Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
Sedgwick to Acquire VeriClaim, Other T&H Units
Sep 17 2014 // Sedgwick Claims Management Services Inc. has agreed to acquire T&H Global Holdings, LLC and its subsidiaries that provide insurance claims services to insurance carriers, insurance brokers, corporations and public...
North Dakota Farmers Filing Insurance Claims for Wheat Crop
Sep 15 2014 // Crop insurance agents in North Dakota say they have begun receiving claims and expect more than the usual number to come in because a lot of wheat still unharvested. The Bismarck Tribune reports that a snowy April and wet...
NFL’s Concussion Claims Could Reach $950 Million
Sep 15 2014 // The National Football League will have to pay about $950 million to resolve players’ head-injury claims, based on estimates that fewer than one in five will seek compensation for injuries eligible for cash awards,...
Demand for Liability Insurance to Rise Again: Swiss Re
Sep 15 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,...
N.J. Sen. Menendez Urges FEMA to Reform NFIP’s Claims Process
Sep 12 2014 // Following up on issues that were raised at the July 30 hearing on post-Sandy flood insurance claims, U.S. Sen. Robert Menendez (D-N.J.) sent a letter on Wednesday, Sept. 10, to Federal Emergency Management Agency’s...
California Earthquake Claims First Death
Sep 12 2014 // A 65-year-old woman who suffered a head injury when a television struck her during last month’s earthquake in California’s wine country has died – the first death attributed to the magnitude-6.0 temblor,...
Court Denies Players’ Appeal of NFL Concussion Claims Deal
Sep 12 2014 // A group of retired National Football League players can’t appeal a judge’s preliminary approval of a $765 million settlement of concussion claims with the NFL they say excludes compensation for future...
Accountants to Face Malpractice Claims in Alabama’s Colonial Bancorp Failure
Sep 11 2014 // Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a...
4 Strategies for Restoring Workers’ Compensation Profitability
Sep 9 2014 // Selling workers’ compensation comes at a price. In 2013, underwriters generated a loss of one percent for every premium dollar written. As such, agents also face many financial constraints, making this line of...
Missouri Insurance Director: Claims from Ferguson Riots Limited to Businesses
Sep 8 2014 // Property damage claims resulting from the rioting in Ferguson, Mo., in August are limited primarily to commercial property housing small businesses, according to the state’s chief insurance regulator. “There...
Settlements Against Uninsured New Mexico Rail Service Reach Nearly $8M
Sep 8 2014 // New Mexico’s commuter rail service has received a free ride while taxpayers have shelled out nearly $8 million to settle damage claims against the Rail Runner Express, according to state records. The Rail Runner,...
Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros
Sep 8 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of...
Insurance Experts: Does It Really Take One to Know One?
Sep 8 2014 // When an insurance agent is sued for professional negligence, a question arises as to whether the breach of the agent’s duty of care requires the testimony of another insurance agent or broker who testifies that the...
Take Time to Minimize Your Exposure to E&O Claims
Sep 8 2014 // During my more than 20-year career in the insurance industry, I have spent hours working with my colleagues to prevent hard-earned, front-end revenues from leaking out the back door due to errors and omissions. When a...
