Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
N.Y. Announces Protocol for Insurers to Follow During Future Severe Storms
Oct 28 2013 // New York Governor Andrew Cuomo announced today that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other natural...
P&I Club Steamship Mutual Plans Rate Hikes
Oct 28 2013 // Following a Board of Directors meeting, London-based Steamship Mutual announced that it has “reviewed the Club’s open policy years, as well as claims in earlier years, and considered the premium ratings...
Schumer: Sandy Victims Need More Time to Challenge NFIP Payout Amounts in Court
Oct 25 2013 // Two U.S. senators representing New York State, Sen. Charles Schumer and Sen. Kirsten Gillibrand, this week called on Federal Emergency Management Agency (FEMA) to extend the statute of limitations for Sandy victims seeking...
Hannover Re Sees Higher Rates in Germany on Floods, Hailstorms
Oct 23 2013 // Hannover Re, the world’s third largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year’s flooding and hailstorms, which led to the most costly claims in 30...
For Some Sandy Victims, Flood Insurance Payouts Fall Short
Oct 21 2013 // Many homeowners who got slammed by Superstorm Sandy are finding their flood insurance checks are nowhere near large enough to cover their repairs, and consumer advocates put some of the blame on errors by the multitude of...
Insurer Complaints
Oct 21 2013 // It’s no surprise that claims handling ranks in the top 10 when it comes to insurer complaints, but producer licensing issues also appear to be a top grievance. According to a new report by Waltham, Mass.-based...
New Jersey Marks Mediation Progress for Sandy-Related Open Claims
Oct 18 2013 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski announced Thursday the most recent results of a mediation program designed to settle non-flood Superstorm Sandy-related open claims. To date, 69...
SEC Battles Industry Fund over Stanford Victims’ Claims
Oct 17 2013 // U.S. regulators sought to overturn a 2012 court ruling that prohibited victims of Allen Stanford’s $7 billion Ponzi scheme from seeking compensation, in an unprecedented legal battle between the government and an...
Interesting but Quiet Year for California Lawmakers on Workers’ Comp
Oct 15 2013 // After the behemoth workers’ compensation reform law passed in 2012, state lawmakers this year enacted only a handful of measures that may affect or relate to workers’ compensation. Bills signed by Gov. Jerry...
New California Law Limits Workers’ Comp For Pro Athletes
Oct 10 2013 // Professional athletes who spend most of their careers with teams in other states will be prohibited from filing workers’ compensation claims in California, under a bill signed by Gov. Jerry Brown. AB1309 will close a...
Top 10 Market Conduct Complaints by Regulators Against P/C Insurers
Oct 9 2013 // Failure to handle claims within specified time frames and using unapproved forms and rates are the top two criticisms of property/casualty insurers by market conduct regulators, according to a new report. Waltham,...
Connecticut’s Disaster Claims Mediation Program Bill Takes Effect
Oct 7 2013 // In Connecticut, the state’s insurance department now has the legal authority to establish a mediation program for claims disputes arising from catastrophic losses. The state’s Public Act 13-148 — which...
E&O Insights: How Well Do You Know Your Accounts?
Oct 7 2013 // Professional liability, or errors and omissions as it is also known, is a unique line of business. After all, how many other lines of business have terms like claims made, claims made and reported, retro dates, tail...
Georgia Considers Special Board for Medical Malpractice Claims
Oct 7 2013 // Georgia lawmakers are considering whether to overhaul the state’s medical malpractice system. A Senate panel heard testimony recently on Senate Bill 141, the Patient Injury Act, which would move medical malpractice...
Energy Industry Liability May Cover Contamination Claims from Colorado Flooding
Oct 7 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Nearly 2,400 square miles were saturated with water causing massive dislocation and loss of life....
Pitfalls That Can Derail Insurance Coverage Disputes
Oct 7 2013 // Insurance coverage disputes have a lot of commonalities. And lawyers who represent both sides of the table — defense and plaintiff — say participants in such disputes should be aware of certain potentially adversarial...
Workers’ Comp Costs Could Rise for Missouri Businesses
Oct 7 2013 // Missouri businesses could face significantly higher costs for workers’ compensation insurance next year, due partly to a new law that seeks to shore up a financially troubled state fund for disabled...
New York Second in Nation for Questionable Workers’ Compensation Claims
Oct 4 2013 // New York State is second in the nation, only behind California, for questionable workers’ compensation insurance claims. The Empire State jumped to the second place in 2012 from fifth in 2011, the New York Insurance...
N.J. Regulators Requesting Updated Sandy Claims Data From Insurers
Oct 4 2013 // The New Jersey Department of Banking and Insurance recently announced a new data call request to the insurance industry to evaluate Superstorm Sandy-related claims and monitor market conditions for property/casualty...
FERMA Offers Trialogue between Risk Managers, Carriers and Brokers – Part 1
Oct 4 2013 // The insurance industry may have given the world a new word – “trialogue,” meaning a three way conversation. Oddly enough the first person to use it at the Federation of European Risk Management...
