Business Insurance
The United States and Britain on Monday condemned what they said were a litany of malicious cyberattacks orchestrated by Russian military intelligence, including attempts to disrupt next year's Olympic and Paralympic Games in Tokyo.
Posted: Oct 19, 2020
CRC Insurance Services Inc., the wholesale brokerage business of Truist Insurance Holdings Inc., said Monday that Mike Brennan will succeed Ron Helveston, who is retiring, as CEO, commercial solutions, effective Jan. 1, 2021.
Posted: Oct 19, 2020
Modeling under the names “Tuff As Nailz” and “The Black Widow Bettie,” a former Washington state police chief is accused of illegally collecting over $67,000 in workers compensation benefits while working as a pinup model, according to the New York P...
Posted: Oct 19, 2020
The U.S. Occupational Safety and Health Administration on Friday announced that it has as of Oct. 8 cited 85 establishments for violations relating to COVID-19 safety measures, resulting in proposed penalties totaling $1.2 million.
Posted: Oct 19, 2020
Rep. Scott Peters, D-California, and Rep. Andy Barr, R-Kentucky, on Friday introduced bipartisan legislation that would eliminate National Flood Insurance Program subsidies for new construction in flood-prone areas.
Posted: Oct 19, 2020
Michigan Gov. Gretchen Whitmer issued an emergency rule on Friday reinstating a rebuttable presumption for first responders and health care workers in the state who contract COVID-19.
Posted: Oct 19, 2020
Chinese companies could face 400 billion Indian rupees ($5.4 billion) of losses during Diwali, the Indian festival of lights, as the Indian traders' community boycott the sale of Chinese goods.
Posted: Oct 19, 2020
Japan-based Tokio Marine & Nichido Fire Insurance Co. Ltd. has expanded its partnership with catastrophe modeling firm Risk Management Solutions Inc. to get data and technology-based risk view across all perils and markets.
Posted: Oct 19, 2020
Data from the Turkish Exporters Assembly showed that Saudi Arabia's ban on imports from Turkey could lead to a sharp decline of Turkish exports to Arab countries.
Posted: Oct 19, 2020
A report by the British Standards Institution and U.K.-based TT Club Mutual Insurance Ltd. said that South Africa ranks among the top countries in the world for cargo theft.
Posted: Oct 19, 2020
U.K.-based Steamship Mutual Underwriting Association Ltd. has set up a new insurer in Cyprus to service its clients all over Europe following Brexit.
Posted: Oct 19, 2020
The U.K. Met Office has issued a yellow weather warning for heavy rains on Oct. 19 and 20 in Newry, Enniskillen and Omagh in Northern Ireland.
Posted: Oct 19, 2020
Insurance analysts have said that insurance penetration in Nigeria could rise to nearly 3.7% in the next 10 years from the present 0.06% if the technological infrastructure and data availability improves
Posted: Oct 19, 2020
“Insurance Legend Cuts Second Album” is not a headline most of us thought we’d ever see, but here we are.
Posted: Oct 16, 2020
A roustabout failed to show that an oil rig owner was negligent when he injured his back moving a washing machine on the rig’s platform.
Posted: Oct 16, 2020
There were 578 COVID-19 workers compensation indemnity claims in Florida in September, down from 2,469 in August, both steep drops from the all-time high of 7,445 in July, according to a report released Friday by the state’s Department of Financial S...
Posted: Oct 16, 2020
Insurance industry third-quarter catastrophe losses are expected to be the largest since the third quarter of 2017, but insurers and reinsurers are “largely well-positioned” to absorb them, Fitch Ratings Inc. said Thursday in a brief.
Posted: Oct 16, 2020
Only 2% of COVID-19 of whistleblower complaints filed with the U.S. Occupational Safety and Health Administration have been resolved, according to analysis released last week by the National Employment Law Project.
Posted: Oct 16, 2020
U.S. refiner Andeavor LLC agreed to pay $20 million in penalties to the Securities and Exchange Commission for inadequate controls over a stock buyback plan it executed while it was in talks to be bought by Marathon Petroleum Corp. in 2018.
Posted: Oct 16, 2020
The announcement of Business Insurance’s 2020 Women to Watch has drawn the most reader interest this week. Several stories about COVID-19 litigation also made the Top 10.
Posted: Oct 16, 2020
Britain's data protection watchdog said on Friday it has fined British Airways PLC £20 million - its biggest such penalty to date - for failing to protect data that left more than 400,000 of its customers' details the subject of a 2018 cyber attack.
Posted: Oct 16, 2020
Germany-based Allianz SE has signed an agreement to acquire Kenyan insurer Jubilee Holdings Ltd.'s nonlife operations in Kenya, Tanzania and Uganda for 10.8 billion Kenyan shillings ($100 million).
Posted: Oct 16, 2020
A survey found that U.K. businesses are at an increased risk of cyber attacks because of challenges posed by large-scale remote working.
Posted: Oct 16, 2020
Heavy rains and floods since Oct. 5 have killed 40 people and caused widespread damage in Vietnam.
Posted: Oct 16, 2020
Insurance broker Nexus Group has partnered with U.S.-based Crum & Forster Specialty Insurance Co. and Ireland-based Hamilton Insurance DAC to set up a credit and political risk insurance platform in London.
Posted: Oct 16, 2020