Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Farmers Insurance to Pay $25M in Settlement Over Oklahoma Earthquake Claims
Apr 19 2021 // Oklahoma has reached a $25 million settlement with Farmers Insurance over the company’s handling of earthquake claims, state officials say. Oklahoma Attorney General Mike Hunter and Insurance Commissioner Glen...
The Hartford Offers $650M to Settle Boy Scouts Abuse Claims
Apr 16 2021 // The Hartford disclosed it has agreed to pay $650 million to settle sexual abuse claims against the Boy Scouts of America associated with policies mostly issued in the 1970s. According to the insurer, the agreement is with...
Understanding Florida’s Sweeping New Immunity Law for COVID-19 Claims
Apr 15 2021 // Florida became one of the first states in the country last month to pass and sign into law a statute directed toward providing immunity to businesses for COVID-19 related lawsuits. To be clear, the law does not prevent all...
California Fire Victim Trust Has Received 250K Claims So Far
Apr 14 2021 // The Fire Victim Trust, established to pay California wildfire victims on July 1, 2020, has received 40,000 claims questionnaires representing more than 70,000 claimants and roughly 250,000 individual claims, according to...
Juul Labs Fails to Knock Out Racketeering Claims in Lawsuits About Marketing Conduct
Apr 14 2021 // Juul Labs Inc. failed to knock out racketeering claims in lawsuits accusing it of deliberately targeting teenagers, as individual founders and directors of the e-cigarette maker became the new focus of the litigation. Most...
Church Official Warns of Financial Flood from Clergy Sex Abuse Claims
Apr 12 2021 // A top official with the Archdiocese of Santa Fe says a financial flood from clergy sex abuse claims is coming and a settlement would serve as the dam to prevent devastation to parishes across northern New Mexico. A letter...
Is It Covered?: A Flood of Uncovered Claims
Apr 6 2021 // On a recent insurance social media page, an agent was looking for a market for a $2 million home that had experienced a $540,000 plumbing leak claim and the carrier had nonrenewed. A few weeks earlier, another agent had...
Oklahoma, Farmers Insurance Reach $25M Settlement Over Earthquake Claims
Apr 5 2021 // Oklahoma has reached a $25 million settlement with Farmers Insurance over the company’s handling of earthquake claims, state officials say. Oklahoma Attorney General Mike Hunter and Insurance Commissioner Glen...
Gallagher Bassett Services Acquires Terrier Claims Services, MT Investigations
Apr 5 2021 // Arthur J. Gallagher & Co.’s risk management services subsidiary, Gallagher Bassett Services Inc. (GB), has acquired Pleasantville, New York-based Terrier Claims Services Inc. (TCS) and its affiliate, MT...
Report: Texas Work Comp Insurers See More than 44K COVID-19 Claims by Mid-February
Apr 1 2021 // An updated report on workers’ compensation claims in Texas related to COVID-19 shows that as of Feb, 14, 2021, insurance carriers reported more than 44,000 COVID-19 claims and 200 fatalities to the state’s...
Suez Blockage Claims Expected to Hike Marine Reinsurance Rates, Says Willis Re
Apr 1 2021 // The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters. Formal...
What The Telecommuting Trend Could Mean for Florida Workers’ Comp Claims
Apr 1 2021 // As companies continue to adapt to COVID-19, it is evident that one of the long-lasting effects of the novel coronavirus will be the increased number of permanent work from home accommodations. According to a recent Gallup...
Judge Lets Massachusetts Claims Over Uber, Lyft Driver Classification Proceed
Mar 26 2021 // A Massachusetts judge on Thursday denied a bid to dismiss a lawsuit by the state’s attorney general challenging Uber’s and Lyft’s classification of drivers as independent contractors instead of employees...
Insurers of Container Ship Aground in Suez Canal Face Millions in Claims
Mar 25 2021 // LONDON – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on...
Boston Scientific Settles States’ Surgical Mesh Device Marketing Claims for $189M
Mar 24 2021 // Boston Scientific Corp. agreed to pay $188.7 million to settle claims by most U.S. states that it deceptively marketed its surgical mesh devices to consumers. The settlement with 47 states and Washington, D.C. was...
Steinhoff International’s Insurers Agree to Pay $93 Million for Directors’ Liability Claims
Mar 23 2021 // Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as 78.1 million euros ($93 million) toward legal settlements resulting from a 2017...
Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service
Mar 22 2021 // The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by...
Greensill Capital Creditors, Led by Softbank, Submit More Than $1.4 Billion in Claims
Mar 19 2021 // SYDNEY – Thirty-four creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, submitted over A$1.75 billion ($1.35 billion) in claims to the company, administrators said...
Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims
Mar 11 2021 // Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who should foot the...
FEMA: 87% of Federal Flood Claims from Hurricane Laura Closed in Louisiana
Mar 5 2021 // The majority of National Flood Insurance Program claims in Louisiana stemming from Hurricane Laura, which hit the state in August 2020, have been closed. FEMA says the NFIP has closed 87% of the 1,227 claims submitted and...
