Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
American Claims Management Tapped by National Unity to Manage Claims for International Tourist Program
Jun 8 2016 // San Diego, CA, June 8, 2016 –American Claims Management Inc. (ACM) has been selected as the third party claims administrator for the International Tourist Program of National Unity Insurance Company. The contract,...
Update: German Flood Claims Estimated at $1.1B, Says Fitch Ratings
Jun 7 2016 // Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry squeezed by low interest rates and decreasing prices for policies. Claims linked...
What Insurance Industry Can Learn from Amazon About Customer Satisfaction
Jun 6 2016 // Amazon.com scored its sixth annual victory in the 24/7 Wall Street Customer Service Hall of Fame last year, with 59 percent of customers reporting that they received excellent customer service from the e-commerce giant....
People Are Key to a CFO’s Success: QBE’s Group CFO Regan
Jun 6 2016 // When discussing his career as a chief financial officer, Patrick Regan, group chief financial officer for QBE, emphasizes the importance of people and the team the CFO builds. “You’re only as successful as the...
5 Principles for Navigating Complex Property/Casualty Claims
Jun 6 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...
Lying About Gulf Oil Spill Size to Investors to Cost BP $175M
Jun 3 2016 // BP Plc said it agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill to prop up its stock price, removing the company’s last major...
Critics of Uber’s $100M Driver Settlement Have Day in Court
Jun 3 2016 // Uber Technologies Inc. may have to return to the bargaining table to show just how badly it wants to avoid a jury trial with drivers demanding to be treated as employees. The world’s largest rideshare company faced...
74 Sex Abuse Claims Filed Against St. Cloud Diocese
Jun 2 2016 // Minnesota’s Diocese of St. Cloud says 74 claims of sexual abuse of minors have been made against it and none of the claims involve anyone who is currently in parish ministry. A three-year window that lifted the...
How Well Do Oklahoma Opt-Out Plans Serve Injured Workers? It Depends, Study Says
Jun 1 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...
SMEs Reap Benefits from Trade Credit Insurance as Economic Risks Rise: UK’s ABI
Jun 1 2016 // Nearly £36 million ($52.6 million) was paid in insurance claims to small businesses last year, due to customer insolvency or late payment, according to figures released by the Association of British Insurers (ABI). With...
Supreme Court to Hear State Farm’s Appeal of Katrina False Claims Ruling
May 31 2016 // The U.S. Supreme Court on Tuesday agreed to hear an appeal by State Farm contesting a jury finding that the insurance company defrauded the federal government when assessing damage caused by Hurricane Katrina in 2005 along...
Liability Insurer Accuses Surgical Robot Maker of Hiding Injury Claims
May 27 2016 // It’s health insurers’ cardinal rule: disclose pre-existing conditions. Now comes a case in which that familiar decree involves not a patient, but rather a $1.5 million surgical robot known as the da Vinci...
Long Named Marketform’s Claims Director, Moving from XL Catlin
May 26 2016 // Marketform, the specialist Lloyd’s insurer, announce it has appointed Sharon Long to its executive team as claims director. Long’s appointment further strengthens the new leadership team that is driving the...
Swiss Re’s List of Emerging Risks Range from Blockchain Tech to Human Cyborgs
May 26 2016 // A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three,...
ESIS Launches Healthcare Industry Risk Management Practice
May 26 2016 // ESIS, Inc., Chubb’s risk management services division, has launched a new industry practice dedicated to serving the claims and risk management needs of healthcare organizations and life sciences firms. The ESIS...
PBS/NPR Documentary Adds to Criticism of Private Insurers, FEMA Over Profits on Flood Insurance
May 25 2016 // Private insurance companies working for the government’s flood insurance program have made hundreds of millions of dollars at the same time that thousands of homeowners are claiming they have been underpaid for...
FEMA Vows Changes to Flood Insurance Claims Appeals
May 25 2016 // After learning some hard lessons from Superstorm Sandy, the Federal Emergency Management Agency says it is reforming the way it handles appeals from disgruntled policyholders in the National Flood Insurance Program. The...
New York AG Claims Domino’s Pizza Liable for Wage Theft by Franchisees
May 25 2016 // The New York attorney general’s office on Tuesday sued Domino’s Pizza Inc, claiming it is liable for wage theft by franchisees because the company used a computer system that it knew under-calculated...
Disaster Fraud Rampant After Floods, Hurricanes
May 24 2016 // This year, extensive flooding has already affected parts of Texas and Louisiana. With more rain producing floods in the forecast for the southern part of the U.S. this spring, the likelihood of disaster fraud...
Iowa Insurance Commissioner Sues Feds Over Failed Health Co-Op
May 23 2016 // Iowa Insurance Commissioner Nick Gerhart says federal health officials are unlawfully withholding millions of dollars owed to a failed health insurance co-op in his state. Gerhart, who is Liquidator for CoOportunity...
