Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver
Oct 29 2024 // A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing most-at-risk entities. Using independent analysis of cybersecurity performance data provided by Bitsight in...
California Phlebotomy Lab and Owners to Pay $135K Over FCA Claims
Oct 28 2024 // A mobile phlebotomy lab and its owners have agreed to pay at least $135,000 to resolve False Claims Act allegations that they submitted false claims for services and associated travel mileage and paid kickbacks to a...
Harassment Claims Soar at City Firms in Wake of Odey Scandal
Oct 25 2024 // City firms reported a 72% surge in non-financial misconduct complaints over the last three years following a string of high-profile scandals including sexual harassment allegations leveled at hedge fund chief Crispin...
People Moves: Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA; Howden Re Announces 4 Senior Appointments in Germany
Oct 24 2024 // This edition of International People Moves details appointments at Liberty Specialty Markets and Howden Re. A summary of these new hires follows here. Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims...
Florida’s Heritage Insurance Reports 5,400 Claims, $57M in Cat Losses From Milton
Oct 24 2024 // More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in Florida this month. Tampa-based Heritage Insurance Holdings said in a preliminary statement...
Penn State to Pay $1.25M to Resolve Claims of Cybersecurity Non-Compliance
Oct 24 2024 // The Pennsylvania State University has agreed to pay $1,250,000 to settle claims that it violated the False Claims Act by failing to comply with cybersecurity requirements in 15 contracts involving the Department of Defense...
Meta Platforms Defeats Shareholder Lawsuit Over Child Safety Claims
Oct 23 2024 // Meta Platforms and Chief Executive Mark Zuckerberg won the dismissal of a lawsuit claiming they misled shareholders in Meta’s proxy statement about their ability to ensure the safety of children who use Facebook and...
Aviation Challenges, Coverages, and Claims – What’s Brewing Podcast (Episode 4)
Oct 22 2024 // This post is part of a series sponsored by IAT Insurance Group. In this episode, VP of Aviation Underwriting Rob Lombardo discusses marketplace trends in the Aviation industry following the Aviation Insurance Association...
Claims from Hurricane Milton Continue to Rise in Florida
Oct 22 2024 // Almost two weeks after Hurricane Milton made landfall near Sarasota, Florida, as a Category 3 storm, claims and loss totals continue to rise. As of Oct. 21, the Florida Office of Insurance Regulation said carriers had...
The Impact of 2 Storms and Claims Advice From a Second-Generation Insurance Agent
Oct 21 2024 // As if it were yesterday, I vividly remember going to my first catastrophic fire loss with my dad at the young age of nine. It was a house fire in Sarasota involving a resident falling asleep with a lit cigarette. The...
Long COVID Claims Still Impact California’s Workers Comp System, Report Shows
Oct 21 2024 // The impact and surge of long-term COVID on the California workers’ compensation system since 2020 has been prevalent, including long-term impacts on disability and long-term patterns of medical cost and treatment on...
Equipment Breakdown Tops Small Restaurant Claims List
Oct 21 2024 // With restaurant sales projected to top $1 trillion and reach record-breaking heights this year, a California-based insurance technology company versed in the space recently analyzed data from more than 30,000 small...
Navigating Social Inflation in a World of Complex Claims
Oct 21 2024 // As social inflation continues to exert pressure on the insurance industry, this is not only a financial issue, but one with far-reaching impacts on insurers, beneficiaries and society at large. Rising litigation costs,...
HCI Group Expects to Pay $600M to $750M in Claims from Recent Hurricanes
Oct 17 2024 // Publicly traded HCI Group, the Tampa-based holding company for Homeowners Choice Property & Casualty, TypTap and a new condominium insurance reciprocal, is one of the first Florida insurers to report estimated losses...
Jury Says J&J Must Pay $15 Million to Man Who Claims Talc Caused His Cancer
Oct 16 2024 // Johnson & Johnson must pay $15 million to a Connecticut man who alleges that he developed mesothelioma, a rare form of cancer, as a result of using the company’s talc powder for decades, a jury found on...
Update: Milton’s 152,000 Claims So Far Mean New Pressure on Reinsurance, Rate Hikes
Oct 15 2024 // Property Insurance claims from Hurricane Milton had topped more than 152,180 by Tuesday, with some $1.9 billion in estimated insured losses. That’s already more than the claims and losses reported for Helene, which...
Insurance Claims Confirm Many Israeli Structures Damaged in Iran Attack
Oct 15 2024 // Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority,...
Agents Report Limited Damage But More Claims Expected As Floridians Return Home
Oct 11 2024 // Insurance agents and carriers in the path of Hurricane Milton reported only minor damage to their own offices and homes but a rapidly growing number of claims from residential and commercial policyholders for roof, flood...
With Back-to-Back Storms, Florida Now Facing Delays in Claims Adjusting
Oct 10 2024 // With Hurricane Milton now expected to produce several hundred thousand wind-damage claims and with the storm coming so soon on the heels of Hurricane Helene, industry leaders are bracing for significant delays in claims...
Long COVID Claims Still Impact California’s Workers Comp System, Report Shows
Oct 7 2024 // The impact and surge of long-term COVID on the California workers’ compensation system since 2020 has been prevalent, including long-term impacts on disability and long-term patterns of medical cost and treatment on...
