Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
If Auto Injury Claims Frequency Is Falling, Why Are Claims Costs Rising?
Oct 7 2015 // Auto insurance bodily injury claims costs are still increasing in the United States, even though better vehicle safety has helped reduce claims frequency, according to the Insurance Research Council (IRC). The insurance...
Southeast Storm Update: Significant Auto Losses Expected
Oct 6 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...
Robinson Joins Horace Mann as Sr. VP, Claims
Oct 6 2015 // Horace Mann Educators Corp., based in Springfield, Ill., added Allan Robinson as senior vice president, Claims. In this role, Robinson will lead the property/casualty claims operations. Robinson comes to Horace Mann from...
Conn. High Court Reinforces Protections for Private Sector Whistleblowers
Oct 6 2015 // Connecticut’s highest court made it easier for private sector workers to bring whistleblower claims against their employers without fear of retaliation, ruling in a case brought by a former UBS AG real estate...
BP’s Oil Spill Settlement with Gulf States, U.S. Tops $20 Billion
Oct 6 2015 // The value of BP Plc’s settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill rose to $20.8 billion in the latest tally of costs from the U.S. Department of Justice. The...
South Carolina Insurance Director: Insurers Ready for Claims from ‘Devastating’ Storm
Oct 5 2015 // The insurance industry is bracing itself for an expected onslaught of claims in the wake of what South Carolina officials are calling a 1 in 1,000 year storm. “This is an extremely devastating event,” said...
Crisis Services Top Insurers’ Cyber Claims Payouts; Average Claim at $674K
Oct 5 2015 // New claims costs data reveal a wide discrepancy on costs associated with cyber losses. More than $75.5 million has been spent on cyber claims losses as reported in the latest cyber claims study published by NetDiligence, a...
CVS Settles Fraud Claims by Investors for $48M
Oct 5 2015 // CVS Health Corp. reached a $48 million settlement of a lawsuit accusing the U.S. drugstore operator of fraudulently concealing a big loss of revenue in its pharmacy benefits manager business, culminating in a plunge in its...
Morgan Stanley Among Employers Shifting Job Bias Claims to Arbitration
Oct 2 2015 // Morgan Stanley is asking employees to give up their right to sue the firm in class actions for civil rights violations including discrimination based on race, gender or age, according to a former employee’s...
Citizens’ CEO Updates Board on ‘Critical’ Water Loss Issue, Depopulation Program
Oct 1 2015 // Citizens Property Insurance Corporation’s top executive warned the company’s Board of Governors Wednesday that water loss claims will continue to hamper efforts to reduce rates for many Florida...
Farmers Estimates $225M Loss from Northern California Fires
Sep 30 2015 // Farmers Insurance reported more than 1,300 claims filed, and an anticipated 1,800 total, with an estimated overall loss of roughly $225 million from two California wildfires that burned nearly 150,000 acres this month in...
Surgical Funding Firm Accused of Inflating Claims
Sep 29 2015 // A unit of Johnson & Johnson that makes artificial hips has accused a surgical funding company of seeking excessive profits from financing surgery for patients suing over the devices. The claim by DePuy Orthopaedics...
ACE Launches $100M Cyber Security Facility for Large Corporations
Sep 25 2015 // ACE Group has launched ACE’s Global Cyber Facility to offer cyber security insurance protection for large corporations. ACE’s Global Cyber Facility provides up to $100 million of primary capacity and...
California Blazes Destroy 2,000-plus Homes, Curb Insurer Appetites
Sep 23 2015 // A pair of massive California wildfires that have destroyed more than 2,000 structures are now considered among the most damaging fires in state history, and they could change the way insurers view risk or conduct...
Report: Law Enforcement Claims Cost South Carolina $17M in 2014
Sep 23 2015 // South Carolina taxpayers are spending millions of dollars a year addressing alleged misdeeds by law officers or detention officials including excessive force and civil rights violations. The Greenville News reports the...
West Virginia Funeral Home Sued for Filing False Death Claims to Insurers
Sep 21 2015 // The operators of a Putnam County, West Virginia funeral home are being accused of filing false death claims to insurance companies on behalf of pre-need contract customers who were still alive. Attorney General Patrick...
Construction Defect Analysis for Occurrence and Manifestation Occurrence Form Policies
Sep 21 2015 // The commercial general liability (CGL) policy is the standard insurance policy used for construction liability risks. Because of this, a question often arises as to whether or not the policy that’s in force when the...
South Florida Hospital Settles Physician Claims With U.S. for $69.5M
Sep 18 2015 // The Justice Department has reached a $69.5 million settlement with a South Florida hospital district accused in a lawsuit of improper financial relationships with doctors who referred patients to the district. Federal...
CVS Settles Fraud Claims by Investors for $48M
Sep 17 2015 // CVS Health Corp. reached a $48 million settlement of a lawsuit accusing the U.S. drugstore operator of fraudulently concealing a big loss of revenue in its pharmacy benefits manager business, culminating in a plunge in its...
Irish Insurers Face Higher Reserves; Fairfax Financial to Invest in FBD Holdings
Sep 17 2015 // Irish insurers will have to set aside significantly more reserves to cover car-crash, workplace injuries and other claims as compensation payouts surge, according to the industry’s regulator. The nation’s...
