Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Florida Supreme Court Rules Against Insurer in Concurrent Loss Case
Dec 6 2016 // The Florida Supreme Court has ruled in favor of policyholders seeking coverage on claims where there is the possibility of multiple concurrent losses but at least one of the losses is covered under their policy. Though the...
FEMA Grants Extension of Louisiana Flood Insurance Claims Deadline
Dec 5 2016 // Louisiana Gov. John Bel Edwards says federal authorities have granted his request for an extension of the filing deadline for those affected by August floods to submit a proof of loss claim. Edwards, in a statement, said...
Could POTUS Battle Trigger More Discrimination Suits?
Dec 5 2016 // Regardless of one’s political leaning, the 2016 presidential election offered bold dialogue. Many criticized the president-elect for brash comments and a disregard for political correctness. If recent news reports...
Despite Decline, Ohio Still Leads Country in Metal Thefts
Dec 5 2016 // The number of metal thefts in Ohio dropped during the period 2013 through 2015, but the state still leads the country in metal theft crimes, an Ohio insurance industry trade group says. Citing a report by the National...
What Executives Need to Know About Managing D&O Liabilities: Allianz Report
Dec 2 2016 // Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, which not only put their company’s assets, and their...
Wells Fargo Banks on Arbitration to Settle Fake Account Claims
Nov 29 2016 // Wells Fargo & Co. is trying to keep dozens of customers suing over bogus accounts opened by its employees out of court, saying they agreed to resolve any disputes in arbitration when they began doing business with the...
Q&A: Deloitte Insurance Expert Discusses Hurricane Season and Flood Insurance
Nov 22 2016 // Powered by InsuranceJournal.tv Although Atlantic hurricane season ends in November, cleanup from any damage seen on the East Coast could last beyond the end of the season. Some coastal areas, such as Virginia Beach, were...
Only 4 Out of 300 Claims Paid After Record Oklahoma Earthquake
Nov 21 2016 // Nearly 300 damage claims have been submitted since Oklahoma’s largest earthquake in September, but only four of those claims have been paid. An analysis of Oklahoma Insurance Department data by the Tulsa World shows...
Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders
Nov 21 2016 // Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched a proprietary web-based claims management system for managing general agents (MGAs) and...
West Virginia Settles Claims Against 3 Drug Companies for $800K
Nov 21 2016 // The West Virginia Attorney General’s Office says it has reached settlements with three more prescription drug wholesalers for $800,000 resolving allegations they failed to detect, report and stop suspiciously large...
Supreme Court Justices Question State Farm Appeal of Katrina Jury Verdict
Nov 21 2016 // The Supreme Court appeared unlikely to throw out a jury verdict against State Farm that found the insurance company defrauded the U.S. government when it assessed damage caused by Hurricane Katrina along the Gulf of Mexico...
Rising Earthquake Risks and Oklahoma’s Insurance Market
Nov 21 2016 // The 5.0 magnitude earthquake that struck near the oil and gas storage hub of Cushing, Oklahoma, on Nov. 6 put the nation on alert to the vulnerability of the country’s oil reserves to the significant increase in...
Trump Settles University Fraud Claims for $25 Million, Avoids Trial
Nov 20 2016 // President-elect Donald Trump agreed to pay $25 million to settle claims that his defunct Trump University cheated more than 6,000 students with false promises of teaching them his real estate secrets. The accord, announced...
North Carolina Couple Arrested for Making Duplicate Auto Claims
Nov 18 2016 // A North Carolina couple has been arrested and charged with one count of insurance fraud and obtaining property by false pretense, according to North Carolina Insurance Commissioner Wayne Goodwin. Keith Hedgepeth, 48, and...
2 Former Postal Employees Convicted in Dallas for Workers’ Comp Fraud
Nov 17 2016 // Two former U.S. Postal Service employees have been convicted on felony charges related to a workers’ compensation fraud scheme, U.S. Attorney John Parker of the Northern District of Texas announced. McArthur Baker,...
Sharing Economy Requires More Sharing Between Underwriting, Claims
Nov 16 2016 // The sharing economy poses new challenges for insurers including new exposures from technology and a need for better communication between claims and underwriting. That’s according to members of the International...
UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’
Nov 16 2016 // Nexus Underwriting, the London-based independent specialty managing general agent (MGA), has formed a claims company, trading as Nexus Claims. Being run independently from the underwriting companies, Nexus Claims offers...
Will Rising Earthquake Risks in Oklahoma Shake Up the Insurance Market?
Nov 14 2016 // The 5.0 magnitude earthquake that struck near the oil and gas storage hub of Cushing, Oklahoma, on Nov. 6 put the nation on alert to the vulnerability of the country’s oil reserves to the significant increase in...
Toyota to Pay $3.4 Billion to Settle U.S. Truck Rust Claims
Nov 14 2016 // Toyota Motor Corp. has agreed to a settlement of up to $3.4 billion for a federal class action brought by U.S. owners of pickup trucks and SUVs whose frames could rust through, plaintiffs lawyers have said in court...
Judge Rules AIG Must Defend Bill Cosby in Defamation Claims
Nov 10 2016 // A federal judge said Bill Cosby’s homeowner’s insurance company must defend him against three civil defamation lawsuits in Massachusetts brought by several women who accused the once-beloved entertainer of...
