Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Commentary: Florida’s Failure to Pass AOB Reforms Will Impact State Insurance Market
Mar 21 2016 // Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens Property Insurance Corp. are working in tandem with the Florida...
Why Companies Won’t be Opting Out of Opt-Out Anytime Soon
Mar 21 2016 // A recent ruling by the Oklahoma Workers’ Compensation Court undercutting so-called “opt-out” systems has set off a flurry of speculation about such systems, including whether this ruling signals the...
Claims for Broker Negligence Assignable
Mar 21 2016 // A California intermediate appellate court has reaffirmed that a professional negligence claim against a client’s property/casualty insurance broker is freely assignable. It also held that the assigned rights are...
Insurance Rates for Architects, Engineers Not Going Anywhere
Mar 18 2016 // After three straight years of moderate increases, insurance premiums for architects and engineers professional liability leveled off in 2015. A new survey by insurance broker Ames & Gough also found that insurers plan...
EnPro Agrees to $480 Million Settlement of Garlock Asbestos Claims
Mar 18 2016 // EnPro Industries Inc. said it has agreed to a $480 million settlement to resolve current and future personal injury claims related to its asbestos-lined gaskets used in pipes, valves and other industrial applications. The...
Florida’s Citizens Pushes Policy Changes to Address Rising Water Loss Claims
Mar 17 2016 // Citizens Property Insurance Corp.’s board of governors has approved a slate of recommendations aimed at reducing the impact of what it calls skyrocketing water-loss claims that could reverse progress made in...
Suit by Aon Founder Ryan Claims IT Startup Swindled Him Out of Millions
Mar 10 2016 // Aon Corp. founder Patrick G. Ryan claims he was cheated out of hundreds of millions of dollars when Mu Sigma Inc. downplayed its own growth prospects in a ruse to buy back his investment company’s early stake in the...
Texas Hail and Wind Claims: We’re No. 1!
Mar 9 2016 // Texans like to brag that “everything’s bigger in Texas,” but sometimes that’s not something to be proud of. According to data recently released by State Farm, Texas led the nation in hail and wind...
North Dakota Hospital Sued over Hepatitis C Outbreak
Mar 9 2016 // Victims of the largest hepatitis C outbreak in recent U.S. history dropped their claims against a Minot, N.D., nursing home, which joined them in suing a hospital, which they both say is really at fault. Twenty-one...
Fraud Report
Mar 7 2016 // Florida’s Citizens Launches Campaign to Combat Abuse Claims Citizens Property Insurance Corp. has launched a multi-faceted education campaign in an attempt to combat what it has called a disturbing increase of fraud...
Report: Frequency of Florida Water Loss Claims Up 46% in 5-Year Period
Mar 7 2016 // The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been...
Auto Insurer 2015 Underwriting Performance Loses Traction
Mar 7 2016 // Private passenger automobile insurance remains one of the most competitive segments in the U.S. property/casualty industry, with a number of large, well capitalized organizations battling for market share and searching for...
Why Buyers, Sellers File Claims Under M&A Insurance: AIG
Mar 7 2016 // Nearly 14 percent of mergers and acquisitions (M&A) insurance policies written globally by American International Group Inc. resulted in a claim, according to a study by the insurer, one of the largest writers of...
Property Claim Satisfaction Slips
Mar 7 2016 // Customer satisfaction among homeowners filing a property claim has slipped for the first time in five years, largely driven by declines in satisfaction with the total settlement and service interactions, according to the...
Homeowners Insurance Claims Increase in Texas in 2015
Mar 7 2016 // Texas weather catastrophes caused a huge jump in homeowners insurance claims last year, the Insurance Council of Texas reported. Though claims increased by 120,000 over 2014, the number of policyholder complaints increased...
HSBC to Pay Massachusetts $4M Over Force-Placed Claims
Mar 7 2016 // Massachusetts Attorney General Maura Healey said national mortgage lender and servicer HSBC has agreed to pay $4 million to resolve allegations involving force-placed insurance practices. The settlement resolves...
Suit Alleges Texas Lawyers Bankrolled BP Oil-Spill Scam
Mar 4 2016 // Two high-profile Texas attorneys were sued by a fishing boat captain who said they were involved in a scam to cheat BP Plc out of millions of dollars with false compensation claims for the Gulf of Mexico oil...
Marsh Appoints Reeve as Head of First Party Claims, UK Specialties
Mar 3 2016 // Marsh announced with immediate effect the appointment of Gary Reeve as head of First Party Claims for its UK Specialties division. Reeve will report to Ian Martin, head of Claims for UK & Ireland. Reeve will act as a...
Report: Florida Water Loss Claims up 46 Percent in 5-Year Period
Mar 2 2016 // The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call results from the Florida Office of Insurance Regulation (OIR). During the same period, there has been...
Georgia Reports $7M in Claims Settlements Returned to Consumers in 2015
Mar 1 2016 // Georgia Insurance Commissioner Ralph Hudgens announced that in 2015 his office mediated thousands of claims disputes between Georgians and insurance companies, resulting in more than $7 million in claim settlements...
