Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
P&I Sector’s Underwriting Discipline to Be Tested in Coming Renewals: A.M. Best
Feb 8 2016 // Underwriting discipline in the marine protection and indemnity (P&I) sector will be tested over the February 2016 renewal period due to market and competitive forces buffeting the sector, according to report published...
U.S. Court Says Foreign Wealth Funds Not Always Immune from U.S. Fraud Claims
Feb 8 2016 // Foreign sovereign wealth funds are not automatically immune from U.S. lawsuits claiming that they defrauded investors into buying securities in the United States by making misleading statements outside the country, the...
Florida Fights Back Against Assignment of Benefits Abuse
Feb 8 2016 // Florida insurers, consumer and insurance advocates, as well as regulators, are hoping 2016 may finally be the year that legislators address the misuse of assignment of benefits (AOB) for water loss claims that they say has...
Ghost of 2008 Crash Still Haunts Real Estate E&O
Feb 8 2016 // The ghost of the 2008 financial collapse still haunts the liability insurance market for real estate professionals and some are worried the business may be headed for a replay of that crisis. While it is still recovering...
North Carolina Explores Drug Formulary Option for Workers’ Comp Claims
Feb 8 2016 // In 2015, the North Carolina General Assembly authorized and funded a study regarding prescription drug formularies in workers’ compensation claims brought by state employees. While this statute does not create a...
Agents Say Blizzard Losses Relatively Light So Far
Feb 8 2016 // A massive blizzard, unofficially named Winter Storm Jonas by the Weather Channel, swept through the East Coast over the Jan. 23-24 weekend. The storm brought heavy snowfall and blizzard conditions to much of the...
Surge in Auto Claims Dampens Allstate Q4 Profit
Feb 4 2016 // Allstate Corp., the largest publicly traded U.S. car and home insurer, said fourth-quarter profit fell on a surge in auto claims. Net income declined 41 percent to $489 million, or $1.18 a share, from $824 million, or...
Zurich Prepared to ‘Walk Away From Some Risks’ to Improve Performance
Feb 3 2016 // Zurich Insurance Group AG is “prepared to shrink” some of its businesses after being caught off guard by the scale of claims it had to absorb last year, according to Cecilia Reyes, the company’s chief...
Marsh Appoints Powell as Claims Advocacy International Leader
Feb 2 2016 // Marsh has appointed Rob Powell as Claims Advocacy International leader, effective immediately. Based in London, Powell will report to Michael Poulos, global head of Marsh’s Client Advisory Services. Powell joined...
Agents Say Blizzard Losses Relatively Light So Far
Feb 1 2016 // A massive blizzard, unofficially named Winter Storm Jonas by the Weather Channel, swept through the East Coast over the Jan. 23-24 weekend. The storm brought heavy snowfall and blizzard conditions to much of the...
Florida High Court Set to Hear Constitutional Challenge to Workers’ Comp System
Jan 31 2016 // The Florida Supreme Court will hear yet another case challenging the constitutionality of the state’s workers’ comp system on April 16, 2016. The case, Daniel Stahl v. Hialeah Hospital, et al., has been making...
El Faro Cargo Ship Owner Settles Death Claims with Sailors’ Families
Jan 27 2016 // The families of 10 sailors aboard a cargo ship that sank in a hurricane last year have settled claims with the vessel’s owner. The Florida Times-Union reports that each of the families will receive $500,000 each in...
Brentwood Services Administrators in Tennessee Promotes Brothers
Jan 26 2016 // Brentwood Services Administrators Inc. (BSA) has promoted Nicole Brothers to the position of claim representative I in the Tennessee Claims Department, according to Jeff Pettus, president and chief executive officer of...
Citizens Releases Analysis of Increasing Florida Water Loss Costs
Jan 25 2016 // Water loss claims, exacerbated by assignment of benefits, are driving higher rates in South Florida and increasingly across the state, according to a just released analysis conducted by Citizens Property Insurance Corp....
South Carolina Extends Data Call from October Storm
Jan 25 2016 // The South Carolina Department of Insurance (SCDOI) has advised insurers to continue to report P&C claims as per the data call issued for the October 2015 flood event and its aftermath. The data call was originally...
Argo Names AIG’s Mike-Mayer Chief Underwriter, NYWCB’s Wade Chief of Claims for U.S.
Jan 19 2016 // Specialty insurance and reinsurance carrier Argo Group International Holdings, Ltd. announced the appointments of Frank Mike-Mayer as chief underwriting officer and Mark Wade as chief claims officer, both serving as key...
South Carolina Extends Data Call from October Storm
Jan 15 2016 // The South Carolina Department of Insurance (SCDOI) has advised insurers to continue to report P&C claims as per the data call issued for the October 2015 flood event and its aftermath. The data call was originally...
FEMA: Thousands of Sandy Claims Review Cases Still Pending
Jan 11 2016 // The Federal Emergency Management Agency (FEMA) still has thousands of Superstorm Sandy claims review cases that are waiting to be examined, latest figures show. FEMA said that as of Dec. 11, 2015, the agency has closed...
ESIS Releases Mobile Response Tool for Construction Claims
Jan 7 2016 // To assist clients in the aftermath of a construction accident, ESIS, Inc., a risk management services company and member of ACE Group – has introduced ESIS On Call for Construction, a proprietary response tool for severe...
Flood Claims to Hit U.K. Insurers’ 2015 Earnings: A.M. Best
Jan 5 2016 // Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a briefing published by A.M. Best. Initial estimates of combined insured losses from Storm Desmond, which hit...
