Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
South Carolina Insurers to Weather At Least $181M in Claims from October Storm
Dec 8 2015 // A pickup truck rests against the side of Gills Creek near a bridge in Columbia, S.C., Monday, Oct. 5, 2015. Days of torrential rains kept much of South Carolina and its capital gripped by floodwaters early Monday. (AP...
Cyber Insurance Underwriting Moves from ‘Toddler’ to ‘Teen’ As Insurers Learn from Claims
Dec 8 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Insurers Braced for Claims Surge as 10-Year High Floods Hit India
Dec 8 2015 // Insurers from Lombard General Insurance Co. to American International Group Inc. are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the city home to factories...
South Carolina Establishes New Precedent for Legal Malpractice Cases
Dec 7 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...
Target Settles 2013 Data Breach Claims with Banks
Dec 3 2015 // Target Corp. will pay about $39 million to banks and credit unions to resolve losses from a 2013 holiday- season data breach, as retailers and financial institutions continue to grapple with the costs of major hacker...
Texas Firm to Pay Over $3M to Settle Ambulance Kickback Claims
Dec 2 2015 // A Texas company that operates nursing care facilities will pay nearly $3.2 million to settle allegations of receiving kickbacks from ambulance companies. Regent Management Services of Galveston oversees 11 nursing...
Why Wage and Hour Claims Keep Rising
Dec 2 2015 // This was another historic year for federal wage and hour lawsuits. Using data obtained from the Federal Judicial Center, law firm Seyfarth Shaw LLP reported that 8,781 cases were filed in 2015 under the Fair Labor...
ACE Announces Claims Leadership Team for Overseas General Insurance Division
Nov 30 2015 // ACE Ltd. announced the future claims leadership team it will appoint for the new Chubb Group’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of...
Judge Allows NFL Player’s Fraud Claims Against BofA to Proceed
Nov 24 2015 // National Football League player Dwight Freeney can proceed with his lawsuit alleging that Bank of America Corp. was complicit in a fraud scheme that caused him to lose more than $20 million and forced his Rolling Stone...
Worley Claims Services Acquires North Carolina-Based RJMW
Nov 24 2015 // Worley Claims Services, an insurance claims servicer in the United States, has acquired RJMW Claims Services, Inc., a provider of daily and catastrophe residential and commercial property claims services based in...
Liberty Insurance Must Pay Attorneys’ Fees in Gulf Oil Spill Case
Nov 23 2015 // A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill. The U.S. Court of Appeals for the 5th Circuit in...
South Dakota Rancher Pleads Guilty to False Cattle Loss Claims
Nov 23 2015 // A South Dakota rancher has pleaded guilty in federal court to falsely claiming he lost more than a hundred cattle during the autumn blizzard of 2013 that left ranchers in the state reeling with financial losses. Karl...
U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey
Nov 23 2015 // Managing general agents are keen to be more involved in the claims process because they view claims as a core competence with an intrinsic link to underwriting, according to the latest MGAA Matters Survey.* The fourth...
Zurich Makes Changes to U.K. General Insurance Executive Team
Nov 19 2015 // Zurich Insurance has announced several changes to the executive line up of its U.K. General Insurance business. The appointments are as follows: Karl Helgesen was named U.K. chief claims officer, effective December 2015,...
Analysis: North Carolina Studying Drug Formularies in Workers’ Comp Claims
Nov 19 2015 // During the 2015 legislative session, the North Carolina General Assembly authorized and funded a study regarding prescription drug formularies in workers’ compensation claims brought by state employees. While this...
Willis Launches Electronic Platform for Faster Premiums, Claims Payments
Nov 18 2015 // Willis Group Holdings has launched Willis Accounting, a new global electronic accounting platform designed to speed up cash flow and settle claims more quickly with carriers and clients. Following a successful pilot,...
ACE Appoints Matthews as Claims Client Relationship Manager for UK & Ireland
Nov 17 2015 // ACE appointed Judy Matthews as claims client relationship manager for the U.K. and Ireland, as it continues to invest in its client-facing claims management team for ACE’s global accounts division. Matthews will work...
FEMA’s Review of Sandy Claims Taking Longer Than Expected
Nov 16 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...
The Rebound Continues as Contractors & Builders Expect to Grow Again in 2016
Nov 16 2015 // The Rebound Continues as Contractors & Builders Expect to Grow Again in 2016 Builders and contractors can expect another year of steady growth in 2016 and so can the insurance specialists that serve this rebounding...
Top 10 Market Conduct Actions Against P/C Insurers
Nov 16 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/casualty insurers in 2014, according to Wolters...
