Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Florida Claims Litigation Dropped in July, but AOB Share Continues to Rise
Aug 11 2022 // The volume of claims litigation in Florida rose in June then declined in July by almost the same amount. But the share of cases that are assignment-of-benefits claims rose to the highest level since early 2021, a...
Iowa Metal Manufacturer Settles $500,000 False Claims Act Lawsuit
Aug 11 2022 // A southwest Iowa company that makes metal castings used by military contractors in helicopters and other equipment has reached a settlement in a lawsuit alleging the company failed to test the castings and falsely...
Admiral Sees Cost of Motor Claims Running High in Britain and U.S.
Aug 10 2022 // The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said on Wednesday, after the company posted a 48% fall in pretax profit due to a “more...
5 Ways to Avoid Disability Discrimination Claims
Aug 10 2022 // This post is part of a series sponsored by IAT Insurance Group. Workplace disability claims were the most commonly reported type of discrimination in 2020, with 24,324 claims filed. During that year alone, companies within...
Twitter Rejects Musk’s Claims That He Was Hoodwinked
Aug 5 2022 // Twitter Inc. on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to...
Louisiana Insurers Have Paid $13.1 Billion on Ida Claims
Aug 4 2022 // Louisiana insurers have paid or reserved to pay $13.1 billion on Hurricane Ida claims through June 30, 2022, the state’s department of insurance announced this week. Policyholders have filed 460,709 claims of all...
Louisiana Insurance Guaranty Association Tabs Verisk for Streamline Claims Handling
Aug 4 2022 // The Louisiana Insurance Guaranty Association (LIGA) announced it is is streamlining its handling of claims for policyholders of insolvent insurers with advanced property estimating technology from Verisk. LIGA is using...
FDIC Urges Banks to Police Misleading Crypto Claims on Deposit Insurance
Aug 1 2022 // A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which of their funds will be insured by the government in case of collapse, and which have no safety...
In Global Claims Report, Allianz Notes Rising Business Interruption Costs
Aug 1 2022 // The number of contingent business interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...
Louisiana Guaranty Fund to Borrow $600 Million to Pay Claims
Aug 1 2022 // A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021’s Hurricane Ida. The Times-Picayune ‘The New Orleans Advocate’ reports that the...
Texas Claims Adjuster Ordered to Cease Business in Louisiana for Allegedly Withholding Payments
Jul 29 2022 // Investigators from the Office of Insurance Fraud and Enforcement at the Louisiana Department of Insurance on July 22 issued non-resident public adjuster Kade Austen Mitchell and his agency a cease-and-desist order and...
Barclays Hit With Race Discrimination Claims in London
Jul 29 2022 // Barclays Plc was hit with three discrimination claims in London from Black bankers who accused the lender and colleagues of treating them unfairly because of their race, after they raised concerns about internal business...
Director of 9/11 Fund Picked to Estimate Cost of J&J Talc Claims
Jul 29 2022 // The lawyer who oversaw payments to victims of the Sept. 11 terrorist attacks will be appointed by a federal judge to estimate the total liability that Johnson & Johnson faces for claims that talc in its baby powder...
State Farm Settles Alabama Class Action Charging it Underpaid Claims
Jul 29 2022 // Did State Farm Insurance employ a clever device to reduce its payout – sometimes to zero – on thousands of property claims in Alabama? The insurance company has denied underpaying claims and other wrongdoing, but has...
Allianz Notes Rising Business Interruption Costs in Global Claims Report
Jul 22 2022 // The number of contingent business-interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...
Florida OIR: $3B Spent on Claims Defense in 2021; 27 Insurers Now on Watch List
Jul 21 2022 // In 2021, Florida’s domestic property insurers spent more than $3 billion on legal defense costs and containment – double the figure reported in 2016. That’s one jaw-dropping but not surprising takeaway from...
Michigan Utility Denies Flooding Claims from 2021 Storm
Jul 21 2022 // A Detroit-area water utility said Tuesday that it will deny flooding claims stemming from a damaging storm last summer based on an independent review that found the flooding was caused by the amount of rainfall and not a...
Lost Luggage Claims Jump 30% Compared to Pre-Pandemic Levels: Mapfre
Jul 20 2022 // The number of travelers reporting stranded luggage this summer jumped 30% from 2019, according to Spanish insurer Mapfre SA. More bags are going missing as short-staffed airports and airlines struggle to keep up with...
Meta VR Rival Claims It Was Obliterated When Facebook Took Its Name
Jul 19 2022 // A Meta Platforms Inc. rival claims in a federal trademark infringement lawsuit that its business has been obliterated after Facebook adopted its name. Closely held MetaX LLC said since October 2021, when Facebook rebranded...
Louisiana Guaranty Fund to Borrow $600 Million to Pay Claims
Jul 19 2022 // A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021’s Hurricane Ida. The Times-Picayune ‘ The New Orleans Advocate reports that the Louisiana...
