Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Florida Man Gets 6 Years for Staging Car Crashes, Filing False Claims
Aug 19 2015 // A 50-year-old Jacksonville, Florida, man has been sentenced to six years in prison for staging car crashes. The Florida Attorney’s Office announced Monday that Guillermo de la Vega pleaded guilty earlier this month...
Target Agrees to Settle Data Breach Claims with Visa
Aug 19 2015 // Target Corp. said it has reached an agreement with Visa Inc. card issuers to reimburse up to $67 million in costs related to a data breach at the retailer in 2013, according to a source familiar with the matter. The breach...
BP Settlement May Not Resolve Louisiana Universities’ Suits
Aug 18 2015 // BP PLC’s $18.7 billion settlement for its 2010 oil spill may not end lawsuits filed by two Louisiana public university systems against the oil giant, a newspaper reported. Since many details are under wraps, it...
Insurance Claims for Unplanted Crops Jump 48%
Aug 18 2015 // Insurance claims filed by U.S. farmers for crops they couldn’t plant have jumped 48 percent this year, government data show, the latest indication of how adverse weather is curbing production of corn and other...
UPDATE: Tianjin Blast Claims Could Top Estimates, Strain Chinese Insurers
Aug 18 2015 // Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit ratings agency Fitch said on Tuesday. Credit...
Arab Bank Settles Terrorism Financing Claims by U.S. Citizens
Aug 17 2015 // Arab Bank Plc has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a U.S. jury found the bank liable. The settlement was confirmed...
10 Things to Know About Hospitals
Aug 17 2015 // Hospitals of all types have provided patients with more than $459 billion in uncompensated care – no payment was received from the patient or insurer – since 2000. American Hospital Association, in a January 2015...
Report: California Workers’ Comp Premiums Growing at Double-Digit Rates
Aug 17 2015 // Workers’ compensation premiums in California continue to grow at double-digit rates, according to the Workers’ Compensation Insurance Rating Bureau. The WCIRB in July released its “State of the California...
Court Decision May Impact Workers’ Comp Side Agreements in California
Aug 17 2015 // A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar. Zurich...
FEMA Encourages Sandy Claimants Seeking Reviews to Meet Sept. 15 Deadline
Aug 14 2015 // The Federal Emergency Management Agency says it strongly encourages National Flood Insurance Program policyholders seeking Superstorm Sandy-related payment reviews to submit them by Sept. 15, but will consider all requests...
Beecher Carlson Promotes Flynn to National Casualty Claims Leader
Aug 11 2015 // Beecher Carlson Insurance Services, LLC, a specialized large account insurance broker, has promoted Suzanne Flynn to managing director and leader, National Casualty Claims. Flynn will lead the claims team while providing...
Attorney: Hail Claims ‘Cottage Industry’ Bad News for Texas
Aug 10 2015 // The rise of rampant claims litigation against property insurers following hailstorms in Texas has created a “cottage industry” that not only threatens the financial health of the state’s property...
Court Decision May Impact Workers’ Comp Side Agreements in California
Aug 7 2015 // A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar. Zurich...
NYC Comptroller: Potholes Cost $138M in Settlements Over Last 6 Years
Aug 7 2015 // New York City should be quicker to repair potholes, which have cost taxpayers $138 million in settlements over the last six years, City Comptroller Scott Stringer said. Stringer released an analysis last week that showed...
UPDATE: Allianz 2nd Quarter Profit Rises 15% on Fewer Nat Cat Claims
Aug 7 2015 // Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co. Net income increased to 2.02...
Munich Re Q2 Net Income Rises to $1.14 Billion on Lower Catastrophe Claims
Aug 6 2015 // Munich Re, the world’s biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose. Net income rose to 1.07 billion euros [$1.14 billion]...
Report: California Workers’ Comp Premiums Growing at Double-Digit Rates
Aug 5 2015 // Workers’ compensation premiums in California continue to grow at double-digit rates, according to the Workers’ Compensation Insurance Rating Bureau. The WCIRB recently released its “State of the...
Auto Claims Hit Allstate’s Q2 Results
Aug 5 2015 // Allstate Corp. reported net income fell to $355 million in the second quarter, down from $645 million, as the insurer coped with rising auto claims costs. The Allstate brand suffered an underwriting loss for the...
U.S. Appeals Court Rules for State Farm Whistleblowers in Katrina Fraud Case
Aug 3 2015 // A federal appeals court has ruled that whistleblowers who sued State Farm Fire and Casualty Co. can seek more evidence of fraud against the U.S. government after 2005’s Hurricane Katrina. In its decision, the New...
The Ins and Outs of Bad Faith Claims in Florida
Aug 3 2015 // Coverage, liability and damages analyses are the three common themes of Florida third party bad faith cases, according to two southeast Cozen O’Connor attorneys. The attorneys presented on the subject during a...
