Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Florida-Based UPC Insurance Appoints St. John as Chief Claims Officer
Aug 16 2016 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, appointed Scott St. John as its chief claims officer effective August 22, 2016. St. John will be responsible for directing...
Florida Homeowners Insurer Olympus Adds Newby as VP of Claims
Aug 15 2016 // Olympus Insurance Co., a Florida homeowners insurer, has appointed Martin Newby as vice president of Claims. Newby will serve as Olympus’ senior claims executive responsible for the development, implementation,...
FBD Shares Surge on Reduced Losses, 2017 Profit Forecast
Aug 12 2016 // FBD Holdings Plc shares surged the most in almost eight years after the insurer posted a smaller first-half loss and said it’s on track to making a profit next year. FBD shares rose as much as 12 percent, their...
Munich Re Q2 Profits Beat Expectations, Aid Claims and Restructuring Costs
Aug 9 2016 // Munich Re, the world’s second-biggest reinsurer, reported second-quarter profit that beat analysts’ expectations as gains from currencies and investments cushioned higher claims from natural disasters and...
Brazilian Corruption Probes Lead to D&O Market Boom
Aug 8 2016 // Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro SA and a rash of...
Homeowner Insurance Claim Severity Up 7% Due to Lightning in 2015
Aug 8 2016 // The number of homeowners insurance claims from lightning strikes in the United States fell in 2015. However, the total insurers paid on those claims rose by nearly 7 percent, according to the Insurance Information...
Citizens Implements Review Program for Florida Water Loss Claims
Aug 8 2016 // Florida’s insurer of last resort, Citizens, has expanded its efforts to curb increasing water loss claims with a new Water Mitigation Estimate Review Program. Citizens Chief Claims Officer Jay Adams said the new...
Allianz Q2 Profit Drops 46% on Nat Cat Claims, Expected Sale of South Korea Unit
Aug 5 2016 // Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea unit. Net income...
New York AG Charges Engineering Firm with Doctoring Sandy Claims Reports
Aug 2 2016 // New York authorities charged a Long Island engineering firm and one of its former executives with forging damage reports for homes swamped by Hurricane Sandy, altering the documents in such a way that owners’ flood...
Sports-Related Brain Injuries Are Emerging Risk for US & UK Insurers: S&P Report
Aug 1 2016 // Sports-related brain injuries are one of the top emerging insurance claims in the U.S. and the U.K., according to a report published by S&P Global Ratings. While the potential risk of such liability claims is rising...
CastlePoint National Conserved by California Regulator to Protect Policyholders
Jul 29 2016 // CastlePoint National Insurance Co., the sole remaining carrier member of the Tower Group, was placed into conservation on Thursday by order of the San Francisco Superior Court to protect policyholders and injured workers...
Swiss Re Q2 Profit Drops on Higher Natural Catastrophe Losses
Jul 29 2016 // Swiss Re AG, the world’s biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe claims including earthquakes in Japan and forest fires in Canada. Net income declined to...
West Virginia Funeral Home Ordered to Reimburse Insurer for False Death Claims
Jul 27 2016 // A federal judge has ruled for an insurance company in its case against the operators of a funeral home in Putnam County, West Virginia, accused of filing false death claims on behalf of pre-need contract customers who...
Citizens Implements $1.8M Estimate Review Program for Florida Water Loss Claims
Jul 26 2016 // Florida’s insurer of last resort, Citizens, has expanded its efforts to curb increasing water loss claims with a new Water Mitigation Estimate Review Program. Citizens Chief Claims Officer Jay Adams said the new...
What to Know About Liability and Legal Costs for Apps
Jul 25 2016 // The purchase and use of smartphones, tablets, wearable computers and other mobile computing devices (MCDs) connected to the internet have experienced staggering growth in the past several years. Soon after the Apple App...
Navigating California’s High Workers’ Comp Rates and Excessive Lawsuits
Jul 25 2016 // California employers routinely pay the highest insurance rates for workers’ compensation in the country. The increasing rates are due to several factors including rising medical costs and an aging workforce. In this...
Uptick in Lawyers’ Liability Claims; Business Transactions Top Claim: Study
Jul 22 2016 // Law firms have seen an increase in the frequency of malpractice claims, which are becoming more costly to defend and could cause lasting reputational damage, according to a new study by insurance broker Ames & Gough....
U.S. Can’t Seize Manhattan Building Over Iranian Terror Claims: Court
Jul 21 2016 // A federal appeals court said on Wednesday the U.S. government cannot seize a midtown Manhattan office tower originally built by the Shah of Iran, whose owners it claimed were fronts for the Iranian government. The 2nd U.S....
G2 Insurance Services Names Fox-Foster Claims Manager in California
Jul 19 2016 // G2 Insurance Services has named Martin Fox-Foster claims manager. Fox-Foster will be located in the company’s San Francisco office He will serve as a resource to G2 Insurance’s commercial clients, advocating on...
Cunningham Lindsey Subsidiary, Vale, Launches Claims Consulting Service
Jul 19 2016 // Dallas-based Vale Training, a Cunningham Lindsey company and an independent division specializing in training for adjusters and appraisers in the insurance claims industry, has launched Vale Consulting Services to provide...
