Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Florida House OKs 3 Victim Compensation Measures Worth Millions
Mar 7 2012 // Three high-profile claims bills that would let victims of governmental negligence receive millions in compensation cleared the Florida House on Monday. The bills now go to the Senate. One bill (SB 4) would require that an...
Stanford Ponzi Scheme Verdict Could Boost Civil Claims
Mar 7 2012 // The conviction of Allen Stanford on Tuesday for orchestrating a $7 billion Ponzi scheme could be bad news for two prominent law firms and an attorney facing civil lawsuits arising out of the Texas financier’s...
California Department of Insurance Takes Action Over Claims Handling
Mar 6 2012 // The California Department of Insurance has served an order to show cause, a statement of charges and a notice of penalty against the New Hampshire Insurance Co. and its authorized agent for claims processing, York Risk...
BP Gulf Oil Spill Settlement Includes Medical Claims Process
Mar 6 2012 // A settlement that BP is hammering out with victims of the massive Gulf oil spill finally provides a system for monitoring health concerns and compensating people whose illnesses are found to have a link to the...
Insurance Claims from Recent Tornadoes May Top $1B
Mar 5 2012 // March came in like a very large and powerful lion, spawning severe weather across the Midwest, interior south and southeast United States. Insured losses from the tornadoes, hail and high winds that struck in late February...
N.Y. Workers’ Comp Board Moving to Electronic Claims Reporting
Mar 5 2012 // The New York State Workers’ Compensation Board is transitioning from a paper to an electronic employer report of injury system. The board will adopt the IAIABC (International Association of Industrial Accident Boards...
Brown Named VP of Claims Management for PowerGuard in Southern California
Mar 5 2012 // PowerGuard Specialty Insurance Services named Hilton Brown as vice president of claims management. Brown has 22 years of experience, and specializes in claims management and client advocacy. Brown will oversee claims...
Three Mull Lawsuits in U.S. Against Murdoch’s News Corp.
Mar 5 2012 // Three people who believe they were targeted by a private investigator working for Rupert Murdoch’s News of the World while they were in the United States are considering suing his company in U.S. courts, a source...
BP’s $7.8 Billion Deal May Speed Gulf Spill Payments
Mar 5 2012 // The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential...
E&Y Survey on Insurance Customers
Mar 5 2012 // A new study is out from Ernst & Young that offers some interesting insight into what people want from insurance companies. And it also questions some of the conventional wisdom that we’ve been taking for...
Natural Catastrophe Insurance Payouts Accelerate
Mar 5 2012 // Natural catastrophe-related insurance claims payouts to U.S. P/C policyholders grew seven-fold as a share of total claims payouts between 1960 and 2010. The trend has accelerated over the past two decades, with hurricanes...
Judge: BP, Anadarko, Transocean May Be Liable for Oil Pollution Claims
Mar 5 2012 // BP Plc and Anadarko Petroleum Corp. are liable and Transocean Ltd. may be liable for civil damages under federal pollution laws over the catastrophic 2010 Gulf of Mexico oil spill, a U.S. judge ruled. The decision by U.S....
Texas Regulators Looking at Ways to Restructure TWIA
Mar 5 2012 // Texas insurance regulators are seeking a consultant to explore ways to restructure the insurer of last resort for properties along the Texas coast. Texas Insurance Commissioner Eleanor Kitzman says she believes...
BP Reaches $7.8 Billion Deal Over Gulf of Mexico Oil Spill
Mar 3 2012 // BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the U.S. government, Gulf states...
Chartis No Longer Writing Excess Workers’ Comp as Stand-Alone Product
Mar 2 2012 // American International Group disclosed in its annual report that Chartis management decided last year to cease writing excess workers’ compensation business as a stand-alone product — as “part of its...
North Carolina Resolves Hurricane Irene Claims
Mar 2 2012 // North Carolina regulators have recovered over $400,000 for policyholders stemming from claims filed in the aftermath of Hurricane Irene. At the same time, the regulators are calling for a five year extension in the federal...
Iran Ship Insurer Vows to Pay Western Claims Despite Sanctions
Mar 2 2012 // Tough new U.S. sanctions against Iran are raising concern that the OPEC member’s insurers may not be able to pay Western claims in the event of an accident, but Iran’s main ship insurer said it is confident it...
Vale Training Solutions Teams Up With the Insurance Journal Academy
Mar 2 2012 // From green risks to restaurant claims, there are many topics to choose from in this year’s webinar courses. Three Vale Training Solution instructors, with varying backgrounds, have one thing in common: They are...
EPIC Names Brown Vice President of Claims Management
Mar 1 2012 // Edgewood Partners Insurance Center, a retail property-casualty and employee benefits insurance brokerage, has named Hilton Brown to oversee client claims and advocacy in the company’s Los Angeles and Irvine, Calif....
State Farm Profit Took Hit in Stormy 2011
Mar 1 2012 // State Farm lost $4.5 billion on its property/casualty underwriting in 2011 – which is $1.3 billion more than it lost in 2010. The Bloomington, Illinois-based mutual insurer cited catastrophe claims as the main reason for...
