All the headlines from our Claims Topic Page, ordered by recency.
Aug 23 2016 // It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could...
Aug 23 2016 // The Federal Emergency Management Agency says it won’t repay Mississippi for nearly $30 million spent to retrofit homes after Hurricane Katrina unless the state can prove the money was well spent.The state failed to...
Aug 22 2016 // The rejection of a $100 million settlement with drivers comes with plenty of silver linings for Uber Technologies Inc. The gray cloud for the ride-hailing company is that a dozen or so lawsuits that would have been...
Aug 19 2016 // Uber Technologies Inc. may come out ahead by failing to win court approval of a $100 million settlement with drivers.A San Francisco federal judge rejected the agreement on Thursday, a turn of events that would typically...
Aug 18 2016 // Can a debt collector accused of crossing the line avoid liability by buying a consumer’s legal claim out from under her?A federal judge in Las Vegas said yes. The case deserves attention because if the U.S. Court of...
Aug 17 2016 // Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger that their profits could be hit if the current benign period of natural catastrophes returns...
Aug 16 2016 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, appointed Scott St. John as its chief claims officer effective August 22, 2016. St. John will be responsible for directing...
Aug 15 2016 // Olympus Insurance Co., a Florida homeowners insurer, has appointed Martin Newby as vice president of Claims. Newby will serve as Olympus’ senior claims executive responsible for the development, implementation,...
Aug 12 2016 // FBD Holdings Plc shares surged the most in almost eight years after the insurer posted a smaller first-half loss and said it’s on track to making a profit next year.FBD shares rose as much as 12 percent, their...
Aug 9 2016 // Munich Re, the world’s second-biggest reinsurer, reported second-quarter profit that beat analysts’ expectations as gains from currencies and investments cushioned higher claims from natural disasters and...
Aug 8 2016 // Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro SA and a rash of...
Aug 8 2016 // The number of homeowners insurance claims from lightning strikes in the United States fell in 2015. However, the total insurers paid on those claims rose by nearly 7 percent, according to the Insurance Information...
Aug 8 2016 // Florida’s insurer of last resort, Citizens, has expanded its efforts to curb increasing water loss claims with a new Water Mitigation Estimate Review Program.Citizens Chief Claims Officer Jay Adams said the new...
Aug 5 2016 // Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea unit.Net income...
Aug 2 2016 // New York authorities charged a Long Island engineering firm and one of its former executives with forging damage reports for homes swamped by Hurricane Sandy, altering the documents in such a way that owners’ flood...
Aug 1 2016 // Sports-related brain injuries are one of the top emerging insurance claims in the U.S. and the U.K., according to a report published by S&P Global Ratings.While the potential risk of such liability claims is rising...
Jul 29 2016 // CastlePoint National Insurance Co., the sole remaining carrier member of the Tower Group, was placed into conservation on Thursday by order of the San Francisco Superior Court to protect policyholders and injured workers...
Jul 29 2016 // Swiss Re AG, the world’s biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe claims including earthquakes in Japan and forest fires in Canada.Net income declined to $637...
Jul 27 2016 // A federal judge has ruled for an insurance company in its case against the operators of a funeral home in Putnam County, West Virginia, accused of filing false death claims on behalf of pre-need contract customers who...
Jul 26 2016 // Florida’s insurer of last resort, Citizens, has expanded its efforts to curb increasing water loss claims with a new Water Mitigation Estimate Review Program.Citizens Chief Claims Officer Jay Adams said the new...