Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
4 Facts that the Number of Open Michael Claims Won’t Tell You
Aug 14 2019 // Much is being made of a recent call by Florida Insurance Commissioner, David Altmaier, for insurance companies to “redouble efforts to resolve all open claims…” related to Hurricane Michael. Here’s the...
Delaware Woman Indicted for $16K of Fraudulent Insurance Claims
Aug 12 2019 // A Wilmington, Del., woman was indicted by the New Castle County Grand Jury for insurance fraud and other felony charges. Theresa T. Milton was indicted on seven felony counts of insurance fraud, one felony count of theft...
Report Bayer Offered $8 Billion to Settle Roundup Claims Is ‘Fiction,’ Says Mediator
Aug 11 2019 // Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as...
Greenlight Re Innovations Invests in Australia Property Claims Platform Handdii
Aug 9 2019 // Greenlight Re Innovations (GRI), a subsidiary of Greenlight Capital Re Ltd., announced it has made a strategic investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Melbourne, Australia-based...
Coinbase Must Face Buyers’ Negligence Claims Over ‘Hasty’ Launch of Its Bitcoin Cash
Aug 9 2019 // Coinbase Inc. must face a negligence lawsuit for allegedly botching the launch of its digital currency bitcoin cash, or BCH, through an apparent “incompetence born of haste,” a judge ruled. U.S. District Judge...
How AI Advances ‘No-Touch’ Resolution of Workers Compensation Claims: Opinion
Aug 8 2019 // Many human hours are needed to sort, analyze and process workers compensation claims—the vast majority of which are low in value. The U.S. workers comp insurance market is forecast to earn revenues of $55 billion in...
New Hurricane Response Tools from Munich Re Aim to Improve Claims Experience
Aug 7 2019 // Munich Re has launched a new suite of hurricane response tools designed to help insurance companies assess widespread property damage after a hurricane and improve their customers’ claims experience. Developed by...
Tesla Under U.S. Scrutiny Over Safety Claims
Aug 7 2019 // Tesla Inc. received a cease-and-desist letter last year from the U.S. National Highway Traffic Safety Administration (NHTSA) for making misleading statements over safety ratings of its Model 3 cars, according to documents...
Munich Re Reports 36% Rise in Q2 Net Profit on Lower Claims from Major Losses
Aug 7 2019 // German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019. Net profit was 993 million euros ($1.11 billion),...
Kentucky Jury Rejects Talc Powder Asbestos Claims Against J&J, Colgate
Aug 6 2019 // Johnson & Johnson and Colgate-Palmolive Co. persuaded a Kentucky jury to reject claims that asbestos in the companies’ talc-based products was responsible for a woman’s death. Jurors in a Louisville state...
RT Specialty Promotes Mannschreck to President of Claims, Chief Claims Officer
Aug 5 2019 // R-T Specialty LLC (RT Specialty), based in Chicago, has promoted Todd Mannschreck to president of Claims, chief claims officer. Mannschreck has been with RT Specialty since 2013 and has lead RT Specialty’s claims...
Texas High Court Clarifies Bad Faith in Appraisal Process
Aug 2 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
Fewer Injured Workers Receiving Opioids Under Workers’ Compensation But States Vary
Aug 2 2019 // Fewer injured workers are receiving opioids to treat pain than in previous years, as medical providers are turning more to non-opioid medications and physical therapies. A new study of injured worker claims from 27 states...
Florida Regulator Calls Open Hurricane Michael Claims ‘Discouraging’; Plans Data Call
Aug 1 2019 // With more than 20,000 claims related to Hurricane Michael still open nine months after the storm hit the Florida Panhandle, Florida’s top insurance regulator is calling on the insurance industry to take “all...
Epoq Legal Introduces Business Risk Protection Service for Legal Claims
Jul 31 2019 // Insuretech service provider Epoq Legal has rolled out a new service designed for small- to medium-sized enterprises as either an optional or mandatory product sold alongside insurance and financial services products. The...
Misdiagnosis a Leading Cause of Medical Malpractice Claims, Studies Show
Jul 30 2019 // Two recent research papers both point to the significance of diagnostic errors as a source of medical malpractice claims. A peer-reviewed paper published in Diagnosis on July 11 found that inaccurate or delayed diagnoses...
CFC Underwriting Taps Francis from Aon/Stroz Friedberg as Cyber Claims Director
Jul 26 2019 // CFC Underwriting, the London-based managing general agent that specializes in emerging risks, announced the appointment of Roger Francis as Cyber Claims director. Francis will lead CFC’s cyber claims and incident...
Pets Account for Nearly 400 Workers’ Comp Claims A Year in Oregon
Jul 25 2019 // Slip and falls, flying tools, poor posture. The workplace can be dangerous, and now you can add pets to the risks that Oregon workers face. Dogs and cats have accounted for more than 1,900 claims since 2014 received by...
Roundup Not Only Monsanto Legal Woe For Bayer; PCB Claims Still Coming
Jul 24 2019 // The widening legal nightmare over Roundup weedkillers isn’t the only potential multi-billion-dollar liability Bayer AG inherited last year when it acquired Monsanto Co. While thousands of damage claims over Roundup...
Worley, Brown Launch Legion Claims Solutions in Louisiana
Jul 23 2019 // Legion Claims Solutions LLC (Legion), a firm specializing in the management of catastrophe insurance claims, environmental/industrial claims, and governmental disaster recovery programs, has opened in Baton Rouge,...
