Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
York Acquires Texas, Louisiana-Based American Claims Services
Feb 19 2014 // York Risk Services Group, a provider of claims administration and risk management services, has acquired American Claims Services Inc. (ACSI) based in Houston, Texas, and Destrehan, La. John Bannon and Bill Johnson of ACSI...
Arbella Insurance Taps Travelers Exec as VP of Claims in Mass.
Feb 19 2014 // The Arbella Insurance Group in Quincy, Massachusetts, announced the appointment of Joseph L. Salerno II as vice president of claims. Reporting to Arbella COO Janet Corcoran, Salerno will lead the entire Arbella claims...
Missouri Bill Would Create Online Database for Workers’ Comp Claims
Feb 17 2014 // An online database of workers’ compensation claims would be created under legislation passed by the Missouri Senate. Under the measure, businesses could provide a potential employee’s name and Social Security...
Greenberg’s Starr Leads Group Buying Health Claims Firm MultiPlan
Feb 17 2014 // A group led by former AIG boss Maurice “Hank” Greenberg’s Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc. Terms of the deal were not disclosed. A person...
BP Moves Ahead with Medical Payments Under $9.2B Oil Spill Settlement
Feb 13 2014 // BP Plc. won the right to move ahead with implementing the medical-benefits portion of its $9.2 billion settlement of oil spill claims with Gulf Coast residents after an appeals court dismissed the remaining plaintiffs at...
Thorpe to Lead ANV Syndicates 1861, 5820 and 779 Unified Claims Team
Feb 12 2014 // ANV Holdings BV, the Dutch headquartered specialty insurance business, announced the appointment of Jonathan Thorpe, the former Head of Claims and Legal Counsel for Syndicates 5820 and 779 to take over the leadership role...
Oklahoma, Texas Had Costliest Natural Disasters in 2013: Hartwig
Feb 11 2014 // The Oklahoma tornadoes of May 2013 not only caused significant loss of life but also contributed to its designation last year as the costliest state for natural disaster related insurance payouts, according to the...
E&O Insights: How Well Do You Know Your Own E&O Policy?
Feb 10 2014 // As many agents know, there are various standards to which they will be held in the event of litigation. There are also standards to which customers will be held. One of those standards involves a duty the customer has to...
Private, Nonprofit D&O: Gallagher’s Norton on Claims, Coverage Expansion and Outlook
Feb 10 2014 // Much has changed in the insurance industry throughout the past 20 years. What hasn’t changed so much is the type of claim to strike the private company and nonprofit directors and officers (D&O) sector. What has...
Oklahoma Insurance Department Hosting Tornado Survivor Claims, Tax Forum
Feb 5 2014 // Oklahoma Insurance Commissioner John D. Doak is hosting a consumer assistance event to help tornado survivors with their insurance claims and inform them of important tax information, including possible deductions, the...
Georgia Estimates Snowstorm Claims at $10M
Feb 5 2014 // Georgia Insurance Commissioner Ralph Hudgens said Georgians have already filed more than an estimated $10 million in claims related to last week’s snow storm. Hudgens said in a statement that insured losses include...
Lloyd’s Launches ‘Volume Claims Service’
Feb 3 2014 // Lloyd’s announced the launch of its new shared service, Volume Claims Service (VCS), which it said is “part of its overarching Claims Transformation Program, a fast and fair claims handling service which offers...
Mississippi Bills Seek More Insurance Company Cost Disclosure, Deductibles Regulation
Jan 31 2014 // Mississippi lawmakers could require insurers to disclose how much they collect in premiums and how much they pay in claims in each ZIP code under a bill advancing in the state legislature. House Bill 753 could spark more...
MMD Insurance to Offer Protection from Denied Claims for Cannabis Businesses
Jan 29 2014 // MMD Insurance Services has launched products completed operations with health hazards coverage and removed the “marijuana and its derivatives”, explicitly and in writing, for cannabis businesses in concurrence...
Seau Family Plans to Object to NFL’s $765M Concussion Deal
Jan 29 2014 // The family of the late NFL star Junior Seau plans to object to the proposed $765 million settlement of player concussion claims because the fund would not pay wrongful death claims to survivors. Although the players’...
KKR to Buy Majority Stake in Claims Firm Sedgwick for $2.4 Billion
Jan 27 2014 // Sedgwick Claims Management Services Inc. said KKR & Co. LLP and company management would buy the provider of claims services for $2.4 billion, the latest in a wave of private-equity activity in the growing industry. A...
N.J.’s Sandy Claims Mediation Program Recovered $3.4M Since May
Jan 27 2014 // New Jersey’s mediation program to assist residents with unresolved insurance claims related to Superstorm Sandy has recovered $3.42 million for consumers since the program was launched last May, New Jersey Gov. Chris...
Claims From Yarnell Hill Fire Denied by Arizona City
Jan 23 2014 // The city of Prescott has denied more than 100 damage claims seeking a total of $662 million for property owners and relatives of firefighters who died in the Yarnell Hill fire in Arizona. Ninety-one property owners filed...
R.I. Regulator Offers Consumer Tips on Winter Weather Claims
Jan 22 2014 // Recent winter storms have already left a path of damage and power outages across the country. When a storm strikes, it’s important to know what to do if the home is damaged or if the insured gets involved in an auto...
Oracle Loses Bid to Have D&O Insurer Beazley Pay $20M in Claims Over Acquisition
Jan 16 2014 // Oracle Corp. can’t rely on an insurer to pay $20 million to help settle shareholder claims over the software maker’s acquisition of a company controlled by Oracle founder Larry Ellison, a judge...
