Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Metal Shredder to Pay $875K to Settle Rhode Island Air Pollution Claims
Aug 14 2020 // A company that shreds scrap metal has agreed to pay the largest fine ever imposed under Rhode Island’s air pollution rules. Under a legal settlement announced Wednesday, Sims Metal Management will pay $875,000 and...
Mercedes-Benz Maker Daimler to Pay Nearly $3 Billion to Settle U.S. Diesel Claims
Aug 14 2020 // Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat...
Swiss Re Builds Risk Scoring System, Aiming to Reward Safe Cars with Lower Premiums
Aug 14 2020 // A car owner should be able to pay lower insurance premiums for driving a car with safety features, such as automated braking that stops the car when the driver is distracted or lane keep assist systems that help prevent a...
New York Regulator Takes Action to Expedite Isaias-Related Insurance Claims
Aug 13 2020 // The New York State Department of Financial Services (DFS) has taken action to help expedite the payment of insurance claims for New Yorkers affected by Tropical Storm Isaias. As the storm moved through the eastern portion...
UK Auto Insurer Admiral Reinstates Special Dividend as Claims Drop During Lockdown
Aug 12 2020 // Insurer Admiral reinstated its special dividend on Wednesday as it reported a jump in first-half earnings, the latest car insurer to benefit from a slump in claims as coronavirus lockdowns kept Britons off the road in...
COVID-19 a Growing Share of Shrinking Work Comp Claims in 2 States
Aug 11 2020 // COVID-19 has become a large chunk of a dwindling number of workers’ compensation claims in Florida and California, limited data shows. The number of COVID-19 workers’ compensation claims reported in California...
Chubb Names Lupica President, North America; Krump Vice Chair, Global Underwriting, Claims
Aug 10 2020 // Global insurer Chubb announced appointments to two new executive positions. Chubb has named John Lupica as president of North America Insurance, the company’s largest division. Lupica is currently vice chairman,...
Berkshire Insurance Units Hold Their Own While Pandemic Slams Other Buffett Firms
Aug 10 2020 // Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses including Precision Castparts aircraft parts, the BNSF railroad, Occidental Petroleum Corp., Kraft...
S. Africa’s Regulator to Clarify Policyholders’ Rights in Pandemic Insurance Claims
Aug 7 2020 // South Africa’s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether insurers should pay rejected claims from firms hit by the impact of the coronavirus,...
D.C. Judge Rules For Insurer, Dismisses Restaurants’ Business Interruption Claims
Aug 7 2020 // The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus. In a case brought by the owner of several restaurants...
U.S. Eyes $13 Billion of Claims in Purdue Pharma Opioid Probes: Reuters
Aug 5 2020 // U.S. prosecutors are pursuing possible penalties of nearly $13 billion to resolve investigations of OxyContin maker Purdue Pharma after uncovering evidence of criminal and civil misconduct stemming from the company’s...
UK Insurer Direct Line’s H1 Profits Beat Forecasts as Auto Claims Drop During Lockdown
Aug 4 2020 // Insurer Direct Line gave a double bonus to shareholders on Tuesday as first-half profits beat expectations due to a slump in motor claims as Britons drove less during the coronavirus lockdown. Britain’s biggest car...
UK Regulator Warns Insurers to Fairly Calculate COVID-Related Biz Interruption Claims
Aug 4 2020 // Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face action by Britain’s markets watchdog. The Financial Conduct Authority (FCA) has...
Insurer Hiscox Reserves $232 Million for Coronavirus-Related Claims in First Half
Aug 3 2020 // Hefty payouts for sports events and holidays canceled due to the coronovirus crisis helped send insurer Hiscox deep into the red on Monday and pummeled its shares to their lowest in more than two months. The company, which...
AstraZeneca Gets Protection from Future Product Liability Claims for COVID Vaccine
Aug 3 2020 // AstraZeneca has been granted protection from future product liability claims related to its COVID-19 vaccine hopeful by most of the countries with which it has struck supply agreements, a senior executive told...
The Importance of Forensic Accounting to Future Hurricane BI Claims
Jul 30 2020 // As a licensed general contractor and a certified public accountant in South Florida who has been advising clients in accounting- and construction-related issues for the past 15 years, I have seen hurricane seasons come and...
Colonial Claims Appoints Cerasuolo as Chief Executive Officer
Jul 29 2020 // Colonial Claims, an independent insurance claims service company, has appointed John Cerasuolo as its new chief executive officer. Cerasuolo will work on Colonial’s executive management team, and will serve alongside...
Aspire in California Promotes Nicholson in Marketing, Names Hinkle Chief Claims Officer
Jul 28 2020 // Aspire General Insurance in Rancho Cucamonga, Calif. has promoted Tyler Nicholson to vice president of marketing and Brad Hinkle to chief claims officer. Nicholson joined Aspire in 2016. He was previously with Vertafore,...
Workers’ Compensation Rates Won’t Be Adjusted for Coronavirus Experience This Year
Jul 27 2020 // The workers’ compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice president and...
Indivior to Pay $600M to Settle Claims of Deceptive Marketing of Opioid Treatment
Jul 27 2020 // Indivior Plc has agreed to pay $600 million and have a subsidiary plead guilty to a felony charge to resolve U.S. allegations that it engaged in an illegal scheme to boost prescriptions of its opioid addiction treatment...
