Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
P&I Insurance Market Makes a Record Comeback Says Willis Report
Dec 14 2010 // A new report from Willis Group Holdings notes that “investment income in the Protection and Indemnity (P&I) insurance market, which provides ship owners with marine legal liability coverage, bounced back to $680...
Mississippi Casino Workers’ BP Oil Claims Get Second Look
Dec 13 2010 // The agency in charge of paying Gulf of Mexico oil spill claims is requesting information from casinos that could lead to payments to hundreds of gambling employees previously denied damage claims, the head of an industry...
Lawyer Malpractice Claims on the Rise
Dec 8 2010 // The economy has taken its toll on all businesses today and law firms are no exception. They have experienced downsizing, pressure to change specialties in order to compete for new business, and other cost cutting measures,...
Alabama Gov. Riley Alleges Extortion by BP Claims Fund
Dec 7 2010 // President Barack Obama should intervene to stop the $20 billion BP oil spill compensation fund from depriving claimants of their rights, Alabama Governor Bob Riley said Monday, calling the way the fund was operating...
Could Sinkhole Claims Sink Florida Insurers?
Dec 5 2010 // A new state report confirms sinkhole insurance claims are rising in Florida, costing insurers millions of dollars in payouts and expenses, cropping up in counties where they have not been a problem in the past, and showing...
Final Claims Process for BP Oil Disaster Victims Begins
Dec 5 2010 // The administrator of the $20-billion fund created by BP Plc to compensate Gulf of Mexico oil spill victims has announced plans for processing final payments. Kenneth Feinberg said in a news release that claimants have a...
Lawyer Malpractice Claims on the Rise
Dec 5 2010 // Economy, Fees Countersuits and ‘Door Law’ Changing E&O Climate The economy has taken its toll on all businesses today and law firms are no exception. They have experienced downsizing, pressure to change...
How BP’s Gulf Oil Disaster Costs Could Double
Dec 1 2010 // Analysts’ dividend forecasts point to steady recovery BP, analysts, may be underestimating legal charges BP has history of low-balling long-term cost of disasters “Gross negligence,” punitive damages not...
Memphis Car Impoundment Lot Battles Theft, Damage Claims
Dec 1 2010 // The city of Memphis is upgrading security at the city’s car impound lot after paying out more than $72,000 to settle a variety of theft and damage claims. Mayor A C Wharton told The Memphis Commercial Appeal that the...
E&O Insights: Nothing Standard About Professional Liability
Dec 1 2010 // Typically, when looking to move an account from one carrier to another, you can count on some degree of similarity in policy forms. For the most part, a general liability policy with one standard company will look similar...
Louisana AG Disputes BP Fund’s Push for Claimant Release of Rights
Nov 30 2010 // In a letter dated Nov. 17, 2010, Louisiana Attorney General Buddy Caldwell challenged provisions of the Gulf Coast Claims Facility (GCCF) Draft Protocol for Interim and Final Claims that ask claimants to sign a broad...
The Time is Not Right to Drop Real Estate Professionals E&O
Nov 29 2010 // The ongoing downturn in the real estate market is forcing many professionals to make tough choices on where to trim expenses. While during a hot real estate market realtors would not consider dropping their errors and...
Final Claims Process for BP Oil Disaster Victims Begins
Nov 24 2010 // The administrator of the $20-billion fund created by BP Plc to compensate Gulf of Mexico oil spill victims announced plans Wednesday for processing final payments. Administrator Kenneth Feinberg said in a news release that...
BP Claimants Face Deadline, Choice to Settle Now or Later
Nov 23 2010 // Fishermen and business owners stung by a summer of lost revenue from the Gulf of Mexico oil spill have until Wednesday to file their compensation claims for short-term damages, but accepting a settlement check is a...
BP Could Gain Claimants’ Rights to Sue Other Oil Spill Firms
Nov 18 2010 // Claimants to BP Plc’s $20 billion oil spill fund may soon be required to transfer to the company their right to sue other defendants, a move that could help BP’s efforts to collect billions of dollars from its...
How an E&O Claim Could Affect Agency Employee’s Career
Nov 18 2010 // Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. But agency owners are not the only ones...
P/C Insurer Rules on Medicare, Medicaid Liability Claims Delayed
Nov 16 2010 // Property/casualty insurers will have some extra time to comply with new Medicare and Medicaid liability claims reporting requirements. The Department of Health and Human Services Centers for Medicare and Medicaid Services...
Nationwide Insurance Reports Net Income of $975M
Nov 16 2010 // Columbus, Ohio-based Nationwide Insurance has reported that consolidated net operating income through September 30 was up 39 percent to $975 million. That is compared to $702 million in the first three quarters of 2009....
Pennsylvania Woman Sues Gas Driller, Claims Water Tainted
Nov 14 2010 // A Pennsylvania woman is suing natural gas driller Chesapeake Energy Corp. and two of its subsidiaries, claiming that drilling near her rural home has fouled the water with methane and other pollutants and created a rash of...
Reporting Firms Face Risks as U.S. Cracks Down on Medicare, Medicaid Costs
Nov 14 2010 // New Insurance Products Cover Risks Created by New Laws and Regulations The federal government’s crackdown on fraud and errors in Medicare and Medicaid is raising liability issues for firms that specialize in managing...
