Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Snowstorm Recovery Efforts Continue in Buffalo, N.Y.
Nov 25 2014 // The Buffalo, New York, region is continuing to recover and assess damages from last week’s record-breaking lake-effect snowstorm that brought more than 7 feet of snow to the area. State Farm spokesperson Rachael...
NYC Incurred Record $732M in Legal Costs Last Fiscal Year
Nov 25 2014 // New York incurred a record $732 million in legal costs in the last fiscal year, mostly from claims of police abuse, negligence and hiring discrimination, expenses that accelerated under Mayor Bill de Blasio. The amount...
Honda Admits Not Reporting U.S. Claims; Could Face Record Fine
Nov 25 2014 // Honda Motor Co. said it failed to report more than 1,700 claims of injury or death involving its cars to U.S. regulators, a violation that would be one of the biggest in history and could lead to a fine of $35 million. In...
Superstorm Sandy Victims Allege Racketeering in Flood Claims Review
Nov 24 2014 // Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages from Hurricane Sandy in...
Pothole Claims Up in Ohio This Year
Nov 24 2014 // More Ohio motorists are looking for repayment from the state for pothole damage to their cars, nearly tripling the number of claims filed in 2013. The Dayton Daily News reports nearly 300 pothole damage claims have been...
Texas Man Claims Medical Errors Led to Leg Amputations
Nov 21 2014 // A Texas man intending to undergo a weight-loss operation is seeking $10 million in damages for what he says were a series of medical blunders that led to the amputation of both his legs at the knee. Carlos Saucedo has...
Plan to Settle Abuse Claims Offered By Montana Catholic Diocese
Nov 20 2014 // The Roman Catholic Diocese of Helena has filed a bankruptcy reorganization plan that proposes a $16.4 million settlement for hundreds of people who said clergy members sexually abused them for decades while the church...
Michigan Court: Agents May Not Be ‘Professionals’ Under Malpractice Definition
Nov 19 2014 // Is an insurance agent a “professional” when it comes to whether or not he or she may be charged with malpractice? Not necessarily, a Michigan state appeals court has said. The Michigan Court of Appeals made...
Louisiana Court Rulings in Disability Case Go from Bad to Worse for Insurer
Nov 19 2014 // We’ve all had a bad day at the office, but some days are worse than others. It doesn’t get much worse than having a court — two courts in fact — tell you that not only is your position wrong, but it is so...
A Tough Day at the Office
Nov 17 2014 // Court Rulings in Disability Case Go from Bad to Worse We’ve all had a bad day at the office, but some days are worse than others. It doesn’t get much worse than having a court – two courts in fact – tell...
Young Agents and the Senior Market
Nov 17 2014 // Long-Term Care Represents Opportunity for New Specialists The graying of America could be a great opportunity for young entrepreneurs, including young insurance producers. As the nation’s population continues to...
Michigan Appeals Court: Insurance Agents May Not Be ‘Professionals’ Under Malpractice Definition
Nov 17 2014 // Is an insurance agent a “professional” when it comes to whether or not he or she may be charged with malpractice? Not necessarily, a Michigan state appeals court has said. The Michigan Court of Appeals made...
Insurers: 1/3 of Work Comp Claims in Midwest Were from Slips, Falls
Nov 17 2014 // Workers’ compensation carriers, Accident Fund Insurance Company of America and United Heartland, report that during last year’s difficult Midwest winter, slips and falls on ice and snow accounted for nearly...
Mississippi Man Faces Gulf Oil Spill Claims Fraud Trial
Nov 12 2014 // A South Mississippi man faces trial in a federal fraud case alleging he lied about his past employment to get $25,800 in oil spill recovery money. Court records showed Shawn Albert Townsel received the money after claiming...
Judge Rejects BP Attempt to Remove Oil Spill Claims Chief Juneau
Nov 11 2014 // BP Plc lost a bid to remove Patrick Juneau, the claims administrator overseeing payouts for the 2010 Gulf of Mexico spill, according to a New Orleans federal court ruling Monday. Juneau is in charge of the London-based...
Insurers: One-Third of Work Comp Claims in Midwest Were from Slips, Falls
Nov 6 2014 // Workers’ compensation carriers, Accident Fund Insurance Company of America and United Heartland, report that during last year’s difficult Midwest winter, slips and falls on ice and snow accounted for nearly...
Low Disaster Claims Boost Profits in Third Quarter for European Insurers
Nov 6 2014 // European insurers posted strong increases in earnings in the third quarter, helped by a slump in payouts for catastrophe damage, rising premium income, cost cuts and a weaker euro. Besides losses from the Malaysia Airlines...
Claims Trends
Nov 3 2014 // In terms of agency E&O trends, carriers are closely eyeing an uptick in claims severity. According to Curtis Pearsall, president of Pearsall Associates Inc., a risk management consulting firm specializing agency...
Average Claims Experience Not Enough to Retain Customers: Accenture
Nov 3 2014 // Although a large majority (86 percent) of home and auto insurance customers who have submitted a claim in the past two years are satisfied with how it was handled, 41 percent of those who have submitted a claim are still...
E&O Insights: How Important Is Your E&O Policy?
Nov 3 2014 // Errors and omissions (E&O) coverage: It’s one of the most important coverages you can secure. After all, your agency’s protection depends heavily on your E&O policy and how it works. Despite this, it...
