Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
The Doctors Co. in California Names Spadacenta Claims Executive
Apr 28 2020 // The Doctors Co., based in Napa, Calif., has named Marco Spadacenta senior vice president of claims. Spadacenta oversees the claims function nationally of the admitted medical professional liability unit, reporting to...
Top States, Cities For Insurance Claims for Hail Damage
Apr 28 2020 // Texas leads the nation in insurance claims for hail damage— far outdistancing other states with 23% of loss claims filed over the past three years. The National Insurance Crime Bureau released a three-year analysis of...
AXIS Capital Estimates $235 Million of Coronavirus-Related Claims During First Quarter
Apr 27 2020 // AXIS Capital Holdings Ltd. announced an estimated net claims provision of $300 million, pre-tax, for the first quarter related to catastrophe and other weather-related events. This amount includes estimated pre-tax claims...
UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims
Apr 27 2020 // Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. “We are concerned that the insurance sector...
UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers
Apr 27 2020 // British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals hit by the coronavirus pandemic, according to the industry’s trade body. Initial estimates...
Tennessee Insurance Claims from Deadly March Tornadoes Top $1B
Apr 27 2020 // More than 15,600 insurance claims seeking more than $1.1 billion have been filed in Tennessee over deadly tornadoes that tore through the state early last month, state officials said Thursday. Tennessee Department of...
Court Approves GM’s $120M Ignition Switch Lost Value Claims Settlement with Owners
Apr 24 2020 // General Motors Co. on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose value. U.S. District Judge Jesse Furman in...
White House Vows Liability Protections for Businesses Facing Coronavirus Claims
Apr 23 2020 // Donald Trump’s top economic adviser said the administration will look at limiting liability for businesses over the spread of the coronavirus. “I think liability reforms and safeguards are going to be a very...
New York Charges Mallinckrodt with Insurance Fraud Over Opioid Claims
Apr 23 2020 // New York state brought civil charges on Tuesday accusing Mallinckrodt Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions. Governor Andrew...
Travelers, W.R. Berkley CEOs Sound Alarm Over Coronavirus Lawsuits, Workers’ Comp
Apr 23 2020 // During an earnings conference call Tuesday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by plaintiffs lawyers could slow down the economic recovery from COVID-19...
Travelers Sees Q1 Profit Fall From Storms; It’s Watching COVID-19 Workers’ Comp Claims
Apr 21 2020 // Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential claims tied to compensation coverage for furloughed and laid-off employees would hit results...
California Workers’ Comp Bureau to Restrict COVID-19 Experience, Payroll in Rating
Apr 21 2020 // The Workers’ Compensation Insurance Rating Bureau of California has submitted a special regulatory filing to the California Insurance Commissioner with proposals to address the COVID-19 pandemic. The WCIRB governing...
Danish Insurer Tryg Expects Wave of Travel Claims as Customers Cancel Holidays
Apr 21 2020 // Danish insurer Tryg expects to be hit by a wave of travel insurance claims as customers cancel their summer holidays due to travel restrictions imposed to tackle the coronavirus pandemic, it said on...
States Easing Path to Workers’ Compensation Benefits for Coronavirus Workers
Apr 21 2020 // Sympathetic state lawmakers and regulators in states both red and blue promise to make COVID-19 a major cost driver for workers’ compensation insurers. The governors of Kentucky, Arkansas, North Dakota and Florida...
California State Fund to Accept All Essential Worker COVID Claims; Adds to Safety Fund
Apr 20 2020 // California’s State Compensation Insurance Fund on Monday announced another series of actions designed to support policyholders and workers affected by the COVID-19 crisis, including doubling the size of its newly...
D&O Insurance Coverage and Coronavirus: Avoiding Exclusions
Apr 20 2020 // Sometimes an article needs an introduction to put the subject in context for the reader. Sadly, no introduction is needed for the coronavirus. It will have affected everyone who reads this. Some will have suffered...
California Workers’ Comp to Exclude COVID-19 From Rating, Payroll
Apr 17 2020 // The governing committee of the Workers’ Compensation Insurance Rating Bureau of California on Friday voted unanimously for a special regulatory filing that includes excluding COVID-19 claims from the experience...
Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator
Apr 15 2020 // Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that do should make interim pay-outs quickly, a watchdog said on Wednesday, as insurers come...
NIA Adds Reimbursement Coverage for Nonprofit Employee Auto Claims in California
Apr 15 2020 // Nonprofits Insurance Alliance (NIA), a nationwide insurer exclusively serving 501(c)(3) nonprofits, has introduced auto coverage that reimburses California nonprofits for payments made to their employees for auto physical...
Businesses Warn Fear of Lawsuits Could Stall Rebooting of Economy; Urge Coordination
Apr 15 2020 // Litigation surrounding coronavirus responses is already underway and businesses are warning that the fear of more lawsuits could hinder the reboot of the U.S. economy. Returning America to work will require coordination...
