Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
Allianz Global Corporate & Specialty Restructures to ‘Regain Profitability’
Jul 1 2020 // Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain profitability and market leadership in the corporate and specialty...
Even With $11 Billion Settlement, Bayer Still Has 30,000 Claims to Roundup
Jun 26 2020 // While Bayer AG said it took a major step toward wrapping up litigation over its Roundup weedkiller with a settlement of almost $11 billion, the company still faces about 30,000 unresolved cancer claims that could cost...
Bayer Gambles on Science to Let It Keep Selling Roundup, Mitigate Future Claims
Jun 25 2020 // FRANKFURT/NEW YORK— Seeking to forestall further claims, Bayer AG is taking a risky bet that an independent scientific review will ultimately show that its widely used weed killer Roundup does not cause cancer, legal...
Bayer to Settle 100,000 Roundup Weedkiller Cancer Claims for $10.9 Billion
Jun 24 2020 // FRANKFURT/NEW YORK- Bayer AG, after more than a year of talks, agreed to pay as much as $10.9 billion to settle close to 100,000 U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving...
Lyft Settles Disabled Discrimination Claims in California
Jun 24 2020 // Lyft Inc. has agreed to settle allegations that it violated federal law when some of its drivers refused to give rides to people using folding walkers or collapsible wheelchairs in the Los Angeles area, the U.S....
Prime Property & Casualty Insurance Inc. Provides Partnership Approach to the Commonwealth of Massachusetts Commercial Auto Market
Jun 24 2020 // Chicago, IL, June 24, 2020 – Prime Property & Casualty Insurance Inc. (“PPCI”) has announced its debut into the Commonwealth of Massachusetts commercial auto market as an admitted carrier specializing...
Global Risk Solutions Hires Wiswell, Daneman as Executive General Adjusters
Jun 23 2020 // Global Risk Solutions Inc., a provider of claims adjusting and environmental risk management solutions, has expanded its marine claims capabilities with the addition of two claims executives. Peter Wiswell and Joe Daneman...
There’s Plenty of Room for Improvement in U.S. Commercial Lines: Fitch
Jun 22 2020 // With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for...
Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering
Jun 22 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...
Insurer Counters Income Loss Claims by Arguing Restaurants Operated Takeout Service
Jun 18 2020 // An insurer fighting business income claims from restaurants is arguing in part that there is no coverage because businesses were allowed to provide takeout and delivery service during lockdowns. Society Insurance, based in...
Arkansas AG Sues TV Pastor Bakker over Virus Treatment Claims
Jun 17 2020 // Arkansas’ attorney general has sued Missouri-based TV pastor Jim Bakker over his promotion of a product falsely touted as a cure for the illness caused by the coronavirus. Attorney General Leslie Rutledge filed the...
Investors’ Suit Alleges Firm Inflated Stock with Misleading Claims About Its Covid Test
Jun 17 2020 // An investor lawsuit against a Utah company alleges its principals falsely claimed its coronavirus diagnostic test was “100% accurate” and before doubts about the claim became widely reported, directors and...
Reassuring Customers Part of Job for Minnesota Agent in Aftermath of Riots
Jun 15 2020 // Dan Gutlovics did a lot of virtual hand holding during the first days of the violent protests in Minneapolis and St. Paul following the death of George Floyd while in the custody of Minneapolis police on May 25. Gutlovics,...
The Debate Between Business Owners, Insurers Over Business Interruption Claims Continues
Jun 15 2020 // As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities...
How COVID-19 Will Change Insurance Sales
Jun 15 2020 // An agent who is a client of mine asked me, “Do you really think any business owner is truly happy with their agent or insurance company today?” Good question. Having to tell the public over and over and over,...
McLarens Acquires Energy Claims Specialist LWI in London
Jun 12 2020 // Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters. McLaren purchased the...
South Africa Regulator Probes Insurance Contracts Over Unpaid COVID-19 BI Claims
Jun 12 2020 // A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected. One outcome from the process could include an order from the Financial...
Some Question Insurers’ Estimates of Coronavirus Business Interruption Claims
Jun 12 2020 // U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has warned it could cost...
How Coronavirus Could Further Stress an Already-Stressed D&O Insurance Market
Jun 12 2020 // Players should expect the directors and officers insurance market to “undergo radical changes” based on 2019 results and the “unprecedented turbulence” created by the COVID-19 pandemic, according to...
New York Charges Drugmaker Endo with Insurance Fraud Over Opioid Claims
Jun 11 2020 // New York state filed civil charges on Wednesday accusing Endo International Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, adding fuel to the nation’s opioid crisis. Governor...
