Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Louisiana’s Direct Action Statute’s Effect on Claims-Made Policy Notice Provisions
Oct 31 2014 // Typical claims-made insurance policies require claims to be both made and reported within the applicable policy period. Under this type of policy, the risk of a claim incurred but not made, as well as a claim made but not...
Heaven & Hail: Hail Insight and the Damage it Brings
Oct 30 2014 // This post is part of a series sponsored by CoreLogic. Hail Damage by the Numbers Damage from convective storms continues to capture the attention of both the public and insurers because of the increase in the number of...
California Malpractice Proposition Hit by Polls, Studies, Spending
Oct 29 2014 // Two recent studies say a proposition on California’s November ballot to raise the pain and suffering cap for medical malpractice lawsuits will increase medical costs and malpractice premiums. The studies and heavy...
Contractors Need to Be Involved in the Claims Process, BELFOR CEO Says
Oct 27 2014 // Customer service in property claims suffers when the contractor is left out of the settlement process and policy renewals may be in jeopardy because of it. That’s the word from the top executive of one of the...
Various Insurance Lines Could Potentially Be Affected by Ebola
Oct 24 2014 // As fears of an Ebola pandemic spread, many U.S. businesses are wondering if insurance will cover any complications that may arise. According to experts, the outbreak could potentially impact several insurance...
Former Claims Adjuster Must Repay Farm Bureau $20K in Kansas Fraud Case
Oct 23 2014 // A former insurance adjuster was sentenced to probation and ordered to pay $20,000 in restitution for insurance fraud involving wrecked vehicles, according to an announcement by the Kansas Insurance Department. The Ford...
Average Claims Experience Not Enough to Retain Customers: Accenture
Oct 22 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...
Record Aviation Claims Driving Up Premiums
Oct 21 2014 // Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year, driving prices up and drawing rivals into the market. The hefty bill dwarfs the $60-$90...
Jury Finds Texas Windstorm Insurer Adequately Paid City for Ike Claims
Oct 21 2014 // Texas’ wind and hail insurer of last resort in coastal areas announced that a judgment has been entered in its favor in a lawsuit brought by League City in Southeast Texas. The judgment signed on Oct. 16, 2014, by...
Southern California Docs Bribed To Use Unsafe Spine Screws, Suits Claims
Oct 20 2014 // A former Southern California hospital executive is being sued by more than two dozen people who claim he ran a scheme that bribed surgeons to implant counterfeit screws in their patients’ spines, causing pain and...
Appeals Court Upholds Prison Term for Gulf Oil Spill Claims Fraud
Oct 20 2014 // A federal appeals court has upheld the fraud conviction of man who pretended to be a shrimp-boat captain and alleged he lost his livelihood to collect oil spill recovery money. A three-judge panel of the 5th U.S. Court of...
N.J. Regulator: 99.4% of Non-Flood Sandy Claims Settled
Oct 20 2014 // Ken KobylowskiNew Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said that among the 470,281 non-flood, Superstorm Sandy-related homeowners, automobile and commercial claims that were filed in New...
Texas Brine, Liberty Insurance at Odds Over $50M Louisiana Sinkhole Claim
Oct 20 2014 // The collapse of a portion of a salt dome that left a 37-acre sinkhole in swampy land west of Baton Rouge, La., has bubbled up into a $50 million dispute between the mine operator and its insurance company. Texas Brine LLC...
Hail Claim Losses Increasing in Number, Severity
Oct 20 2014 // From 2002 through 2013 property/casualty insurers paid out $54 billion in claims losses on almost 9 million residential properties, but the majority of those losses occurred between 2008 and 2013, according to a report...
Latest Colorado Hail Storm May Impact Insurance Industry Nationally
Oct 20 2014 // Colorado’s insurance industry is weighing its options after the latest hailstorm hit densely populated South Metro Denver — unusual for the Rockies in late September. What Coloradans might likely see down the...
The Pitfalls of Rejecting a Defense Under Texas ‘Same Facts’ Test
Oct 17 2014 // Texas law recognizes that an insurer’s reservation of rights can create a potential conflict of interest. Northern County Mut. Ins. Co. v. Davalos, 140 S.W.3d 685 (Tex. 2004). Although there is a potential for...
Alabama Trio Convicted in $2 Million Gulf Oil Spill Claims Fraud
Oct 16 2014 // Federal prosecutors said three people have been convicted of fraudulently filing Gulf Oil Spill Fund loss claims. Officials said 53-year-old Marcella Truss, her 42-year-old husband Martee Davis and the woman’s...
Severe Storm Claims 2 Lives, Knocks Out Power in South
Oct 15 2014 // A severe storm system rolled across the South for a second day Tuesday, knocking out power to thousands as it made a mess of the morning commute in Atlanta and other Southern cities. The storm, which claimed two lives a...
Brandt Joins Esurance in California as Chief Claims Officer
Oct 14 2014 // Esurance has Eric Brandt managing director and chief claims officer. Brandt will oversee the strategic direction and management of Esurance’s claims function. Brandt will report to Gary Tolman and be based at...
Alabama Man Urged to Return BP Claim Payment
Oct 14 2014 // The former FBI chief appointed to investigate the BP oil spill claims process is seeking the return of nearly $240,000 from an Alabama man and his maritime business. Louis Freeh, in a federal court filing, says the man...
