Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Minnesota Workers’ Comp Claims Decrease
Jul 4 2011 // Minnesota workers’ compensation claims have fallen 44 percent relative to the number of employees from 1997 to 2009, according to the Minnesota Department of Labor and Industry (DLI). The “2009 Minnesota...
Commercial Auto Claims on the Rise – Will Rates Come Next?
Jul 4 2011 // An increase in claims from cargo theft and freight physical damage is expected to lead to higher insurance rates in the commercial auto class, a welcome development for some insurers after years of prices going...
Massachusetts Tornado Claims Surpass $140 Million
Jul 4 2011 // The financial toll from tornadoes that ravaged several Massachusetts communities has risen dramatically. The state’s Division of Insurance estimated that residents have filed 8,200 insurance claims totaling $140...
Ohio Posts Largest Decline in Unemployment Claims
Jul 1 2011 // Ohio is reporting the nation’s largest decline in new applications for unemployment benefits, while the government says the number of claims nationwide is mostly unchanged. That’s seen as evidence that the...
MBIA May Bring Fraud Claim Against Bank of America’s Countrywide
Jul 1 2011 // MBIA Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide Financial unit of fraudulently misleading it about mortgage securities it insured, costing at least $1.4 billion. A New York state appeals...
Gulf Oil Spill Claims Fund Too Slow: U.S. Attorney General
Jul 1 2011 // The fund oil firm BP set up to deal with compensation claims after last year’s Gulf of Mexico oil spill is working too slowly, U.S. Attorney General Eric Holder said Thursday. The fund is not sufficiently transparent...
UK’s Legal Expense Insurers Say Referral Fees Cause for Claims Increase
Jun 30 2011 // The UK’s Legal Expenses Insurance Group (LEIG) has taken issue with claims that the rise in lawsuits over automobile accidents are responsible for the car insurance rate rises. The Group, which was formed in April...
Survey: Law Firms Face Rising Number of Malpractice Claims
Jun 30 2011 // The recent economic recession and prolonged real estate market slump are triggering a rise in the number of malpractice or professional liability claims lodged against law firms this year. A new study by insurance broker...
Man Sues Catholic Diocese in Texas on Abuse Claims
Jun 30 2011 // A man who alleges he was sexually molested by a Catholic priest in the 1970s has filed a civil lawsuit against a West Texas diocese and the Jesuits, claiming the defendants knew or should have known of the abuses and...
Mass. Now Estimates Tornado Claims at $175 Million
Jun 30 2011 // Massachusetts insurance officials have updated estimates on insurance claims resulting from this month’s Western and Central Massachusetts tornadoes, with 9,500 claims totaling an estimated $175 million having been...
Wisconsin Health Insurance Program Participation, Claims on the Rise
Jun 29 2011 // A new report shows more people are joining a Wisconsin state program that provides health insurance for the seriously ill. The Legislative Audit Bureau reviewed the financial status of the Wisconsin Health Insurance...
AXA UK Bans Lawyers’ Referral Fees; Calls for Whiplash Damage Reform
Jun 28 2011 // AXA UK has announced that it will no longer accept referral fees from personal injury lawyers and has issued a call for whiplash injury reform to eliminate fraud within the industry. The announcement noted that the company...
The Top States, Cities for Questionable Insurance Claims
Jun 28 2011 // Five states—California, Florida, Texas, New York and Michigan—generate almost half of all suspicious claims to property/casualty insurance companies, a new report says. These states account for 49 percent of all...
Delays, Financing Risks More Common for Today’s Construction Projects
Jun 27 2011 // While brokers on construction projects have historically focused primarily on owners and contractors, economic uncertainty has created a new focus area — financing entities. In addition to the usual construction risks,...
Jon Palmquist Joins NARS as General Counsel and Director of Field Operations
Jun 27 2011 // Altamonte Springs, Fl, 6/27/11 – North American Risk Services (NARS) has appointed Jon Palmquist to the newly created role of General Counsel and Director of Field Operations. Palmquist has more than 25 years of...
Draft Rules Expand Coverage for 9/11 Worker Claims
Jun 23 2011 // Proposed rules for those who say they were sickened by exposure to toxins at ground zero would cover claims from a wider area around the site in Lower Manhattan. The new draft regulations for the $2.78 billion victim...
Insurers Offer $65.5M Settlement in Louisiana Housing Project Lead Claims Case
Jun 22 2011 // Insurance companies are offering $65.5 million to settle claims that lead in New Orleans’ housing projects hurt children who lived or visited there. Payments would go to people who spent time in the public housing...
Tokyo Electric Power Facing $1.1 Billion in Mental Distress Claims
Jun 22 2011 // Tokyo Electric Power estimates it will have to pay 88 billion yen ($1.1 billion) in compensation for mental distress caused to people who were forced to leave their homes after the March quake and tsunami sparked a crisis...
New Director of Transportation Claims Joins North American Risk Services
Jun 22 2011 // Altamonte Springs, FL, 6/22/11 – Timothy Kirk joins North American Risk Services (NARS) in the newly created role, Director of Transportation Claims. Kirk brings more than 30 years of experience in the insurance...
4 Things Agents Should Do to Avoid E&O Claims
Jun 21 2011 // After handling insurance coverage claims for years, a distinct pattern has emerged: sometimes the insurance agent gets “caught in the middle” of a dispute between the policy holder and the insured. Often,...
