Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
South Carolina Insurers to Weather at Least $181M in Claims from October Storm
Dec 21 2015 // The mega-storm that devastated South Carolina in early October is estimated to have cost more than $1.4 billion with insurers paying around $181 million of those losses in claims, so far. South Carolina Gov. Nikki Haley...
Citizens Board Clarifies Policy Language for Florida Water Losses
Dec 21 2015 // Citizens Property Insurance Corporation’s Board of Governors approved a slate of policy changes Dec. 8 to bolster oversight of water loss claims while continuing to protect policyholders who need immediate emergency...
Delaware Issues Bulletin on PIP Subrogation Claims
Dec 21 2015 // The Delaware Department of Insurance is reminding auto insurers that broad release language in settlement agreements which technically preclude a personal injury protection (PIP) carrier from pursuing its subrogation claim...
Buyers of Expiring Patents See Profit in Infringement Claims
Dec 17 2015 // The 1990s may be over but patents from that era live on. U.S. courts are seeing a rash of lawsuits involving old and sometimes expired patents as companies try to squeeze the last bit of profits from their 20-year-old...
Delaware Warns Insurers About Circumventing PIP Subrogation Claims
Dec 15 2015 // The Delaware Department of Insurance is reminding auto insurers that broad release language in settlement agreements which technically preclude a personal injury protection (PIP) carrier from pursuing its subrogation claim...
Louisiana Shipyard Settles ‘False Claims’ Suit for $8.5M
Dec 10 2015 // A Louisiana ship-building company will pay $8.5 million to settle a 2011 lawsuit arising from modifications made to ships for the Coast Guard, the U.S. Justice Department said. The lawsuit alleged that Bollinger Shipyards...
GM Settles Ignition Victims Claims for $600 Million
Dec 10 2015 // General Motors Co. paid less than $600 million to settle claims by victims of its flawed ignition switches, a slightly smaller sum than what the automaker told investors it expected to pay, after a 20-month-long...
Business Interruption Claims on the Rise: Allianz
Dec 10 2015 // The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a...
Florida High Court: Citizens Immune from First-Party Bad Faith Claims
Dec 9 2015 // In Citizens Property Ins. Corp. v. Perdido Sun Condominium Ass’n, Inc., 164 So.3d 663 (Fla. 2015), the Florida Supreme Court held that Citizens Property Insurance Corporation, a state-created entity that provided...
Citizens Approves Policy Language Changes to Tackle Water Loss Issue
Dec 9 2015 // Citizens Property Insurance Corporation’s Board of Governors on Wednesday approved a slate of policy changes to bolster oversight of water loss claims while continuing to protect policyholders who need immediate...
California Judge Breyer Expected to Combine, Expedite VW Diesel Claims
Dec 9 2015 // A San Francisco judge who is the brother of Supreme Court Justice Stephen Breyer will oversee more than 500 consumer lawsuits against Volkswagen AG over claims of economic losses connected to rigged emissions-testing...
Hiscox USA Names Atlanta-Based Falchuk Head of Claims
Dec 9 2015 // Hiscox appointed Bryan Falchuk as head of Claims for its Hiscox USA business unit. Falchuk will be based in Atlanta and replaces former Head of Claims Nicole Goodwin, who became chief underwriting officer of the business...
South Carolina Insurers to Weather At Least $181M in Claims from October Storm
Dec 8 2015 // A pickup truck rests against the side of Gills Creek near a bridge in Columbia, S.C., Monday, Oct. 5, 2015. Days of torrential rains kept much of South Carolina and its capital gripped by floodwaters early Monday. (AP...
Cyber Insurance Underwriting Moves from ‘Toddler’ to ‘Teen’ As Insurers Learn from Claims
Dec 8 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Insurers Braced for Claims Surge as 10-Year High Floods Hit India
Dec 8 2015 // Insurers from Lombard General Insurance Co. to American International Group Inc. are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the city home to factories...
South Carolina Establishes New Precedent for Legal Malpractice Cases
Dec 7 2015 // The South Carolina Supreme Court has reversed a decade old precedent-setting decision in which it dismissed a legal malpractice case based on the expiration of the statute of limitations and in doing so adopted a new rule...
Target Settles 2013 Data Breach Claims with Banks
Dec 3 2015 // Target Corp. will pay about $39 million to banks and credit unions to resolve losses from a 2013 holiday- season data breach, as retailers and financial institutions continue to grapple with the costs of major hacker...
Texas Firm to Pay Over $3M to Settle Ambulance Kickback Claims
Dec 2 2015 // A Texas company that operates nursing care facilities will pay nearly $3.2 million to settle allegations of receiving kickbacks from ambulance companies. Regent Management Services of Galveston oversees 11 nursing...
Why Wage and Hour Claims Keep Rising
Dec 2 2015 // This was another historic year for federal wage and hour lawsuits. Using data obtained from the Federal Judicial Center, law firm Seyfarth Shaw LLP reported that 8,781 cases were filed in 2015 under the Fair Labor...
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...
