All the headlines from our Claims Topic Page, ordered by recency.
Aug 21 2015 // Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s.“Based on our initial investigation, we...
Aug 21 2015 // A new law that becomes effective Sept. 1 in Texas will give the state’s property insurer of last resort for wind and hail along the coast more leeway in a plan to reduce its overall exposure by incenting private...
Aug 19 2015 // A 50-year-old Jacksonville, Florida, man has been sentenced to six years in prison for staging car crashes. The Florida Attorney’s Office announced Monday that Guillermo de la Vega pleaded guilty earlier this month...
Aug 19 2015 // Target Corp. said it has reached an agreement with Visa Inc. card issuers to reimburse up to $67 million in costs related to a data breach at the retailer in 2013, according to a source familiar with the matter.The breach...
Aug 18 2015 // BP PLC’s $18.7 billion settlement for its 2010 oil spill may not end lawsuits filed by two Louisiana public university systems against the oil giant, a newspaper reported.Since many details are under wraps, it...
Aug 18 2015 // Insurance claims filed by U.S. farmers for crops they couldn’t plant have jumped 48 percent this year, government data show, the latest indication of how adverse weather is curbing production of corn and other...
Aug 18 2015 // Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit ratings agency Fitch said on Tuesday.Credit...
Aug 17 2015 // Arab Bank Plc has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a U.S. jury found the bank liable.The settlement was confirmed...
Aug 17 2015 // Hospitals of all types have provided patients with more than $459 billion in uncompensated care – no payment was received from the patient or insurer – since 2000. American Hospital Association, in a January 2015...
Aug 17 2015 // Workers’ compensation premiums in California continue to grow at double-digit rates, according to the Workers’ Compensation Insurance Rating Bureau.The WCIRB in July released its “State of the California...
Aug 17 2015 // A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar.Zurich American...
Aug 14 2015 // The Federal Emergency Management Agency says it strongly encourages National Flood Insurance Program policyholders seeking Superstorm Sandy-related payment reviews to submit them by Sept. 15, but will consider all requests...
Aug 11 2015 // Beecher Carlson Insurance Services, LLC, a specialized large account insurance broker, has promoted Suzanne Flynn to managing director and leader, National Casualty Claims. Flynn will lead the claims team while providing...
Aug 10 2015 // The rise of rampant claims litigation against property insurers following hailstorms in Texas has created a “cottage industry” that not only threatens the financial health of the state’s property...
Aug 7 2015 // A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar.Zurich American...
Aug 7 2015 // New York City should be quicker to repair potholes, which have cost taxpayers $138 million in settlements over the last six years, City Comptroller Scott Stringer said.Stringer released an analysis last week that showed...
Aug 7 2015 // Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co.Net income increased to 2.02...
Aug 6 2015 // Munich Re, the world’s biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose.Net income rose to 1.07 billion euros [$1.14 billion]...
Aug 5 2015 // Workers’ compensation premiums in California continue to grow at double-digit rates, according to the Workers’ Compensation Insurance Rating Bureau.The WCIRB recently released its “State of the California...
Aug 5 2015 // Allstate Corp. reported net income fell to $355 million in the second quarter, down from $645 million, as the insurer coped with rising auto claims costs. The Allstate brand suffered an underwriting loss for the...