Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
ACE Announces Claims Leadership Team for Overseas General Insurance Division
Nov 30 2015 // ACE Ltd. announced the future claims leadership team it will appoint for the new Chubb Group’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of...
Judge Allows NFL Player’s Fraud Claims Against BofA to Proceed
Nov 24 2015 // National Football League player Dwight Freeney can proceed with his lawsuit alleging that Bank of America Corp. was complicit in a fraud scheme that caused him to lose more than $20 million and forced his Rolling Stone...
Worley Claims Services Acquires North Carolina-Based RJMW
Nov 24 2015 // Worley Claims Services, an insurance claims servicer in the United States, has acquired RJMW Claims Services, Inc., a provider of daily and catastrophe residential and commercial property claims services based in...
Liberty Insurance Must Pay Attorneys’ Fees in Gulf Oil Spill Case
Nov 23 2015 // A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill. The U.S. Court of Appeals for the 5th Circuit in...
South Dakota Rancher Pleads Guilty to False Cattle Loss Claims
Nov 23 2015 // A South Dakota rancher has pleaded guilty in federal court to falsely claiming he lost more than a hundred cattle during the autumn blizzard of 2013 that left ranchers in the state reeling with financial losses. Karl...
U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey
Nov 23 2015 // Managing general agents are keen to be more involved in the claims process because they view claims as a core competence with an intrinsic link to underwriting, according to the latest MGAA Matters Survey.* The fourth...
Zurich Makes Changes to U.K. General Insurance Executive Team
Nov 19 2015 // Zurich Insurance has announced several changes to the executive line up of its U.K. General Insurance business. The appointments are as follows: Karl Helgesen was named U.K. chief claims officer, effective December 2015,...
Analysis: North Carolina Studying Drug Formularies in Workers’ Comp Claims
Nov 19 2015 // During the 2015 legislative session, the North Carolina General Assembly authorized and funded a study regarding prescription drug formularies in workers’ compensation claims brought by state employees. While this...
Willis Launches Electronic Platform for Faster Premiums, Claims Payments
Nov 18 2015 // Willis Group Holdings has launched Willis Accounting, a new global electronic accounting platform designed to speed up cash flow and settle claims more quickly with carriers and clients. Following a successful pilot,...
ACE Appoints Matthews as Claims Client Relationship Manager for UK & Ireland
Nov 17 2015 // ACE appointed Judy Matthews as claims client relationship manager for the U.K. and Ireland, as it continues to invest in its client-facing claims management team for ACE’s global accounts division. Matthews will work...
FEMA’s Review of Sandy Claims Taking Longer Than Expected
Nov 16 2015 // The Federal Emergency Management Agency’s review of Superstorm Sandy flood insurance claims is taking longer than expected, with fewer than 200 checks issued. FEMA announced in March the review for as many as 142,000...
The Rebound Continues as Contractors & Builders Expect to Grow Again in 2016
Nov 16 2015 // The Rebound Continues as Contractors & Builders Expect to Grow Again in 2016 Builders and contractors can expect another year of steady growth in 2016 and so can the insurance specialists that serve this rebounding...
Top 10 Market Conduct Actions Against P/C Insurers
Nov 16 2015 // Slow claim handling, the use of unapproved rates and a failure to provide required compliant disclosures top the list of market conduct actions taken against U.S. property/casualty insurers in 2014, according to Wolters...
WCIRB: Los Angeles Workers’ Comp Claims Outlier in California
Nov 16 2015 // California’s Workers’ Compensation Insurance Rating Bureau released a study in November showing significant differences in the costs of claims among the state’s regions – particularly Los...
Claims Deadline for Sunken Cargo Ship El Faro Set
Nov 13 2015 // A federal judge has set a deadline for damage claims filed by relatives of crewmembers who were lost aboard a cargo ship that sank last month in Hurricane Joaquin. U.S. District Court Judge Harvey Schlesinger set Dec. 21...
Weather-Related Property Claims Mount in Texas
Nov 12 2015 // Severe weather in all regions of the state this year has resulted in high numbers of insurance claims from property and auto losses in Texas, according to an insurance company trade group. The Insurance Council of Texas...
Supreme Court Justices Question Tyson Claims Against Damages Formula
Nov 11 2015 // U.S. Supreme Court justices expressed skepticism on Tuesday toward Tyson Foods Inc.’s challenge to an almost $5.8 million class action judgment in a case that could buck the court’s recent pro-business trend in...
Insurers Face Claims of $600 Million from Brazilian Mine Disaster: Sources
Nov 11 2015 // Insurers covering risks for a Brazilian mine where two dams burst last week, killing at least six people, could pay up to $600 million in claims, a source with direct knowledge of the matter said on Monday. A property...
American Claims Management Selected to Manage Western National Group Liability Claims
Nov 10 2015 // San Diego, CA, November 10, 2015 – Following a comprehensive selection process, American Claims Management (ACM) was chosen as the third party administrator for Western National Group’s premises liability claims....
Florida Issues Data Call for Water Claims, Assignment of Benefit Costs
Nov 10 2015 // The Florida Office of Insurance Regulation (OIR) ordered Florida’s largest property insurers on Oct. 23 to submit detailed information on water loss claims, mitigation services, litigation and assignment of benefits....
