups Take Note: Traditional Insurers Score Highest Ever Satisfaction Grades
Apr 3 2017 // Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year, and these claimants are now giving insurers their highest ever satisfaction...
Florida Property Insurers Avoid Ratings Downgrades From Demotech, For Now
Apr 3 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning about the effects of assignment of benefits abuse and...
Allianz Insurance Launches Live Video Streaming Platform for Property Claims
Mar 31 2017 // Allianz Insurance, the U.K.-based subsidiary of Allianz SE, has launched a video streaming platform called Allianz Site View, which is designed to enhance its claims proposition by enabling customers to send images, video...
Volkswagen Reaches Another Diesel Claims Settlement with 10 States for $157 Million
Mar 30 2017 // Volkswagen AG said Thursday it has agreed to settle environmental claims from 10 U.S. states over its excess diesel emissions for $157.45 million as the world’s largest automaker looks to move past the scandal. The...
Bedbugs, Peacocks Among Animal Insurance Claims by Businesses
Mar 30 2017 // Bedbugs in hotel rooms and aggressive peacocks are some of the creatures behind an uptick in animal-related insurance claims filed by U.S. businesses, according to a study published on Thursday by insurer Allianz SE . U.S....
AIG Enhances Motor Fleet Claims Service, Harnessing Cloud-Based Technology
Mar 30 2017 // AIG UK announced it has entered into a partnership with VUEcloud Ltd., a UK software technology provider to the commercial motor industry, to provide an enhanced claims service to motor fleet customers by harnessing...
Citizens Seeks Florida Agents’ Help Fighting Water Claims Abuse
Mar 30 2017 // As the Florida property market fights what has so far been a losing battle against attorneys and unlicensed contractor firms over water loss claims and assignment of benefits (AOB), Citizens Property Insurance Corp.,...
