Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Florida Insurers Have Until Aug. 1 to Show They Have Proper Claims Manuals, OIR Says
Jul 21 2023 // Florida property insurers now have a week to attest that they have and use claims-handling manuals that reflect industry practices and standards, the state Office of Insurance Regulation said in a bulletin. By Aug. 1,...
Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims
Jul 21 2023 // Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information Institute...
Northern New York Diocese Facing 100 Sexual Abuse Claims Files for Bankruptcy
Jul 19 2023 // The Roman Catholic Diocese of Ogdensburg in northern New York said Monday that it was filing for bankruptcy protection as it faces more than 100 lawsuits alleging sexual abuse. The diocese, like others in the state, is...
Insurers to Pay $15M to Settle Murdaugh Fatal Boat Crash Claims
Jul 18 2023 // Insurers for the convenience store that sold beer to Paul Murdaugh have agreed to pay $15 million to settle the wrongful death suit stemming from the 2019 boat crash involving Murdaugh in which teenager Mallory Beach was...
Claims Insurtech Tractable AI Raises $65M in Funding Led by SoftBank
Jul 18 2023 // Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors...
Heavy Rains Swamp Northeast Again; Floods Claims 5 Lives; Others, Including 2 Children, Missing
Jul 17 2023 // Heavy rains pounded an already saturated Northeast on Sunday for the second time in a week, spurring another round of flash flooding, cancelled airline flights and power outages. In Pennsylvania, a sudden flash flood late...
Owner of Louisiana Residence Inn Settles ADA Civil Claims
Jul 17 2023 // The United States has finalized a settlement agreement with IM Baton Rouge OPCO, LLC, owner and manager of the Residence Inn by Marriott Baton Rouge Towne Center Cedar Lodge (the “Marriott Towne Center”), to...
Residents of PFAS-Polluted Island File $42M in Claims Against Wisconsin City
Jul 17 2023 // A CROSSE, Wis. (AP) – Residents of an island polluted with PFAS chemicals have filed claims demanding more than $40 million from a western Wisconsin city they say is responsible for the contamination. As of June 2021,...
Lightning to Blame for $952M in Homeowners Claims in 2022
Jul 17 2023 // Claims involving lightning in 2022 resulted in homeowners insurance payouts approaching $1 billion, according to the Insurance Information Institute. The total value of claims in 2022 attributable to lightning was $952...
Twitter Owes Ex-Employees $500M in Severance, Lawsuit Claims
Jul 13 2023 // Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were laid off after Elon Musk acquired the company. Courtney...
Insurance Claims From French Riots Rise to $716 Million
Jul 11 2023 // Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost of €650 million ($716 million), the insurers federation said in a statement Tuesday. The number of claims has doubled...
California Utility Pays $22M to Settle Claims in 2016 Wildfire
Jul 10 2023 // Southern California Edison and two other companies have paid $22 million to settle U.S. government claims that they caused a 2016 wildfire that burned thousands of acres of national forest, it was announced. The money...
National Grid to Pay $5.3M to Settle Gloucester Environmental Damage Claims
Jul 10 2023 // \National Grid agreed to pay $5.38 million to state and federal agencies to resolve claims over environmental damage caused by the defunct Gloucester Gas Light Company, officials said Friday. Hazardous chemicals released...
Musk Claims Lawyers Overbilled in Fight to Make Him Buy Twitter
Jul 10 2023 // Elon Musk sued the law firm that led the court fight to make him complete his takeover of Twitter, saying it took advantage of the company while running up a $90 million bill. Wachtell Lipton Rosen & Katz, among the...
Appeals Panel Says CCC Software Does Not Violate Florida Law in Auto Claims
Jul 7 2023 // An insurer that used CCC Intelligent Solutions software to determine the payout for a claimant’s vehicle did not violate a Florida law that sets forth only three methods that auto insurers may use to determine actual...
Report Looks at Long COVID Claims in California Workers’ Comp
Jul 3 2023 // Roughly 13% of COVID-19 claims with medical payments received treatments for long COVID symptoms in the workers’ compensation system, a new report shows. The Workers’ Compensation Insurance Rating Bureau of...
Florida Regulators Approve Roof Endorsements That Bar Non-Storm Claims
Jul 3 2023 // Despite the Florida Legislature taking major steps to rein in the cost of roof claims and litigation, at least two insurers have come out with broad roof endorsements that seek to bar claims for wear and tear, poor...
Bad Press, Claims Issues, Soaring Premiums Giving Industry Another Black Eye?
Jul 3 2023 // It’s no secret that the U.S. property/casualty insurance industry does not always enjoy a sterling reputation among consumers. As one insurance professor recently put it, the industry’s rank in public opinion...
GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters
Jun 30 2023 // Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled to unpaid wages for overtime worked between May 27, 2019 and May 27, 2022. The settlement...
Montana Superfund Town’s Clinic Accused of Submitting False Asbestos Claims
Jun 30 2023 // A major U.S. railroad found liable for spreading hazardous asbestos that killed hundreds of people in a Montana town is trying to convince a federal jury that a local clinic submitted hundreds of asbestos claims for people...
