Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 20 2010 // Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are...
Trustees Face Big Liability
Dec 20 2010 // Why Clients Need Errors and Omissions Coverage An attorney, family member or friend asked to serve as trustee faces a big responsibility as well as significant liability. Trustees are often called upon at a challenging...
American Claims Management Announces New Business Relationship with Zurich
Dec 20 2010 // CLARIFICATION OF RELEASE SENT ON 12/20/2010 San Diego, CA 12/21/10 – American Claims Management, Inc. (ACM) announces a new business relationship with Zurich North America Commercial’s Programs business...
How an E&O Claim Could Affect Agency Employee’s Career
Dec 20 2010 // Survey Finds Agencies Take a Second Look at Hiring Employees With Past E&O Histories Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to...
Lloyd’s Names Lang to Replace Chaplin as Head of Claims
Dec 17 2010 // Lloyd’s has appointed David Lang, former chairman of the market’s Claims Service Review Board, as the new head of claims. He replaces Kent Chaplin who is moving to Singapore to become the new head of...
Study: Texting Bans Don’t Reduce Crashes
Dec 17 2010 // It’s illegal to text while driving in most U.S. states yet a new study finds such bans do not reduce car accidents and may actually increase insurance claims. Researchers at the Highway Loss Data Institute (HLDI)...
Summary and Status of Gulf Oil Disaster Litigation
Dec 16 2010 // The U.S. Department of Justice has joined the hundreds of lawsuits that have been filed as a result of the Gulf of Mexico oil spill, the largest in U.S. history. The following is a summary of the legal cases stemming from...
Suspicious Claims Rose 12% in Q3, Insurers Report
Dec 16 2010 // Questionable property/casualty insurance claims rose 12 percent in the third quarter over last year, according to the latest reports from insurance companies. Through the third quarter of 2010, the National Insurance Crime...
Alaska Loses Claim Against BP for Lost Taxes from 2006 Oil Spill
Dec 15 2010 // An Alaska judge has dismissed the state’s claim that BP owes several hundreds of millions of dollars in tax revenues the state claims it lost when the Prudhoe Bay oil field was partially shut down in 2006 because of...
P&I Insurance Market Makes a Record Comeback Says Willis Report
Dec 14 2010 // A new report from Willis Group Holdings notes that “investment income in the Protection and Indemnity (P&I) insurance market, which provides ship owners with marine legal liability coverage, bounced back to $680...
Mississippi Casino Workers’ BP Oil Claims Get Second Look
Dec 13 2010 // The agency in charge of paying Gulf of Mexico oil spill claims is requesting information from casinos that could lead to payments to hundreds of gambling employees previously denied damage claims, the head of an industry...
Lawyer Malpractice Claims on the Rise
Dec 8 2010 // The economy has taken its toll on all businesses today and law firms are no exception. They have experienced downsizing, pressure to change specialties in order to compete for new business, and other cost cutting measures,...
Alabama Gov. Riley Alleges Extortion by BP Claims Fund
Dec 7 2010 // President Barack Obama should intervene to stop the $20 billion BP oil spill compensation fund from depriving claimants of their rights, Alabama Governor Bob Riley said Monday, calling the way the fund was operating...
Could Sinkhole Claims Sink Florida Insurers?
Dec 5 2010 // A new state report confirms sinkhole insurance claims are rising in Florida, costing insurers millions of dollars in payouts and expenses, cropping up in counties where they have not been a problem in the past, and showing...
Final Claims Process for BP Oil Disaster Victims Begins
Dec 5 2010 // The administrator of the $20-billion fund created by BP Plc to compensate Gulf of Mexico oil spill victims has announced plans for processing final payments. Kenneth Feinberg said in a news release that claimants have a...
Lawyer Malpractice Claims on the Rise
Dec 5 2010 // Economy, Fees Countersuits and ‘Door Law’ Changing E&O Climate The economy has taken its toll on all businesses today and law firms are no exception. They have experienced downsizing, pressure to change...
How BP’s Gulf Oil Disaster Costs Could Double
Dec 1 2010 // Analysts’ dividend forecasts point to steady recovery BP, analysts, may be underestimating legal charges BP has history of low-balling long-term cost of disasters “Gross negligence,” punitive damages not...
Memphis Car Impoundment Lot Battles Theft, Damage Claims
Dec 1 2010 // The city of Memphis is upgrading security at the city’s car impound lot after paying out more than $72,000 to settle a variety of theft and damage claims. Mayor A C Wharton told The Memphis Commercial Appeal that the...
E&O Insights: Nothing Standard About Professional Liability
Dec 1 2010 // Typically, when looking to move an account from one carrier to another, you can count on some degree of similarity in policy forms. For the most part, a general liability policy with one standard company will look similar...
Louisana AG Disputes BP Fund’s Push for Claimant Release of Rights
Nov 30 2010 // In a letter dated Nov. 17, 2010, Louisiana Attorney General Buddy Caldwell challenged provisions of the Gulf Coast Claims Facility (GCCF) Draft Protocol for Interim and Final Claims that ask claimants to sign a broad...
