Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Insurance Industry Use of Drone, Aerial Imagery Soared After 2018 Southeast Disasters
Jan 24 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
J&J to Pay States $120 Million to Settle Hip Implant Marketing Claims
Jan 23 2019 // Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company’s metal-on-metal hip implants. Attorneys general of...
Argo Estimates Losses from Q4 Natural Catastrophes, Other Claims to Hit $44M
Jan 18 2019 // Argo Group International Holdings, Ltd., the Bermuda-based re/insurer, announced a preliminary pre-tax catastrophe loss estimate of $32 million for the fourth quarter of 2018, primarily related to Hurricane Michael and the...
Swiss Re Estimates Its Q4 Natural Catastrophe Claims to Hit US$1.0B
Jan 15 2019 // Swiss Re estimates it will pay claims of approximately $1.0 billion for natural catastrophes booked in the fourth quarter of 2018, with the largest generated from California wildfires and Hurricane Michael. These natural...
Hedge Fund Baupost Reported to Hold $1 Billion in PG&E Insurance Claims
Jan 14 2019 // Seth Klarman’s Baupost Group has been the poster child of the hedge fund industry’s ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns out,...
California Comp Insurers Won’t See Insurance Guarantee Assessment, a First in 20 Years
Jan 14 2019 // California worker’s compensation insurers and their customers are getting a bit of a break this year. The California Insurance Guarantee Association won’t be collecting its annual assessment on 2019...
Neiman Marcus Settles Data Breach Claims With States for $1.5 Million
Jan 10 2019 // More than 40 state attorneys general have announced a $1.5 million settlement with The Neiman Marcus Group LLC over a data breach the Dallas-based retailer disclosed in January 2014. The breach exposed customer credit card...
Fiat Chrysler to Pay $700M to U.S., States, Car Owners Over Diesel Emissions Claims
Jan 10 2019 // Fiat Chrysler Automobiles NV will pay more than $700 million to resolve lawsuits from the U.S. Justice Department and diesel owners over claims it used illegal software to allow 104,000 diesel vehicles to emit excess...
Beecher Carlson Taps ACM to Handle Claims for National Client
Jan 7 2019 // San Diego, CA, January 7, 2019 – DS Services of America, in partnership with their broker Beecher Carlson, recently selected American Claims Management (ACM) to handle claims management in a portion of the states in...
First States to Legalize Marijuana See Rise in Car Insurance Claims, Research Shows
Jan 7 2019 // Crashes are up by as much as six percent in Colorado, Nevada, Oregon and Washington, compared with neighboring states that haven’t legalized marijuana for recreational use, according to research from the Insurance...
Once Upon a Time … Resolving Insurance Coverage and Claims Disputes
Jan 7 2019 // An independent agent in a small rural town insured a farmer whose barn burned down. The agent had failed to schedule the farm structure, so the farm policy did not cover the total loss. The agent routinely placed farm...
Not#YouToo
Jan 7 2019 // How Not to Become Part of the #MeToo Conversation, and Where to Look for Help If You Do Not long ago, if someone asked you if you had heard about Harvey Weinstein and Kevin Spacey, you would assume they were working on a...
Judge Grants Monsanto Request Limiting Evidence in Roundup Cancer Claims Trials
Jan 4 2019 // A federal judge overseeing lawsuits alleging Bayer AG’s glyphosate-based weed killer causes cancer has issued a ruling that could severely restrict evidence that the plaintiffs consider crucial to their cases. U.S....
Indiana’s Worley Claims Services Buys Dallas’ Replacement Source of America
Jan 3 2019 // Fishers, Indiana-based insurance claims services provider, Worley Claims Services LLC (Worley) has acquired Replacement Source of America Inc. (ReSource), headquartered in Dallas. ReSource is a contents services company...
$5M in Claims Filed Against Montana Coal Company Include Family of Worker
Jan 3 2019 // The family of a fallen miner is among those in Montana trying to collect more than $5 million from a coal company that’s working through bankruptcy proceedings. Also trying to collect are county governments, and...
Florida Regulator Calls on Insurers to Handle Hurricane Michael Claims
Dec 31 2018 // Florida Insurance Commissioner David Altmaier is urging Florida insurers to close the more than 42,000 Hurricane Michael claims that remain open nearly three months after the storm. In a Dec. 19 memorandum to all property...
‘Barista Wrist’ Among Restaurant Industry’s Highest Lost Time Injuries
Dec 28 2018 // Restaurant workers miss about a month from work from a variety of injuries, on average, but for coffee shop workers, wrist injuries are the biggest danger. In fact, Barista Wrist, can keep café workers sidelined for more...
Wells Fargo to Pay States $575 Million in Sales Abuse Claims
Dec 28 2018 // Wells Fargo & Co. will pay $575 million to settle claims made by U.S. states that the bank created phony accounts and committed other customer abuses, according to a statement by the Iowa attorney general’s...
Commercial Auto: An Old Dog Up to New Tricks
Dec 28 2018 // For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the last 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers,...
Most Insurers to Increase Payments to California Wildfire Victims Without Itemization
Dec 28 2018 // California Insurance Commissioner Dave Jones said this week that most insurers were following a notice he issued requesting that residential property insurers provide at least 75 percent and up to 100 percent of contents...
