Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Businesses, Insurers Still Wrangling Over Marathon Loss Payouts
Mar 24 2014 // Some businesses that reported financial losses as a result of the Boston Marathon explosions are still wrangling with their insurance companies over compensation or have had claims denied outright as the anniversary of the...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Engle Martin Acquires Florida’s Totura & Co. Claims Firm
Mar 20 2014 // Atlanta-based independent claims adjusting firm Engle Martin & Associates Inc. has acquired Totura & Co., a regional claims adjusting firm based in Fort Lauderdale, Florida. Terms were not disclosed. John Quinn,...
Bankruptcy Order Could Shield GM from Ignition Switch Claims
Mar 20 2014 // Lawyers looking to sue General Motors Co. after its global recall of 1.6 million vehicles over an ignition defect may find their path blocked by a judge’s order five years ago in the company’s...
Insurers Warned on Rise in Fraudulent Car Rental Schemes
Mar 19 2014 // In the last 12 months, Kraig Palmer he has seen rental car schemes “rise faster than any other auto fraud trend.” Palmer, an investigator with the California Highway Patrol, describes this fraud as a multilevel...
National ConnectForce Claims Announces Integration of Google Glass in Property Claims Inspections
Mar 19 2014 // Alpharetta, GA, 03/19/2014 – National ConnectForce Claims (NCC), a leader in the claims adjusting industry, has begun a pilot evaluation using Google Glass as a way to provide realtime feedback from field adjusters....
Businesses, Insurers Tangle Over Boston Marathon Loss Payouts
Mar 14 2014 // Some businesses that reported financial losses as a result of the Boston Marathon explosions are still wrangling with their insurance companies over compensation or have had claims denied outright as the anniversary of the...
Florida’s Citizens Reaches Sinkhole Settlement
Mar 14 2014 // Florida’s state-backed property insurer said it has reached an agreement with more than 300 policyholders with sinkhole claims that officials say could save the insurer $30 million in legal fees. Citizens Property...
$11+ Million a Day in UK Flood Insurance Claims Says ABI; Total $1.8+ Billion
Mar 13 2014 // The Association of British Insurers (ABI) has calculated that insurance claims from the recent spate of floods in the UK are averaging £6.7 million a day [$11.176 million]. The ABI said the “wettest winter on record...
Judge Rejects BP Bid to Shut Down Gulf Spill Payments
Mar 11 2014 // BP Plc’s bid to temporarily halt payments under its $9.2 billion oil-spill settlement so that heightened accounting and fraud safeguards can be established was rejected by a federal judge in New Orleans. U.S....
Adjuster Claims Nationwide’s ‘On Your Side’ Is Deceptive Advertising
Mar 10 2014 // Nationwide Mutual Insurance Co.’s use of the slogan “On Your Side” constitutes false and deceptive advertising because the insurer does not represent insureds as the slogan implies, according to the...
Carriers Committed to D&O Segment
Mar 10 2014 // Several turbulent years of increased claims, more regulation and additional oversight of directors and officers have not deterred carriers from the directors and officers (D&O) liability segment. As more carriers beef...
10 Things to Know About Home & Auto
Mar 10 2014 // New Jersey is the most expensive state for auto insurance where the average expenditure is $1,183.95. Idaho is the least expensive with an average expenditure for coverage at $535.15. – Insurance Information Institute...
The Future of Drones in the Insurance Industry
Mar 7 2014 // After a catastrophe hits, mobile units filled with adjusters are on site to evaluate property damage. Flash forward five years and an insured may never meet the property adjuster handling his or her claim. Instead, a drone...
HSBC, Wells Fargo Settle Force-Placed Insurance Claims
Mar 7 2014 // HSBC Holdings Plc and Wells Fargo & Co. agreed to settle lawsuits by mortgage holders who alleged they were forced to pay for property insurance at inflated rates. HSBC will pay as much as $32 million to resolve the...
Panel Rules BP Spill Claims Don’t Require Direct Harm
Mar 6 2014 // A federal appeals panel ruled that businesses don’t have to prove that they were directly harmed by BP’s 2010 Gulf Of Mexico oil spill to collect settlement payments. The ruling could clear the way for payments...
Adjuster, Nationwide Mutual Take Sides Over ‘On Your Side’ Slogan
Mar 6 2014 // Nationwide Mutual Insurance Co., which has used the “On Your Side” slogan in its marketing and advertising since 1966, is suing a small Tennessee public adjusting firm that goes by the name On Your Side...
Tim Cloney Promoted to Director at Investigation Solutions
Mar 4 2014 // San Diego, Calif. (03/04/14) – Investigation Solutions, Inc. (ISI), a National multi-line field adjusting and investigation company specializing in uncovering fraudulent insurance claims, has promoted Tim Cloney to...
BP Can’t See Documents from Probe Into Lawyers, Judge Says
Mar 3 2014 // BP is not entitled to see confidential documents used by a court-appointed investigator who has alleged that some attorneys acted improperly in the claims process arising from the 2010 Gulf oil spill, a federal judge ruled...
Texas Seeks Comments on Rule Extending Time to File Windstorm Claims
Feb 28 2014 // The Texas Department of Insurance is seeking informal comments on a draft rule outlining how a policyholder with the Texas Windstorm Insurance Association may request additional time for filing a claim with TWIA. Insurance...
