Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Georgia Cold Spell Leads to $75M in Claims
Jan 16 2014 // State officials say Georgians filed claims for an estimated $75 million in insured losses after temperatures in the region dropped well below freezing. Georgia Insurance Commissioner Ralph Hudgens said in a statement that...
Kmart’s Flood Damage Claims Against Kroger Going to Trial in Mississippi
Jan 15 2014 // A federal judge has denied a request from Kmart Corp. to file a corrected report on testimony of its engineering expert in a lawsuit over flood damage to one of its stores in Corinth. U.S. District Judge Glen Davidson...
Secret Benefactor Aiding Louisiana Parish in Gustav Claims Fight
Jan 14 2014 // A financial institution is paying lawyers $700 per hour to help Louisiana’s Livingston Parish fight the Federal Emergency Management Agency’s denials of $60 million in claims for Hurricane Gustav-related...
Utah Claims Settled by Phillips 66 for $2 Million
Jan 14 2014 // Oil refiner Phillips 66 has paid $2 million to settle allegations it helped itself to a state fund for cleaning up damage from leaking fuel storage tanks even though it had insurance to cover the cleanups. Phillips 66 is...
Texas Windstorm Insurer Releases Questionable Emails to Attorney
Jan 13 2014 // The Texas Windstorm Insurance Association (TWIA) announced it has released to a litigator what it calls “potentially offensive” emails as part of discovery in a lawsuit against the insurer brought on behalf of...
N.J.’s Sandy Claims Mediation Program Recovered $3.42M Since May
Jan 13 2014 // New Jersey’s mediation program to assist residents with unresolved insurance claims related to Superstorm Sandy has recovered $3.42 million for consumers since the program was launched last May, New Jersey Gov. Chris...
BP Oil Spill Settlement Fight Wages On
Jan 13 2014 // BP Plc’s $9.2 billion partial settlement over the 2010 Gulf of Mexico oil spill was upheld by an appeals court over the company’s protest that the deal wasn’t valid unless a claims-payment dispute was...
Texas Brine: Arch Specialty Insurance Should Pay Sinkhole Claims Costs
Jan 9 2014 // Texas Brine Co., the company blamed for the Bayou Corne-area sinkhole, has filed a formal complaint with the Louisiana Department of Insurance. The company alleges one of its insurers is not paying up as its policy...
RSA Fires Executives as PwC Probe Reveals Inaccurate Reporting
Jan 9 2014 // RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial reporting. RSA Ireland...
Prudential Fraud Claims Against Goldman Sachs Over Securities Dismissed
Jan 7 2014 // Prudential Financial Inc. agreed to dismiss its claims that Goldman Sachs Group Inc. engaged in fraud and racketeering in selling $375 million of residential mortgage-backed securities, a court order shows. U.S. District...
Arizona’s Yarnell Hill Fire Claims Seek $662 Million
Jan 2 2014 // More than 100 damage claims seeking a total of $662 million have been filed by property owners and relatives of firefighters who died in the Yarnell Hill fire in Arizona. The Daily Courier reported that 91 property owners...
Brown & Brown Acquires Assets of Claims Firm ICA
Jan 2 2014 // Brown & Brown Inc. has acquired certain assets of insurance claims adjusting firm ICA Inc., based in Charlotte, North Carolina, Terms were not disclosed. With annualized net revenues of approximately $13.2 million, ICA...
2013 in Review: Most Popular Insurance Stories From East
Dec 30 2013 // As 2013 winds down, Insurance Journal takes a look back at the most popular news headlines of the year. In the East region, Superstorm Sandy’s aftermath and the challenges of recovering and rebuilding were a major...
Sharks, Beer Among Most Popular Headlines in West
Dec 27 2013 // For years newshounds have endeavored to figure out a way to predict what stories will prove most popular with readers. While a few web news aggregators have had some measure of success and have steadily drawn in readers...
N.Y. Workers’ Comp Board to Transition Established UEF Claims Management to Triad Group
Dec 27 2013 // The New York State Workers’ Compensation Board recently announced it will transition the management of established Uninsured Employers’ Fund (UEF) claims to the Triad Group, LLC effective Jan. 13, 2014. Triad...
Judge Rejects BP Complaint Over Proof of Economic Losses from Gulf Oil Spill
Dec 27 2013 // BP Plc lost a bid to require businesses to provide proof their economic losses were caused by the 2010 Gulf of Mexico oil spill under a $9.2 billion settlement over the disaster. U.S. District Judge Carl Barbier in New...
Sedgwick Claims Management Could Fetch $2 Billion: Reuters
Dec 24 2013 // Private equity-owned Sedgwick Claims Management Services Inc, one of the largest U.S. providers of claims services, is exploring a sale that could value it at more than $2 billion, according to four people familiar with...
New York Issues $370M in Bonds to Resolve Workers’ Compensation Claims
Dec 23 2013 // New York Gov. Andrew Cuomo announced last Friday the state issued $370 million in bonds to assist businesses in failed group self-insured trusts fulfill their obligations to their injured workers. The bonding is made...
NICB: Florida Posts 23% Spike in Questionable Insurance Claims
Dec 19 2013 // Florida’s questionable claims rose 23 percent from 2010 to 2012, according to the National Insurance Crime Bureau’s (NICB) 2010-2012 Florida questionable claims referral reason analysis. Questionable claims...
Questionable Insurance Claims on the Rise in Texas: Report
Dec 18 2013 // Questionable insurance claims rose by 38 percent in Texas from 2010 through 2012, the National Insurance Crime Bureau (NICB) reports. Questionable claims (QC) are those claims that NICB member insurance companies refer to...
