Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders
Nov 21 2016 // Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched a proprietary web-based claims management system for managing general agents (MGAs) and...
West Virginia Settles Claims Against 3 Drug Companies for $800K
Nov 21 2016 // The West Virginia Attorney General’s Office says it has reached settlements with three more prescription drug wholesalers for $800,000 resolving allegations they failed to detect, report and stop suspiciously large...
Supreme Court Justices Question State Farm Appeal of Katrina Jury Verdict
Nov 21 2016 // The Supreme Court appeared unlikely to throw out a jury verdict against State Farm that found the insurance company defrauded the U.S. government when it assessed damage caused by Hurricane Katrina along the Gulf of Mexico...
Rising Earthquake Risks and Oklahoma’s Insurance Market
Nov 21 2016 // The 5.0 magnitude earthquake that struck near the oil and gas storage hub of Cushing, Oklahoma, on Nov. 6 put the nation on alert to the vulnerability of the country’s oil reserves to the significant increase in...
Trump Settles University Fraud Claims for $25 Million, Avoids Trial
Nov 20 2016 // President-elect Donald Trump agreed to pay $25 million to settle claims that his defunct Trump University cheated more than 6,000 students with false promises of teaching them his real estate secrets. The accord, announced...
North Carolina Couple Arrested for Making Duplicate Auto Claims
Nov 18 2016 // A North Carolina couple has been arrested and charged with one count of insurance fraud and obtaining property by false pretense, according to North Carolina Insurance Commissioner Wayne Goodwin. Keith Hedgepeth, 48, and...
2 Former Postal Employees Convicted in Dallas for Workers’ Comp Fraud
Nov 17 2016 // Two former U.S. Postal Service employees have been convicted on felony charges related to a workers’ compensation fraud scheme, U.S. Attorney John Parker of the Northern District of Texas announced. McArthur Baker,...
Sharing Economy Requires More Sharing Between Underwriting, Claims
Nov 16 2016 // The sharing economy poses new challenges for insurers including new exposures from technology and a need for better communication between claims and underwriting. That’s according to members of the International...
UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’
Nov 16 2016 // Nexus Underwriting, the London-based independent specialty managing general agent (MGA), has formed a claims company, trading as Nexus Claims. Being run independently from the underwriting companies, Nexus Claims offers...
Will Rising Earthquake Risks in Oklahoma Shake Up the Insurance Market?
Nov 14 2016 // The 5.0 magnitude earthquake that struck near the oil and gas storage hub of Cushing, Oklahoma, on Nov. 6 put the nation on alert to the vulnerability of the country’s oil reserves to the significant increase in...
Toyota to Pay $3.4 Billion to Settle U.S. Truck Rust Claims
Nov 14 2016 // Toyota Motor Corp. has agreed to a settlement of up to $3.4 billion for a federal class action brought by U.S. owners of pickup trucks and SUVs whose frames could rust through, plaintiffs lawyers have said in court...
Judge Rules AIG Must Defend Bill Cosby in Defamation Claims
Nov 10 2016 // A federal judge said Bill Cosby’s homeowner’s insurance company must defend him against three civil defamation lawsuits in Massachusetts brought by several women who accused the once-beloved entertainer of...
Detroit to Pay $11M to Settle Water Damage Claims of 800 Residents
Nov 8 2016 // Months after two severe storms flooded basements on Detroit’s east side, the city’s water department has decided to pay the claims of all residents who aren’t suing it. The Detroit Free Press reports that...
Many Hands Await $151M West Virginia Chemical Spill Payout
Nov 7 2016 // After a $151 million settlement was reached in a West Virginia chemical spill that tainted a local water system, the real wait begins for residents and businesses hoping to cash in on the claims process. And for whoever is...
FEMA Extends Deadline for Hurricane Hermine NFIP Claims
Nov 7 2016 // The Federal Emergency Management Agency (FEMA) has extended the deadline for National Flood Insurance Program (NFIP) policyholders to file claims from Hurricane Hermine. “After productive discussions between...
Repeat Plaintiffs, Non-Profits Target Businesses for ADA Compliance
Nov 7 2016 // Americans with Disabilities Act (ADA) Title III lawsuits are up 63 percent over 2015, according to law firm Seyfarth Shaw. ADA Title III prohibits businesses open to the public from discriminating on the basis of...
Cyber, Risk Management & Claims for Accountants’ Liability
Nov 7 2016 // The environment for accountants’ professional liability (APL) insurance programs continues the trend of the past few years of both expansions in coverage and risk management with many programs. The market is also...
Goldman Sachs, Paulson Settle Fraud Claims by Bond Insurer Over Subprime CDO
Nov 6 2016 // Goldman Sachs Group Inc. has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial...
Amazon Drivers Deliver ‘Joint Employer’ Claims Against E-commerce Giant
Nov 4 2016 // Amazon.com was sued by Illinois delivery drivers who say the company failed to pay them overtime for hauling its goods. Among the questions the judge will have to answer? Whether they actually worked for...
Uber Settles Claims of Sexual Assault by Drivers
Nov 4 2016 // Uber Technologies Inc. settled a lawsuit filed by two women who sought to hold the company responsible for alleged sexual assaults by drivers. Terms of the accord weren’t disclosed in court papers. The settlement...
