Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Munich Re Estimates Thai Flood Claims around $670 Million
Dec 8 2011 // The widespread floods in Thailand, which reached their highest point in October and November, “are the costliest natural catastrophe in the country’s history,” according to a bulletin from Munich Re....
Festa Named Vice Chair of California Insurance Guarantee Association Board
Dec 7 2011 // Stephen V. Festa, senior vice president and chief claims officer for Employers Insurance Company has been named vice chair to the board of governors of the California Insurance Guarantee Association (CIGA), a body that...
South Carolina Court Throws Out Claims Over Softball Game Injury
Dec 7 2011 // People playing contact sports assume the risk they will be injured, South Carolina’s Supreme Court ruled this week, upholding a lower court’s ruling that said a man injured in a softball game should have known...
Swiss Re Estimates Thai Flood Claims at $600 million; Subject to Uncertainty
Dec 6 2011 // Swiss Re has estimated its claims costs from severe flooding in Thailand at $600 million, after intense rainfall caused hundreds of deaths and floods affecting approximately 1500 industrial facilities. “The estimate...
Third of Illinois Workers’ Comp Awards in 12 Facilities
Dec 5 2011 // Workers filing on-the-job injury claims at just a dozen state institutions clustered in southern Illinois collected nearly one-third of the total $127 million awarded in recent years for permanent impairment under...
Sen. Schumer Says Flood Insurers Are Too Slow in Processing Claims
Dec 5 2011 // U.S. Senator Charles Schumer (D-N.Y.) is calling on flood insurance companies to speed up their processing of insurance claims from tropical storms Irene and Lee to ensure that FEMA aid reaches flood-damaged communities...
80% of Claims from May Tornado in Minneapolis Resolved
Dec 5 2011 // The Minnesota Department of Commerce reported that insurance companies have resolved about 80 percent of the claims generated after a tornado swept through north Minneapolis in May. The agency said that policyholders filed...
Insurers Bracing for Thai Flood Claims at More Than $10B
Dec 5 2011 // Insurers are bracing themselves for claims in excess of $10 billion after floods in Thailand disabled major foreign-owned manufacturing operations there, adding to an already record-breaking natural catastrophe bill this...
Judge: Transocean Insurance not Available to BP for Oil Spill
Dec 5 2011 // States May Pursue Punitive Damages Against BP and Others. BP has lost two big rulings in its fight to shield itself from potentially having to pay billions of dollars more in damages related to the worst offshore oil spill...
Wisconsin Court: Malpractice Claims Can Go to AG’s Headquarters
Dec 5 2011 // An appeals court has dealt a setback to three state doctors who are fighting a malpractice suit by arguing their patient sent a claim notice to the Minnesota Justice Department’s headquarters in Madison. The doctors...
Insurers Finally Get Right to Jury Trial in New Jersey
Dec 5 2011 // Forty years ago the New Jersey Supreme Court in Rova Farms Resort, Inc. v. Investors Ins. Co. of America, 65 N.J. 474, 323 A.2d 495 (1974), recognized a cause of action against an insurance company in situations where the...
How to Reduce the Risk When Buying Agency E&O Coverage
Dec 5 2011 // Agents shopping for errors and omissions coverage should compare the details of the policies because not all E&O policies are the same, according to experts in this market. As Scott Goodreau, chief risk officer for...
U.S. Reopens Public Database of Malpractice Claims Against Doctors
Dec 5 2011 // The U.S. government reopened public access to a database of malpractice claims and damages paid by doctors, with new restrictions that would prohibit using it in any way to identify the physicians. Consumer advocates and...
Judge Dismisses Lawsuit Non-U.S. Claims Against Toyota
Dec 2 2011 // Toyota Motor Corp has won the dismissal of a U.S. lawsuit brought by vehicle owners in 14 other countries who said their Toyotas lost value because of the Japanese automaker’s mishandling of alleged unintended...
Can Claims Handling Cause an Errors & Omissions Claim?
Dec 1 2011 // The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for agents and is one of the current errors and omissions (E&O) hotspots agents...
How to Produce and Keep Happy Claimants
Dec 1 2011 // The best way to keep agency customers happy is to avoid claims in the first place but, of course, that’s easier said than done. When claims do happen, independent agents can play a valuable role in determining...
Facebook Settles Deceptive Practices, Privacy Breach Claims with FTC
Nov 30 2011 // Facebook has settled complaints that it disregarded its users’ privacy, agreeing to establish a raft of measures to better protect its 800 million members’ data. The settlement with the U.S. Federal Trade...
80% of Claims from May Tornado in Minneapolis Have Been Resolved
Nov 28 2011 // The Minnesota Department of Commerce has reported that insurance companies have resolved about 80 percent of the claims generated after a tornado swept through north Minneapolis in May. The agency said that policyholders...
Best Briefing Concludes Majority of Thai Flood Losses from BI Claims
Nov 28 2011 // A.M. Best Co. reports that the vast majority of insurance losses stemming from the massive flooding in Thailand will come predominately from the impact to manufacturing and supply chains, as discussed in the recently...
Weather Map Added to ClaimsJournal.com
Nov 28 2011 // SAN DIEGO, 11/28/11 – Wells Publishing, Inc. announces the addition of a weather map to ClaimsJournal.com, the company’s website for news and information for property/casualty claims professionals. The interactive...
