Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
When Dogs Bite, Home Insurers Pay Average $32,000
Jun 1 2015 // Max, Bella and their canine comrades cause more than one-third of all home insurance claims, adding $530 million a year to insurance costs. And while the number of claims is down, the cost of the average claim from dog...
FEMA: Nearly 1,000 Sandy Claimants Signed Up for Claims Review So Far
May 29 2015 // The Federal Emergency Management Agency (FEMA) last week sent out its first round of letters to the National Flood Insurance Program (NFIP) policyholders who filed Superstorm Sandy-related claims, offering them a chance to...
PMA in Pennsylvania Names DiCello as VP of Field Claims Operations
May 29 2015 // PMA Insurance Group in Blue Bell, Pennsylvania, named Ray DiCello as vice president of field claims operations. DiCello reports to Kurt Schuhl, senior vice president and chief claims officer, PMA Insurance Group. In this...
Hail Claim Litigation Bill Dies in Texas House
May 28 2015 // With the legislative session winding down in Texas, a measure sought by the insurance industry that its proponents say would help rein in litigation related to property insurance claims has died in the House of...
Banks Scuttle MasterCard Settlement with Target Over Data Breach
May 26 2015 // A proposed $19 million settlement between MasterCard Inc. and Target Corp. over the retailer’s 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The...
UK’s Regulator Criticizes Insurers for Failures in Handling Claims for SMEs
May 22 2015 // The UK’s Financial Conduct Authority criticized the insurance industry for “poor practices” and “significant” failures in handling claims for small and medium-sized enterprises (SMEs). The...
The Scoop on Recall Insurance and Listeria-Linked Ice Cream
May 22 2015 // While peanut butter and cantaloupe made big news in recent years, ice cream is now the latest item to be pulled off grocery store shelves due to foodborne-illness. Brenham, Texas-based Blue Bell Creameries’...
Texas Workers’ Comp Claims See Slow Growth: WCRI
May 21 2015 // Workers’ compensation claims in Texas grew more slowly than in most of the other states, according to a Workers Compensation Research Institute report out Thursday that studied 17 states. The total average cost per...
BP Settles Gulf Oil Spill Cross Claims with Halliburton, Transocean
May 21 2015 // BP Plc has settled with oilfield services provider Halliburton Co. and contract driller Transocean Ltd. cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. history. BP still faces...
Berkshire Hathaway Specialty Names Emerson to Head Liability Claims in Canada
May 21 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has named Paul Emerson as head of liability claims in Canada. Emerson comes to BHSI from the law firm of Clyde & Co Canada LLP. “As an attorney with extensive...
FEMA Sends Out 1st Round of Letters Offering to Review Sandy Flood Claims
May 19 2015 // The Federal Emergency Management Agency on Monday mailed out its first round of letters to the National Flood Insurance Program policyholders who filed Superstorm Sandy-related claims, asking whether they want their claims...
Industry Examines Potential Claims Issues Following Riots
May 18 2015 // Some 140 vehicle fires, more than a dozen structural fires and nearly 200 arrests were reported in the wake of Baltimore riots that shook the city in late April. And more than 200 businesses were damaged during the riots,...
WCRI: Medical Payment Per Claim in California Fell Following Reforms
May 18 2015 // The average medical payment per claim for treating injured workers fell by 5 percent in California in 2013, according to a study by the Workers Compensation Research Institute. The findings could reflect some early impact...
When Dogs Bite, Home Insurers Pay Average $32,000
May 15 2015 // Max, Bella and their canine comrades cause more than one-third of all home insurance claims, adding $530 million a year to insurance costs. And while the number of claims is down, the cost of the average claim from dog...
Fitch Upgrades Citizens to ‘AA-‘, Outlook Stable
May 14 2015 // Fitch Ratings has upgraded the rating on the following senior secured bonds of the Citizens Property Insurance Corp., FL, PLA/CLA to ‘AA-‘ from ‘A+’: –$1.1 billion series 2012A-1; –$200...
Brethren Mutual in Maryland Announces 5 Appointments
May 13 2015 // The Brethren Mutual Insurance Company in Hagerstown, Maryland, announced the following new hires and promotions. Jeff Borkowski joined Brethren Mutual as vice president of underwriting and marketing. He oversees the...
Florida Will Not Appeal Decision Favoring Deloitte in Poe Financial Collapse
May 12 2015 // The Florida Department of Financial Services (DFS) will not appeal the recent jury decision that found Deloitte & Touche not liable in the insolvency of Tampa-based Poe Financial Group following the unprecedented...
Hiscox Reports 12% Hike in Gross Written Premiums on Good Claims Experience
May 12 2015 // Bermuda-based Hiscox Ltd., the international specialist insurer, reported gross written premiums increased by 12 percent to £561.7 million ($869.6 million), compared to £501.6 million ($776.6 million) reported during the...
MEMIC Group Promotes Foote to Director of Claims, MEMIC Indemnity Co.
May 11 2015 // Stacey Foote The MEMIC Group, a workers’ compensation insurer based in Portland, Maine, promoted Stacey Foote to director of claims, MEMIC Indemnity Company, where she will oversee claim operations in the...
Maryland Issues Data Call for Claims Relating to Baltimore Unrest
May 11 2015 // The Maryland Insurance Administration (MIA) issued a data call for property/casualty insurers, the Maryland Automobile Insurance Fund (MAIF), the Joint Insurance Association (JIA), and surplus lines brokers in the state to...
