Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
What Insurance Industry Can Learn from Amazon About Customer Satisfaction
Jun 6 2016 // Amazon.com scored its sixth annual victory in the 24/7 Wall Street Customer Service Hall of Fame last year, with 59 percent of customers reporting that they received excellent customer service from the e-commerce giant....
People Are Key to a CFO’s Success: QBE’s Group CFO Regan
Jun 6 2016 // When discussing his career as a chief financial officer, Patrick Regan, group chief financial officer for QBE, emphasizes the importance of people and the team the CFO builds. “You’re only as successful as the...
5 Principles for Navigating Complex Property/Casualty Claims
Jun 6 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...
Lying About Gulf Oil Spill Size to Investors to Cost BP $175M
Jun 3 2016 // BP Plc said it agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill to prop up its stock price, removing the company’s last major...
Critics of Uber’s $100M Driver Settlement Have Day in Court
Jun 3 2016 // Uber Technologies Inc. may have to return to the bargaining table to show just how badly it wants to avoid a jury trial with drivers demanding to be treated as employees. The world’s largest rideshare company faced...
74 Sex Abuse Claims Filed Against St. Cloud Diocese
Jun 2 2016 // Minnesota’s Diocese of St. Cloud says 74 claims of sexual abuse of minors have been made against it and none of the claims involve anyone who is currently in parish ministry. A three-year window that lifted the...
How Well Do Oklahoma Opt-Out Plans Serve Injured Workers? It Depends, Study Says
Jun 1 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...
SMEs Reap Benefits from Trade Credit Insurance as Economic Risks Rise: UK’s ABI
Jun 1 2016 // Nearly £36 million ($52.6 million) was paid in insurance claims to small businesses last year, due to customer insolvency or late payment, according to figures released by the Association of British Insurers (ABI). With...
Supreme Court to Hear State Farm’s Appeal of Katrina False Claims Ruling
May 31 2016 // The U.S. Supreme Court on Tuesday agreed to hear an appeal by State Farm contesting a jury finding that the insurance company defrauded the federal government when assessing damage caused by Hurricane Katrina in 2005 along...
