Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
People Moves: AGCS Promotes Major for Claims – London & Nordics; Conduit Re CRO’s Role Expands to Include Climate Initiatives; WTW Names Keville Head of FINEX GB FI
May 18 2022 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Conduit Re, and Willis Towers Watson (WTW). A summary of these announcements follows here. AGCS Promotes...
Workers’ Comp Claims from 10 Years of Legal Cannabis in Colorado Reveal a Boring Trend
May 16 2022 // Data on injured workers from the nation’s most mature adult-use cannabis market is pretty boring. No excessive claims resulting from injuries suffered by stoned forklift drivers, high cultivators, or even dispensary...
Insurance Claims – The Problems and Some Solutions
May 16 2022 // Claims are where the rubber is supposed to meet the road in the insurance world. Claims are where an insured might discover whether their cheap policy was too cheap. Claims are where reputations are made. Claims are where...
Aircraft Lessors Begin ‘Vigorous’ Pursuit of Insurance Claims for Seized Jets in Russia
May 11 2022 // Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of insurance claims while maintaining discreet contact with some customers after Moscow blocked the...
Claims Frequency Up for 2021, but Workers’ Comp Profitability ‘Unprecedented’
May 11 2022 // For the first time in more than a decade, workers’ compensation claims frequency, outside of COVID-19 illness claims, increased in the United States last year. But not to worry, the trend won’t last, and the...
Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz
May 10 2022 // Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a...
Intuit to Pay $141 Million to Settle TurboTax Deception Claims
May 6 2022 // Intuit Inc agreed to pay $141 million in restitution to settle claims by all 50 U.S. states and Washington, D.C., that it tricked millions of customers into buying online TurboTax products that the company deceptively...
Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia
May 6 2022 // The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a law preventing foreign-owned jets from leaving the country without state...
Safety Insurance Net Income Plummets as Auto Claims, Inflation Take Toll
May 5 2022 // Boston-based Safety Insurance Group, Inc. reported first quarter 2022 results showing net income of $7.8 million, compared to $36.2 million for the comparable 2021 period, as auto insurance claim frequency returned to...
Massachusetts Settles With 5 Nursing Homes Over Patient Neglect Claims
May 4 2022 // Massachusetts Attorney General Maura Healey’s office has secured settlements with five Massachusetts nursing homes to resolve allegations of patient neglect, insufficient staff training, and inadequate care for...
People Moves: Lim Promoted to CEO, Howden Singapore; Liberty Specialty Mkts. Hires Lim for Aviation Claims; OdysseyRe Taps Everest’s Finnegan for U.S. General Casualty
May 4 2022 // This edition of International People Moves details appointments at Howden Singapore, Liberty Specialty Markets and OdysseyRe. A summary of these new hires follows here. Lim Promoted to CEO of Howden Singapore Howden, the...
People Moves: WTW Grows Relations Team; Liberty Mutual Names 3 Execs; BHSI Promotes Reid; Waters Takes FM Global Climate Post; Doroff Heads Mosaic Claims
May 2 2022 // WTW Bolsters Relations Team with 3 Appointments in North America Global insurance broker Willis Towers Watson recently announced three key appointments: Joe LaRocco has been appointed head of Industry – Broking, North...
Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021
May 2 2022 // Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to an analysis by the Insurance Information Institute...
Malpractice Insurance Premiums Increased 22%, Despite Fewer Claims
May 2 2022 // The number of malpractice claims filed against hospitals and physicians dropped 14% in 2020, even as premiums rose 22% on average, according to the most recent report by the American Society for Health Care Risk Management...
Louisiana Insurers Have Paid or Reserved $12.1B on Ida Claims
Apr 29 2022 // Louisiana Insurance Commissioner announced insurers have paid or reserved $12.1 billion on all types of Hurricane Ida-related claims in Louisiana through March 31. This data is the second measure of damage from Hurricane...
TPA’s Quick Denials of First Responders’ Workers’ Comp Claims Draw Penalty
Apr 29 2022 // A workers’ compensation insurer must pay $100,000 under an agreement with Vermont state regulators because its claims administrator gave short shrift to claims for post-traumatic stress disorder and other...
SEC Sues Brazilian Miner Vale Over ‘False and Misleading’ Claims About Safety of Dams
Apr 29 2022 // The U.S. Securities and Exchange Commission (SEC) on Thursday sued Brazilian miner Vale for allegedly making false and misleading disclosures about the safety of its dams ahead of a 2019 disaster that killed 270...
New Hampshire Restaurants Pay $890K to Settle Back Wages Claims
Apr 28 2022 // Two New Hampshire restaurants in Derry and Londonderry and their owner have agreed to pay $890,169 to 63 employees to resolve numerous violations of the Fair Labor Standards Act following a U.S. Department of Labor...
Tesla Insurance Turning ‘Nightmare’ Claims Experience Into ‘Dream’: Musk
Apr 22 2022 // Tesla is “trying to turn a nightmare into a dream with Tesla Insurance,” Chief Executive Officer Elon Musk said Wednesday. His final words during an earnings conference call that lasted more than an hour came...
Massachusetts: First State Top Court Gives Industry a Win in Covid-19 Claims Case
Apr 21 2022 // The Massachusetts Supreme Judicial Court, in the first state high court ruling on the question, has sided with an insurer and an insurance agency in finding that the Covid-19 losses claimed by three restaurants were not...
