Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Mkt Profits
Apr 21 2022 // The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price momentum, according to a commentary published by Fitch Ratings. As a...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS
Apr 18 2022 // Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled characteristics of disasters, which are altering the industry’s understanding of...
Florida Consumer Advocate, Attorneys Concerned about Growing Use of Arbitration in Claims Disputes
Apr 18 2022 // Plaintiffs’ attorneys and Florida’s insurance consumer advocate are pushing back on insurers’ plans to require arbitration to settle more claims disputes. Some attorneys warned that the plans could lead...
Affidavit of Merit Not Needed in Vicarious Liability Claims, Rules New Jersey High Court
Apr 14 2022 // A plaintiff is not required to present an affidavit of merit when bringing a vicarious liability claim against a licensed entity for the alleged negligence of an unlicensed employee, the New Jersey Supreme Court has...
Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021
Apr 14 2022 // Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to an analysis by the Insurance Information Institute...
Trial Date Set in Defamation Suit Against Fox News Over U.S. Election Claims
Apr 13 2022 // An April 2023 jury trial has been scheduled in Dominion Voting Systems Inc’s $1.6 billion defamation lawsuit accusing Fox News of trying to boost its ratings by falsely claiming the voting machine company rigged the...
Appeals Decisions Give New Ground for Bad-Faith Claims But Support PIP Rules
Apr 11 2022 // Appeal courts handed a down potentially costly ruling for auto insurers in Florida, along with some further clarity on the maximum medical costs insurance companies can choose to pay after an accident. First, the U.S. 11th...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS
Apr 8 2022 // Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled characteristics of disasters, which are altering the industry’s understanding of...
Consumer Advocate, Florida Trial Lawyers Concerned about Arbitration in Claims Disputes
Apr 8 2022 // Plaintiffs’ attorneys and the state’s insurance consumer advocate are pushing back on Florida insurers’ plans to require arbitration to settle more claims disputes. Some attorneys warned that the plans...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best
Apr 5 2022 // The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers’ balance sheets, according to an AM Best report. The flooding...
Gallagher Bassett International Acquires UK-Based Claims Settlement Agencies Ltd.
Apr 5 2022 // Claims services provider Gallagher Bassett (GB) International has boosted its size and offering in the United Kingdom by acquiring third-party claims administrator Claims Settlement Agencies Ltd. (CSA). Financial details...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia
Apr 4 2022 // Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said. More than 500 planes that are financed or owned by non-Russian...
With Florida Rulings, Will More Insurers Require Arbitration in Claims Disputes?
Apr 1 2022 // A decision handed down Thursday by the Florida Supreme Court, along with a recent ruling by state regulators, could give insurers another tool that could be used to stem the tide of claims litigation. In AirBnB Inc. vs....
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
Mar 31 2022 // Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. Following the...
SEC Claims Authority to Subpoena Elon Musk About Tweets
Mar 24 2022 // U.S. securities regulators say they have legal authority to subpoena Tesla and CEO Elon Musk about his tweets, and that Musk’s move to throw out a 2018 court agreement that his tweets be pre-approved is not...
People Moves: Godhwani, Bresnahan Assume New Top Posts at BHSI; Big I’s Flannagan to Retire; Aon Names Merlo as Claims Leader
Mar 24 2022 // Berkshire Hathaway Specialty Insurance Names Top Leaders Berkshire Hathaway Specialty Insurance (BHSI) announced Sanjay Godhwani has been named president, North America region, and David Bresnahan will take on the role of...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms
Mar 24 2022 // Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively been...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia
Mar 22 2022 // Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said. More than 500 planes that are financed or owned by non-Russian...
Aircraft Insurers Brace for Barrage of Russia Claims in Possibly Biggest Aviation Loss
Mar 18 2022 // Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented barrage of claims. Lessors of planes stuck in Russia since the onset of...
Fox News Appeals Defamation Ruling Over Election Claims, Countersues Smartmatic
Mar 18 2022 // Fox News on Thursday appealed a judge’s decision to let voting systems company Smartmatic pursue a $2.7 billion defamation lawsuit alleging that the network falsely accused it of rigging the 2020 U.S. presidential...
