Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Arkansas AG Sues TV Pastor Bakker over Virus Treatment Claims
Jun 17 2020 // Arkansas’ attorney general has sued Missouri-based TV pastor Jim Bakker over his promotion of a product falsely touted as a cure for the illness caused by the coronavirus. Attorney General Leslie Rutledge filed the...
Investors’ Suit Alleges Firm Inflated Stock with Misleading Claims About Its Covid Test
Jun 17 2020 // An investor lawsuit against a Utah company alleges its principals falsely claimed its coronavirus diagnostic test was “100% accurate” and before doubts about the claim became widely reported, directors and...
Reassuring Customers Part of Job for Minnesota Agent in Aftermath of Riots
Jun 15 2020 // Dan Gutlovics did a lot of virtual hand holding during the first days of the violent protests in Minneapolis and St. Paul following the death of George Floyd while in the custody of Minneapolis police on May 25. Gutlovics,...
The Debate Between Business Owners, Insurers Over Business Interruption Claims Continues
Jun 15 2020 // As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities...
How COVID-19 Will Change Insurance Sales
Jun 15 2020 // An agent who is a client of mine asked me, “Do you really think any business owner is truly happy with their agent or insurance company today?” Good question. Having to tell the public over and over and over,...
McLarens Acquires Energy Claims Specialist LWI in London
Jun 12 2020 // Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters. McLaren purchased the...
South Africa Regulator Probes Insurance Contracts Over Unpaid COVID-19 BI Claims
Jun 12 2020 // A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected. One outcome from the process could include an order from the Financial...
Some Question Insurers’ Estimates of Coronavirus Business Interruption Claims
Jun 12 2020 // U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has warned it could cost...
How Coronavirus Could Further Stress an Already-Stressed D&O Insurance Market
Jun 12 2020 // Players should expect the directors and officers insurance market to “undergo radical changes” based on 2019 results and the “unprecedented turbulence” created by the COVID-19 pandemic, according to...
New York Charges Drugmaker Endo with Insurance Fraud Over Opioid Claims
Jun 11 2020 // New York state filed civil charges on Wednesday accusing Endo International Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, adding fuel to the nation’s opioid crisis. Governor...
Centauri Insurance of Florida Adds Brady as VP of Claims
Jun 11 2020 // Centauri Specialty Insurance Holdings and its subsidiaries have added Tom Brady as vice president of Claims. Brady joined the team in April 2020 and is responsible for all facets of the claims operations, including setting...
Florida Supreme Court Suspends Attorney Behind Thousands of Insurer Lawsuits
Jun 10 2020 // The Florida Supreme Court has granted an emergency request by The Florida Bar to immediately suspend an attorney who, with his firm, has filed thousands of assignment of benefit and first party lawsuits against Florida...
Global Insurers Pulled into Epicenter of COVID-19 Crisis, Firmly in Uncharted Territory
Jun 10 2020 // Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift. The long-awaited 32nd Olympic Games. The list of canned crowd-thrillers that were planned...
The BIG Idea for Business Interruption Coverage: What It Is and Isn’t
Jun 10 2020 // Good faith coverage disputes over pandemic-related business interruption coverage don’t have to be fought out in courts, and retroactive rewrites of business interruption coverage language are unfair, according to a...
Zurich Insurance Forms New Legal Panel for Large and Complex Claims in EMEA
Jun 9 2020 // Zurich Insurance Group has introduced a new legal panel to provide advice on the management of large and complex claims across the Europe, Middle East & Africa (EMEA) region. The new panel consists of BLM, Clyde &...
Trade Credit Insurers Seek $60B from U.S. Towards Pandemic Payouts
Jun 8 2020 // U.S. trade credit insurers have approached the U.S. Treasury Department and Federal Reserve seeking financial backing for claims payments to support business supply chains hit by the novel coronavirus pandemic, three...
N.Y. Emergency Reg Requires Insurers to Expedite Claims Related to Civil Unrest
Jun 5 2020 // The New York State Department of Financial Services (DFS) has issued an emergency regulation requiring New York-regulated insurers to accelerate the claims process for businesses and individuals suffering damage as a...
Did Debate Over Business Income Insurance Just Get More Complicated?
Jun 4 2020 // As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities...
Insurers Prepare for Claims as East States See Property Damage from Civil Unrest
Jun 4 2020 // Scenes that played out over the past few days in several East region states are serving as a stark reminder for the insurance industry of civil unrest that took place in New York and other U.S. states more than 50 years...
Washington Commissioner Urges Firms Damaged During Riots to File Claims ASAP
Jun 3 2020 // Washington Insurance Commissioner Mike Kreidler is advising Washington state business owners who have experienced damage during protests to contact their insurance companies as soon as possible. Damage to businesses and...
