All the headlines from our Claims Topic Page, ordered by recency.
Jan 13 2022 // ZURICH — Credit Suisse has filed five insurance claims related to $1.17 billion in exposure across two of its Greensill-linked supply chain finance funds, the bank said on Thursday.As of Dec. 31, it had filed five...
Jan 13 2022 // A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the scenarios life insurers are predicting after COVID-19 claims jumped more than expected in...
Jan 13 2022 // Punitive damages, long the scourge of businesses named in lawsuits, and a tricky issue for insurers, may soon be much harder to come by in Florida after a recent opinion handed down by the state Supreme Court.“This...
Jan 12 2022 // The volume of claims litigation in Florida continues to subside and by December had dropped almost 50% below last summer’s high point, a lawsuit-tracking service announced Wednesday.December data from Florida’s...
Jan 12 2022 // Insurers would no longer need to hire expensive expert witnesses in some claims disputes, but could rely on Google maps and images to show the age of property damage, if a Florida Senate bill becomes law and is endorsed by...
Jan 11 2022 // Florida’s insurance commissioner announced that his office had begun a rulemaking process to draft a form insurers should use to report a wide range of data on claims, as required by legislation passed in...
Jan 10 2022 // Remember George Costanza’s trick in “Seinfeld,” the 1990s TV sitcom? When he couldn’t (or didn’t want to) pay his rent or other expense he would conveniently “forget” to sign the...
Jan 6 2022 // Charles Taylor, a claims management and insurtech firm, announced it has acquired Kentucky-based Underwriters Safety & Claims, a third-party administrator. US&C, headquartered in Louisville but with offices around...
Jan 4 2022 // Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on Tuesday.However, initial...
Jan 3 2022 // Morgan Stanley has filed for court approval of a $60 million settlement of a class action stemming from two data breaches in July 2020 that the complaint alleges compromised the information of 15 million of the investment...
Jan 3 2022 // New Florida laws and regulations that govern insurance matters took effect Sunday. Some are minor changes to existing laws, but others could affect insurers and agents for years to come.Here’s a look at some of the...
Jan 3 2022 // A U.S. appeals court on Thursday revived litigation accusing a slew of large banks of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost profits at investors’...
Dec 21 2021 // Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for weather-related claims well above the predicted $105 billion, industry experts said, and...
Dec 21 2021 // They have decried COVID-19 as a hoax, promoted unproven treatments and pushed bogus claims about the vaccine, including that the shots magnetize the human body.The purveyors of this misinformation are not shadowy figures...
Dec 20 2021 // Employers may be warming up to the idea that fighting some workers’ compensation claims and medical treatments can be counterproductive, and new emphasis should be placed on keeping injured workers happy — and...
Dec 17 2021 // A federal judge has thrown out a $4.5 billion settlement that would have shielded the Sackler family, which owned OxyContin maker Purdue Pharma, from future lawsuits over opioids, upending the company’s plan to...
Dec 16 2021 // A number of insurance agencies in southwestern Kentucky sustained damage at their own offices during the massive tornado rampage last weekend, including one insurance firm that lost its entire building in hard-hit...
Dec 15 2021 // Maine utility regulators will investigate allegations raised in a lawsuit against the parent company of Central Maine Power.The investigation by the Maine Public Utilities Commission will focus on whether Avangrid’s...
Dec 14 2021 // Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in estimated annual insured losses from natural catastrophes of US$105 billion, the...
Dec 14 2021 // Employers may be warming up to the idea that fighting some workers’ compensation claims and medical treatments can be counterproductive, and new emphasis should be placed on keeping injured workers happy – and out...