Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Meadowbrook Insurance Group: $5.1M Known Claims from Hurricane Sandy
Dec 12 2012 // Meadowbrook Insurance Group Inc., headquartered in Southfield, Mich., reported that so far it has approximately $5.1 million of known claims resulting from Hurricane Sandy. The claims reported from Hurricane Sandy are...
NJM Insurance: Sandy-Related Claims Could Exceed $300M
Dec 6 2012 // With more than 52,000 Sandy-related claims filed to date, New Jersey Manufacturers Insurance Company said it anticipates that payouts to policyholders who have suffered covered losses could exceed $300 million — four...
Ohio Senate Panel Advances Asbestos Lawsuit Bill
Dec 6 2012 // An Ohio Senate committee advanced a bill on Dec. 4 aimed at curbing duplicate lawsuits over on-the-job asbestos exposure in a state with one of the largest backlogs of such cases in the nation. The bill cleared the...
Theft and Vandalism Claims Have Carriers on Edge in Vacant Property Segment
Dec 3 2012 // Insurers are restricting the availability of theft and vandalism coverage in the vacant property insurance market, where there is still plenty of available business. Vacant property provided a boost for some insurers...
Georgia Eyes No-Fault Plan for Medical Malpractice
Dec 3 2012 // Georgia physicians are debating whether to push for a state constitutional amendment to reinstate a $350,000 cap on medical malpractice non-economic damages or scrap the current tort driven system in favor of a scheme...
New York Gov. Cuomo Orders Insurers to Speed Up Sandy Claims
Nov 30 2012 // New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when...
Ohio Work Comp Bureau Launches Online Tool to Assist Employers
Nov 27 2012 // The Ohio Bureau of Workers’ Compensation (BWC) announced a new online tool that makes it easier for employers to navigate and manage the details of their workers’ compensation insurance policy. My Policy Page...
Agency E&O Outlook: Competition, Hard Market, Healthcare Effects and More
Nov 27 2012 // Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and...
Attorneys Discuss Importance of Event Cancellation Insurance
Nov 26 2012 // The cancellation of the 2012 New York City Marathon was disappointing to the approximately 47,000 runners who dedicated months to training for the race, many of whom had already spent a significant amount of time and money...
Veterans’ Advocate Seeks to Change Attorneys’ Role in Disability Claims
Nov 26 2012 // David Huffman has helped thousands of military veterans seeking disability benefits navigate the complex, often slow and at times frustrating claims process. The Wood County, West Virginia lawyer can relate: he was a...
Brace to Join Catlin as Group Claims Director
Nov 26 2012 // The Bermuda-based Catlin Group Limited announced that Glenn Brace will join Catlin in early 2013 as Group Claims Director. He will be responsible for Catlin’s worldwide claims operations, including the claims...
Swiss Re Estimates Claims from Hurricane Sandy at around $900 Million Net
Nov 26 2012 // Swiss Re announced that its estimates of claims from Hurricane Sandy are around $900 million, net of retrocession and before tax. The bulletin warned, however, that “this estimate is subject to a higher than usual...
Insurers Go Beyond Paying Claims for Sandy Victims
Nov 21 2012 // According to the U.S. Chamber of Commerce, Superstorm Sandy affected 16 states causing unprecedented damage to the East Coast. As a result of the storm, businesses including insurers have pledged more than $123 million to...
Group Warns ACC Clauses Might Apply in Devastating Breezy Point Fire
Nov 20 2012 // When Superstorm Sandy battered the East Coast with high winds and a massive storm surge, 111 homes in the Queens, New York, neighborhood of Breezy Point were destroyed by a fast-spreading fire. This week, the Consumer...
Georgia Physicans Mull Workers’ Compensation-Like Plan for Medical Malpractice
Nov 20 2012 // Georgia physicians are debating whether to push for a state constitutional amendment to reinstate a $350,000 cap on medical malpractice non-economic damages or scrap the current tort driven system in favor of a scheme...
BP Pays $12M in Claims to Date in Midwest Bad Gas Recall
Nov 19 2012 // BP says it has paid more than $12 million in claims arising from a multistate recall of incorrectly formulated gasoline that damaged some vehicles’ mechanical components. BP spokesman Scott Dean tells The Times of...
Florida Advocate Scrutinizes Insurer Use of Credit History to Deny Claims
Nov 19 2012 // Florida’s consumer advocate has called for an investigation into insurers using homeowners’ past credit history to deny claims and cancel policies even though the homeowners have paid premiums for...
Louisiana Citizens Property Insurance Corp. $56M in the Red
Nov 19 2012 // Louisiana’s state-run property insurer of last resort is $56 million in the red, after it covers claims for Hurricane Isaac and settles class-action lawsuits for improper handling of past storm claims. Steve...
I.I.I. Offers Advice to Business Owners on Preparing for Adjuster’s Visit
Nov 15 2012 // The Insurance Information Institute today issued a step-by-step guide to help business owners who are filing a claim in the wake of Sandy. The Institute said there are steps business owners can take now to make the most of...
Adjusters Battling Power, Phone Outage, Long Gas Lines, Blocked Roads
Nov 15 2012 // Major insurers have deployed thousands of claims adjusters in the Northeast in the wake of Superstorm Sandy — they are working from dawn until late night to make contacts with policyholders, complete the estimate...
