Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Drones Help Insurance Companies Check Windstorm Damage in Iowa
Aug 31 2020 // Insurance adjusters who descended on Cedar Rapids, Iowa, after the Aug. 10 derecho storm are using drones to check roofs and asking homeowners with less severe damage to take their own photos. Some of this is due to the...
Analytics Helping Insurers Identify Workers’ Compensation ‘Mega’ Claims More Quickly
Aug 28 2020 // The share of “mega” workers’ compensation claims — those expected to cost $3 million or more — climbed steadily since 2013 after dropping as construction employment declined sharply during the Great...
North Carolina Fines Gerber Life Insurance Co. $1.1 million for Claims Violations
Aug 28 2020 // The North Carolina Department of Insurance has entered into a voluntary settlement agreement with Gerber Life Insurance Company that includes a $1.1 million penalty for numerous violations related to its claims practices...
California Commissioner Issues Emergency Notice to Expedite Wildfire Claims
Aug 26 2020 // California Insurance Commissioner Ricardo Lara on Wednesday issued an emergency notice to all property/casualty insurance companies doing business in California, requesting they expedite claims handling for California...
Natural Catastrophe Claims Cost Insurers More Than Coronavirus in First Half: Fitch
Aug 26 2020 // COVID-19-related claims were not the biggest driver of the North American property/casualty insurance industry’s overall combined ratio during the first six months of 2020. Natural catastrophes cost insurers more,...
Honda to Pay $85 Million to States Over Defective Takata Air Bags Claims
Aug 26 2020 // Units of Honda Motor Co. have agreed to pay $85 million to settle an investigation by most U.S. states into its use of defective Takata airbag inflators in its vehicles, according to a consent order made public on...
Taiwan Claims Alibaba-Linked Site Is Cyber Security Risk
Aug 25 2020 // Taiwan declared an e-commerce platform linked to China’s Alibaba Group a potential security risk and has told its operator to register as a company from the rival mainland or dispose of its ownership stake. The order...
Lloyd’s Appoints Canal’s Bond as U.S. Head of Claims
Aug 25 2020 // Lloyd’s of London has named Carey Bond as U.S. head of Claims, a newly created role that stems from the Future at Lloyd’s strategy. Based in Greenville, South Carolina, he’ll be responsible for overseeing...
Georgia Dept. of Public Safety Claims Police Wrote Tickets Outside Jurisdiction
Aug 25 2020 // A small Georgia city’s police department wrote more than 130 speeding tickets on a road where it had no jurisdiction, a state agency’s investigation found. Citations issued on Kildare Road over a two year...
Anbang, Andy Bang, $1 Trillion in Claims. Ritz-Carlton Mystery Gets Its Day in Court.
Aug 24 2020 // When a 26-year-old Uber driver walked into a California deeds office two years ago, it was the real-estate equivalent of a butterfly flapping its wings and causing a tsunami half a world away. Hired by an elderly Chinese...
Lawyers Urge Use of ‘Vaccine Court’ Over U.S. Injury Compensation Fund for Coronavirus
Aug 24 2020 // A U.S. government program that compensates people who say they have been harmed by an emergency vaccine has paid out on fewer than 10% of claims, raising questions whether the process should be used to address any...
Hedge Fund Collects $3 Billion in Bet on Wildfire Insurance Claims
Aug 24 2020 // Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, according to people...
How COVID-19 Could Impact Post-Hurricane Loss Inflation in Florida: AIR Worldwide
Aug 24 2020 // By the end of March 2020 people were wondering what the impact of COVID-19 on the upcoming hurricane season would be. There is no historical event to provide evidence for how the scenario might unfold, so we need to start...
Pandemic Boosted Personal Auto Insurers’ Profits in the Short-Term
Aug 24 2020 // As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced driving, as quarantines and shelter-at-home restrictions took hold across the United States...
Texas Insurance Agency Released from Suit by Restaurant Group Over Virus Losses
Aug 21 2020 // A federal judge in Texas has dismissed an independent insurance agency from a lawsuit brought by a Dallas restaurant group seeking reimbursement for business income losses stemming from the civil authority enforced...
Claims for Business Income Loss Due to Construction Dust Denied in Pre-COVID Case
Aug 21 2020 // In an opinion that could inform coronavirus business interruption claims now before various courts, a federal appeals court has ruled that a Florida restaurant is unable to collect on its insurance for business...
Judge Agrees to Some VW Requests to Limit SEC Lawsuit Over Diesel Scandal
Aug 21 2020 // A U.S. judge on Thursday dismissed portions of a U.S. Securities and Exchange Commission lawsuit accusing Volkswagen AG of defrauding American investors in connection with the automaker’s diesel emissions...
Bayer to Pay $1.6 Billion to End 90% of U.S. Claims for Essure Birth Control Device
Aug 21 2020 // German drugs and pesticides group Bayer said on Thursday it will pay around $1.6 billion to settle the majority of U.S. claims involving its Essure birth-control device. The agreement follows a $10.9 billion settlement in...
Court Deals Blow to Litigation Funders With False Claims Act Suits
Aug 20 2020 // A federal appellate court dealt a blow against litigation funding companies by ruling that the U.S. Justice Department can dismiss any False Claims Act lawsuits that it deems meritless without first proving that dismissal...
Limitations Period for Reimbursement Claims Does Not Apply in Industrial Accident Case
Aug 20 2020 // Reimbursement claims made against the town of Adams, Mass., by the town’s workers’ compensation insurer are not subject to the two-year statute of limitations established in a Department of Industrial Accidents...
