Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Mississippi Woman Must Repay $17K in Oil Spill Claims Fraud
Feb 28 2014 // A 32-year-old Gulfport woman has been ordered confined at home and must repay $17,000 in an oil spill fraud case. Sheila Wilbanks, spokeswoman for the U.S. attorney’s Southern District office, told The Sun Herald...
BP Loses Bid to Halt Payments to Seafood Workers
Feb 26 2014 // BP Plc lost a bid to have a judge suspend about $1.3 billion in payments to seafood-industry workers who are part of the 2010 Gulf of Mexico oil spill settlement because of alleged improprieties by a lawyer involved in the...
Winter Claims Cost Insurers $1.5 Billion Thus Far
Feb 26 2014 // Near-record snowfall and prolonged extreme cold throughout many parts of the country have caused insurers to pay more than $1.5 billion to more than 175,00 claimants thus far, according to the Insurance Information...
How ACA Healthcare Law Could Affect P/C Insurance Costs and Claims
Feb 21 2014 // The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to an insurance industry...
Ascot Underwriting Limited Appoints American Claims Management to Manage Commercial Property Program
Feb 20 2014 // San Diego, Calif. (02/20/2014) – American Claims Management Inc. (ACM), a national third party administrator (TPA), is pleased to announce that effective January 1, 2014, it began claims handling for the Commercial...
Judge Refuses AIG Bid to Delay Bank of America $8.5B Settlement
Feb 19 2014 // Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors won’t be delayed after American International Group Inc. and other objectors asked for a hearing to address loan modifications...
York Acquires Texas, Louisiana-Based American Claims Services
Feb 19 2014 // York Risk Services Group, a provider of claims administration and risk management services, has acquired American Claims Services Inc. (ACSI) based in Houston, Texas, and Destrehan, La. John Bannon and Bill Johnson of ACSI...
Arbella Insurance Taps Travelers Exec as VP of Claims in Mass.
Feb 19 2014 // The Arbella Insurance Group in Quincy, Massachusetts, announced the appointment of Joseph L. Salerno II as vice president of claims. Reporting to Arbella COO Janet Corcoran, Salerno will lead the entire Arbella claims...
Missouri Bill Would Create Online Database for Workers’ Comp Claims
Feb 17 2014 // An online database of workers’ compensation claims would be created under legislation passed by the Missouri Senate. Under the measure, businesses could provide a potential employee’s name and Social Security...
Greenberg’s Starr Leads Group Buying Health Claims Firm MultiPlan
Feb 17 2014 // A group led by former AIG boss Maurice “Hank” Greenberg’s Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc. Terms of the deal were not disclosed. A person...
BP Moves Ahead with Medical Payments Under $9.2B Oil Spill Settlement
Feb 13 2014 // BP Plc. won the right to move ahead with implementing the medical-benefits portion of its $9.2 billion settlement of oil spill claims with Gulf Coast residents after an appeals court dismissed the remaining plaintiffs at...
Thorpe to Lead ANV Syndicates 1861, 5820 and 779 Unified Claims Team
Feb 12 2014 // ANV Holdings BV, the Dutch headquartered specialty insurance business, announced the appointment of Jonathan Thorpe, the former Head of Claims and Legal Counsel for Syndicates 5820 and 779 to take over the leadership role...
Oklahoma, Texas Had Costliest Natural Disasters in 2013: Hartwig
Feb 11 2014 // The Oklahoma tornadoes of May 2013 not only caused significant loss of life but also contributed to its designation last year as the costliest state for natural disaster related insurance payouts, according to the...
E&O Insights: How Well Do You Know Your Own E&O Policy?
Feb 10 2014 // As many agents know, there are various standards to which they will be held in the event of litigation. There are also standards to which customers will be held. One of those standards involves a duty the customer has to...
Private, Nonprofit D&O: Gallagher’s Norton on Claims, Coverage Expansion and Outlook
Feb 10 2014 // Much has changed in the insurance industry throughout the past 20 years. What hasn’t changed so much is the type of claim to strike the private company and nonprofit directors and officers (D&O) sector. What has...
Oklahoma Insurance Department Hosting Tornado Survivor Claims, Tax Forum
Feb 5 2014 // Oklahoma Insurance Commissioner John D. Doak is hosting a consumer assistance event to help tornado survivors with their insurance claims and inform them of important tax information, including possible deductions, the...
Georgia Estimates Snowstorm Claims at $10M
Feb 5 2014 // Georgia Insurance Commissioner Ralph Hudgens said Georgians have already filed more than an estimated $10 million in claims related to last week’s snow storm. Hudgens said in a statement that insured losses include...
Lloyd’s Launches ‘Volume Claims Service’
Feb 3 2014 // Lloyd’s announced the launch of its new shared service, Volume Claims Service (VCS), which it said is “part of its overarching Claims Transformation Program, a fast and fair claims handling service which offers...
Mississippi Bills Seek More Insurance Company Cost Disclosure, Deductibles Regulation
Jan 31 2014 // Mississippi lawmakers could require insurers to disclose how much they collect in premiums and how much they pay in claims in each ZIP code under a bill advancing in the state legislature. House Bill 753 could spark more...
MMD Insurance to Offer Protection from Denied Claims for Cannabis Businesses
Jan 29 2014 // MMD Insurance Services has launched products completed operations with health hazards coverage and removed the “marijuana and its derivatives”, explicitly and in writing, for cannabis businesses in concurrence...
