All the headlines from our Claims Topic Page, ordered by recency.
Nov 13 2017 // Penn State disclosed Friday it recently paid out an additional $16 million to people with claims they were sexually abused by former assistant football coach Jerry Sandusky, raising the total over several years to more...
Nov 13 2017 // Allianz has slightly downgraded its profit outlook for the full year after increased claims from natural disasters in North America, the German insurance giant’s finance chief said.Hurricanes Harvey, Irma and Maria,...
Nov 13 2017 // The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires.The industry...
Nov 8 2017 // For Hannover Re, the world’s third-biggest reinsurer, it’s time to take profits in the stock market.The German company said on Wednesday that it sold its entire stock portfolio, worth about 953 million euros...
Nov 8 2017 // Advent Claims, the insurtech-led claims third party administrator (TPA), announced it has signed an agreement to administer all claims for Aquila Underwriting-backed MGA, Principia Underwriting.Principia, which previously...
Nov 6 2017 // Georgia’s estimated insured losses from Hurricane Irma have climbed to more than $550 million, with insurers reporting approximately 103,163 claims filed as of October, according to Georgia Insurance Commissioner...
Nov 6 2017 // Dallas-based independent insurance brokerage RHSB has named Julia Miller Spracklen J.D. as chief operating officer and Courtney Woodruff as senior vice president in its Commercial Lines Division. Additionally, John Losurdo...
Nov 2 2017 // Lancashire Holdings Ltd reported a third-quarter pretax loss after what looks set to be the costliest quarter ever for insurers and reinsurers due to natural catastrophes, but said it was seeing some evidence of an...
Nov 1 2017 // The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every...
Nov 1 2017 // Swiss Re has appointed Jason Richards as head Casualty Reinsurance. At the same time, Nicola Parton was named head P/C Business Management, and James Shepherd was appointed head of L&H Business Management.Richards will...
Oct 31 2017 // The largest California insurers have so far reported more than $3.3 billion in insured losses from the October wildfire siege, now considered the most destructive fires in state history.Insurance Commissioner Dave Jones on...
Oct 31 2017 // The Workers Compensation Research Institute (WCRI) released a new tool for policymakers and system stakeholders to track the performance of the New York workers’ compensation system.“Originally established to...
Oct 30 2017 // In an ideal world, anyone who experiences harassment at work would head directly to the human resource department. That’s where a sensitive, well-trained professional would conduct an “immediate and...
Oct 26 2017 // Munich Re expects claims of €2.7 billion ($3.2 billion) from Hurricanes Harvey, Irma and Maria, which will lead to a third quarter loss of €1.4 billion.The group said it expects a small profit for the full year, as...
Oct 26 2017 // It’s been just over a month since Hurricane Irma hit Florida, and it won’t be forgotten in Florida by anyone anytime soon, especially not by those in the insurance industry.The powerful storm made landfall...
Oct 25 2017 // Despite a nationwide advertising blitz for mobile auto insurance apps and widespread use of digital channels to purchase insurance, U.S. auto insurance customers have been slow to adopt digital claims reporting, according...
Oct 25 2017 // Florida’s Chief Financial Officer Jimmy Patronis is urging the Federal Emergency Management Agency to reconsider an upcoming vendor transition that he says could delay the processing of federal flood claims in...
Oct 24 2017 // Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has appointed Leonora Siccardi as EMEA & UK Head of Client Services.Based in London and reporting to Maggie Westdale, CFO of Aon Benfield,...
Oct 24 2017 // The Georgia Department of Insurance’s Consumer Services Division answered more than 8,778 complaints and helped consumers receive $4,828,385 million in claims settlements through the first three quarters of 2017,...
Oct 23 2017 // Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year.Inquiries...