Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
FEMA’s Sandy Flood Insurance Review Taking Longer Than Expected
Nov 9 2015 // The Federal Emergency Management Agency’s review of Superstorm Sandy flood insurance claims is taking longer than expected, with fewer than 200 checks issued. FEMA announced in March the review for as many as 142,000...
U.K.’s Allianz Insurance Appoints Watts as Head of Casualty Claims
Nov 9 2015 // Allianz Insurance, the U.K. subsidiary of Allianz SE, has appointed Lee Watts as head of casualty claims. Watts will be responsible for leading the development and implementation of technical claims strategy and best...
South Carolina Establishes New Precedent for Legal Malpractice Cases
Nov 8 2015 // The South Carolina Supreme Court has reversed a decade old precedent-setting decision in which it dismissed a legal malpractice case based on the expiration of the statute of limitations and in doing so adopted a new rule...
Supreme Court to Review Religious Groups’ Claims Over Obamacare Birth Control Benefit
Nov 6 2015 // The U.S. Supreme Court scheduled a new showdown over Obamacare and religious rights, agreeing to hear contentions by faith-based groups that they shouldn’t have to facilitate what they consider to be immoral...
WCIRB: Los Angeles Workers’ Comp Claims Outlier in California
Nov 6 2015 // California’s Workers’ Compensation Insurance Rating Bureau released a study on Friday showing significant differences in the costs of claims among the state’s regions – particularly Los Angeles. The...
Safety National Casualty Announces Claims Management Changes
Nov 5 2015 // St. Louis, Mo.-based Safety National Casualty Corp. is realigning its claims department with management changes. Carl Reynolds, senior vice president – Claims, has retired after a successful 30-year career with Safety...
Top 10 Market Conduct Actions Against P/C Insurers
Nov 5 2015 // Slow claim handling, the use of unapproved rates and a failure to provide required compliant disclosures top the list of market conduct actions taken against U.S. property and casualty insurers in 2014, according to...
CAMICO Broadens Protection for Continuously Renewing CPA Policyholders
Nov 4 2015 // CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has broadened protection for potential professional liability insurance claims known to policyholders who...
Allstate Profit Down in Q3 as Auto Claims Rise
Nov 4 2015 // Allstate Corp., the largest publicly traded U.S. car and home insurer, said third-quarter profit slipped 17 percent as claims rose and policy growth slowed in the automobile insurance business. Net income decreased to $650...
UK’s Direct Line Hikes Motor Premiums as Result of Claims Inflation
Nov 3 2015 // Direct Line Insurance Group Plc, the UK’s largest car insurer, said pricing for its motor business increased in the last two quarters because of higher claims. Rates for car cover rose 8.4 percent in the three months...
Florida DMV Requests Dismissal of Taxi Companies’ Rideshare Complaint
Nov 2 2015 // In a move that is sure to further frustrate Florida taxicab companies, the Florida Department of Highway Safety and Motor Vehicles (FDHSMV) has asked a Leon County, Florida, judge to dismiss a complaint requiring the state...
Ace Names North American Claims Team with Chubb’s Miller, Ace’s Poetzsch as Executive VPs
Nov 2 2015 // Ace Ltd. has named the future claims leadership team it intends to appoint for the company’s North America Insurance division upon completion of its acquisition of Chubb, which is expected in the first quarter of...
El Faro Owner Seeks U.S. Maritime Liability Limit on Death Claims
Nov 2 2015 // The owner of the U.S. cargo ship El Faro that sank in a powerful hurricane off the Bahamas nearly a month ago has filed for protection in Florida federal court from claims it is liable for the deaths of its 33 crew...
Time Is Right to Review Agency E&O Limits
Nov 2 2015 // Fewer independent agencies are facing increased premiums for their agency errors and omissions (E&O) coverage and some experts say that is one reason they should consider upping coverage limits at their next...
‘Misfit’ Doctors, Lawyers: Find a Friend in E&S Market
Nov 2 2015 // Doctors and lawyers are taking up more space in the surplus lines professional liability (PL) markets, with growth and consolidation in the healthcare industry and real estate concerns among the legal field fostering...
A.M. Best: Outlook Stable for Midwest Builders’ Casualty Mutual, Subs
Oct 29 2015 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” for Midwest Builders’ Casualty Mutual Insurance...
Shortchanged Sandy Victims Get More Flood Insurance Cash After Claims Review
Oct 29 2015 // Many people who complained a federal insurance program shortchanged them after Superstorm Sandy swamped their homes are getting some validation three years later in the form of cash. A Federal Emergency Management Agency...
N.Y. Sen. Gillibrand Calls for More Transparency in NFIP Claims Process
Oct 28 2015 // U.S. Sen. Kirsten Gillibrand, D-New York, is announcing legislation to require the Federal Emergency Management Agency to be more accountable to property owners who file claims. Gillibrand says many New Yorkers whose homes...
Texas Lawyer Indicted Over Allegedly False BP Spill Claims
Oct 27 2015 // Texas lawyer Mikal Watts has been indicted by a federal grand jury in Mississippi for allegedly filing false claims for thousands of Vietnamese fishermen seeking damages from the 2010 Gulf of Mexico oil spill, according to...
American Claims Management Opens New Office in Northern California
Oct 27 2015 // San Diego, CA, October 27, 2015– American Claims Management, Inc. (ACM), a national third party administrator and claim ancillary services company, is continuing to establish a greater presence on the West Coast by...
