Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Miami Woman Arrested Over Fraudulent Insurance Claims, Attempt to Steal $178K
Dec 1 2017 // A Florida homeowner was arrested for insurance fraud and grand theft following her attempt to file a damage claim against a new insurance policy after already receiving a $60,000 insurance payout from her former insurance...
Woman Staying in Hotel During Tennessee Wildfires Claims PTSD in Lawsuit
Dec 1 2017 // A Tennessee woman who checked in to a hotel as deadly wildfires raged nearby says in a lawsuit that she was terrified she would die in the hotel and is suffering from post-traumatic stress disorder because of the...
Florida’s Hurricane Irma Recovery: The Cost, The Challenges, The Lessons
Nov 30 2017 // The hurricane season is officially over, but it didn’t go by without leaving a major mark on Florida and its insurance industry. Hurricane Irma, a name most in the state won’t soon forget, first hit the Florida...
Lloyd’s Pays Claims of $1.7B for Hurricanes Harvey, Irma & Maria – So Far
Nov 29 2017 // The Lloyd’s market has paid claims worth US$1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year Lloyd’s estimated a total commitment of US$4.8 billion for the three...
Another Insurance Fraud Reminder
Nov 29 2017 // Two recent stories in Insurance Journal caught my eye and gave me this topic. Florida Puts Worker’s Comp Carrier Guarantee Insurance In Receivership Florida Keys Insurance Agent Accused of Defrauding Citizens...
Lawsuit Claims Florida is Ignoring Medical Marijuana Law
Nov 29 2017 // A Florida nursery and a man who suffers from epilepsy filed a lawsuit against Gov. Rick Scott’s administration that contends that state officials are flouting the state’s new medical marijuana law. It’s...
3M Faces New Cancer Claims in Minnesota’s $5B Lawsuit
Nov 21 2017 // Chemicals once used by 3M Co. for Scotchgard, fire retardants and other products have shown links to cancers and premature births, Minnesota’s State Attorney General said in a request to update a $5 billion lawsuit...
Insurers Asked to Pay $90 Million to Settle Shareholder Claims Over Fox News Sexual Harassment
Nov 21 2017 // Twenty-First Century Fox Inc. has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor...
Minnesota Settles with 13th Life Insurance Company Over Unpaid Claims
Nov 20 2017 // The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The...
Drugmaker Purdue Moves to Settle States’ Claims Over Opioids
Nov 20 2017 // Oxycontin maker Purdue Pharma LP is proposing a global settlement in an attempt to end state investigations and lawsuits over the U.S. opioid epidemic, according to people familiar with the talks. Purdue’s lawyers...
Family Claims Safety Hazard Killed 5-Year-Old at Atlanta Rotating Restaurant
Nov 20 2017 // The family of a 5-year-old boy killed when he became caught in a rotating Atlanta restaurant is suing the company, saying it failed to prevent a “longstanding safety hazard.” The lawsuit comes after Charlie...
Recent Hurricanes Highlight the Need for Digital Transformation in Insurance
Nov 20 2017 // The claims for Hurricane Irma are starting to pour in and they’ll be big, $25 billion to $35 billion, forecaster AIR Worldwide says. The scenes of flooding, displaced people, wrecked homes and disrupted communities...
A Storm of Claims Likely Following 2017 Hurricane Season
Nov 20 2017 // The aftermath of this year’s hurricanes includes massive reconstruction across the impacted areas, which in turn creates an increased possibility for construction defect claims that would affect the liability...
California Jury Sides with J&J Against Talcum Powder Cancer Claims
Nov 17 2017 // A California jury on Thursday ruled in favor of Johnson & Johnson in a lawsuit by a woman who said she developed the cancer mesothelioma after being exposed to asbestos in the company’s talc-based products...
Ohio Company Pays $75M to Settle Suits over Alleged False Hospice Claims
Nov 16 2017 // An Ohio corporation has paid the U.S. government a record $75 million to settle lawsuits stemming from alleged false claims about hospice patients. The U.S. Department of Justice says that between 2002 and 2013 Chemed...
Penn State Payouts on Sandusky Abuse Claims Now Top $100M
Nov 13 2017 // Penn State disclosed Friday it recently paid out an additional $16 million to people with claims they were sexually abused by former assistant football coach Jerry Sandusky, raising the total over several years to more...
Allianz Cuts 2017 Profit Projection After Q3 Natural Catastrophe Claims
Nov 13 2017 // Allianz has slightly downgraded its profit outlook for the full year after increased claims from natural disasters in North America, the German insurance giant’s finance chief said. Hurricanes Harvey, Irma and Maria,...
Insurers Face Potential $1 Billion in Claims for Las Vegas Mass Shooting
Nov 13 2017 // The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires. The industry...
Hannover Re Sells Entire Stock Portfolio to Pay for Catastrophe Claims
Nov 8 2017 // For Hannover Re, the world’s third-biggest reinsurer, it’s time to take profits in the stock market. The German company said on Wednesday that it sold its entire stock portfolio, worth about 953 million euros...
Insurtech-Led TPA, Advent Claims, to Administer Claims for Principia Underwriting
Nov 8 2017 // Advent Claims, the insurtech-led claims third party administrator (TPA), announced it has signed an agreement to administer all claims for Aquila Underwriting-backed MGA, Principia Underwriting. Principia, which previously...
