Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
Jun 22 2016 // A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch Ratings. The Insurance...
Gunmakers Say Federal Law Shields Them from Sandy Hook Negligence Claims
Jun 21 2016 // A 2005 federal law was designed specifically to prevent gunmakers from being sued for mass killings like the one at Sandy Hook Elementary School, lawyers for the maker of the AR-15 assault weapon used in the attack told a...
Supreme Court Dismisses South Africans’ Apartheid Claims Against IBM, Ford
Jun 20 2016 // The U.S. Supreme Court on Monday rejected an appeal by a group of black South Africans seeking to revive human rights litigation aiming to hold Ford Motor Co. and IBM Corp. liable for allegedly conducting business that...
Opioid Prescriptions in Workers’ Compensation Cases Decline: WCRI Study
Jun 20 2016 // A new study by the Workers Compensation Research Institute (WCRI) found “noticeable decreases” in the amount of opioids prescribed per workers’ compensation claims in a majority of 25 states studied. The...
Insurer’s Hospital Claims Study Corroborates High Death Risk from Medical Errors
Jun 20 2016 // Death claims are the most common hospital liability claims, according to an insurance company study released after researchers at Johns Hopkins University School of Medicine reported that medical errors are the third...
Have Injured Workers Benefited from Oklahoma’s Opt-Out Plans? It Depends, Study Says
Jun 20 2016 // A recent analysis of the workers’ compensation “opt-out” system in Oklahoma concludes that employer-run plans for injured workers may offer benefits that are equal to or better than those provided by...
How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report
Jun 20 2016 // When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a...
CAMICO to Offer Enhanced Coverage for CPA Firms Through New Berkley Company
Jun 17 2016 // CAMICO, a CPA-directed program of insurance and risk management for the accounting profession, and Berkley Alliance Managers (BAM), a W. R. Berkley Company, have announced new insurance policies with enhanced coverage....
Despite Losses, North Dakota Political Subdivision Insurance Fund Pays Off
Jun 17 2016 // A 30-year-old self-insurance pool has been paying off well for North Dakota political subdivisions, despite large claim losses in 2015. “It’s worked extremely well,” said Steve Spilde, chief executive...
Supreme Court Limits Fraud Claims Against Federal Contractors
Jun 17 2016 // The U.S. Supreme Court on Thursday imposed some limits on the kind of fraud claims that can be brought against federal contractors in a case involving a suit against one of America’s largest hospital operators over a...
NYDFS Holocaust Claims Processing Office Receives Anne Frank Award
Jun 16 2016 // The New York State Department of Financial Services (NYDFS) announced that its Holocaust Claims Processing Office is the recipient of the 2016 Outstanding Citizens Award from the Anne Frank Center for Mutual Respect in New...
5 Principles for Navigating Complex Property/Casualty Claims
Jun 16 2016 // Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When they do, the impacts to...
Winners of 1st Innovation in Insurance Awards Are ‘Change Leaders’
Jun 13 2016 // The winners of the first annual Innovation in Insurance awards include Allianz, AXA, Europ Assistance, MS&AD Insurance, and USAA. The program, jointly launched by Efma and Accenture, seeks to reward and foster...
Occurrence vs. Claims Made Coverage Forms
Jun 13 2016 // One of two coverage “trigger” forms is used to provide liability protection: the “occurrence form” or the “claims made” form. Generally, there is no difference in the breadth of...
WCRI Study Finds ‘Noticeable’ Drop in Opioid Prescriptions in Workers’ Compensation Cases
Jun 9 2016 // A new study by the Workers Compensation Research Institute (WCRI) found “noticeable decreases” in the amount of opioids prescribed per workers’ compensation claim in a majority of 25 states studied. The...
Penn State Seeks Appeal in Sandusky Claims Coverage Dispute
Jun 8 2016 // Penn State wants permission to appeal a judge’s ruling denying it insurance coverage for certain child sexual abuse claims related to former assistant football coach Jerry Sandusky. The Legal Intelligencer said...
Tornado Hits Hamburg – Latest in Europe’s Destructive Summer Storms
Jun 8 2016 // A tornado tore through the northeast of Hamburg on Tuesday evening, blowing off the roofs of several buildings, uprooting dozens of trees and damaging cars and a power line as storms that have raged across Europe this...
How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report
Jun 8 2016 // When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a...
American Claims Management Tapped by National Unity to Manage Claims for International Tourist Program
Jun 8 2016 // San Diego, CA, June 8, 2016 –American Claims Management Inc. (ACM) has been selected as the third party claims administrator for the International Tourist Program of National Unity Insurance Company. The contract,...
Update: German Flood Claims Estimated at $1.1B, Says Fitch Ratings
Jun 7 2016 // Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry squeezed by low interest rates and decreasing prices for policies. Claims linked...
