Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
The MOST Basic CGL Coverage Concept
Feb 29 2016 // Begin at the beginning – with the insuring agreement! Coverage can never be any broader. This is the most basic CGL coverage concept. Before applying the policy’s exclusions, exceptions or conditions to a loss,...
State Farm Reports Investments Overcame Underwriting Loss in 2015
Feb 28 2016 // State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to $6.2 billion from $4.2...
WCRI Report Examines Trends in New York Workers’ Comp System
Feb 26 2016 // The Workers Compensation Research Institute (WCRI) has published its eighth annual report examining the trends in the performance of the New York workers’ compensation system following reforms enacted in 2007. WCRI...
Why Buyers, Sellers File Claims Under M&A Insurance: AIG Study
Feb 26 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...
Former NYPD Cop Jailed for Filing False Auto Claims
Feb 23 2016 // Authorities said a former New York City police officer has been sentenced to two to six years in state prison for a scheme to defraud auto insurance companies. New York Attorney General Eric T. Schneiderman announced the...
N.H. Group Gets Update on Substance Abuse Treatment Coverage
Feb 22 2016 // An initial review of whether health insurance companies are appropriately covering substance abuse treatment in New Hampshire shows significant differences in how often claims are denied, but experts identified problems...
Revised CDC Report Claims Higher Cancer Risk for Lumber Liquidators’ Flooring
Feb 22 2016 // Lumber Liquidators Holdings Inc. flooring, tested for formaldehyde, was found to have a three times higher risk of causing cancer than previously stated, U.S. regulators said in reversing their own finding from earlier...
California Hospital Workers’ Comp Report Shows Claim Severity on Rise
Feb 22 2016 // California workers’ compensation claim severity continues to increase, while claims frequency declines, according a newly released report. The latest California hospital report benchmarking workers’ comp costs...
Top 10 Discrimination Claims
Feb 22 2016 // Retaliation charges increased by nearly 5 percent in 2015 and continue to be the leading concern raised by workers across the country. Disability charges increased by 6 percent from last year and are the third largest...
3 Examples of How Telematics Can Aid Insurance Claims Handling
Feb 19 2016 // While information derived from usage based insurance telematics hasn’t been fully utilized in the claims process, the benefits it can provide – consistency, efficiency and accuracy – offer a way to reduce claims...
Allianz Q4 2015 Profit Rises to $1.6B on Cat Claims; Lower Than Analyst Estimates
Feb 19 2016 // Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe’s biggest insurer increased to 1.42 billion euros ($1.6 billion) in the quarter from...
Sierra Club Lawsuit Claims Fracking Contributing to Oklahoma Earthquakes
Feb 16 2016 // Sierra Club weighed into the controversy over fracking and increased earthquake risk with a lawsuit accusing a Chesapeake Energy Corp. unit, Devon Energy Production Co. and New Dominion LLC of triggering tremors in...
IDT911 Enhances Data Breach Services for Commercial Insureds
Feb 16 2016 // IDT911 has enhanced its DataRiskStages data breach mitigation and remediation service for insurance companies and their commercial policyholders. The DataRiskStages platform has been enriched with three new features:...
