Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Incumbent Re/Insurers Drive Insurtech Investments in Q4 2017: Willis Towers Watson
Feb 2 2018 // Re/insurance industry incumbents are fueling investments in insurtech startups, sending a clear message to potential disruptive outsiders, according to a report published by Willis Towers Watson, which detailed 2017 trends...
Heckman Joins Berkeley Research Group’s Insurance Claims Practice in Dallas
Feb 1 2018 // Global strategic advisory and expert consulting firm Berkeley Research Group has added D. Christopher Heckman to the firm’s Complex Insurance Claims practice in Dallas. Heckman, who joins as a managing director in...
London Market Single Claims Agreement Launched to Improve Claims Handling
Feb 1 2018 // The London market has launched a simplified system for claims handling in an effort to improve client service and streamline claims agreement across the London market. The Single Claims Agreement is designed “to...
United Educators Offers Free Webinar on Independent School Liability Claims
Feb 1 2018 // Bethesda, MD, February 1, 2018— United Educators (UE) is a reciprocal risk retention group serving educational institutions, including independent K-12 schools. Over a five-year period, UE and its member institutions...
Statewide Claims for California Wildfires Reach Nearly $12B
Jan 31 2018 // Insurers have received nearly 45,000 insurance claims totaling more than $11.79 billion in losses from the wildfires that burned across the state in October and December 2017, California Insurance Commissioner Dave Jones...
International Underwriting Association Calls for EU Registry of Cyber Claims Data
Jan 31 2018 // A more coherent, consistent recording of cyber incidents would help the insurance industry better understand the frequency and cost of cyber claims, according to a report published by the International Underwriting...
NCC Difference Makers Adjusters Conference 2018 to be Held in San Antonio, Texas
Jan 31 2018 // Atlanta, GA, January 31, 2018 – National Claims Connection (NCC) is hosting the 2018 Adjusters Conference on February 25-27, 2018 at the historic Menger Hotel in San Antonio, Texas. NCC has partnered with sister...
Duke Energy, North Carolina Coal Ash Neighbors End Dispute Over Future Claims
Jan 31 2018 // Neighbors of Duke Energy Corp.’s unlined coal ash pits in North Carolina went to court after the company said their $5,000 “goodwill” payments required them to give up future health claims linked to...
Capital Markets Still Keen on ILS Investments Despite 2017 Disaster Claims: WTW
Jan 29 2018 // The insurance linked securities (ILS) sector is set for another year of growth as the market recovers from 2017’s natural disasters, replaces lost capital and investors show mounting interest in ILS products. These...
West Virginia Man Sentenced to Nearly 2 Years for Filing $354K in Fraudulent Claims
Jan 26 2018 // A West Virginia man has been sentenced to one year and nine months in federal prison for filing false insurance claims totaling more than $354,000. Thirty-six-year-old Daniel Lichtman of Kearneysville was sentenced for...
Groszek Joins Alliant’s ProQuest Division in Chicago
Jan 24 2018 // Longtime attorney and claims specialist Jennifer Groszek has joined the ProQuest division of Alliant as vice president, claims advocate lead, where she will provide risk management, consulting, and claims management and...
QBE Expects US$1.2B Loss in 2017 from ‘Unprecedented’ Natural Catastrophes
Jan 24 2018 // QBE announced to the market this week that it expects a US$1.2 billion after-tax loss in 2017 on “unprecedented” natural catastrophe claims. “This has been a challenging year for QBE, reflecting an...
Losses From Southern California Fire Could Reach $2.5B, Expert Says
Jan 23 2018 // Losses from the Thomas Fire in Southern California are expected to fall between $1 billion and $2.5 billion, a catastrophe modeling firm said on Tuesday. The Thomas Fire, which raged across Southern California’s...
Louisiana Citizens Opens Search for Catastrophe Service Vendors
Jan 22 2018 // New Catastrophe Services contracts are expected to secure over 600 Adjusters as part of the company’s ongoing Catastrophe preparedness and response to large claim volume events. Baton Rouge, LA, January 22, 2018–...
More than 3K Broken Pipe Insurance Claims Expected in Texas After Deep Freeze
Jan 22 2018 // Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across Texas. The Insurance Council of Texas says that more than 3,000 insurance claims are expected from policyholders...
2017 Disasters
Jan 22 2018 // The Federal Emergency Management Agency (FEMA) was busy in 2017 as it supported 59 major disaster declarations and 16 emergency declarations, a year during which unprecedented disasters affected more than 25 million...
Microinsurer BIMA Aims to Close Developing Nations’ Protection Gap with Life & Health Cover
Jan 19 2018 // The insurance protection gap in developing nations is being filled by a growing group of microinsurers, which provide coverage that ranges from life and health insurance, to crop insurance, to property protection after...
Report Shows Florida AOB Abuse Worsening as Lawmakers Consider Reforms
Jan 17 2018 // The 2018 Florida Legislative Session is underway, and lawmakers have wasted no time taking up legislation to address the assignment of benefits crisis plaguing the state. While they debate which reform option to back,...
AGCS Names Vissing to Succeed Henson as Head of Claims, Regional Unit London
Jan 16 2018 // Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist corporate insurer, has appointed Lars Vissing as Regional Unit London (RUL), head of Claims, starting in February 2018. Vissing succeeds...
BP Still Paying Gulf Oil Spill Claims as Court Battles Wind Down
Jan 16 2018 // BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S. history start to wind down. The 2010 explosion at a well in the Gulf of...
