Dutch Insurer NN Group’s H1 Profit Slips on Impact of Storm Claims

NN Group’s core profit fell 12.1% year-on-year in the first half of 2022, the Dutch insurer said on Thursday, citing the impact of weather events and the sale of its asset management arm. Operating profit came in at 983 million euros ($1.01 billion) in the first six months of the year, down from 1.12 billion … Read more

Florida Claims Litigation Dropped in July, but AOB Share Continues to Rise

New You can now listen to Insurance Journal articles! 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 litigation management software firm reported. For Florida’s 16 largest … Read more

Iowa Metal Manufacturer Settles $500,000 False Claims Act Lawsuit

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 certified test results over seven years. Wellman Dynamics, a Creston company that manufactures large metal castings used by military contractors including … Read more

Dual in $822,000 claims dispute with aged care provider – Daily – Insurance News

NSW-based St George Aged Care has filed a suit in the Federal Court to recoup substantial advice fees under a Dual Australia policy after health authorities demanded it appoint an adviser to address compliance failures during a covid outbreak, or risk withdrawal of government subsidies. St George alleges Dual declined to indemnify $821,776 in adviser … Read more

Admiral Sees Cost of Motor Claims Running High in Britain and U.S.

New You can now listen to Insurance Journal articles! 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 turbulent cycle.” Motor insurers did well during the initial stages … Read more

County gets dismissal of claims for wrongful death, exemplary damages

A Texas appellate court on Friday ruled that a county was entitled to dismissal of a widow’s claims for damages under the Wrongful Death Act and for exemplary damages under the Workers’ Compensation Act for an employee’s alleged work-related death. Lorenzo Ramirez worked for the Hudspeth County Sheriff’s Office. He allegedly suffered a fall while … Read more

Zero-tolerance approach to any kind of medical treatment claims fraud: Govt

Use of artificial intelligence and machine learning is made for a comprehensive fraud analytics solution to detect fraud pro-actively, develop algorithms that can be used on large volume of data to identify suspect transactions and entities and risk scoring of hospitals and claims, Lok Sabha was informed on Friday. Ayushman Bharat-Pradhan Mantri … Read more

Twitter rejects Musk’s claims he was hoodwinked

(Reuters) — Twitter Inc. 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 it was “implausible and contrary to fact.” Mr. Musk made the claims in a countersuit filed under seal last Friday, which was made public Thursday. “According to Musk, … Read more

Phones to dentures: insurer shares top 10 contents claims – Daily – Insurance News

Mobile phones, glasses and laptops are the items New Zealanders are most likely to misplace, damage or lose to thieves, contents claims data shared by IAG brand State Insurance NZ reveals. Rounding out the list of New Zealand’s most claimed for contents were jewellery, appliances, furniture, hearing aids, bikes, carpets – and dentures. “Dentures snuck … Read more