Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
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...
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
Jun 22 2016 // A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch Ratings. The Insurance...
Gunmakers Say Federal Law Shields Them from Sandy Hook Negligence Claims
Jun 21 2016 // A 2005 federal law was designed specifically to prevent gunmakers from being sued for mass killings like the one at Sandy Hook Elementary School, lawyers for the maker of the AR-15 assault weapon used in the attack told a...
Supreme Court Dismisses South Africans’ Apartheid Claims Against IBM, Ford
Jun 20 2016 // The U.S. Supreme Court on Monday rejected an appeal by a group of black South Africans seeking to revive human rights litigation aiming to hold Ford Motor Co. and IBM Corp. liable for allegedly conducting business that...
Opioid Prescriptions in Workers’ Compensation Cases Decline: WCRI Study
Jun 20 2016 // A new study by the Workers Compensation Research Institute (WCRI) found “noticeable decreases” in the amount of opioids prescribed per workers’ compensation claims in a majority of 25 states studied. The...
Insurer’s Hospital Claims Study Corroborates High Death Risk from Medical Errors
Jun 20 2016 // Death claims are the most common hospital liability claims, according to an insurance company study released after researchers at Johns Hopkins University School of Medicine reported that medical errors are the third...
Have Injured Workers Benefited from Oklahoma’s Opt-Out Plans? It Depends, Study Says
Jun 20 2016 // A recent analysis of the workers’ compensation “opt-out” system in Oklahoma concludes that employer-run plans for injured workers may offer benefits that are equal to or better than those provided by...
How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report
Jun 20 2016 // When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a...
CAMICO to Offer Enhanced Coverage for CPA Firms Through New Berkley Company
Jun 17 2016 // CAMICO, a CPA-directed program of insurance and risk management for the accounting profession, and Berkley Alliance Managers (BAM), a W. R. Berkley Company, have announced new insurance policies with enhanced coverage....
Despite Losses, North Dakota Political Subdivision Insurance Fund Pays Off
Jun 17 2016 // A 30-year-old self-insurance pool has been paying off well for North Dakota political subdivisions, despite large claim losses in 2015. “It’s worked extremely well,” said Steve Spilde, chief executive...
Supreme Court Limits Fraud Claims Against Federal Contractors
Jun 17 2016 // The U.S. Supreme Court on Thursday imposed some limits on the kind of fraud claims that can be brought against federal contractors in a case involving a suit against one of America’s largest hospital operators over a...
