Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Crop Hail Damage Claims on the Rise in Montana
Jul 14 2016 // State officials say damage claims for Montana crops due to hail are nearly double what they’ve been in recent years. The Billings Gazette reports the state Department of Agriculture’s Walt Anseth says farmers...
Insurance Documents in Penn State Sex Abuse Case Released
Jul 14 2016 // Penn State coach Joe Paterno was told by a teen boy in 1976 that assistant coach Jerry Sandusky had molested him in the shower but responded that he didn’t want to hear about it and had “a football season to...
Court Removes GM Bankruptcy Shield on Ignition Switch Claims
Jul 14 2016 // General Motors’ 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million vehicles in 2014, a...
Heritage Revokes 14.9% Rate Increase Filing for Florida Homeowners
Jul 13 2016 // After review by the Florida Office of Insurance Regulation (OIR) and much criticism from Florida stakeholders, Florida-based Heritage Property & Casualty Company has withdrawn its request for an overall 14.9 percent...
Study: 43% of Insurers’ Prescription Payments Going to Specialty Drugs
Jul 12 2016 // The latest study of medicine prices finds U.S. insurers’ spending on expensive prescription drugs nearly quadrupled from 2003 through 2014, when the number of such prescriptions filled tripled. Spending on expensive...
Survey: Agents Value Carrier Underwriting More Highly Now Than 5 Years Ago
Jul 12 2016 // A comparison of independent agent opinions five years ago to today shows how far the agency channel has come while also illustrating that certain fundamentals remain important throughout cycles and market...
5 Principles for Successfully Navigating Complex Property/Casualty Claims
Jul 11 2016 // Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When they do, the impacts to...
Texas Insurers Look to Courts for Hope in Stemming Hail-Related Lawsuits
Jul 11 2016 // Following a severe hailstorm in south Texas in 2012, insurers were beset with homeowner property lawsuits – sometimes after claims were paid and repairs were completed, according to an insurer trade group. Since then,...
Accident Fund Insurance Names Holland as Claims VP
Jul 7 2016 // Accident Fund Insurance Company of America has appointed Dean Holland to vice president of Claims. In this role, Holland is responsible for all claims and medical operations. Holland joined the company in 1987 as a claims...
West Virginia Insurance Head Implements Emergency Orders for June Storm Claims
Jul 7 2016 // Lt. Dennis Feazell, of the West Virginia Department of Natural Resources, keeps his boat on station as he and a co-worker search flooded homes in Rainelle, W. Va., Saturday, June 25, 2016. Heavy rains that pummeled West...
Collapse of Utah Insurance Co-Op Leaves Millions in Claims Unpaid
Jul 5 2016 // The collapse of Utah’s nonprofit insurance cooperative is leaving Utah hospitals with millions in unpaid claims. Arches Mutual Insurance Co. owes $33 million that the Utah Department of Insurance says will likely...
Treasury Recommends Some Terrorism Premiums Be Retained for Future Claims
Jul 5 2016 // In a report that concludes that the federal terrorism risk insurance program “remains an important mechanism” for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury...
Emerging Markets’ Claims Expected to Hit Coface’s 2016 Profit
Jul 5 2016 // Coface SA, a French export-credit insurer, warned Monday that higher-than-expected claims by companies trading with emerging markets may cut its 2016 annual profit. The Paris-based company also cited longer collection...
GEICO Files RICO Lawsuit in Florida Over Alleged Fraudulent Claims
Jul 1 2016 // GEICO has sued five Florida companies and six known individuals engaged in what it said was a complex scheme to submit hundreds of suspected fraudulent glass repair bills for payment. In the case, Government Employees...
MEMIC Names XL Catlin’s Gonnella VP of Claims for Atlantic, Northeast
Jun 29 2016 // Workers’ compensation insurer The MEMIC Group has appointed Gus Gonnella to the position of vice president of Claims for the Atlantic and Northeast regions. In his more than 23 years of experience in the insurance...
American Claims Management Chosen by Pet Health Provider VCA to Manage Claims Experience
Jun 28 2016 // San Diego, CA, June 28, 2016 –American Claims Management, Inc. (ACM) has assumed third party administration of all animal malpractice and general liability claims for Veterinary Centers of America (VCA), a publicly...
Wedding Vendors Account for Most Costly Claims: Travelers
Jun 27 2016 // Problems with vendors amounted to 30 percent of claim payments for all wedding claims, according to Travelers Companies, Inc. which announced the findings of its recent analysis of wedding insurance claims from...
Arkansas Woman Charged with Filing Nearly $250K in False Insurance Claims
Jun 23 2016 // A Pulaski County, Ark., employee who processed insurance claims has been fired after being arrested and charged with filing false insurance claims for nearly $250,000. Authorities say 60-year-old Wanda Wyatt was a fleet...
Sisters’ Lawsuit Against Pennsylvania Diocese Claims Sex Abuse by Priest
Jun 23 2016 // Two sisters have sued a Catholic priest, his central Pennsylvania diocese and two ex-bishops who supervised him, saying the cleric molested them repeatedly as girls — including one at her first Communion party. The...
Florida’s Citizens Says AOB Abuse to Blame for Statewide Rate Increase of 6.8%
Jun 23 2016 // Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent statewide. The company said the increase is a necessary response to rising non-weather water...
