Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Insurers Finally Get Right to Jury Trial in New Jersey
Dec 5 2011 // Forty years ago the New Jersey Supreme Court in Rova Farms Resort, Inc. v. Investors Ins. Co. of America, 65 N.J. 474, 323 A.2d 495 (1974), recognized a cause of action against an insurance company in situations where the...
How to Reduce the Risk When Buying Agency E&O Coverage
Dec 5 2011 // Agents shopping for errors and omissions coverage should compare the details of the policies because not all E&O policies are the same, according to experts in this market. As Scott Goodreau, chief risk officer for...
U.S. Reopens Public Database of Malpractice Claims Against Doctors
Dec 5 2011 // The U.S. government reopened public access to a database of malpractice claims and damages paid by doctors, with new restrictions that would prohibit using it in any way to identify the physicians. Consumer advocates and...
Judge Dismisses Lawsuit Non-U.S. Claims Against Toyota
Dec 2 2011 // Toyota Motor Corp has won the dismissal of a U.S. lawsuit brought by vehicle owners in 14 other countries who said their Toyotas lost value because of the Japanese automaker’s mishandling of alleged unintended...
Can Claims Handling Cause an Errors & Omissions Claim?
Dec 1 2011 // The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for agents and is one of the current errors and omissions (E&O) hotspots agents...
How to Produce and Keep Happy Claimants
Dec 1 2011 // The best way to keep agency customers happy is to avoid claims in the first place but, of course, that’s easier said than done. When claims do happen, independent agents can play a valuable role in determining...
Facebook Settles Deceptive Practices, Privacy Breach Claims with FTC
Nov 30 2011 // Facebook has settled complaints that it disregarded its users’ privacy, agreeing to establish a raft of measures to better protect its 800 million members’ data. The settlement with the U.S. Federal Trade...
80% of Claims from May Tornado in Minneapolis Have Been Resolved
Nov 28 2011 // The Minnesota Department of Commerce has reported that insurance companies have resolved about 80 percent of the claims generated after a tornado swept through north Minneapolis in May. The agency said that policyholders...
Best Briefing Concludes Majority of Thai Flood Losses from BI Claims
Nov 28 2011 // A.M. Best Co. reports that the vast majority of insurance losses stemming from the massive flooding in Thailand will come predominately from the impact to manufacturing and supply chains, as discussed in the recently...
Weather Map Added to ClaimsJournal.com
Nov 28 2011 // SAN DIEGO, 11/28/11 – Wells Publishing, Inc. announces the addition of a weather map to ClaimsJournal.com, the company’s website for news and information for property/casualty claims professionals. The interactive...
Whistleblower Laws, Lucrative for Some States, Stall in Others
Nov 28 2011 // For many states, a law intended to root out corruption also has been good for the bottom line. Over the last decade, more than 20 states have passed a version of the federal anti-corruption law known as the False Claims...
Insurance Won’t Cover Idaho Sheriff for Personnel Claims
Nov 23 2011 // Owyhee County’s insurer told the county commissioners it would no longer cover the sheriff against any claims involving personnel matters, prompting the commissioners to again ask Sheriff Daryl Crandall to...
Claimed Auto Injury Losses in N.Y. Metro Area Rose 70% in 10 Years
Nov 22 2011 // Personal injury protection (PIP) claims closed in 2010 show that claimed losses for medical expenses, lost wages, and other expenses from auto accident injuries in the New York City area rose 70 percent over the past...
Atlanta Pays More Than $1M for Damage Claims
Nov 22 2011 // The city of Atlanta has shelled out about $1.25 million since 2010 to settle damage claims related to broken water meter covers, potholes, sewer backups and other issues. The Atlanta Journal-Constitution reported that that...
Insurers Bracing for Thai Flood Claims over $10 Billion
Nov 21 2011 // Insurers are bracing themselves for claims in excess of $10 billion after floods in Thailand disabled major foreign-owned manufacturing operations there, adding to an already record-breaking natural catastrophe bill this...
North Carolina Wants FEMA Extension for Irene Claims
Nov 21 2011 // North Carolina’s insurance commissioner says residents need more time to file insurance claims stemming from losses suffered during Hurricane Irene. Wayne Goodwin sent a letter on Friday to Federal Emergency...
Underwriters May Soon Be Using Social Network Data
Nov 21 2011 // The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring the social network pages of insureds is a common...
E&O Insights: Can the Manner in Which an Agent Handles a Claim Cause an Errors & Omissions Claim?
Nov 21 2011 // The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for agents and is one of the current errors and omissions (E&O) hotspots agents...
NCCI Study Examines Medical Services in Workers’ Comp Claims
Nov 21 2011 // A new report on medical services casts light on how different combinations of medical services contribute to workers’ compensation claim costs over time. Understanding what combinations of medical services are used...
People
Nov 21 2011 // Dallas-based LevelFirst has named Toni Campbell director of Marketing. Campbell will oversee all marketing efforts for the newly formed wholesale property and casualty insurance broker and MGA. LevelFirst also introduced...
