Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Veterans’ Medical Malpractice Costs Rising As More Soldiers Seek Care
Sep 13 2013 // Christopher Ellison went to a veterans medical center in Philadelphia to get eight teeth extracted in 2007. What should have been a routine dentist visit left him permanently incapacitated. The $17.5 million Ellison and...
Berkshire Hathaway Specialty Names VP of Claims, Executive & Professional Lines
Sep 12 2013 // Berkshire Hathaway Specialty Insurance — the recently launched commercial P/C insurance unit of Berkshire Hathaway — continues to boost its team roster. This week it announced the appointment of Todd Greeley as...
BP Texas Refinery Neighbors Seek Billions at Toxic-Gas Trial
Sep 11 2013 // BP Plc faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they’ll give the billions of dollars in punitive damages they’re seeking to charity if they win at...
BP Opposes Using Spill Settlement to Pay Drilling Moratorium Losses
Sep 11 2013 // BP Plc’s oil-spill claims administrator shouldn’t be allowed to extend a settlement to cover the claims of losses caused by the Obama administration’s deep-water drilling ban, the company told a...
PG&E to Settle Remaining Pipeline Explosion Claims in Northern California
Sep 10 2013 // PG&E Corp., owner of California’s largest utility, said it will settle “substantially all” remaining personal injury and property damage claims from a 2010 natural gas pipeline explosion that killed...
JP Morgan, Assurant Settle Force-Placed Insurance Claims for $300M
Sep 10 2013 // JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they forced homeowners into over-priced property insurance and entered into kickback arrangements that...
U.K. Probing 2 Banks Over Payment Protection Insurance Claims
Sep 10 2013 // The U.K.’s markets regulator is investigating allegations that banks are dismissing claims for payment protection insurance compensation. The Financial Conduct Authority has at least two separate probes in progress,...
Bank of America, Merrill Settle Gender Bias Claims for $39M
Sep 9 2013 // Bank of America Corp. agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid less than men and deprived of handling their fair share of lucrative accounts, court papers made...
Workers’ Compensation Market: Challenges Remain Despite Recent Improvements
Sep 9 2013 // The market for workers’ compensation insurance is in a recovery phase of the underwriting cycle after several years of poor results. In particular, premium rates continued to increase meaningfully through the first...
California Supreme Court Expands Unfair Competition Law to Insurers
Sep 9 2013 // The California Supreme Court issued its long-awaited decision in Zhang v. Superior Court, a case examining the scope of the California Unfair Competition Law (UCL, California Business and Professions Code §§ 17200 et...
Insurers Paid Out $1.2M for Boston Bombing-Related P/C Claims So Far
Sep 9 2013 // The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR...
Probe Clears BP Oil Spill Claims Chief But Finds Staff Misconduct
Sep 8 2013 // An investigation led by former FBI Director Louis Freeh cleared the BP claims administrator of misconduct in handling settlement payouts from the 2010 oil spill in the Gulf of Mexico on Friday, but found some of his staff...
3 N.J. Men Accused of Filing Fraudulent Cell Phone Insurance Claims Worth $160K
Sep 6 2013 // New Jersey authorities said three New Jersey men have been charged with engaging in a scheme to submit fraudulent cell phone loss claims to Asurion Insurance Services. The Passaic County Prosecutor’s Office said...
KKR to Buy Claims Technology Firm Mitchell in $1B Deal
Sep 6 2013 // KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy ., the first buyout by the firm’s technology group since the head of the team stepped down earlier this year. The...
Reinsurance Terms and Conditions, More Than Price, Could Be Focus in 2014
Sep 6 2013 // Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. “I expect the market staying flat to ticking down, on the...
Military Contractor KBR Seeks Immunity from Soldiers’ Toxic Exposure Claims
Sep 5 2013 // KBR Inc. is invoking federal laws shielding contractors during wartime in an effort to avoid a Texas trial over injuries claimed by troops who were exposed to toxic chemicals while guarding a work site in Iraq. KBR argued...
Insurers Have Paid $1.2M for Boston Bombing P/C Claims So Far; Health Claims to Top $22M
Aug 30 2013 // The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR...
Lawsuit Against Sotheby’s Claims $218 Painting Is Actually a $16M Caravaggio
Aug 29 2013 // A painting bought by a British naval doctor for 140 pounds ($218) in 1962 may now be worth as much as 10 million pounds if his descendant can prove it’s a Caravaggio. The authenticity of “The Cardsharps”...
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...
