Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
No Insurer Assessments for TWIA, for Now
Aug 29 2013 // Despite pleas from officials and policyholders in Texas Gulf Coast communities, the board of the state’s insurer of last resort for wind along the coast has decided not to assess its member insurance companies for...
7 Charged With Filing False Gulf Oil Spill Claims
Aug 29 2013 // Federal prosecutors are charging seven people with mail fraud and false claims related to the BP oil spill. U.S. Attorney Pamela Marsh said that five of those charged had been employees at a Pensacola Beach restaurant...
Judge Denies BP’s Bid to Halt Gulf Oil Spill Payments Pending Investigation
Aug 28 2013 // BP Plc lost a renewed bid to suspend payments from the court-supervised program administering its settlement of claims tied to the 2010 Gulf of Mexico oil spill. An investigation of alleged wrongdoing at the Mobile,...
Indiana Lawmaker Wants to Lower Rates Homeowners Pay to Insurance Fund
Aug 27 2013 // A state lawmaker concerned about Indiana’s recent move to dip into a fund set aside for repairs to homes damaged by soil shifting above old coal mines wants the state’s insurance commissioner to lower the...
Gulf Oil Spill Claims Chief Disputes BP Misconduct Charges
Aug 27 2013 // BP Plc’s allegations of misconduct in the program set up to pay claims in the settlement over the 2010 Gulf of Mexico oil spill were called unfounded by the administrator of the program. Patrick Juneau, the...
Massachusetts High Court Rules for Horace Mann in Policy Reformation Case
Aug 26 2013 // The Massachusetts Supreme Judicial Court, the state’s highest court, recently ruled in favor of an insurance carrier in a case involving a mutual misunderstanding by both the homeowners policyholder and an insurance...
Insurer Denies Claims by North Dakota Potato Baron
Aug 26 2013 // The group that insures an Idaho potato company said in court documents filed on Aug. 23 it should not have to pay the legal bills of a North Dakota man who serves as chairman of the company. Ronald Offutt Jr., of Fargo,...
Travelers to Exit NFIP’s Write-Your-Own Program
Aug 23 2013 // The Travelers Companies said it plans to discontinue its participation as a Write-Your-Own (WYO) company in the National Flood Insurance Program. Travelers is selling its WYO policy renewal rights interest to American...
BP Oil Spill Claims Deadline Likely to Be Extended
Aug 23 2013 // The April 2014 deadline for compensation claims against BP over its U.S. oil spill is almost certain to be extended, say both side of the legal settlement that governs payouts, possibly into 2015. The last date for claims,...
New Hampshire Court Outlines Drunk Defense in Workers’ Comp Claims
Aug 22 2013 // The New Hampshire Supreme Court has ruled that intoxication must be determined to be the cause of an accident for it to be a defense against a workers’ compensation claim. The court sent Thomas Phillips’ case...
College Athletes’ Claims Over Video Game Images Delayed
Aug 22 2013 // Electronic Arts Inc. won a court ruling that puts on hold claims accusing the company of profiting from using likenesses of college athletes in its video games. The ruling by a federal appeals court in San Francisco will...
IAG Profit More Than Triples as Natural Disaster Claims Fall
Aug 22 2013 // Insurance Australia Group Ltd., the nation’s biggest car and home insurer, reported full-year net income more than triple a year earlier as claims fell and premiums rose. Net income rose to A$776 million ($697...
Hurricane Sandy Rebuilding Task Force Addresses Insurance Challenges
Aug 20 2013 // The Hurricane Sandy Rebuilding Task Force, led by the U.S. Department of Housing and Urban Development, issued a report Monday that provides recommendations for mitigating harm from future storms. Recommendations include...
Ironshore Specialty Launches Claims-Made Policy Form for Product Liability Risks
Aug 20 2013 // Ironshore Inc.’s Specialty Casualty unit is launching a new claims-made policy form to complement its suite of products and services available to the commercial general liability market for prospective insureds...
GEICO Names Assistant VP of Claims Operation in Buffalo, N.Y.
Aug 20 2013 // David Hodge has been named assistant vice president of claims for auto insurer GEICO’s Buffalo, N.Y., regional office. Hodge previously served as the liability director of GEICO’s Virginia Beach, Va., regional...
QBE Net Income Falls 37% on Claims, Lower U.S. Premiums
Aug 20 2013 // QBE Insurance Group Ltd., Australia’s largest insurer by market value, posted a 37 percent fall in first-half net income as premiums fell in North America and it set aside more for unresolved claims. Net income...
Amlin First-Half Profit Drops 17% as Catastrophe Claims Mount
Aug 19 2013 // Amlin Plc, the second-biggest Lloyd’s of London insurer by market value, posted a 17 percent drop in first-half profit as catastrophe claims jumped on flooding in central Europe. Profit was £140.2 million ($219...
Q&A: Why Sinkholes Form in Florida
Aug 15 2013 // Sections of a building at a resort near Orlando’s theme park district collapsed into a sinkhole on Aug. 12, forcing the evacuation of 105 guests in the structure and also dozens of visitors staying in two adjacent...
Judge Throws Out Race-Based Claims in Paula Deen Lawsuit
Aug 15 2013 // A federal judge this week threw out race discrimination claims by a former Savannah restaurant manager whose lawsuit against Paula Deen has already cost the celebrity cook a valuable chunk of her culinary empire. Lisa...
N.J.’s Sandy Claims Mediation Program Received 488 Requests So Far
Aug 14 2013 // New Jersey has received 488 requests so far for Superstorm Sandy-related claims mediation since the program’s launch in May, officials said Tuesday.Anne Marie Narcini, chief of market regulation for the insurance...
