Business Insurance
The Indiana Supreme Court last week agreed to decide whether an oil company was entitled to coverage in connection with a ransomware payment under the computer fraud provision in its policy.
Posted: Nov 03, 2020
International Catastrophe Insurance Managers LLC is offering vacant buildings insurance for commercial property owners in 17 states, the specialty catastrophe underwriter said in a statement Monday.
Posted: Nov 03, 2020
With the presidential elections the topic du jour, 83% of American workers have political conversations at work, according to the career blog Zety.
Posted: Nov 03, 2020
French insurer Axa SA said on Tuesday it would inject around €1 billion ($1.2 billion) into its Axa XL unit to strengthen the capital position of a business hit by coronavirus-related claims and costs stemming from natural catastrophes.
Posted: Nov 03, 2020
Twenty-four percent of retail workers surveyed reported having mild anxiety and 8% reported mild depression during the COVID-19 pandemic, according to a study published Friday in Occupational & Environmental Medicine.
Posted: Nov 03, 2020
The Occupational Safety and Health Administration on Friday issued respiratory protection guidance for those working in nursing homes, assisted living and other long-term care facilities.
Posted: Nov 03, 2020
Houston International Insurance Group Ltd. said Tuesday it has hired two directors and officers liability underwriters from American International Group Inc.
Posted: Nov 03, 2020
Houston International Insurance Group Ltd. said Tuesday it has hired a directors and officers liability underwriter from American International Group Inc.
Posted: Nov 03, 2020
CRC Insurance Services Inc. has acquired specialty surplus lines broker and MGA W. Brown & Associates Insurance Services Inc. of Irvine, California, CRC said in a statement Tuesday.
Posted: Nov 03, 2020
A federal judge on Monday said Philadelphia and Baltimore may sue eight big banks for allegedly conspiring to force state and local governments to pay inflated interest rates on a popular type of tax-exempt municipal bond.
Posted: Nov 03, 2020
Bayer AG is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros ($10.82 billion) in impairments on agriculture businesses, much of it related to its Monsanto deal.
Posted: Nov 03, 2020
McKesson Corp. and two other drug distributors could be expected to pay up to $21 billion for the potential settlement of lawsuits alleging the companies fueled the U.S. opioid epidemic, the company said on Tuesday.
Posted: Nov 03, 2020
Research by U.K.-based Premium Credit found that 51% of small and medium-sized firms have stopped buying business insurance policies to reduce costs amid the COVID-19 pandemic.
Posted: Nov 03, 2020
Storm Molave, which hit central Vietnam on Oct. 28, has caused 10 trillion Vietnamese dong ($430 million) worth of damage.
Posted: Nov 03, 2020
Zuhair Al Atout, chief executive of Jordan-based APEX Reinsurance Brokers and Consultancy, said that reinsurers in the Middle East and North Africa region will increase rates and reduce capacity next year amid the COVID-19 pandemic.
Posted: Nov 03, 2020
Insurers' gross written premiums fell 3.8% year-over-year to more than €19 billion ($22 billion) in the first half of 2020 in Central and Eastern Europe.
Posted: Nov 03, 2020
The Turkish province of Izmir has detained nine people in connection with building collapses following the 6.6-magnitude earthquake on Oct. 30.
Posted: Nov 03, 2020
Hurricane Eta is expected to bring life-threatening storm surge and strong winds to Nicaragua and Honduras on Nov. 3.
Posted: Nov 03, 2020
U.K.-based insurance broker PIB Group Ltd. has acquired local counterpart Erskine Murray Insurance Brokers.
Posted: Nov 03, 2020
As more companies use intellectual property as collateral for loans, an insurance market designed to help facilitate the deals is emerging, industry sources say.
Posted: Nov 03, 2020
Cruise operator Royal Caribbean Group said on Monday it would stop all its cruises through the end of the year, extending previous suspensions, as coronavirus infections continue to increase globally.
Posted: Nov 02, 2020
Directors and officers liability insurance pricing increased 67.9% on average in the third quarter for Aon PLC clients, which was a moderation from 74.4% in the second quarter.
Posted: Nov 02, 2020
Davies Group Ltd. has bought Tulsa, Oklahoma-based Johnson Claim Service Inc., the London-based claims management and insurance services firm announced on Monday.
Posted: Nov 02, 2020
CNA Financial Corp. on Monday reported third-quarter net income of $213 million, up from $107 million for the same period in 2019, despite sustaining $160 million in pre-tax net catastrophe losses.
Posted: Nov 02, 2020
Much of the job losses from the nationwide shutdown in March have been recovered, but the recession is likely to continue, affecting employment levels for months or years, according to a report released Monday by the National Council on Compensation...
Posted: Nov 02, 2020