Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Why Workers’ Compensation Leads in E&O Claims
Jul 16 2012 // Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess...
Utah Says Energy Giant Falsified $25M in Claims
Jul 13 2012 // Petroleum giant ConocoPhillips filed $25 million in false insurance claims over 14 years for cleanup of leaky underground storage tanks, a state lawsuit charged. The lawsuit filed earlier this week in 3rd District Court...
Malpractice Claims at Record Low, Not Driving Health Costs: Consumer Group
Jul 13 2012 // The consumer group Public Citizen says that medical malpractice payments in 2011 were at a record low and have fallen for eight straight years. The groups says this data shows that malpractice payments are not to blame for...
Workers’ Comp Claims Frequency Was Down 1% in 2011: NCCI
Jul 13 2012 // Workers’ compensation claim frequency declined slightly in 2011, by a modest one percent, after increasing in 2010 for the first time in more than a decade. According to the industry’s rating and statistical...
Lloyd’s Marks First Anniversary of ‘Claims Transformation Program’
Jul 13 2012 // “Insurance is, arguably, only as effective as the way it pays claims,” says a bulletin from Lloyd’s of London, marking the first anniversary of its Claims Transformation Program, which, it noted, is...
New Crash Avoidance Features Reduce Claims, Says Insurance Safety Institute
Jul 10 2012 // Advanced crash avoidance technologies include some clear success stories when it comes to preventing crashes, insurance claim analyses by the Highway Loss Data Institute (HLDI) show. Forward collision avoidance systems,...
Facebook, Yahoo Settle Patent Claims
Jul 9 2012 // Facebook Inc. and Yahoo Inc. agreed to forge a broad Internet advertising and licensing partnership on Friday, laying to rest their dueling patent lawsuits. The pact settles accusations of technology patent infringement...
Derecho-Related Claims Pouring In; 22,000 Claims in Maryland So Far
Jul 6 2012 // As the mid-Atlantic states continue to recover from last week’s destructive “derecho” storm system, insurance claims have been pouring in by tens of thousands. In Maryland, approximately 22,000...
Former Claims Manager Indicted for Fraud Scheme in Massachusetts
Jul 3 2012 // Massachusetts officials said two men — including a former claims manager — have been indicted in connection with a scheme to fraudulently collect an insurance payment of more than $23,000. “We allege that...
N.Y. to Hold Flood Insurance Adjuster Certification Class on July 17
Jul 3 2012 // New York will be offering its annual training session this month for property/casualty insurance adjusters who want to seek or maintain certification so they can conduct adjuster services for claims filed under National...
Md. Regulator Offers Claims Tips, Says Hiring Public Adjuster May Help
Jul 2 2012 // Following this past weekend’s storms, Maryland Insurance Commissioner Therese Goldsmith is advising homeowners to take steps to protect themselves financially. Commissioner Goldsmith is advising homeowners to take...
RSA Inks Agreement w/ The Co-operative Insurance for Auto Claims
Jul 2 2012 // The UK’s RSA and The Co-operative Insurance have announced a bilateral agreement to settle outstanding motor recoveries. RSA said it is “designed to remove frictional costs, limit the need for claims handlers...
Facebook Fiasco Disrupting IPO Insurance Market
Jul 2 2012 // The Facebook initial public offering (IPO) fallout has started and its effects are being felt in the area of directors and officers insurance coverage for future social media IPOs. “D&O underwriters will view...
Professional Liability Exposures Evolve with Changing Healthcare Environment
Jul 2 2012 // National healthcare reform legislation passed by Congress in 2010 may or may not survive consideration by the U.S. Supreme Court, but the healthcare system already has been evolving in ways that are likely to proceed...
Island Insurance Names Ohata Assistant Vice President
Jun 29 2012 // Honolulu, Hawaii-based Island Insurance Company Ltd. named Sharon K. Ohata assistant vice president, claims supervisor for workers’ compensation. Ohata will continue to be responsible for the management of the...
Study from CNA Analyzes Lawyers Professional Liability Claims
Jun 29 2012 // The Risk Control unit of CNA insurance companies has released a study that takes a look at lawyers and the practice of business transactions, a diverse area that often involves drafting and negotiating agreements and...
Association’s Suit Seeks Information from Michigan Auto Claims Administrator
Jun 26 2012 // The Brain Injury Association of Michigan (BIAMI) announced it has filed a lawsuit against the Michigan Catastrophic Claims Association (MCCA) to obtain vital financial information, specific claimant records and actuarial...
Texas Supreme Court: Bad Faith Tort Inconsistent with Workers’ Comp System
Jun 25 2012 // In what has been called a landmark decision, the Supreme Court of Texas has found that a bad faith cause of action is inconsistent with the current workers’ compensation system. The Court’s decision strengthens...
UK MGA’s Advised on Changes in Employers Liability, Public Liability Claims
Jun 22 2012 // Impending changes in UK laws governing claims for Employers Liability (EL) and Public Liability (PL) should be a priority membersof the UK’s Managing General Agents’ Association were told at a recent briefing...
Oklahoma Physician, Hospital Settle Fraud Case for $1.5M
Jun 21 2012 // State and federal officials say an Oklahoma hospital and physician have agreed to a $1,550,000 payout to settle a health care fraud case. Sanford C. Coats, U.S. attorney for the Western District of Oklahoma, and Oklahoma...
