Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Two Oil Tankers Lose Safety Certification Over Claims They Violated Iran Sanctions
Jan 21 2022 // Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations by a U.S. advocacy group that they had shipped cargoes of Iranian oil,...
Appeals Court Clears The Hartford on Most BP Oil Spill Cleanup Workers’ Injury Claims
Jan 20 2022 // Navigators Insurance, part of The Hartford, does not have to cover most medical and injury claims from 2,000 workers who cleaned beaches after the 2010 BP oil spill in the Gulf of Mexico, a federal appeals court decided...
Report: California Workers’ Comp Virus Claims Spiked During December Surge
Jan 19 2022 // California workers’ compensation COVID-19 claim volume continues to track with the state’s fluctuating infection trends, as the latest monthly count of COVID workers’ comp claims jumped 172% in December...
Florida Power & Light Class Action Opens Door to Subrogation, Future Storm Claims
Jan 18 2022 // A Miami judge’s certification of a lawsuit against Florida’s largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane Irma, could...
Florida Lawsuit Charges United P&C With RICO Violations in Widespread Claims Denials
Jan 14 2022 // In the ongoing war between restoration companies and insurers in Florida, contractors suing carriers in assignment-of-benefits claims is nothing new. And insurers have long argued that some construction firms are colluding...
Update: Credit Suisse Files 5 Insurance Claims Related to Greensill-Linked Funds
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...
Global Life Insurers Adapt Pandemic Risk Models After Unexpected Jump in Claims
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...
‘Game Changer’: Florida Supreme Court Ruling Could Chill Punitive Damages Claims
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...
Florida Claims Litigation Drops Again in December
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...
No Need for Experts in Claims Litigation: Just Use Google Earth, Florida Bill Says
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...
Florida OIR Says Claims Info Data Call Coming Early Next Year
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...
In Bad-Faith Claims, Florida Appeals Court Scores One for Insurer, One Against
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...
Charles Taylor Acquires Kentucky-based Underwriters Safety & Claims
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...
COVID-19 Claims of $44B Are 3rd Largest Catastrophe Loss: Howden
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...
Morgan Stanley Files $60 Million Proposed Settlement of Data Breach Claims
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...
2022 Means More Claims Data From Florida Insurers, Notification on Surplus Lines
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...
Federal Appeals Court Revives Libor-Rigging Claims Against Big Banks
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’...
Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021
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...
Medical Boards Under Pressure to Discipline Doctors Pushing False Covid-19 Claims
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...
Are Too Many Comp Claims Being Opposed? Some Major Employers Think So
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...
