Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Delaware: Professional Services Exclusion Didn’t Bar False Claims Act Settlement
Sep 18 2023 // A mortgage lender accused of violating the False Claims Act by approving government-backed loans that did not meet federal guidelines can seek to recover the $15 million it paid to resolve the allegations from its...
Challenging Market, Elevated Claims, but Reinsurers’ Profits Return: Reports
Sep 18 2023 // Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to an AM Best report. “Reinsurers generally...
Agents, Regulators Remind Insurers to Take Care of Insureds as Idalia Claims Start Coming in
Sep 18 2023 // The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, triggering just a few billion dollars in losses. But regulators have urged insurers to make...
Airlines Face Growing Number of Lawsuits Over Their Climate Claims
Sep 14 2023 // When Dutch airline KLM launched adverts urging customers to “fly responsibly” and think about the environmental impact before booking a flight, it said it was showing its commitment to a sustainable future. But...
Art Dealer to Rich and Famous Faces Millions in Fraud Claims
Sep 14 2023 // A high-profile New York art adviser with outposts in Tribeca and London is accused of withholding millions of dollars worth of artwork and cash from her clients, leaving collectors and galleries to line up in a court case...
No Danger of Assessment: Florida Citizens Seeing Just 2,000 Claims from Idalia
Sep 13 2023 // Florida’s Citizens Property Insurance Corp. has so far seen just about 2,000 claims from Hurricane Idalia, well below the threshold that would exhaust the carrier’s personal lines surplus and trigger a...
Court Clicks ‘OK’ on Uber’s Arbitration Agreement for Users’ Accident Claims
Sep 13 2023 // A notice in Uber’s digital registration process requiring ride-share customers to take any individual claims to arbitration is enforceable, a New Jersey appeals court has ruled in a case involving passengers injured...
P/C Insurers Set to Significantly Improve Profitability Even as Claims Rise: Study
Sep 11 2023 // Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on...
U.S. Settles Sexual Harassment Claims Against Baltimore County Fire Department
Sep 11 2023 // The U.S. Justice Department reports that it has reached a settlement with Baltimore County, Maryland for relief and compensation for female fire department employees subjected to sexual harassment. The settlement resolves...
Class Action Claims Mobile Home Park Managers Conspired to Fix and Inflate Lot Rental Prices
Sep 8 2023 // CHICAGO (AP) – A lawsuit seeking class-action status accuses nine mobile home community management companies and a mobile home market data provider of conspiring to fix and inflate lot rental prices at more than 150...
Hong Kong Sees Heaviest Rainfall on Record; Insurance Claims Could Exceed $100M
Sep 8 2023 // Hong Kong’s heaviest rainstorm since records began in 1884 flooded the financial hub’s streets and sent torrents of water rushing through subway stations, bringing much of the city to a standstill and forcing...
Walgreens to Pay $44 Million to Settle Theranos Fraud Claims
Sep 8 2023 // Walgreens Boots Alliance Inc. has agreed to pay $44 million to settle class action claims by consumers who received flawed blood tests in Arizona and California through the pharmacy chain’s partnership with Theranos...
New Study Says Autonomous Vehicles Significantly Reduce BI/PD Claims
Sep 7 2023 // A new study has revealed that autonomous-vehicle technology reduced bodily injury claims frequency by 100% and property damage claims frequency by 76%. Global reinsurer Swiss Re and automated driving company Waymo...
Insurers Cheated Out of Millions in False Claims for Lost or Damaged Cell Phones
Sep 6 2023 // A Newark, New Jersey man has admitted that he conspired with others to defraud telephone providers and insurance companies out of millions of dollars by using stolen or fake identities to submit fraudulent claims for...
Verizon Pays $4M to Settle Federal Cybersecurity Claims But Admits No Liability
Sep 6 2023 // Verizon Business Network Services of Ashburn, Virginia, has agreed to pay $4,091,317 to resolve False Claims Act allegations that it failed to completely satisfy certain cybersecurity controls in an information technology...
Florida Regulators Remind Insurers to Take Care of Insureds as Claims Come in
Sep 5 2023 // The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, but regulators have signaled a need to make sure that claims from the area, now topping 10,000,...
Claims Pros Warned About Confirmation Bias and Inflated Line Items
Sep 4 2023 // The charred remains of a dog found among the ruins of a house that was destroyed in a sudden fire added an air of legitimacy to the insurance claim. For sure, homeowners sometimes resort to arson, but who would be so...
Skyrocketing Bodily Injury Claims Spill Over to Professional Liability Insurance Market
Sep 4 2023 // Claims frequency and severity are up across the industry, thanks in large part to social inflation, which has led to an increase in litigation and more costly settlements. Fueled primarily by aggressive tactics by...
Data Call: Florida OIR Wants Idalia Claims Info Daily Through Sept. 6
Aug 31 2023 // The Florida Office of Insurance Regulation is reminding property insurers that they must report Hurricane Idalia claims information daily, starting Friday. The data should be submitted by noon Eastern time, every day,...
Appeals Court Dismisses 14 COVID Business Insurance Claims Against Travelers
Aug 31 2023 // The Ninth Circuit Court of Appeals has dismissed lawsuits by 14 businesses seeking insurance coverage from Travelers Insurance for business losses stemming from COVID-19 and the related government shutdown orders. The...
