Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
Hacker Claims to Open GM’s OnStar App, Start Engine Remotely
Jul 31 2015 // A researcher is advising drivers not to use a mobile app for General Motors Co.’s OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to unlock cars and start engines...
Worley Claims Services to Acquire Indiana-Based NCA Group
Jul 30 2015 // Hammond, La.-based insurance claims services provider, Worley Claims Services (Worley), is acquiring NCA Group Inc. (NCA), which provides daily and catastrophe residential and commercial property claims services throughout...
Claims Services Provider Dimont Names New Executive Team in Dallas
Jul 30 2015 // Dallas-based hazard claims insurance processing service provider, Dimont, has added Denis Brosnan, Albert Strausser and Dick Volentine to the company’s executive leadership team, and promoted Fran Weichsel, Darcy...
Court Upholds Dismissal of Apartheid Claims Against Ford, IBM
Jul 29 2015 // Victims of apartheid in South Africa cannot pursue lawsuits seeking to hold Ford Motor Co. and IBM Corp. liable for conducting business that helped perpetuate the practice decades ago, a U.S. appeals court ruled on...
American Claims Management’s Technology Edge Wins McCormack Baron Management Contract
Jul 29 2015 // San Diego, CA, July 29 2015– Cutting edge technology was one of the primary drivers behind McCormack Baron Management Inc.’s decision to select national third party administrator (TPA), American Claims Management...
Mitsubishi Says Edison Claims $7.57B over California Nuclear Facility
Jul 28 2015 // Mitsubishi Heavy Industries Ltd. said the operator of the San Onofre nuclear plant is claiming $7.57 billion in damages related to the shutdown of the California facility. The Tokyo-based company said in a filing that U.S....
ACE Names North America Management Team for New Chubb
Jul 28 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America...
ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims
Jul 28 2015 // ACE Limited announced that Paul Krump, currently President of Personal Lines and Claims for Chubb, will serve as Executive Vice President for Global Underwriting and Claims for the parent company, effective “upon the...
Latest New York Corruption Cases Highlight Patronage Claims
Jul 27 2015 // It’s a practice seemingly as old as politics itself: top elected officials finding jobs for their wayward sons. The criminal cases against men who used to be two of New York’s most powerful lawmakers both hinge...
ACE Creates New Head of Claims Role for Eurasia and Africa
Jul 24 2015 // ACE Group has created a new regional head of claims role for the Eurasia and Africa region and has promoted Stephen Crabb, currently political risk and energy claims manager for ACE European Group, to the position. ACE...
Crawford Names Daniel VP of U.S. Property & Casualty Client Development
Jul 23 2015 // Dan Daniel Crawford & Company has named Dan Daniel as vice president, U.S. Property & Casualty client development. He formerly served as vice president of Catastrophe Services for U.S. Property & Casualty for...
Judge in California Says Uber Must Face Taxi Suit over Safety Claims
Jul 20 2015 // Uber Technologies Inc. lost a bid to dismiss a lawsuit over its claims to being safer than taxis. U.S. District Judge Jon Tigar in San Francisco on Friday allowed the case to proceed, finding that the app-based ridesharing...
