Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Utah Says Energy Giant Falsified $25M in Claims
Jul 23 2012 // Petroleum giant ConocoPhillips filed $25 million in false insurance claims over 14 years for cleanup of leaky underground storage tanks, a state lawsuit charged. The lawsuit filed earlier this month in 3rd District Court...
After the Derecho Storm, Claims Are Pouring In
Jul 23 2012 // As the mid-Atlantic states continue to recover from last month’s destructive “derecho” storm system, insurance claims have been pouring in by tens of thousands. In Maryland, over 30,000 derecho-related...
What to Know About the NEW & IMPROVED Flood Program
Jul 23 2012 // Now with Fewer Subsidies, Minimum Deductibles, Multifamily Coverage and More If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite a...
Texas Supreme Court: Bad Faith Tort Inconsistent with Workers’ Comp System
Jul 23 2012 // In what has been called a landmark decision, the Supreme Court of Texas has found that a bad faith cause of action is inconsistent with the current workers’ compensation system. The Court’s decision strengthens...
Record Number of Farmers Expected to File Crop Insurance Claims
Jul 20 2012 // The drought ravaging America’s prime farmland is having an unexpected consequence that could shape the future of agricultural finance: in some cases, farmers who have amped up their insurance coverage may be giving...
Understanding Premises and Dram Shop Liability Triggers
Jul 17 2012 // Claims involving allegations of alcohol intoxication require careful analysis when determining what policy or policies may apply. Two common theories centered on alcohol-related allegations that come into play include...
Why Workers’ Compensation Leads in E&O Claims
Jul 16 2012 // Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess...
Utah Says Energy Giant Falsified $25M in Claims
Jul 13 2012 // Petroleum giant ConocoPhillips filed $25 million in false insurance claims over 14 years for cleanup of leaky underground storage tanks, a state lawsuit charged. The lawsuit filed earlier this week in 3rd District Court...
Malpractice Claims at Record Low, Not Driving Health Costs: Consumer Group
Jul 13 2012 // The consumer group Public Citizen says that medical malpractice payments in 2011 were at a record low and have fallen for eight straight years. The groups says this data shows that malpractice payments are not to blame for...
Workers’ Comp Claims Frequency Was Down 1% in 2011: NCCI
Jul 13 2012 // Workers’ compensation claim frequency declined slightly in 2011, by a modest one percent, after increasing in 2010 for the first time in more than a decade. According to the industry’s rating and statistical...
Lloyd’s Marks First Anniversary of ‘Claims Transformation Program’
Jul 13 2012 // “Insurance is, arguably, only as effective as the way it pays claims,” says a bulletin from Lloyd’s of London, marking the first anniversary of its Claims Transformation Program, which, it noted, is...
New Crash Avoidance Features Reduce Claims, Says Insurance Safety Institute
Jul 10 2012 // Advanced crash avoidance technologies include some clear success stories when it comes to preventing crashes, insurance claim analyses by the Highway Loss Data Institute (HLDI) show. Forward collision avoidance systems,...
Facebook, Yahoo Settle Patent Claims
Jul 9 2012 // Facebook Inc. and Yahoo Inc. agreed to forge a broad Internet advertising and licensing partnership on Friday, laying to rest their dueling patent lawsuits. The pact settles accusations of technology patent infringement...
Derecho-Related Claims Pouring In; 22,000 Claims in Maryland So Far
Jul 6 2012 // As the mid-Atlantic states continue to recover from last week’s destructive “derecho” storm system, insurance claims have been pouring in by tens of thousands. In Maryland, approximately 22,000...
Former Claims Manager Indicted for Fraud Scheme in Massachusetts
Jul 3 2012 // Massachusetts officials said two men — including a former claims manager — have been indicted in connection with a scheme to fraudulently collect an insurance payment of more than $23,000. “We allege that...
N.Y. to Hold Flood Insurance Adjuster Certification Class on July 17
Jul 3 2012 // New York will be offering its annual training session this month for property/casualty insurance adjusters who want to seek or maintain certification so they can conduct adjuster services for claims filed under National...
Md. Regulator Offers Claims Tips, Says Hiring Public Adjuster May Help
Jul 2 2012 // Following this past weekend’s storms, Maryland Insurance Commissioner Therese Goldsmith is advising homeowners to take steps to protect themselves financially.Commissioner Goldsmith is advising homeowners to take...
RSA Inks Agreement w/ The Co-operative Insurance for Auto Claims
Jul 2 2012 // The UK’s RSA and The Co-operative Insurance have announced a bilateral agreement to settle outstanding motor recoveries. RSA said it is “designed to remove frictional costs, limit the need for claims handlers...
Facebook Fiasco Disrupting IPO Insurance Market
Jul 2 2012 // The Facebook initial public offering (IPO) fallout has started and its effects are being felt in the area of directors and officers insurance coverage for future social media IPOs. “D&O underwriters will view...
Professional Liability Exposures Evolve with Changing Healthcare Environment
Jul 2 2012 // National healthcare reform legislation passed by Congress in 2010 may or may not survive consideration by the U.S. Supreme Court, but the healthcare system already has been evolving in ways that are likely to proceed...
