Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Lloyd’s Ark Syndicate Moves to ‘All in One’ Electronic Claims
May 19 2011 // Slowly, but surely the electronic revolution is gaining ground at Lloyd’s and throughout the London market generally. Ark Syndicate Management Limited at Lloyd’s became the latest to make the jump with the...
Suit Says USAA Unfairly Denied Car Crash Claims
May 18 2011 // A Salem, Ore., attorney has filed a lawsuit accusing USAA Insurance Co, which represents military members and their families, of fraudulently denying claims after car crashes. The Salem Statesman Journal reports the suit,...
Florida Gov. Scott Signs Property Insurance Cost Control Bill
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. While the memory of former Governor Charles...
Australia Flood, Cyclone Claims Assessments near Completion Says ICA
May 17 2011 // According to a bulletin on its web site, the Insurance Council of Australia has released updated figures on “how the general industry has responded to the enormous task of assessing over 118,000 insurance claims...
Claims Journal Names Johnson Associate Editor
May 16 2011 // Wells Publishing Inc., publisher of Insurance Journal, Claims Journal and MyNewMarkets.com, recently hired Denise Johnson as associate editor of Claims Journal. Johnson’s background includes various claims positions,...
Lloyd’s Estimates Losses from Q1 Disasters at $3.8 Billion
May 13 2011 // After careful calculation Lloyd’s has announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia. The current net estimates were...
Japan Approves Tepco Nuclear Claims Plan; Banks’ Help Eyed
May 13 2011 // Japan’s government agreed on Friday to set up a fund with taxpayer money to help Tokyo Electric Power compensate victims of the crisis at its tsunami-crippled nuclear plant and avoid financial collapse. The...
American Family Mutual Insurance to Pay $1M to Arizona Homeowners
May 12 2011 // The Arizona Department of Insurance announced that American Family Mutual Insurance Co. will be paying approximately $1.1 million to more than 5,000 homeowner claimants. In the course of investigating a complaint, the ADOI...
ACE Names Hageman Senior VP for Global Personal, Small Business Claims
May 12 2011 // The ACE Group of insurance and reinsurance companies has appointed Jim Hageman as senior vice president for claims for global personal and small commercial insurance. Hageman will lead the global claims operations for...
Alabama Insurers Receiving Steady Stream of Storm Claims
May 11 2011 // Alabama residents who suffered severe losses due to a series of storms that swept through the Southeast last month have already filed over 65,000 storms, according to an estimate by state officials. Alabama Governor Robert...
Top 10 States for Dog Bite Claims
May 11 2011 // State Farm Insurance Co. has released its top 10 states for claims involving dog bites, with California on top in number of claims and Florida recording the highest cost per claim. The Bloomington-based State Farm reported...
California Leads Nation in Dog Bite Claims, State Farm Says
May 10 2011 // California leads the nation in the number of claims made and paid out by State Farm Insurance for dog bites, according to the Bloomington, Ill.-based insurer. The insurer recorded 369 claims were made, and $11.3 million...
Report: Workers’ Comp Line Deteriorates Further in 2010
May 5 2011 // Workers’ compensation continued to worsen in 2010 as the combined ratio jumped five points to 115 in 2010 from 2009. In its State of the Line workers compensation market analysis, NCCI Holdings Inc. described the...
Damage Estimated in Billions as Insurers Work to Pay Claims
May 4 2011 // Officials, insurers and residents are starting the daunting task of assessing and cleaning up the damage from the massive storm system that hit the Southeast as the amount of insured losses is heading into the billions of...
Texas Supreme Court: Public Entities Immune from Retaliatory Discharge Claims
May 3 2011 // A ruling by the Texas Supreme Court will make it more difficult for former employees of public entities to pursue retaliatory discharge claims against those employers. The Court has held that a political subdivision has...
Nearly 7,000 Insurance Claims Filed After St. Louis Tornado
May 2 2011 // Missouri insurance regulators say major homeowners and auto insurance companies in the state have received nearly 7,000 claims from St. Louis residents with damage from the April 22 (Good Friday) tornado. The companies...
Japan’s Edano: No limit on Tepco Nuclear Compensation Claims
May 2 2011 // Japan’s government will not put a cap on the liabilities faced by Tokyo Electric Power Co (Tepco) for damages stemming from its crippled Fukushima Daiichi nuclear power plant, Chief Cabinet Secretary Yukio Edano said...
Prosecutors: Claims Rep Steals $45K from Insurance Settlement
May 2 2011 // A claims rep for Nationwide in New York has been arrested for stealing $44,900 that should have been paid to a policyholder whose home burned down. State police arrested Scott E. Wood, of Liverpool, in April. Fraud...
People
May 2 2011 // Dallas-based insurance brokerage firm Roach Howard Smith & Barton (RHSB) appointed Tom A. Hughston as its new CEO. Hughston, previously the company’s executive vice president, is an established leader in the...
BP Claims Fund Faces Critics, Legal Challenges
May 2 2011 // One year after the Gulf oil spill, BP Plc is facing challenges to its effort to contain another kind of disaster: mass litigation. The oil giant last June established a $20 billion compensation fund for victims such as...
