Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Aquiline Capital Partners Investing in Louisiana’s Worley Claims Services
Oct 10 2014 // Aquiline Capital Partners LLC (Aquiline), a New York-based private equity firm, announced it is acquiring a majority stake in Worley Claims Services (Worley), headquartered in Hammond, La. Founded in 1976, Worley provides...
Labor Advocates Question Florida Immigrant Workers’ Comp Arrests
Oct 9 2014 // Florida Chief Financial Officer Jeff Atwater touted the arrests of more than 100 immigrant agriculture workers last July as an effort to crack down on the costly problem of workers’ compensation fraud. But it quickly...
N.J. Commissioner: 99.4% of Non-Flood Sandy Claims Settled
Oct 8 2014 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said that among the 470,281 non-flood, Superstorm Sandy-related homeowners, automobile and commercial claims that were filed in New Jersey, 99.4...
Louisiana’s 37-acre Sinkhole Spawns Insurance Fight
Oct 6 2014 // The collapse of a portion of a salt dome that left a 37-acre sinkhole in swampy land west of Baton Rouge has bubbled up into a $50 million dispute between the mine operator and its insurance company. Texas Brine LLC wants...
BP Still Trying to Undo Some Oil Spill Claims Payments to Nonprofits
Oct 6 2014 // BP Plc is seeking to undo payments to some victims of the 2010 Gulf of Mexico spill in a move opposing lawyers warn could open the floodgates to challenging hundreds of thousands of individual damage-claim awards. BP,...
Menendez Urges FEMA to Reform NFIP’s Claims Process
Oct 6 2014 // U.S. Sen. Robert Menendez (D-N.J.) last month sent a letter to Federal Emergency Management Agency’s (FEMA) Administrator Craig Fugate, urging him to implement a number of changes to the National Flood Insurance...
Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros
Oct 6 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. An Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of homeowners...
Coverage Options, Capacity Increase for Extreme Sports, Entertainment Risks Despite Exposures
Oct 6 2014 // Recent headline-making entertainment incidents – such as the death of actor Paul Walker during filming of the movie “Fast & Furious 7,” the collapse of the stage during country music band...
Insurer USAA Seeks OK to Test Drones for Claims Service
Oct 3 2014 // United Services Automobile Association (USAA), the insurer that specializes in coverage for military families, has filed for permission from the Federal Aviation Administration (FAA) to use unmanned drone aircraft at...
ABI ‘Frustrated’ by Judgment Applying LASPO to Mesothelioma Claims
Oct 3 2014 // A recent decision by the UK’s High Court to apply Legal Aid, Sentencing and Punishment of Offenders Act (LASPO) to mesothelioma claims has triggered a negative response from the Association of British Insurers...
‘Ike Contingent’ Pounding Insurers with Texas Hail Claims
Oct 2 2014 // Insurance availability crises are nothing new. Nor is finger-pointing about what exactly causes them. In Texas, a red state that is nonetheless home to a robust plaintiffs’ bar, sparring in a particularly active...
Greenberg’s Lawyer Says U.S. Demonized, Extorted AIG Shareholders in Bailout
Sep 29 2014 // The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice “Hank” Greenberg...
Player’s Widow Sues NFL, Claims Husband’s Suicide Due to Concussions
Sep 23 2014 // The National Football League was sued by the widow of former San Diego Chargers defensive back Paul Oliver, claiming his suicide last year was the result of head trauma and concussions he sustained. The NFL ignored,...
Demand for Liability Insurance to Rise Again
Sep 22 2014 // Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and regulatory changes, according to a new report from Swiss Re. Cyber risk,...
Losses by Business Sector
Sep 22 2014 // Aviation Improvements in airline safety are leading to far fewer catastrophic losses overall, despite 2014’s extraordinary loss activity. However, the cost of aviation claims is rising, driven by the widespread use...
E&O Insights: How Well Do You Know Your Workers’ Compensation Risk?
Sep 22 2014 // The workers’ compensation class of business results in upwards of 10 percent of all errors and omissions (E&O) claims every year. While this may not seem like a lot, it is a class agents must be sensitive to for...
Customer Experience Makes Bigger Impact Than Policy, Claims
Sep 22 2014 // Many agents understand in principle that “customer experience” is the sum total of an agency’s interactions with prospects and policyholders. In practice, however, customer service often ends up focusing...
$2.25M Additional Claims Payments Recovered in Louisiana in First Half of 2014
Sep 22 2014 // Consumers who filed complaints were helped by Louisiana Department of Insurance (LDI) to recover an additional $2.25 million in insurance payments during the first half of 2014. Insurance Commissioner Jim Donelon said the...
Treasury Hasn’t Determined Boston Bombing Was ‘Act of Terrorism’ Under TRIA
Sep 19 2014 // A U.S. Treasury Department spokesperson last week provided a statement to Boston news outlets that said “The Secretary has not determined that there has been an ‘act of terrorism’ under the Terrorism Risk...
North Carolina Claims Rep, Wife Accused of Insurance Fraud
Sep 18 2014 // North Carolina insurance officials have accused a Charlotte man of issuing what is described as unauthorized claim checks and funneling the money into his wife’s bank account. The N.C. Department of Insurance says...
