Latest Claims Headlines

All the headlines from our Claims Topic Page, ordered by recency.

Louisiana Insurers Have Paid $13.1 Billion on Ida Claims

Aug 4 2022 // Louisiana insurers have paid or reserved to pay $13.1 billion on Hurricane Ida claims through June 30, 2022, the state’s department of insurance announced this week.Policyholders have filed 460,709 claims of all...

Louisiana Insurance Guaranty Association Tabs Verisk for Streamline Claims Handling

Aug 4 2022 // The Louisiana Insurance Guaranty Association (LIGA) announced it is is streamlining its handling of claims for policyholders of insolvent insurers with advanced property estimating technology from Verisk.LIGA is using...

FDIC Urges Banks to Police Misleading Crypto Claims on Deposit Insurance

Aug 1 2022 // A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which of their funds will be insured by the government in case of collapse, and which have no safety...

In Global Claims Report, Allianz Notes Rising Business Interruption Costs

Aug 1 2022 // The number of contingent business interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...

Louisiana Guaranty Fund to Borrow $600 Million to Pay Claims

Aug 1 2022 // A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021’s Hurricane Ida.The Times-Picayune ‘The New Orleans Advocate’ reports that the...

Texas Claims Adjuster Ordered to Cease Business in Louisiana for Allegedly Withholding Payments

Jul 29 2022 // Investigators from the Office of Insurance Fraud and Enforcement at the Louisiana Department of Insurance on July 22 issued non-resident public adjuster Kade Austen Mitchell and his agency a cease-and-desist order and...

Barclays Hit With Race Discrimination Claims in London

Jul 29 2022 // Barclays Plc was hit with three discrimination claims in London from Black bankers who accused the lender and colleagues of treating them unfairly because of their race, after they raised concerns about internal business...

Director of 9/11 Fund Picked to Estimate Cost of J&J Talc Claims

Jul 29 2022 // The lawyer who oversaw payments to victims of the Sept. 11 terrorist attacks will be appointed by a federal judge to estimate the total liability that Johnson & Johnson faces for claims that talc in its baby powder...

State Farm Settles Alabama Class Action Charging it Underpaid Claims

Jul 29 2022 // Did State Farm Insurance employ a clever device to reduce its payout – sometimes to zero – on thousands of property claims in Alabama?The insurance company has denied underpaying claims and other wrongdoing, but has...

Allianz Notes Rising Business Interruption Costs in Global Claims Report

Jul 22 2022 // The number of contingent business-interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...

Florida OIR: $3B Spent on Claims Defense in 2021; 27 Insurers Now on Watch List

Jul 21 2022 // In 2021, Florida’s domestic property insurers spent more than $3 billion on legal defense costs and containment – double the figure reported in 2016.That’s one jaw-dropping but not surprising takeaway from...

Michigan Utility Denies Flooding Claims from 2021 Storm

Jul 21 2022 // A Detroit-area water utility said Tuesday that it will deny flooding claims stemming from a damaging storm last summer based on an independent review that found the flooding was caused by the amount of rainfall and not a...

Lost Luggage Claims Jump 30% Compared to Pre-Pandemic Levels: Mapfre

Jul 20 2022 // The number of travelers reporting stranded luggage this summer jumped 30% from 2019, according to Spanish insurer Mapfre SA.More bags are going missing as short-staffed airports and airlines struggle to keep up with...

Meta VR Rival Claims It Was Obliterated When Facebook Took Its Name

Jul 19 2022 // A Meta Platforms Inc. rival claims in a federal trademark infringement lawsuit that its business has been obliterated after Facebook adopted its name.Closely held MetaX LLC said since October 2021, when Facebook rebranded...

Louisiana Guaranty Fund to Borrow $600 Million to Pay Claims

Jul 19 2022 // A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021’s Hurricane Ida.The Times-Picayune ‘ The New Orleans Advocate reports that the Louisiana...

New Jersey High Court: Default Claims Against Insurer Subject to Arbitration

Jul 19 2022 // A claimant seeking to recover directly from an insurer on default judgments for claims against the insurer’s policyholder, must abide by the insurer’s policy terms that mandate arbitration, the New Jersey...

Tesla Sued in Germany Over Car Surveillance Cameras, Carbon Footprint Claims

Jul 19 2022 // Tesla Inc. was hit by a lawsuit in Germany over potential privacy concerns linked to its car surveillance cameras and claims that buying its vehicles helps cut CO2 emissions.VZBV, the main German consumer association,...

30 Women Settle Watson-Related Claims Against Houston Texans

Jul 18 2022 // Thirty women who had accused the Houston Texans of turning a blind eye to allegations that their former star quarterback Deshaun Watson was sexually assaulting and harassing women during massage sessions have settled their...

Skittles Are Toxic, Federal Lawsuit Claims

Jul 15 2022 // Mars Inc. has been sued by a consumer who claims that Skittles candies are unfit to eat because they contain a known toxin that the company had pledged six years ago to phase out.In a proposed class action filed on...

Detroit to Pay $7.5 Million to Man Who Claims Police Switched Bullets

Jul 15 2022 // Detroit agreed to pay $7.5 million to settle a lawsuit by a man who claimed police switched bullets to pin a murder on him in 1992.Desmond Ricks was released from prison in 2017 after 25 years, thanks to gun experts, law...