Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Confident Russia Vows to Shoulder Some of the Legal Liability of Its COVID-19 Vaccine
Sep 23 2020 // Russia is so confident in its COVID-19 vaccine that it will shoulder some of the legal liability should anything go wrong, rather than requiring buyers to take on the full risk, the head of the state fund bankrolling the...
Davies Acquires Massachusetts’ TriPlus Service in North American Expansion
Sep 22 2020 // Davies, a specialist professional services and technology business, has acquired TriPlus Service Inc, a long-term care insurance third party administrator (TPA) based in Massachusetts. TriPlus provides its long-term care...
FCA to Insurer CEOs: Don’t Delay in Paying Valid COVID Business Interruption Claims
Sep 21 2020 // In a follow-up to the High Court’s ruling on coronavirus-related business interruption claims by businesses, the UK’s Financial Conduct Authority (FCA) is advising insurers that they must pay all valid claims...
The Role Insurance Plays in Civil Rights Settlements Against Law Enforcement
Sep 21 2020 // Municipalities, their insurers and risk pools should be heeding the current public re-examination of police and prosecutorial actions taking place across the country, according to an insurance policyholder attorney who...
Agents Warned of ‘Creative’ Attorneys and COVID-19 Lawsuits
Sep 21 2020 // Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants...
New York Charges Johnson & Johnson with Insurance Fraud Over Opioid Claims
Sep 18 2020 // New York state filed civil charges on Thursday accusing Johnson & Johnson of insurance fraud for downplaying the risks of opioid painkillers, including to doctors and elderly patients. Governor Andrew Cuomo said the...
What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’
Sep 18 2020 // Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a...
Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals
Sep 18 2020 // Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions into casualty reinsurance contracts next year, a reinsurance broker representative revealed...
Gallagher Bassett Transportation Creates Major Case Unit for Claims
Sep 18 2020 // Gallagher Bassett Services Inc. (GB), based in Rolling Meadows, Ill., has launched the GB Transportation Major Case Unit (MCU), a claims handling center that focuses solely on clients’ most severe, complex and high...
Florida’s Citizens Urges Insureds to Avoid Fraud, Scams After Hurricane Sally
Sep 18 2020 // In an effort to help insureds avoid falling victim to scams and abuse, as well as to speed up the claims process, Citizens Property Insurance Corp. is urging its policyholders to “Call Citizens First” as they...
Bayer Settles More U.S. Claims Over Weedkiller Roundup
Sep 17 2020 // Bayer AG has settled thousands of U.S. Roundup weed killer lawsuits as part of an $11 billion settlement, reaching deals with the only lawyers who took cases to trial over allegations the herbicide caused cancer. In...
Lawsuit Claims EPA Has Failed to Enforce Chesapeake Bay Pollution Caps
Sep 16 2020 // The Environmental Protection Agency has failed to ensure that Pennsylvania and New York are doing enough to reduce pollution that flows from farms and cities into the Chesapeake Bay, according to a lawsuit filed on...
Study Tracks Post-Reform Trends in California Workers’ Comp Medical Service
Sep 15 2020 // The average number of visits for evaluation and management and physical medicine services in the California workers’ compensation system has continued to edge down since the enactment of the sweeping reform law SB...
London Court Rules Some Insurers Should Not Have Denied Business Interruption Claims
Sep 15 2020 // London judges have ruled that some of the world’s biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, Britain’s Financial Conduct Authority...
Coronavirus Pandemic Will Have Severe Impact on Social Inflation: Fitch’s Mazzuoli
Sep 15 2020 // Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has led the insurance...
Virginia’s Kinsale Capital Group Hires Beachy as Executive VP, Chief Claims Officer
Sep 14 2020 // Kinsale Capital Group Inc. has hired Mark J. Beachy as executive vice president and chief claims officer, effective October 5, 2020. Beachy will succeed Ann Marie Marson, who served as chief claims officer since August...
Major UK Ruling on Business Insurance for COVID-19 Claims Expected Tuesday
Sep 14 2020 // Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is set to rule Tuesday in a case involving about 370,000 policyholders, companies including Zurich Insurance Group...
New York’s Preferred Mutual Hires Raue as Senior Vice President of Claims
Sep 11 2020 // Preferred Mutual Insurance Company has hired Michelle Raue as senior vice president of claims. In this role, Raue will be responsible for building the vision and executing the strategy to deliver an innovative and...
Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase
Sep 11 2020 // Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as a result of hefty coronavirus claims and low interest rates. The good news for companies,...
Summer Storms Bring Alberta’s Tab for Severe Weather Insurance Claims to $2 Billion
Sep 11 2020 // Severe weather events have hit Alberta hard over the spring and summer months. Four events from April to August brought the insured damage total for natural catastrophes in the province to $2 billion, based on surveys from...
