The most viewed headlines from our Claims Topic Page over the last year.
Jan 16 2025 // There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a...
Feb 13 2025 // The Federal Emergency Management Agency said it needs to borrow $2 billion from the U.S. Treasury to cover claims from National Flood Insurance Program policyholders.FEMA, administrator of NFIP, said it expects to pay out...
Apr 8 2025 // Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs.About a month after Trump looked to impose steep tariffs on China, Mexico,...
Feb 5 2025 // USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report $1 billion or more in payouts for the destructive blazes that burned thousands of properties.The company, which is...
Feb 11 2025 // California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers to cover claims from the Los Angeles wildfires.The FAIR Plan reported it has...
Apr 25 2025 // Insurers in the U.S. paid out about $1.6 billion in dog-related injury claims in 2024, according to data compiled by the Insurance Information Institute (Triple-I) and State Farm.The number of dog bite and related injury...
May 5 2025 // Maryland’s insurance regulator has announced actions to settle a long-running dispute with Erie Insurance Group over a report on the insurer’s practices involving some urban agents and their insureds.The...
Mar 14 2025 // Maryland’s insurance regulator has announced actions to settle a long-running dispute with Erie Insurance Group over a report on the insurer’s practices involving some urban agents and their insureds.The...
Jun 6 2025 // South Florida residents will likely remember Aaron Hirschhorn, the successful Miami entrepreneur who launched a dog-sitting service then won a big investment for a stem-cell therapy for dogs when he appeared on the...
Jun 30 2025 // A former champion college athlete and aspiring Olympian known for his prowess in track and field events has advanced his lawsuit that blames cannabis retailers for his cannabis-induced psychosis that led to a suicide...
Mar 20 2025 // Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the...
Dec 12 2024 // New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.That measure is one of several options...
May 19 2025 // Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much higher interest rates by not telling them they could move their money to...
Jan 8 2025 // Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris.Gerald L. Maatman, partner at the firm and co-author of...
Apr 2 2025 // The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost...
Jan 6 2025 // The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from former employee Michael Barry.According to a filing in U.S. District...
Jan 30 2025 // James Keating of Paoli, Pennsylvania, has been sentenced to 20 months of imprisonment, followed by three years of supervised release, for defrauding his former employer of more than $1.4 million.Keating was an assistant...
Oct 17 2025 // A Bermuda captive that insured several New York hospitals affiliated with a leading Jewish not-for-profit organization says it is insolvent, citing millions of dollars in child sex abuse claims brought against it under the...
Jul 15 2025 // A Miami homeowner is suing Florida’s Citizens Property Insurance Corp. for forcing him into arbitration over a 2024 damage claim dispute, claiming the process violates due process and equal protection rights.Stainton...
Apr 30 2025 // Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis.If this trend continues, global...