Business Insurance
The U.S. National Security Agency is rebuffing efforts by a leading Congressional critic to determine whether it is continuing to place so-called back doors into commercial technology products, in a controversial practice that critics say damages bot...
Posted: Oct 28, 2020
A workers compensation insurer does not have to reimburse an injured cable installer’s $24,268 in medical cannabis expenses for chronic pain relief because Massachusetts’ medical marijuana law states that insurers do not have to cover the drug, the S...
Posted: Oct 28, 2020
Chubb Ltd. benefited from a continuously improving commercial property/casualty pricing environment in the third quarter, Chairman and CEO Evan Greenberg told analysts Wednesday after the insurer reported higher profit and growth in net premium writt...
Posted: Oct 28, 2020
Indonesian businessman Benny Tjokrosaputro has been sentenced to life imprisonment for stock manipulation that led to more than $1 billion in losses at insurer PT Asuransi Jiwasraya.
Posted: Oct 28, 2020
Switzerland-based Chubb Ltd.'s net profit increased 9% year-over-year to nearly $1.2 billion in the third quarter of 2020 despite significant catastrophe claims.
Posted: Oct 28, 2020
A report by Morocco's Insurance and Social Security Supervisory Authority said that overall premiums increased 4.6% year-over-year to 27.3 billion Moroccan dirham ($3 billion) in the first half of 2020.
Posted: Oct 28, 2020
U.K.-based insurance broker Coverys European Holdings Ltd. has completed the acquisition of Italian counterpart Bridge Insurance Broker Srl.
Posted: Oct 28, 2020
Storm Zeta, which hit Mexico's Yucatan Peninsula on Oct. 26, is forecast to pass east of oil firm Petroleos Mexicanos' platforms off the coast of Campeche and Tabasco states.
Posted: Oct 28, 2020
Three insurers accounted for 87% of premiums in the Japanese nonlife insurance sector in the year ended March 31.
Posted: Oct 28, 2020
Israel-based Eilat Ashkelon Pipeline Co. Ltd. and five of its current and former senior executives could stand trial over their alleged role in the spill of five million liters of crude oil in southern Israel in 2014.
Posted: Oct 28, 2020
Data from Indonesia's Financial Services Authority showed that local insurers' premiums fell 6% year-on-year to nearly 176.3 trillion Indonesian rupiah ($12 billion) in August.
Posted: Oct 28, 2020
Just as national news networks continue to speculate who will prevail in this year’s presidential election, employers and health and safety experts are hypothesizing what the U.S. Occupational Safety and Health Administration would look like under a...
Posted: Oct 28, 2020
A former police captain who went on to work for eBay Inc. pleaded guilty on Tuesday to participating in a cyberstalking campaign against a Massachusetts couple whose online newsletter was viewed as critical of the e-commerce company.
Posted: Oct 27, 2020
The U.S. Environmental Protection Agency will allow farmers for the next five years to spray crops with a Bayer AG weedkiller whose sales were blocked by a U.S. appeals court in June, Administrator Andrew Wheeler said on Tuesday.
Posted: Oct 27, 2020
The different earnings prospects of the life insurance and property/casualty sectors, long-term trends in the insurance industry and the dilution of various tax benefits all likely played a role in American International Group Inc.’s decision announc...
Posted: Oct 27, 2020
Net written premium in the workers compensation industry for 2019 calendar year dipped slightly from the prior year to $42 billion for private insurers, according to a report released Monday by the National Council on Compensation Insurance.
Posted: Oct 27, 2020
A securities litigation lawsuit has been filed against a title insurance company and two of its officers in connection with a 2019 data breach.
Posted: Oct 27, 2020
Oilfield workers seeking overtime pay for the time it takes to put on and take off their protective clothing can proceed with their lawsuit despite the dismissal of their expert’s testimony, a federal appeals court said Monday in overturning a lower...
Posted: Oct 27, 2020
Delaware Insurance Commissioner Trinidad Navarro announced Tuesday that workers compensation insurance rates will decrease for the fourth year in a row, with the voluntary market seeing an average 11.56% reduction and residual market rates decreasing...
Posted: Oct 27, 2020
A New York appeals court on Thursday reversed a state board’s denial of a workers comp claim from a claims examiner who was injured while carrying boxes of yet-to-be-assembled office furniture that were delivered to his home for work use.
Posted: Oct 27, 2020
The Nevada Division of Industrial Relations’ Nevada Occupational Safety and Health Administration announced Monday that it has issued COVID-19 workplace safety-related citations to three event venues, including two related to a Sept. 12 rally in Las...
Posted: Oct 27, 2020
Brown & Brown Inc. on Monday reported third-quarter revenue of $674.0 million, up 8.9% from the year-earlier period as rates continued to rise amid the pandemic.
Posted: Oct 27, 2020
Swedish security firm Gunnebo AB said on Tuesday it was in contact with customers after hackers had released sensitive information about their accounts after its system was compromised two months ago.
Posted: Oct 27, 2020
When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong.
Posted: Oct 27, 2020
The Vermont Captive Insurance Association’s 2021 annual conference, slated to be held in Burlington in August, will be a virtual event.
Posted: Oct 27, 2020