Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Sedgwick Claims Management Could Fetch $2 Billion: Reuters
Dec 24 2013 // Private equity-owned Sedgwick Claims Management Services Inc, one of the largest U.S. providers of claims services, is exploring a sale that could value it at more than $2 billion, according to four people familiar with...
New York Issues $370M in Bonds to Resolve Workers’ Compensation Claims
Dec 23 2013 // New York Gov. Andrew Cuomo announced last Friday the state issued $370 million in bonds to assist businesses in failed group self-insured trusts fulfill their obligations to their injured workers. The bonding is made...
NICB: Florida Posts 23% Spike in Questionable Insurance Claims
Dec 19 2013 // Florida’s questionable claims rose 23 percent from 2010 to 2012, according to the National Insurance Crime Bureau’s (NICB) 2010-2012 Florida questionable claims referral reason analysis. Questionable claims...
Questionable Insurance Claims on the Rise in Texas: Report
Dec 18 2013 // Questionable insurance claims rose by 38 percent in Texas from 2010 through 2012, the National Insurance Crime Bureau (NICB) reports. Questionable claims (QC) are those claims that NICB member insurance companies refer to...
NICB: Questionable Insurance Claims on the Rise in New York, New Jersey
Dec 18 2013 // New York State’s questionable claims rose 29 percent from 2010 to 2012, while New Jersey’s questionable claims were up 63 percent during the same period, according to the National Insurance Crime Bureau (NICB)....
BP Seeks Halt to Oil Spill Payments to Seafood Firms, Alleges Attorney Fraud
Dec 18 2013 // BP Plc asked a U.S. judge to stop payments in the $2.3 billion seafood-industry portion of its settlement over the 2010 Gulf of Mexico oil spill pending an investigation of fraud claims against a plaintiffs’...
NICB: Massachusetts Posts 57% Increase in Questionable Insurance Claims
Dec 17 2013 // Questionable claims in Massachusetts rose 57 percent from 2010 through 2012, according to the National Insurance Crime Bureau’s (NICB) 2010-2012 Massachusetts questionable claims referral reason...
State Farm: No Unusual Claims Activity in Northeast From Weekend Snowstorm
Dec 17 2013 // State Farm Mutual Automobile Insurance Co. says last weekend’s snowstorm that dropped as much as 17 inches of snow in parts of the Northeast didn’t have much of an impact in terms of claims activities in the...
California School District Faces $17 Million In Claims
Dec 17 2013 // The San Juan Unified School District in California faces $17 million in claims over harassment allegations, with ten lawsuits alleging that Superintendent Glynn Thompson created a hostile workplace. The Sacramento Bee...
Nasdaq Denied Immunity for Some Investors’ Claims Over Facebook IPO
Dec 17 2013 // Nasdaq OMX Group Inc. must face some of the negligence and securities law claims by investors who alleged they suffered $500 million in damages from the exchange’s handling of Facebook Inc.’s May 2012 initial...
Texas Windstorm Insurance Association Disavows Racism Allegations
Dec 16 2013 // Texas’ insurer of last resort in coastal areas has denied allegations that a culture of racism has existed within the organization. Responding to claims by a Houston-based trial lawyer that employees of the Texas...
Insurance Crime Bureau: 38% Drop in Questionable Claims in Michigan
Dec 16 2013 // Questionable insurance claims in Michigan dropped by 38 percent from 2010 through 2012, according to the National Insurance Crime Bureau (NICB). Questionable claims (QC) are those claims that NICB member insurance...
Philadelphia Claims Adjuster Charged With Stealing $700K
Dec 16 2013 // A Philadelphia insurance adjuster has been jailed on charges he stole more than $700,000 from 29 successful claims made by people in the suburbs, including 10 stemming from property damage caused by Hurricane Sandy last...
Toyota to Begin Talks to Settle Acceleration Claims
Dec 16 2013 // Toyota Motor Corp. will begin talks to potentially settle hundreds of lawsuits alleging that defects caused some of its vehicles to unexpectedly accelerate, according to a court filing. Last Thursday’s order from...
Excess Insurance and Equitable Subrogation: Oklahoma Clarifies Equitable Subrogation Rule
Dec 12 2013 // Most jurisdictions have held that an insurance company with the primary policy owes a duty of good faith and fair dealing to the insurance company with the excess policy requiring a settlement of claims within the primary...
Ehrlich Named CAMICO VP, Chief Claims Officer in California
Dec 11 2013 // San Mateo, Calif.-based CAMICO, a CPA-focused program of insurance and risk management for the accounting profession, named Rachel Ehrlich vice president and chief claims officer. Ehrlich has served in various legal, claim...
Costs per Workers’ Comp Claims in Michigan Low Prior to 2011 Reforms
Dec 9 2013 // The total costs for a workers’ compensation claim in Michigan were low compared with other states according to a recent study by the Workers Compensation Research Institute (WCRI), Michigan System Performance Prior...
Group Health Plans Pay for ‘Zero-Cost’ Workers’ Compensation Claims: Study
Dec 9 2013 // Workers’ compensation claims that result in no payment lead to millions of dollars in increased costs for employee group insurance plans, new research shows. Nationwide, so-called “zero-cost”...
Students’ Concussion Suits Against NCAA, Unlike NFL Suits, Defy Grouping
Dec 6 2013 // Ex-football players’ head-trauma lawsuits against the National Collegiate Athletic Association, unlike National Football League cases consolidated by federal judges and later settled for $765 million, defy easy...
N.Y. Settling Worker-Insurance Claims With AAA Issue: Muni Deals
Dec 2 2013 // The New York Dormitory Authority is borrowing $370 million this week to repay workers’ compensation claims, the first sale under a regulatory overhaul that Democratic Governor Andrew Cuomo said will save $1.2...
