Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
S. African Regulator Says Business Interruption Virus Claims Don’t Pose Systemic Risk
Jul 16 2020 // South Africa’s Prudential Authority expects that business-interruption claims linked to the Covid-19 pandemic poses little systemic risk to the insurance industry. The regulator is in talks with the country’s...
Warning of ‘Trivial’ Suits, Judge Dismisses Cruise Passengers’ COVID-19 Claims
Jul 16 2020 // A federal judge dismissed lawsuits by Grand Princess cruise ship passengers who sued for emotional distress caused by their fear of exposure to COVID-19, saying that allowing their cases to proceed would “lead to a...
Arch Estimates Q2 Catastrophe Losses Could Hit $225M, Which Include Pandemic Claims
Jul 15 2020 // Arch Capital Group Ltd. has estimated a range of pre-tax catastrophe losses of $205 million to $225 million in the second quarter of 2020 across its property casualty insurance and reinsurance segments. Included in these...
California Nursing Home Operator Settling Fraud Claims for $16.7M
Jul 15 2020 // A Los Angeles company that runs 27 nursing homes has agreed to pay $16.7 million to settle allegations of Medicare fraud, the U.S. attorney’s office announced. Longwood Management Corp. didn’t acknowledge any...
California Workers’ Comp Self-Insured Claims Flat in 2019, But Incurred Losses Rose $35M
Jul 13 2020 // California workers’ compensation private self-insured claim frequency was relatively stable in 2019 as the incidence of medical-only and lost-time claims registered only marginal declines after increasing in 2017 and...
Global Insurance Premiums Set to Rebound in 2021 After COVID-Related Dip: Swiss Re
Jul 13 2020 // Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in its latest sigma...
Wrongful Death Suit in California Claims Guard Kept Knee on Man’s Neck
Jul 10 2020 // The parents of a California man who died while being detained on suspicion of trespassing at Sacramento’s basketball arena has filed a wrongful death lawsuit, alleging a security guard kept his knee on the...
Everest Insurance Hires Manger as Head of Casualty Claims in New Jersey
Jul 10 2020 // Everest Insurance has hired Louis Manger as head of Casualty Claims. In this role, Manger will lead all facets of Casualty Claims, including all direct-handled and TPA-administered claims. He will be based in Liberty...
South Africa Regulator Warns Insurers to Stop Broad Rejection of Virus Claims
Jul 10 2020 // A South African regulator warned insurers to stop broadly rejecting claims from businesses seeking to cover losses because of a lockdown to curb the coronavirus. “The Financial Sector Conduct Authority is concerned...
Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE
Jul 9 2020 // The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses...
Minnesota Issues Riot Claims Data Call to Property/Casualty Insurers
Jul 8 2020 // Minnesota’s insurance regulators issued a data call in late June, requesting information from property/casualty insurers in the state about claims filed in the wake of the riots/civil commotion following the killing...
Bayer Agrees to Delay Future Claims Portion of Proposed Roundup Settlement
Jul 8 2020 // Bayer said it had agreed to delay a proposed settlement to deal with future claims relating to allegations that its widely used weedkiller Roundup caused cancer after a U.S. judge questioned the plan. The German company...
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims
Jul 8 2020 // How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance professionals suggested recently, adding more wrinkles to an already...
Insurance Fraud Investigators Ramp Up During Reopening, Even as Claims Volumes Drop
Jul 7 2020 // Fraud inevitably rises after natural disasters and during economic downturns. The COVID-19 pandemic has brought both conditions to the entire globe at once. Fraud-prevention advocates have long been warning about the...
Judge ‘Inclined to Deny’ Part of Bayer Roundup Settlement on Future Claims
Jul 7 2020 // Bayer shares fell more 6% on Tuesday after a U.S. judge questioned part of the German company’s proposed settlement to deal with future claims relating to allegations that its widely used weedkiller Roundup caused...
Lawsuit Claims Racial Discrimination at Frito-Lay Plant in Kansas
Jul 6 2020 // Black employees at the Frito-Lay plant in Topeka, Kansas, were subjected to ongoing racial harassment and discrimination, including hearing racial slurs and being threatened with lynching by white employees, according to a...
The Next Wave of COVID: Agency E&O?
Jul 6 2020 // As many states keep watch for the “next wave” of COVID-19 infections, the insurance industry is keeping watch for the “next wave” of potential claims that could be directed at independent agents. In...
Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering
Jul 6 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...
S. African Insurers Are Pushed to Pay COVID-19 Business Interruption Claims
Jul 2 2020 // Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to 4 billion rand ($232 million), the firm representing the businesses has calculated. Loss adjustment...
Novartis Pharmaceuticals Agrees to Pay $678M to Settle Doctor-Bribe Claims
Jul 2 2020 // Novartis Pharmaceuticals Corp. agreed to pay $678 million to resolve a whistle-blower case accusing the company of paying kickbacks to thousands of doctors who prescribed its drugs and wooing them with lavish dinners and...
