Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Industry Group Testifies on Sandy Claims Handling Process in New York
Feb 27 2013 // An insurance industry association testified about insurers’ response to Superstorm Sandy and the lessons learned at a hearing Tuesday before the New York Assembly Standing Committee on Insurance. The American...
N.J., N.Y. to Offer Mediation Program for Sandy Claims Disputes
Feb 26 2013 // New Jersey Gov. Chris Christie announced Monday his administration’s plan to offer a mediation program option to Sandy victims who are in dispute with their insurers.Gov. Christie, seen here at a Jan. 24 news...
Australia’s QBE Profits Reduced by Higher Claims; Cuts Dividend
Feb 26 2013 // QBE Insurance, Australia’s biggest insurer, posted a lower-than-expected 8 percent rise in full-year net profit due to high claims for accidents and adverse U.S. weather, prompting it to slash its dividend and...
Will Texas Windstorm Insurer Remain After the Legislative Session?
Feb 26 2013 // Texas’ property insurer of last resort in coastal counties may have a difficult time remaining intact during the 2013 legislative session. Claims from 2008’s Hurricane Ike still trickle in and ongoing...
N.Y. Insurers ‘Report Cards’ Show 70% of Sandy Claims Closed With Payment So Far
Feb 25 2013 // The New York regulators’ latest Sandy response report cards show 272,878 Sandy-related claims — representing 70 percent of some 389,801 Sandy claims filed in the state — have been closed with payment, as...
Deadline Extended for Isaac Flood Insurance Claims
Feb 25 2013 // Louisiana property owners with flood insurance policies whose homes or other structures were damaged during Hurricane Isaac have an additional 60 days to file claims for their flood-related losses. Policy owners now have...
Closing Sandy Claims
Feb 25 2013 // It’s been more than three months since Superstorm Sandy wrought havoc across the East Coast last fall. And since then, the property/casualty insurance industry has stepped up to deliver its promise to customers and...
Data Suggest Some Insurers Handling NFIP Claims Faster Than Others
Feb 25 2013 // Up and down the Atlantic coast, people are telling horror stories about how long it has taken to get an insurance check for flood damage caused by Superstorm Sandy. Nearly 40 percent are still waiting for the final...
FEMA Defends Handling of Sandy Flood Claims
Feb 25 2013 // The Federal Emergency Management Agency is defending its handling of Superstorm Sandy-related flood insurance claims following sharp criticism by New Jersey’s governor. FEMA says more than half of the more than...
BP Balks at Oil Spill Monies Sought by States
Feb 25 2013 // BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up with a figure of $34 billion, which it deems...
N.Y. Regulators to Examine 3 Insurers for Claims Practices Related to Sandy
Feb 22 2013 // New York Gov. Andrew Cuomo announced Thursday that the Department of Financial Services is investigating the claims practices of three insurers following the aftermath of Superstorm Sandy. The three insurers are:...
Idea to Limit Auto Claims in Michigan Criticized
Feb 22 2013 // The top elected official in Michigan’s Oakland County is criticizing proposals from fellow Republicans to change Michigan’s no-fault auto insurance program to limit the amount of medical claims. The Detroit...
Penn. Court: ‘Single Occurrence’ Applies for Drywall Claims Arising From One Shipment
Feb 21 2013 // The U.S. District Court in Pennsylvania ruled last week that multiple claims that arose from allegedly defective drywall that the insured entity imported in one single shipment from China should be considered a...
Personable Hires Sokola as Vice President of Claims Central
Feb 19 2013 // Personable General Insurance Agency Inc. (Personable) has added Mark Sokola as vice president of its Claims Central unit. He is based in Royse City, Texas. Sokola joins Personable with extensive experience as a claims...
Statistics on Insurers Handling Sandy Flood Claims
Feb 19 2013 // The 15 insurers participating in the National Flood Insurance Program that are handling at least 1,000 claims related to Sandy, the progress they have made in closing claims, and the money they have paid out to date:...
FEMA Data Suggests Some Insurers Handling NFIP Claims Faster Than Others
Feb 17 2013 // Up and down the Atlantic coast, people are telling horror stories about how long it has taken to get an insurance check for flood damage caused by Superstorm Sandy. Nearly 40 percent are still waiting for the final...
N.J. Congressional Delegation Expresses Concern Over NFIP Claims
Feb 15 2013 // On Tuesday Feb. 12, New Jersey’s Congressional delegation sent a letter to Federal Emergency Management Agency Administrator W. Craig Fugate, expressing their concern over what the delegation described as “the...
Insurer Reports Sandy Flood Claims Resolving Quickly
Feb 14 2013 // A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal...
Insurers Not Seeing Large Number of Claims From Snowstorm So Far
Feb 13 2013 // A fierce winter storm brought deep snow and high gusting winds to the Northeast last weekend, but a number of insurers are saying that so far, they are not seeing a large number of claims. State Farm said Tuesday the...
Xchanging Launches ‘X-presso’ – Mobile App for Claims Files
Feb 13 2013 // London-based Xchanging, the business process, procurement and technology services provider and integrator, announced the launch of its mobile application for the insurance market. Called X-presso, the new app “allows...
