All the headlines from our Claims Topic Page, ordered by recency.
Sep 28 2017 // Ratings agency A.M. Best said it expects a significant share of the loss from Hurricane Maria to pass on to the global reinsurers evenly.The agency said it expects the loss would remain within the overall risk tolerance of...
Sep 28 2017 // Johnson & Johnson trained its employees to reassure anyone concerned about whether the company’s talcum powder contained asbestos that the cancer-causing substance “has never been found and it never...
Sep 27 2017 // The Texas Department of Insurance has issued a mandatory data call to both admitted and surplus lines insurance carriers seeking information about Hurricane Harvey-related claims in 62 counties impacted by the storm.The...
Sep 27 2017 // Nearly 17,000 flood insurance claims connected with Hurricane Irma have been filed, and more are expected in the coming weeks.The Sun-Sentinel reports that of 16,786 flood claims filed through Thursday, 3,969 were filed in...
Sep 27 2017 // Ratings downgrades for global insurers and reinsurers are becoming more probable as they face more than $100 billion in 2017 catastrophe losses, a figure that threatens to weaken their capital reserves, Fitch Ratings Inc....
Sep 25 2017 // Equifax Inc. could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data.While the 118-year-old credit-reporting firm has been hit with more than 100 consumer...
Sep 22 2017 // With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
Sep 21 2017 // German insurer Talanx warned it may miss its profit target for 2017 as its reinsurer, Hannover Re, is being hit by major claims from a series of hurricanes and an earthquake in Mexico.Reinsurers face big losses from...
Sep 20 2017 // XL Catlin has added two optional coverages to its professional liability insurance for architects, engineers and other design businesses in Canada: employment practices liability (EPL) Insurance and cyber insurance...
Sep 20 2017 // Editor’s Note: This is a republication of a January, 2013 article by Sally Coombs, who was then with Fireman’s Fund Insurance Co, which is now integrated into Allianz Global Corporate & Specialty...
Sep 20 2017 // Nevada’s top state prosecutor says 24 people have been indicted in a scheme alleging they staged car crashes and filed about $500,000 worth of fraudulent insurance claims in Las Vegas.Attorney General Adam Laxalt...
Sep 19 2017 // With many agents currently assisting clients in determining if they have claims and the insurance claim filing process in the aftermath of Hurricane Irma, one most common question received by the Florida Association of...
Sep 18 2017 // To process tens of thousands of auto and property claims with losses already well into the billions of dollars, insurance companies have adjusters camping out across Texas.The Houston Chronicle reports in one case, the...
Sep 18 2017 // Ambiguity surrounding a Texas law that went into effect on Sept. 1 had insurance industry representatives and attorneys who represent insurance policyholders issuing conflicting messages to insureds who may have suffered...
Sep 18 2017 // A new study shows the prevalence of opioids in workers’ compensation claims involving mental health.The study by the California Workers’ Compensation Institute tracks changes in the prevalence, volume and...
Sep 18 2017 // A Colorado police officer indicted by a state grand jury was arrested on multiple felony counts for allegedly lying about his home and car being burglarized and collecting nearly $60,000 in fraudulent insurance claims.Silt...
Sep 18 2017 // The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no catastrophic storm like Katrina or Harvey.The National Flood Insurance Program (NFIP) is currently on a path that...
Sep 13 2017 // Texas Gov. Greg Abbott has suspended a state statute in ordered to help facilitate the payment of insurance claims for vehicles that were totaled by Hurricane Harvey, the governor’s office said.Abbott temporarily...
Sep 13 2017 // As Florida residents return home after being evacuated by Hurricane Irma, the pressure is on the insurance industry to keep a bad situation regarding assignment of benefits abuse in the state from getting worse.Florida...
Sep 11 2017 // Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars’ worth of property damage in less than two...