Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
Alabama Seeks to License Public Adjusters
Mar 1 2012 // Alabama regulators and public adjuster groups are lobbying state lawmakers to pass a bill that would allow the state for the first time to license and monitor the actions of public adjusters. Insurer groups, however, are...
Supreme Court Weighs Foreigners’ Claims Against Corporations
Feb 28 2012 // Corporations and human rights groups are squaring off in a Supreme Court fight over whether foreign victims of war crimes, killings and other atrocities can haul multinational companies into American courts and try to...
Judge Awards Iphone User $850 In Throttling Case
Feb 27 2012 // When AT&T started slowing down the data service for his iPhone, Matt Spaccarelli, an unemployed truck driver and student, took the country’s largest telecommunications company to small claims court. And won. His...
Allianz Posts $3.73 Bn Net Income; Hit by Cat Claims, Sovereign Debt, Banks
Feb 24 2012 // Catastrophe claims and write downs on investments in sovereign bonds and banks were behind the profit fall revealed by Allianz, Europe’s biggest insurance group. On Thursday it reported net income of €2.804 billion...
Court Upholds 1998 Tobacco Deal, Denies North Carolina Firm’s Claims
Feb 24 2012 // The landmark 1998 national settlement between 46 states and 19 tobacco companies is valid and doesn’t amount to a conspiracy or anti-competitive behavior by the government, a federal appeals court ruled this...
Texas Regulators Looking at Ways to Restructure Windstorm Pool
Feb 23 2012 // Texas insurance regulators are seeking a consultant to explore options for restructuring the insurer of last resort for properties along the Texas coast. The Texas Department of Insurance has issued a request for proposal...
