All the headlines from our Claims Topic Page, ordered by recency.
Jan 29 2018 // The insurance linked securities (ILS) sector is set for another year of growth as the market recovers from 2017’s natural disasters, replaces lost capital and investors show mounting interest in ILS products.These...
Jan 26 2018 // A West Virginia man has been sentenced to one year and nine months in federal prison for filing false insurance claims totaling more than $354,000. Thirty-six-year-old Daniel Lichtman of Kearneysville was sentenced for...
Jan 24 2018 // Longtime attorney and claims specialist Jennifer Groszek has joined the ProQuest division of Alliant as vice president, claims advocate lead, where she will provide risk management, consulting, and claims management and...
Jan 24 2018 // QBE announced to the market this week that it expects a US$1.2 billion after-tax loss in 2017 on “unprecedented” natural catastrophe claims.“This has been a challenging year for QBE, reflecting an...
Jan 23 2018 // Losses from the Thomas Fire in Southern California are expected to fall between $1 billion and $2.5 billion, a catastrophe modeling firm said on Tuesday.The Thomas Fire, which raged across Southern California’s...
Jan 22 2018 // Baton Rouge, LA, January 22, 2018– Louisiana Citizens Property Insurance Corp. (‘LCPIC’), today announced its issuance of a new request for proposals pertaining to the company’s search for vendors to...
Jan 22 2018 // Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across Texas. The Insurance Council of Texas says that more than 3,000 insurance claims are expected from policyholders...
Jan 22 2018 // The Federal Emergency Management Agency (FEMA) was busy in 2017 as it supported 59 major disaster declarations and 16 emergency declarations, a year during which unprecedented disasters affected more than 25 million...
Jan 19 2018 // The insurance protection gap in developing nations is being filled by a growing group of microinsurers, which provide coverage that ranges from life and health insurance, to crop insurance, to property protection after...
Jan 17 2018 // The 2018 Florida Legislative Session is underway, and lawmakers have wasted no time taking up legislation to address the assignment of benefits crisis plaguing the state.While they debate which reform option to back,...
Jan 16 2018 // Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist corporate insurer, has appointed Lars Vissing as Regional Unit London (RUL), head of Claims, starting in February 2018.Vissing succeeds...
Jan 16 2018 // BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S. history start to wind down.The 2010 explosion at a well in the Gulf of...
Jan 11 2018 // Ford Motor Co. installed software that enabled its F-250 and F-350 Super Duty trucks to cheat at passing federal emissions tests, according to a lawsuit by truck owners filed on Wednesday, a claim the No. 2 U.S. automaker...
Jan 9 2018 // Workers’ compensation specialist The MEMIC Group has announced the promotion of Adelin Vinas to the position of claims director of the Atlantic region, which includes MEMIC’s Florida, Virginia, Pennsylvania and...
Jan 9 2018 // Louisiana has paid at least $1.3 million to settle more than two dozen sexual harassment claims since mid-2009, including allegations made against college professors, judges, health care workers and one former state...
Jan 8 2018 // Texas Department of Insurance fraud investigations in 2017 resulted in 135 suspects referred for prosecution, 113 indictments, and $2.3 million in court-ordered restitution for victims.TDI described some of the most...
Jan 8 2018 // From Hollywood mogul Harvey Weinstein to famed television journalist Matt Lauer, to thousands of others speaking out through the social media movement #MeToo, sexual harassment allegations from individuals who claim to...
Jan 8 2018 // Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018 for the first time since its efforts to shed policies through depopulation began...
Jan 4 2018 // The insurance industry will pay record claims of US$135 billion from last year’s spate of natural catastrophes, according to a report published by Munich Re.Further, Hurricanes Harvey, Irma and Maria (HIM), the...
Jan 4 2018 // A recent case out of the Florida Supreme Court will likely have a big impact on the duty of insurers to defend Florida construction cases.The case, Altman Contractors, Inc. v. Crum & Forster Specialty Insurance Company...