Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Philadelphia Insurance Companies in Pennsylvania Promotes 5 Employees
Feb 15 2017 // Philadelphia Insurance Companies (PHLY), a commercial property/casualty and professional liability insurance company for niche markets based in Bala Cynwyd, Penn., has promoted five employees to vice president. Yvonne...
Heat Is on Florida Lawmakers to Fix Assignment of Benefits Crisis
Feb 15 2017 // Florida’s insurance industry will apply significant pressure on lawmakers to pass assignments of benefit (AOB) reform in the upcoming legislative session as consumers face rate increases and a looming coverage...
R Street Applauds Texas Bill to Rein in Hail Claims
Feb 13 2017 // The R Street Institute applauded the introduction today of S.B. 10, legislation to rein in the growth in Texas hail-related litigation. The bill, sponsored by state Sen. Kelly Hancock, R-North Richland Hills, would provide...
Why Predictive Modeling Is Gaining as Fraud Fighting Tool
Feb 13 2017 // Declining costs, the availability of cloud storage and the rise of telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk...
Florida’s AOB Abuse by the Numbers: ‘Alarming Trend’ Reaches Crisis Point
Feb 9 2017 // Assignment of benefits abuse has escalated over the last five years to the point where it is now a serious disruption to Florida’s insurance market. The abuse, which is especially rampant in South Florida, stems from...
North Carolina Coal Ash Pit Neighbors Told to Waive Claims to be Compensated
Feb 8 2017 // Neighbors living near Duke Energy Corp’s coal ash pits in North Carolina are being told they have to give up the option of suing over any future water problems if they want extra compensation from the utility. The...
Top 10 Employment Discrimination Claims in 2016
Feb 8 2017 // The U.S. Equal Employment Opportunity Commission (EEOC) said it resolved 97,443 charges of employment discrimination in fiscal year 2016 and secured more than $482 million for victims of discrimination in private, federal...
Melania Trump’s $150 Million Libel Suit Claims Lost Business Opportunities
Feb 8 2017 // First Lady Melania Trump is suing a British newspaper, saying a defamatory article it later retracted deprived her of the chance to launch a lucrative brand of clothing, shoes, jewelry and perfume. The $150 million suit...
BHSI Opens London Office, Expands UK & Southern Europe Team
Feb 8 2017 // Berkshire Hathaway Specialty Insurance Co. (BHSI), in coordination with its affiliate Berkshire Hathaway International Insurance Ltd. (BHIIL), announced it has opened a new office in London. In addition, key executive...
Munich Re Q4 Earnings Drop to 500M Euros ($530M) on Nat Cat Claims
Feb 8 2017 // Munich Re, the world’s biggest reinsurer, reported a bigger-than-expected drop in fourth-quarter earnings as claims from natural disasters rose while prices continue to fall. Net income declined to about 500 million...
Proof of Loss Deadline Extended for Florida Hurricane Matthew Claims
Feb 8 2017 // The Florida Office of Insurance Regulation announced that the Federal Emergency Management Agency (FEMA) has granted another extension giving National Flood Insurance Program (NFIP) policyholders in Florida an additional...
Why the Insurance Industry Supports and Hires Veterans
Feb 8 2017 // Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they’ve done so for a number of good reasons. One important reason for adopting veterans causes was explained by Glenn...
Demotech Suspends Florida Insurer Rating Criteria; Says Downgrades Coming
Feb 7 2017 // Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led a ratings company to change the criteria it uses when rating insurers in the state. The announcement comes as insurers...
Correction: Mass. Court Reviews Assessment of Damages Against Insurer in Shuttle Bus Accident Case
Feb 7 2017 // The Supreme Judicial Court in Massachusetts has ruled that post-judgment interest is not included in any enhanced damages in connection with damages that have already been awarded under the Massachusetts Consumer...
Chubb Promotes Parry to Claims Director, Europe, Eurasia & Africa
Feb 7 2017 // Chubb announced the promotion of Steve Parry, currently claims director for UK and Ireland, Operations and Integration, to the role of director of Claims, Europe and Eurasia & Africa. In his new role, Parry will have...
Amica Mutual Downgraded by A.M. Best Citing Increasing Catastrophe Losses, Auto Claims
Feb 6 2017 // Amica Mutual Insurance Co. no longer has a perfect financial strength rating from A.M. Best. More catastrophe losses and worsening automobile insurance claims severity are both to blame. Specifically, an A+ (Superior)...
Tennessee Wildfire Insurance Claims Hit $842M
Feb 6 2017 // Tennessee state officials said last month that insurance claims have topped $842 million in the deadly eastern Tennessee wildfires that burned thousands of buildings. The Knoxville News Sentinel reported the number,...
Judge Dismisses Snapchat from Georgia Distracted Driver Crash Claim
Feb 6 2017 // A Georgia judge dismissed claims against Snapchat that blamed the social media company’s “speed filter” for a highway crash. The judge said in the January ruling that the Communications Decency Act...
Texas Governor Calls for Legislation to Rein in Hailstorm Litigation
Feb 2 2017 // In his state of the state address, Texas Gov. Greg Abbott gave a boost to the insurance industry’s effort to get legislation passed that would place limits on post-hailstorm litigation. Calling lawsuits against...
As Super Bowl Approaches a Former NBA Player Reflects on Cumulative Injury
Feb 2 2017 // Most of us who sit down with our beverages and snacks to watch one of the biggest events in pro sports on Sunday won’t have things like workers’ compensation and cumulative injury on our minds. Just Brady vs....
