Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Amlin Estimates Claims from Q1 Catastrophes
Apr 5 2011 // Specialist insurer Amlin plc has released initial estimates of the impact of the 2011 New Zealand earthquake, the Japanese earthquake and the 2011 Queensland floods. The bulletin described the 2011 New Zealand earthquake...
‘Old GM’ Carved into 4 Trusts for Claims
Apr 4 2011 // The company known as “Old GM” exited Chapter 11 bankruptcy last week and was carved into four trusts, marking the close of one of the most complex Chapter 11 cases in U.S. history. GM filed for bankruptcy in...
Japan Nuclear Crisis to Trigger Huge Civil Damage Claims
Apr 4 2011 // Japan’s nuclear crisis is likely to lead to one of the country’s largest and most complex ever set of claims for civil damages, handing a huge bill to the fiscally strained government and debt-laden plant...
How Extensive Will the FDIC’s Claims Against Failed Banks’ Outside Professionals Be?
Apr 4 2011 // If a lawsuit filed on Feb. 7, 2011, in the Northern District of Georgia is any indication, the Federal Deposit Insurance Corp.’s (FDIC) efforts to pursue liability claims will not only include suits against the...
Vermont Lawmakers Ask for Study on Medical Malpractice Claims
Apr 4 2011 // Vermont lawmakers may ask the Shumlin administration to produce recommendations for reforming the medical malpractice system in the state with an eye toward lowering health care costs. The issue of medical malpractice...
How Extensive Will the FDIC’s Claims Against Failed Banks’ Outside Professionals Be?
Apr 4 2011 // If a lawsuit filed on Feb. 7, 2011 in the Northern District of Georgia is any indication, the Federal Deposit Insurance Corp.’s (FDIC) efforts to pursue liability claims will not only include suits against the...
How Extensive Will the FDIC’s Claims Against Failed Banks’ Outside Professionals Be?
Apr 4 2011 // If a lawsuit filed on Feb. 7, 2011, in the Northern District of Georgia is any indication, the Federal Deposit Insurance Corp.’s (FDIC) efforts to pursue liability claims will not only include suits against the...
How Extensive Will the FDIC’s Claims Against Failed Banks’ Outside Professionals Be?
Apr 4 2011 // If a lawsuit filed on Feb. 7, 2011, in the Northern District of Georgia is any indication, the Federal Deposit Insurance Corp.’s (FDIC) efforts to pursue liability claims will not only include suits against the...
Why Community Associations Need Proper D&O Coverage
Apr 4 2011 // Board Members Today Face Common Claims from Foreclosure, Bankruptcy, Discrimination and Others It’s called “sleep insurance” for a reason. Directors and officers (D&O) liability insurance helps...
Plans to Reform Texas Wind Pool Taking Shape
Apr 4 2011 // Two Texas lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of...
Montana Workers’ Comp Claims Decrease 5%
Apr 1 2011 // Montana workers’ compensation claims have decreased by more than 5 percent in the past year, state Insurance Commissioner Monica J. Lindeen announced. The National Council on Compensation Insurance (NCCI) recently...
Whistleblower Sues California Nuclear Plant, Claims Firing Retaliatory
Mar 31 2011 // A former manager at one of California’s two nuclear power stations sued the facility’s operators Wednesday, claiming he was fired in retaliation for reporting safety concerns at the plant. The suit against...
Lloyd’s ‘Confident’ It Can Cope with Japan Claims
Mar 30 2011 // The Lloyd’s of London insurance market is confident it can deal easily with claims from Japan’s earthquake even though natural disasters almost halved its profit last year. Lloyd’s said its businesses had...
American Claims Management Appointed TPA for Large Self-Insured Group
Mar 30 2011 // San Diego, CA, 3/30/11 – American Claims Management, Inc. (ACM) has been appointed as the third party claims administrator for the California Restaurant Mutual Benefit Corporation (CRMBC), the largest self-insured...
Major Class Action Sex Discrimination Case Goes Before Supreme Court
Mar 25 2011 // The largest class-action sex-discrimination lawsuit ever will be argued before the U.S. Supreme Court March 29, pitting Wal-Mart Stores Inc. against female employees who seek billions of dollars. The justices will decide...
Missouri Approves First $50K in Line of Duty Claims from Comp Fund
Mar 24 2011 // Missouri workers’ compensation regulators recently approved payment to families of individuals killed in the line of duty to protect the public. The Missouri Labor Department’s Division of Workers’...
AIG Expects ‘Minimal’ Effects from Japan Claims
Mar 24 2011 // American International Group Inc. said Wednesday it expects “minimal net effects” from the recent earthquake and tsunami on the financial condition of its local Japanese operations, including those of Fuji Fire...
Colorado Bill Restricting Homeowners Insurance Cancellations Defeated
Mar 23 2011 // The Colorado House Economic and Business Development Committee has voted 9-4 to defeat a bill that homeowner’s insurance carriers say would have restricted their underwriting freedoms and their ability to provide...
Insurer Shares Relatively Unaffected by Japan Damage Estimates
Mar 23 2011 // Insurer shares largely shrugged off the industry’s first round of damage estimates from this month’s earthquake in Japan, which may prove to be the world’s costliest disaster. Munich Re and Hannover Re,...
Munich Re Estimates Japan Quake, Tsunami Claims over $2 Billion
Mar 23 2011 // Munich Re announced that it has estimated its claims burden from the earthquake and tsunami in Japan at around €1.5 billion [$2.128 billion], after retrocession and before tax. As a result Munich Re said its...
