Business Insurance
In a victory for insurers, a unanimous Delaware Supreme Court overturned a lower court ruling Friday and held that costs associated with a stock appraisal sought by shareholders in connection with a merger are not insurable under directors and office...
Posted: Oct 26, 2020
Prosecutors in the German city of Stuttgart have dropped a market manipulation investigation into former Volkswagen chief executive Martin Winterkorn, deferring to a criminal case against him in the city of Braunschweig.
Posted: Oct 26, 2020
China’s top cyber authority said on Monday it would carry out a “rectification” of Chinese mobile internet browsers to address what it called social concerns over the “chaos” of information being published online.
Posted: Oct 26, 2020
The U.S. Occupational Safety and Health Administration has cited more than 100 companies with proposed penalties totaling more than $1.6 million for COVID-19 violations, the agency announced Friday.
Posted: Oct 26, 2020
A bartender suffering from anxiety after a head injury violated workers compensation law in New York by selling clothing online while out on disability, but her actions did not warrant a permanent disqualification of benefits, an appeals court in New...
Posted: Oct 26, 2020
NFP Corp. on Monday named Tracy Stopford, a former executive at Willis Towers Watson PLC, and Kara Tencellent, a former executive at Coverys, as managing directors of its property/casualty specialty team.
Posted: Oct 26, 2020
The workers compensation market is likely to remain strong despite the economic challenges of the pandemic, but underwriting performance is likely to decline in 2021 and continue to fall, according to a report released Friday by Fitch Ratings.
Posted: Oct 26, 2020
Uncertainty surrounding the COVID-19 pandemic and its economic fallout has driven the U.S. commercial insurance market into a “recalibration,” Arthur J. Gallagher & Co. said Monday in a fall insurance market update.
Posted: Oct 26, 2020
Leaving behind gambling debt is one thing, but dying without life insurance? Now that’s something to be ashamed about, according to the lifestyles news site Muse by Clio, reporting on a life insurance startup’s latest ad campaign.
Posted: Oct 26, 2020
McDonald’s Corp. on Friday urged a U.S. judge to dismiss a lawsuit by dozens of Black former franchise owners who accused the fast-food giant of racial discrimination for selling them underperforming stores, saying it did not want them to fail and ne...
Posted: Oct 26, 2020
Berkshire Hathaway Specialty Insurance Co. has hired Renee Yozzi, former director of strategic and enterprise risk management at Benjamin Moore & Co., to lead the insurer’s customer and broker engagement efforts for the Eastern United States.
Posted: Oct 26, 2020
India-based pharmaceutical firm Dr Reddy's Laboratories Ltd. suffered a cyber attack on Oct. 22 and temporarily shutdown production across its key plants.
Posted: Oct 26, 2020
Trinh Dinh Dung, deputy prime minister of Vietnam, said that floods over the past two weeks have caused the worst damage in five years.
Posted: Oct 26, 2020
Japan-based airline ANA Holdings Inc. expects to report a record net loss of around 500 billion Japanese yen ($4.8 billion) for the year ended March 31, 2021, after the COVID-19 pandemic battered travel demand.
Posted: Oct 26, 2020
Italy's tax police raided the office of insurer Assicurazioni Generali SpA on Oct. 23 to gather documents in a probe related to the awarding of contracts to Generali.
Posted: Oct 26, 2020
U.S.-based electric vehicle maker Tesla Inc. has recalled around 30,000 imported vehicles in China because of suspension issues.
Posted: Oct 26, 2020
Paul Hanratty, chief executive of South Africa-based Sanlam Ltd., said that the insurer is focusing on its home market and plugging holes from its acquisition of Morocco-based counterpart Saham Finance SA as it tries to boost returns.
Posted: Oct 26, 2020
American International Group Inc., in settling a tax shelter lawsuit, has agreed to disallow more than $400 million in tax credits and to the imposition of a 10% tax penalty for allegedly entering into sham transactions designed to generate bogus for...
Posted: Oct 23, 2020
A lawyer who was successfully sued by a former legal assistant for intentional infliction of emotional distress and sexual harassment failed his appeal in attempting to apply the exclusivity provision of the Massachusetts Workers’ Compensation Act as...
Posted: Oct 23, 2020
Swiss Re Capital Markets has placed $775 million of annual aggregate indemnity coverage against residential home earthquake damage for the California Earthquake Authority via two catastrophe bond issues by Ursa Re II Ltd., a Bermuda-based special pur...
Posted: Oct 23, 2020
The U.S. Equal Employment Opportunity Commission said Friday it has filed suit against a Colorado nursing home operator for tolerating its female employees’ sexual harassment.
Posted: Oct 23, 2020
The Securities and Exchange Commission said Thursday it has awarded more than $114 million to a whistleblower, a record amount.
Posted: Oct 23, 2020
Your child gets stuck in a television set and a tree busts through a window to invade your house in an attempt to grab your other child, not to mention a bedroom closet transforms into some slimy portal to hell — all because your home was built on a...
Posted: Oct 23, 2020
The increase in facility costs for hospital emergency room visits has “significantly” outpaced medical inflation, with facility costs growing approximately three times faster than the hospital outpatient producer price index, according to an analysis...
Posted: Oct 23, 2020
Washington state is following California’s lead by developing workplace safety and health rules regarding wildfire smoke, the state’s Department of Labor & Industries announced Wednesday.
Posted: Oct 23, 2020