Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Munich Re & Hannover Re Results on Track Despite Higher Nat Cat Claims
May 10 2017 // Reinsurers Munich Re and Hannover Re both reported that first quarter results are on track to meet their annual targets, despite Q1’s higher level of catastrophe claims. Munich Re reported consolidated first quarter...
Neon Builds Claims Team by Appointing MS Amlin’s Coley, XL Catlin’s Sterling
May 10 2017 // Neon has completed the build-out of its claims team with the recent appointments of Gavin Coley as technical head of claims and James Sterling as claims manager for professional indemnity & financial...
Sterling Jewelers Settles EEOC Gender Bias Claims But Class Action Still Possible
May 9 2017 // Sterling Jewelers Inc. has settled claims by a U.S. agency that it discriminated against female employees in pay and promotions, but the deal will not affect a similar case brought on behalf of nearly 70,000 women who...
Will Technology Make Insurance Obsolete?
May 9 2017 // “Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance Symposium, April...
Florida Lawmakers Once Again Fail to Pass AOB Claims Reform
May 9 2017 // Florida lawmakers have once again let slip an opportunity to address insurance claims abuse, as legislation failed to make it through the Senate before the 2017 legislative session ended Friday. This is the fifth...
Digital Property Inspection Startup Spex Gains J.S. Held as Backer
May 8 2017 // J.S. Held, a Jericho, N.Y.-based construction and property damage consulting firm, said it has become a majority owner in Spex, a digital property inspection and reporting platform for the property/casualty insurance...
Canadian Claims Management Firm, SCM, Acquires Nixon & Co. in Missouri
May 4 2017 // Canada-based SCM Insurance Services has expanded into the United States by acquiring claims adjusting and investigations firm, Nixon & Company Inc., headquartered in St. Louis, Missouri. Founded more than 40 years ago,...
Oregon Hotel Doors Killed Woman, Lawsuit Claims
May 4 2017 // The family of an 87-year-old woman who died after she was hit by the automatic front doors of a Portland, Ore. hotel has filed a $2.7 million lawsuit against the hotel. The Oregonian/OregonLive reported that the lawsuit...
Ames & Gough Appoints Marshall to Lead Newly Established New York Operations
May 4 2017 // Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations/nonprofits and other professional service organizations, has appointed Wayne T....
Swiss Re Q1 Net Income Drops by 45% on Cyclone Debbie Claims
May 4 2017 // Swiss Re reported net income of US$656 million during the first quarter of 2017, a 45 percent drop from $1.2 billion reported in the same period last year. Swiss Re’s Q1 result was hammered by expected claims from...
South Carolina Insurance Head: Nearly $587M Paid on 114K Matthew Claims
May 4 2017 // Insurance companies have closed 87 percent of the 18,193 insurance claims filed in Beaufort County in the aftermath of Hurricane Matthew, resulting in a payout of more than $159.3 million. News outlets report that South...
Supreme Court Issues Mixed Rulings on Municipal Suits Over Predatory Lending
May 2 2017 // The U.S. Supreme Court on Monday ruled that cities may sue banks over predatory mortgage lending to minorities that harms municipal finances, but cast doubt on whether such cases can succeed by throwing out a lower court...
Crumbling South Carolina Roads Cost State Nearly $50M in Driver Claims Since 2010
May 1 2017 // Taxpayers are spending more to settle claims for vehicles damaged and wrecked on South Carolina’s crumbling roads. The State newspaper reports Friday that South Carolina has spent nearly $50 million since 2010 to...
Commercial Auto – The Long Road to Profitability
May 1 2017 // The commercial auto market has a long road ahead to reach profitability after five consecutive years of underwriting losses from 2011-2015. While many insurers upped rates in 2016, the year appears to be coming in with...
How New Technology Is Improving Workers’ Comp
May 1 2017 // New technologies are improving workers’ compensation programs in everything including communications and training, healthcare delivery, and claims, according to experts. Tom Ryan, market research leader for...
Washington Nightclub Claims Racial Prejudice in $22.5M Suit
May 1 2017 // The city of Vancouver, Wash., and others successfully conspired to close a nightclub because of racial prejudice, the club’s owners say in a $22.5 million suit. The owners of Q Nightclub and Lounge say efforts by the...
Senate Bill Would Extend National Flood Insurance Program for 10 Years
Apr 28 2017 // U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set to expire on Sept. 30,...
Massachusetts Court Sides with Norfolk & Dedham in Personal Injury Suit
Apr 27 2017 // The Massachusetts Appeals Court has upheld a Superior Court decision that defendant, Norfolk & Dedham Mutual Fire Insurance Co., did not engage in unfair settlement practices in its handling of a personal injury claim....
Biohazard Cleanups Not Pretty-and Neither Are the Costs to Insurers
Apr 27 2017 // If Peter Duncanson is on the scene, it’s probably not pretty. It could be a CSI-like crime scene with spattered blood and skin fragments on the sofa and wall. Or a trauma scene where an injured employee or animal...
Florida House Advances Bill Targeting Claims Abuse, But Senate Battle Looms
Apr 27 2017 // A bill aimed at decreasing insurance claims abuse in Florida has made it through the Florida House, and the industry’s hope for assignment of benefits reform now officially rests with the state Senate. The Florida...
