Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
BP Claims Fund Pays Out $10 Million in First Week Under Feinberg
Aug 31 2010 // Kenneth Feinberg, who last week took over the claims process for BP Plc’s Macondo well oil spill, has so far paid nearly $10 million in emergency payouts to Gulf Coast residents who have suffered economic harm,...
Louisiana’s First Premium Insurance to Process Oil Worker Fund Claims
Aug 30 2010 // A Covington, La., company has been hired to process applications for money from a $100 million fund set up by BP to help oil rig workers idled by a federal moratorium on new deepwater drilling in the Gulf of Mexico. The...
Aon UK Warns Car Rental Companies on Upswing in ‘Crash for Cash’ Claims
Aug 26 2010 // A bulletin from Aon UK, notes that Britain’s Insurance Fraud Bureau “has claimed that “crash for cash” schemes, in which car accidents are staged in order to claim on another drivers’...
Oklahoma Supreme Court Overturns Fee on Paid Medicaid Claims
Aug 26 2010 // The Oklahoma Supreme Court has overturned a state law intended to raise revenue for the state’s Medicaid program. The ruling posted on the court’s Web site said the measure violates the state Constitution. It...
Texas Windstorm Insurance Assoc. Chief Favors Gradual Rate Hikes
Aug 26 2010 // The Texas Windstorm Insurance Association recently filed for 5 percent increases in both its residential and commercial rates, effective Jan. 1, 2011. While indications are those hikes won’t bring the rates for the...
Florida Solicits Sinkhole Data from Insurers
Aug 25 2010 // Florida’s Office of Insurance Regulation issued a data call yesterday to the commercial and residential property insurance industry in Florida to collect claims data related to sinkholes. During the 2010 Legislative...
Florida Insurance Department to Survey on Sinkholes
Aug 23 2010 // Starting this month, the Florida Office of Insurance Regulation is going to begin surveying Florida property insurers about their experience with sinkhole claims, in an effort to get to the bottom of the simmering...
BP Settlements May Shield Top Defendants, New York Times Reports
Aug 20 2010 // Those seeking a settlement from the BP $20 billion compensation fund may have to waive their rights to sue all major defendants involved with the Gulf of Mexico oil spill, not just BP, the New York Times reported on...
Dog Bite Claims Top $400M in 2009; Rise 30% in Last 6 Years
Aug 18 2010 // Dog bite claims cost the insurance industry $412 million in 2009, an increase of 6.4 percent from 2008. Dog bites account for more than one-third of all homeowners insurance liability claims paid out in 2009, says the...
Kentucky Claims Adjuster Partial to the Bagpipes
Aug 17 2010 // If some crisp fall afternoon you happen to be walking along the Kentucky River and the faint sound of bagpipes wafts from the cemetery bluff, it could be Daniel Boone’s ghost calling you home. Or, Frankfort could be...
Despite Claims, Utilities’ Insurance Market Still Softening
Aug 16 2010 // Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market, according to the latest Power Market Review from...
Rise in Questionable Claims Led by Hail, Auto Glass
Aug 16 2010 // Property/casualty insurance companies are reporting that the number of claims requiring more scrutiny than normal rose again in the first half of this year compared to 2009. The National Insurance Crime Bureau’s...
Brotherhood Mutual Promotes Lantz and Walters
Aug 11 2010 // Brotherhood Mutual Insurance Co., based in Fort Wayne, Ind., has promoted David Lantz to vice president of claims and David Walters to assistant vice president of underwriting. Lantz joined Brotherhood Mutual as a claims...
Texas Warns Insurers on Auto Claims
Aug 11 2010 // Texas Insurance Commissioner Mike Geeslin has released a bulletin reminding auto insurance providers that it is against state law to “directly or indirectly limit the insurer’s coverage under a policy covering...
Denials of Workers’ Comp Claims Jump in North Dakota
Aug 10 2010 // A review of North Dakota’s workers’ compensation program shows claim denials jumped between 2005 and 2009. Still, the review found claim practices were generally sound. In the reviewed period, denied claims...
GEICO Names New Southeast Claims VP
Aug 10 2010 // GEICO recently named Carl Tims, CPCU, of Lakeland, Fla., assistant vice president in charge of claims for the Southeast regional operations office in Macon, Ga. Tims began his career with GEICO in 1992 as a service...
BP Deposits Initial $3 Billion in $20 Billion Gulf Claims Trust
Aug 9 2010 // BP reports it has established a trust and made a $3 billion initial deposit of the previously-announced $20 billion escrow account to pay claims arising from the Deepwater Horizon oil disaster in the Gulf of...
AIG Posts Q2 Loss; Chartis Insurance Stable Despite Flood, Oil Spill Claims
Aug 6 2010 // American International Group Inc. reported a $2.7 billion quarterly loss compared to a net profit of $1.8 billion for the same quarter a year earlier. The second quarter 2010 loss was primarily due to a $3.3 billion...
European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy
Aug 5 2010 // Major European insurance groups weathered a slew of damage claims for storms and the collapse of the Deepwater Horizon oil rig to post stronger-than-expected half-year earnings on Wednesday. But prospects for the rest of...
Almost 1 Medical Malpractice Claim Filed for Every Physician, Reports AMA
Aug 5 2010 // A study from the American Medical Association (AMA) reports that an average of 95 medical liability claims are filed for every 100 physicians, almost one per physician. The AMA says its report has data not available...
