Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
People Moves: Godhwani, Bresnahan Assume New Top Posts at BHSI; Big I’s Flannagan to Retire; Aon Names Merlo as Claims Leader
Mar 24 2022 // Berkshire Hathaway Specialty Insurance Names Top Leaders Berkshire Hathaway Specialty Insurance (BHSI) announced Sanjay Godhwani has been named president, North America region, and David Bresnahan will take on the role of...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms
Mar 24 2022 // Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively been...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia
Mar 22 2022 // Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said. More than 500 planes that are financed or owned by non-Russian...
Aircraft Insurers Brace for Barrage of Russia Claims in Possibly Biggest Aviation Loss
Mar 18 2022 // Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented barrage of claims. Lessors of planes stuck in Russia since the onset of...
Fox News Appeals Defamation Ruling Over Election Claims, Countersues Smartmatic
Mar 18 2022 // Fox News on Thursday appealed a judge’s decision to let voting systems company Smartmatic pursue a $2.7 billion defamation lawsuit alleging that the network falsely accused it of rigging the 2020 U.S. presidential...
No Indictment for NFL Quarterback Over Sex Assault Claims
Mar 15 2022 // A grand jury last week declined to indict Houston Texans quarterback Deshaun Watson following a police investigation sparked by lawsuits filed by 22 women who have accused him of sexual assault and harassment. The grand...
Metal Thieves Swiping Tailpipes Create 1,000% Spike in Claims
Mar 11 2022 // State Farm said Thursday that metal thieves in search of platinum, rhodium and palladium are stealing catalytic converters in ever-greater numbers, sending auto-insurance claims soaring across the U.S. Last year, State...
Russia’s Invasion of Ukraine to Spur More Claims Inflation: Moody’s
Mar 10 2022 // Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility and higher energy prices, Moody’s Investors Services said last...
Insurers Refuse to Pick Up Bill for Billions in Opioid Claims
Mar 8 2022 // A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware Supreme Court ruling in...
Environmental Groups Sue TotalEnergies Over Climate Marketing Claims
Mar 7 2022 // A group of environmental organizations has filed a lawsuit in France against the country’s largest energy company TotalEnergies, accusing it of misleading consumers about its efforts to fight climate change. The...
Judge Approves Fix to Stem Race Bias in NFL Concussion Deal
Mar 7 2022 // Black retired football players who were denied payments for dementia in the NFL’s $1 billion concussion settlement can seek to be retested or have their claims rescored to eliminate racial bias in the testing and...
Medical Access in California Workers’ Compensation Examined
Mar 7 2022 // A new California Workers’ Compensation Institute study shows injured workers’ overall access to medical care for their initial treatment remained relatively consistent between 2010 and 2020. CWCI used data from...
Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
Mar 7 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
Texas Workers’ Comp Division Reports 78K COVID-19 Claims
Mar 4 2022 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) reported more than 78,000 COVID claims and 422 fatalities as of Feb. 6, 2022. DWC’s March report, “COVID-19 In The Texas...
Tennessee Insurance Department Uses Mediation to Settle Claims Disputes, Returns $8M
Mar 4 2022 // The Tennessee Department of Commerce and Insurance returned more than $8 million to policyholders in 2021 through mediation between consumers and insurance companies, the department announced this week. The department...
Property, Motor Vehicle Insurance Claims From Severe Australia Floods at A$900M and Rising
Mar 4 2022 // Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and New South Wales. Based on previous flood events, the Insurance Council of...
Customer Satisfaction Scores Drop for Property Claims: J.D. Power
Mar 4 2022 // J.D. Power says frustration with slower claim cycle times and a rough transition to digital channels contributed to the lowest customer satisfaction score for property claims in five years. Overall customer satisfaction...
Biden’s Supreme Court Nominee Defies Expectations on Employer-Employee Cases
Mar 2 2022 // Labor unions and worker advocates have applauded President Joe Biden’s nomination of Judge Ketanji Brown Jackson for the Supreme Court. Yet a look back at Jackson’s decisions in cases involving business and...
Kansas Court Rules Insurer had No Duty Pay Policy Limit Before Demand Was Made
Feb 28 2022 // A claims adjuster’s sub-standard investigation of a potential fatal accident claim does not warrant a multi-million award of damages against an insurer that issued a policy with a $25,000 limit, the Kansas Court of...
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
Feb 24 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
