Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Report: More than 456.5K Claims Filed in Texas After Winter Storm
Sep 24 2021 // A recently released report from the state’s insurance department shows more claims and higher average claim costs resulting from the severe and prolonged winter storm that enveloped Texas in mid-February than were...
People Moves: Beazley Promotes Turk to Head of Strategy; Everest Hires Chubb’s McBride as Head of Claims; Pen Names Hiscox’s Dixon as Head of Tech
Sep 22 2021 // This edition of International People Moves details promotions and appointments at three insurers: Beazley, Everest Insurance and MGA Pen Underwriting. A summary of these new hires follows here. Beazley Promotes Turk as...
Swiss Re Partners with Insurtech Claim Genius for Efficient Motor Claims Using AI
Sep 22 2021 // Swiss Re is partnering with Claim Genius, an insurtech that provides artificial intelligence (AI) insurance claims solutions, to enhance motor claims efficiencies with real-time damage assessment and...
Honeywell and Asbestos Trust Countersue Over Disputed Claims of $2.3 Billion
Sep 22 2021 // Honeywell International Inc. sued a trust for victims of asbestos poisoning, claiming the fund’s managers are wrongly paying people who say they were harmed by the toxic industrial substance. The lawsuit, filed in...
Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response
Sep 21 2021 // Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm, designed to accelerate the identification of...
Southeast Senior Living Complexes Agree to Pay $450,000 in Settlement Claims over FHA, ADA Violations
Sep 20 2021 // The Justice Department announced that the developer and owners of eight senior living complexes in Alabama, Florida, Georgia, South Carolina and Tennessee have agreed to pay $450,000 to settle claims that they violated the...
Florida New Litigated Claims Fell 35% in August
Sep 17 2021 // New litigated claims for Florida’s largest property and casualty insurers dropped to 4,313 in August, a 35% decrease from July, according to data compiled by litigation management software provider CaseGlide. The...
Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds
Sep 16 2021 // A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting these negative headwinds, creating a stable outlook for the sector into 2022,...
People Moves: Claims Leaders Hired at Generali GC&C; D&O Specialist Rising Edge, and Hamilton Re
Sep 16 2021 // This edition of International People Moves focuses on claims appointments at three insurance underwriters: Generali Global Corporate & Commercial, D&O MGA Rising Edge and Hamilton Insurance Group. A summary of...
ClaimsPro Acquires Alabama-Based Adjusting Company CJ Hester
Sep 15 2021 // ClaimsPro, an independent adjusting and claims management leader in North America and an SCM Company, announced that it has acquired CJ Hester, a multi-state independent insurance adjusting company based in Mobile,...
The Hartford Agrees to Pay $787M to Settle Boy Scouts Sexual Abuse Claims
Sep 15 2021 // The Hartford announced a new agreement in the Boy Scouts of America (BSA) bankruptcy in which it will pay $787 million for sexual abuse claims under policies mostly issued in the 1970s. The new agreement supersedes a prior...
Drugmaker Endo Settles Opioid Claims by New York, Counties for $50M
Sep 13 2021 // Drugmaker Endo International Plc on Thursday said it has agreed to pay $50 million to resolve lawsuits by New York state and two of its largest counties related to the sale and marketing of opioids. Endo said the...
Pennsylvania Insurance Department Provides Damage Claims Info Following Storm
Sep 10 2021 // Following the strong storms, tornadoes and historic flooding in the commonwealth, Pennsylvania Insurance Commissioner Jessica Altman provided information to home and business owners to help them file insurance claims for...
Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims
Sep 9 2021 // Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on reinsurers, according to Mike Van Slooten, head of Business Intelligence for Aon...
Beyond the Headlines: Workplace Violence and Workers Compensation Claims
Sep 9 2021 // Whenever a legal dispute arises as to insurance coverage, the court will evaluate policy language to determine if a specific cause of loss constitutes a covered event under the terms of that policy. When workers...
Judge Rules Boeing Directors Must Face Shareholder Claims Over 737 MAX
Sep 8 2021 // A Delaware judge ruled on Tuesday that Boeing’s board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor Morgan Zurn...
Credit Suisse Begins Filing Insurance Claims Over Greensill-Linked Funds
Sep 8 2021 // A first insurance claim has been filed and more are being prepared in Credit Suisse’s efforts to recover funds from its insolvent supply chain finance linked to Greensill, the Swiss bank said on Tuesday. The collapse...
DFS Directs New York Insurers to Expedite Tropical Depression Ida-Related Claims
Sep 7 2021 // The New York State Department of Financial Services (DFS) has issued a circular letter to New York-regulated insurers to expedite Tropical Depression Ida-related insurance claims. On September 1, 2021, the remnants of...
Texas Hospital to Pay $3.3M to Settle Claims-Related Whistleblower Suit
Sep 2 2021 // John Peter Smith Hospital (JPS) in Tarrant County, Texas, will pay more than $3.3 million to settle allegations that it violated the False Claims Act by upcoding certain claims submitted to federal healthcare programs, the...
German Insurers’ 2021 Claims Could Reach €11.5B ($13.6B) After Floods, Hail
Sep 2 2021 // German insurers face claims of about 11.5 billion euros ($13.6 billion) in 2021 after extensive flooding and hail storms, Germany’s insurance lobby GDV said on Thursday. It could be the most expensive year for...
