Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
In a Reversal, Texas Supreme Court Allows Prompt Payment Claim Against State Farm Lloyds
May 4 2020 // Texas’ high court recently reversed the ruling of an appeals court in a case involving whether an insurer’s payment of an appraisal award negates an insured’s claim against the carrier under the Texas...
Tennessee Insurance Claims from Deadly March Tornadoes Top $1B
May 4 2020 // More than 15,600 insurance claims seeking more than $1.1 billion have been filed in Tennessee over deadly tornadoes that tore through the state early last month, state officials said last month. Tennessee Department of...
Penn. High Court Deals Potential Blow To Carriers’ Denial Of Business Income Claims
May 1 2020 // In a case where no insurance company or insurance claim was involved, the Pennsylvania Supreme Court issued a ruling that could potentially negate one of the insurance industry’s standard bases for denial of coverage...
Non-Life Insurance Claims from Pandemic to Surpass 9/11 Claims: Willis Towers Watson
May 1 2020 // Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the...
Washington Extends Deadline for Claims with Building Repairs
Apr 30 2020 // Washington Insurance Commissioner Mike Kreidler on Thursday filed an emergency order that requires insurers to extend deadlines relating to withheld depreciation for policyholders who are in the process of completing home...
Markel Estimates COVID-19 Losses of $325 Million
Apr 30 2020 // Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential losses. The holding...
Top Insurers Face Lawsuit from UK Hospitality Sector on Rejected Biz Interruption Claims
Apr 30 2020 // Top insurers such as AXA, RSA, QBE and Zurich face a potential multi-million-pound lawsuit from British pubs, hotels, restaurants and leisure groups, who allege that legitimate business interruption claims have been...
Court Nixes $64M Award Against Fireman’s Fund in Reinsurance Spat with Utica Mutual
Apr 30 2020 // A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals...
Insurtech Demo Day 2020
Apr 29 2020 // Just a week shy of our Virtual Insurtech Summit, to air Wednesday, May 6th, I attended the virtual Demo Day of the Hartford Insurtech Hub on Tuesday, April 28th. As the host for our upcoming Summit, I’ve spent time...
Hiscox Action Group Gears Up to Take Hiscox to Court over COVID-19 BI Exclusions
Apr 29 2020 // Angry Hiscox policyholders have formed an action group in the UK to fight Hiscox’s pandemic exclusions to its commercial business interruption policies. More than 300 UK policyholders have joined the Hiscox Action...
Guest Post: The Insurance Professional’s Guide to Giving Depositions Part 6: Appearing for Your Deposition
Apr 29 2020 // Today’s post is the sixth and final in a series of posts by friend of the Academy, Crystal M. Uebelher, J.D., CPCU. Crystal is an insurance professional and a lawyer. Crystal loves teaching non-lawyers about the law...
NICB: Texas Again Claims Top Spot for Hail Claims
Apr 28 2020 // A three-year analysis National Insurance Crime Bureau (NICB) of insurance claims associated with hailstorms in the United States shows Texas once again leads all states in hail claims by a wide margin. NICB’s report...
Texas High Court Allows Prompt Payment Claim Against State Farm Lloyds
Apr 28 2020 // Texas’ high court recently reversed the ruling of an appeals court in a case involving whether an insurer’s payment of an appraisal award negates an insured’s claim against the carrier under the Texas...
The Doctors Co. in California Names Spadacenta Claims Executive
Apr 28 2020 // The Doctors Co., based in Napa, Calif., has named Marco Spadacenta senior vice president of claims. Spadacenta oversees the claims function nationally of the admitted medical professional liability unit, reporting to...
Top States, Cities For Insurance Claims for Hail Damage
Apr 28 2020 // Texas leads the nation in insurance claims for hail damage— far outdistancing other states with 23% of loss claims filed over the past three years. The National Insurance Crime Bureau released a three-year analysis of...
AXIS Capital Estimates $235 Million of Coronavirus-Related Claims During First Quarter
Apr 27 2020 // AXIS Capital Holdings Ltd. announced an estimated net claims provision of $300 million, pre-tax, for the first quarter related to catastrophe and other weather-related events. This amount includes estimated pre-tax claims...
UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims
Apr 27 2020 // Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. “We are concerned that the insurance sector...
UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers
Apr 27 2020 // British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals hit by the coronavirus pandemic, according to the industry’s trade body. Initial estimates...
Tennessee Insurance Claims from Deadly March Tornadoes Top $1B
Apr 27 2020 // More than 15,600 insurance claims seeking more than $1.1 billion have been filed in Tennessee over deadly tornadoes that tore through the state early last month, state officials said Thursday. Tennessee Department of...
Court Approves GM’s $120M Ignition Switch Lost Value Claims Settlement with Owners
Apr 24 2020 // General Motors Co. on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose value. U.S. District Judge Jesse Furman in...
