Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
UK Insurers Hit with over 2,300 Fraudulent Claims Every Week
Jul 26 2010 // The UK’s insurers are detecting more fraudulent insurance claims than ever according to figures released by the Association of British Insurers. The ABI said that insurers had received over 2,000 dishonest insurance...
BP’s Partners Will Not Set Up Gulf Oil Claims Fund
Jul 23 2010 // The two oil companies that are BP’s partners in the now-capped oil well told Congress Thursday they will not set aside money for cleanup costs along the Gulf Coast because it is BP’s responsibility. Anadarko...
Weather Claims Erode Travelers Profits
Jul 23 2010 // Weather-related claims of nearly $440 million dragged down profits by 9 percent at Travelers, which reported second quarter net income of $670 million, down from the $740 million the insurer earned in the year-ago...
BP Claims Could Exceed $20 Billion, Says Fund Chief Feinberg
Jul 23 2010 // The $20 billion fund set up to help compensate victims of BP Plc’s devastating Gulf of Mexico spill does not prevent future lawsuits against the company that exceed that amount, the fund’s administrator said on...
Army Corps Report Claims Actions Reduced Tennessee Flooding
Jul 23 2010 // The U.S. Army Corps of Engineers has concluded its actions during the May floods reduced the Cumberland River’s flood crest in Nashville by 5 feet, but the agency suffered numerous communications problems during the...
Gulf Coast Fishermen Angered By Clean-Up Offset Against BP Claims
Jul 20 2010 // Fishermen in Mississippi say they are angry that under the terms of BP’s $20 billion oil spill fund, money they earn doing clean-up will be subtracted from their claim against the company. The fishermen reacted after...
Understanding Business Income Claims During Times of Civil Unrest
Jul 19 2010 // California’s Mehserle Verdict a Reminder to Review Coverages While Oakland, Calif., police donned riot gear to ward off potential violence and vandalism following the Mehserle verdict announcement, businesses may be...
CNA Pays Berkshire $2 Billion to Assume Asbestos, Pollution Claims
Jul 15 2010 // Warren Buffett’s Berkshire Hathaway Inc. will take over asbestos and environmental pollution risks now held by CNA Financial Corp. in exchange for a $2 billion fee. CNA, which is the nation’s seventh-largest...
Allstate: Burglary Claims in Texas Jump 9% in 2009
Jul 14 2010 // The number of home burglary claims for Allstate Insurance customers in Texas jumped 9 percent last year. With many Texans taking trips this summer, the insurer is encouraging people to keep their homes locked-up and their...
Berne Union Upbeat on Global Trade, Credit Insurance
Jul 12 2010 // The Berne Union* closed its recent biannual meeting in Helsinki Finland on a tone of cautious optimism for global trade and investment. The Union’s bulletin pointed to “a resurgence in credit insurance capacity...
Island Insurance Names Harada VP of Claims
Jul 8 2010 // Honolulu-based Island Insurance Co. Ltd. has appointed Lyle Y. Harada as vice president of its claims division. In his position, Harada will be responsible for the strategic planning, development and management of all...
How Should BP Handle Claims by Churches, Nonprofits?
Jul 8 2010 // God only knows what will happen to churches and other nonprofit organizations that say they are struggling for survival because of the Gulf oil spill crisis. Months after the Deepwater Horizon rig exploded and its well...
Declarations
Jul 5 2010 // BP Claims Law “I think the best way to look at it is the way Congress looked at 9/11 cases. Would your claim be applicable under state and, in this case, maritime law? If the state would recognize it, then I will...
For Gulf Oil Disaster Victims, Claims Process Improves for Some
Jul 5 2010 // The first time Louisiana shrimp boat captain Louis Buteaux filed a claim with BP Plc to recoup oil spill losses, he was told he didn’t have enough paperwork to prove he actually was the skipper. So he only got $2,500...
Louisiana AG to Feinberg: Keep State in the Loop
Jul 5 2010 // While the claims process related to the BP oil spill may be improving, Louisiana Attorney General Buddy Caldwell still wants to keep tabs on it. A Louisiana district court judge in June approved Caldwell’s request to...
Construction Claims: Understanding Colorado’s Statutory Notice of Claim Process
Jul 5 2010 // In the construction industry, it is almost inevitable that at some time contractors and design professionals will receive a notice of claim (NOC) letter. This is the first step in the claims process that may lead to an...
Goldman Defends Its Claims on AIG As Legitimate
Jul 1 2010 // Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive...
Special Reuters Report: Oil Spill a Gusher for Lawyers; Litigation May Take Years
Jun 30 2010 // BP payout should far exceed what Exxon spent on Valdez The company’s $20 billion fund may not be enough Accountability may take years if not decades to assess Many federal laws allow civil, criminal liability From a...
SeaBright Launches New Managed Care Claims Program
Jun 25 2010 // SeaBright Holdings, Inc.’s subsidiary, SeaBright Insurance Co., has launched a new managed care new program called “BrightCurePDQ”, which stands for Physician-Directed Quality. Starting in June, upon...
Arizona Wildfire Claims Up to $5 Million
Jun 25 2010 // The Schultz fire burning in Arizona near Flagstaff has incurred up to $5 million in claims to date, according to the latest National Interagency Coordination Center Incident Management Situation Report. To date, 14,800...
