All the headlines from our Claims Topic Page, ordered by recency.
Jan 10 2025 // American International Group (AIG) said Christopher Flatt, currently head of AIG North America alternative channels, has been named global chief underwriting officer, effective immediately.Flatt also held the the position...
Jan 10 2025 // If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify that those assets include potential tort-claim settlements, a federal appeals court said...
Jan 8 2025 // Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris.Gerald L. Maatman, partner at the firm and co-author of...
Jan 6 2025 // The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from former employee Michael Barry.According to a filing in U.S. District...
Dec 30 2024 // Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts.“It’s truly become an arms...
Dec 30 2024 // Atos SE said a ransomware group called Space Bears claimed on Saturday to have compromised an Atos database.The French technology company, whose activities include cybersecurity as well as cloud and high-performance...
Dec 30 2024 // The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week, consistent with a cooling but still-healthy U.S. labor market that is likely to keep Federal Reserve officials...
Dec 26 2024 // What is the secret to an insurance claims experience that satisfies customers?For years, J.D. Power has conducted surveys and curated lists recognizing insurers that succeed at providing satisfactory claims experiences....
Dec 17 2024 // This edition of International People Moves details appointments at Arch Insurance and Chubb Overseas General.A summary of these new hires follows here. Arch Insurance Taps Symenouh From Tokio Marine as Senior Cyber...
Dec 13 2024 // COLUMBUS, Ohio (AP) — The Ohio Supreme Court ruled on Tuesday that the state’s product liability law prohibits counties from bringing public nuisance claims against national pharmaceutical chains as they did as...
Dec 13 2024 // Mega claims in workers’ compensation represent far less than 1% of total workers’ comp claims yet account for more than 2% of total loss dollars, and total in excess of $1 billion each year, a new study from 10...
Dec 12 2024 // New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.That measure is one of several options...
Dec 9 2024 // The Consumer Financial Protection Bureau said it’s claiming supervisory authority over Google Payment Corp., as the agency extends its oversight of nonbank financial platforms. The unit of Alphabet Inc. promptly...
Dec 9 2024 // U.S. judge on Friday said Southwest Airlines must face a lawsuit by a prominent affirmative action opponent claiming a now-defunct program that awarded free flights to Hispanic college students was racially...
Dec 2 2024 // An Alabama public adjuster known as an aspiring country music singer has been re-arrested after reportedly violating the terms of his bond from an arrest earlier this year.Austin Tanner, of Orange Beach, also appears to be...
Nov 22 2024 // Pending arbitration claims against liquefied natural gas exporter Venture Global LNG Inc. from several of its customers have grown to nearly $6 billion, according to a bond document seen by Bloomberg.Claims in cases by...
Nov 22 2024 // Officials with Florida’s Citizens Property Insurance Corp. took issue Thursday with a number of national and Florida news reports that have suggested that the insurer has the “worst rate” on paying claims...
Nov 19 2024 // A federal bankruptcy judge has approved a Chapter 11 plan for the Roman Catholic Diocese of Rockville Centre, New York that includes a $320 million fund to compensate victims of clergy sexual abuse and settles insurance...
Nov 19 2024 // A construction industry captive insurer along with three construction contractors have filed a lawsuit alleging a massive New York fraud scheme involving staged workplace accidents and bogus workers’ compensation and...
Nov 18 2024 // The U.S. Environmental Protection Agency announced a settlement with a firm over claims of violations of hazardous waste regulations at the company’s facility in Irvine, California. Edwards Lifesciences LLC will pay...