Business Insurance
Rajesh Pant, national cybersecurity coordinator with the Indian government, said that the country lost $6 trillion due to cyber attacks in the first nine months of the year.
Posted: Oct 16, 2020
U.S.-based A.M. Best Co. Inc. said that Lebanon-based insurer Al Ittihad Al Watani (L'Union Nationale) Societe Generale D'Assurances du Proche Orient remains largely insulated from a rise in domestic economic, political and financial risks.
Posted: Oct 16, 2020
A survey by U.K.-based Chartered Insurance Institute found that the Financial Conduct Authority's test case for non-payment of COVID-19 pandemic-related business interruption claims has weakened trust in the insurance sector.
Posted: Oct 16, 2020
How should innovation influence your risk management approach? Learn more about where we at Liberty are focusing our efforts and explore four ways we’re putting innovation in action.
Posted: Oct 16, 2020
Business Insurance on Thursday named the 2020 winners of its annual Women to Watch awards program.
Posted: Oct 15, 2020
Business Insurance on Thursday named the 2020 winners of its annual Women to Watch awards program.
Posted: Oct 15, 2020
Marsh named Carolina Klint to managing director, risk management leader, continental Europe earlier this month.
Posted: Oct 15, 2020
A man who sustained chemical burns to his feet while performing work on the premises of a client company cannot pursue his negligence claims against the client because he’s barred by the exclusivity provision of the state’s Workers Compensation Act.
Posted: Oct 15, 2020
Stability is a common theme in pre-COVID-19 workers compensation medical treatment cost trends across 18 states studied by the Workers Compensation Research Institute, according to a report released Thursday.
Posted: Oct 15, 2020
The workers compensation market continues to remain steady and competitive, despite dire predictions at the beginning of the pandemic, according to a study released Thursday by Marsh LLC. However, presumption laws, payroll drops and shifting employee...
Posted: Oct 15, 2020
Axa SA said Thursday it has completed the sale of its Central and Eastern Europe businesses to Austria-based UNIQA Insurance Group AG for Euro 1.0 billion ($1.17 billion) in cash.
Posted: Oct 15, 2020
Aspen Insurance Holdings Ltd. on Thursday named longtime Hiscox Ltd. executive Tony Rai as head of claims for both Aspen Insurance UK Ltd. and Aspen Managing Agency Ltd.
Posted: Oct 15, 2020
Curi – a Medical Mutual Co. said Wednesday that Jason Sandner, its chief operating officer and chief financial officer, will become CEO in July 2021 when current CEO Dale Jenkins steps down.
Posted: Oct 15, 2020
Alera Group Inc. said Thursday that it has acquired Gordon Atlantic Insurance Agency.
Posted: Oct 15, 2020
Oklahoma Insurance Commissioner Glen Mulready on Wednesday approved a 9.6% decrease in workers compensation insurance loss costs for 2021. Workers comp loss costs have decreased every year for the past decade, marking a 54% decrease in loss costs sin...
Posted: Oct 15, 2020
Sedgwick Claims Management Services Inc. has named Elizabeth Francy Demaret to the newly created position of president of specialty solutions, the third-party administrator announced Thursday.
Posted: Oct 15, 2020
A contracted truck driver who was attacked by a paper company employee in a warehouse can’t sue the company for negligence, as the exclusive remedy provision bars the statutory employee from suing following a workplace injury, an appeals court in Mis...
Posted: Oct 15, 2020
South Korea-based export credit insurer The Korea Trade Insurance Corp. has failed to recoup around 1.4 trillion South Korean won ($1.2 billion) in local exporters' losses.
Posted: Oct 15, 2020
A massive fire has destroyed Austria-based ski manufacturer Fischer Sports GmbH's Mukachevo factory in Ukraine.
Posted: Oct 15, 2020
U.S.-based data analytics firm Verisk Analytics Inc.'s unit Property Claim Services Inc. has expanded its global marine & energy service to cover Gulf of Mexico for elemental loss events.
Posted: Oct 15, 2020
The Croatian Insurance Bureau said that local insurers' gross written premiums fell more than 1.4% year-on-year to surpass 8 billion Croatian kuna ($1.25 billion) in September.
Posted: Oct 15, 2020
Willis Towers Watson PLC on Thursday said it has partnered with nine insurers to offer a new real estate program providing expanded property and liability coverages for several industries.
Posted: Oct 14, 2020
Insurance leaders around the globe are continuing to find creative ways to prioritize diversity and inclusion initiatives despite the collective social distancing brought about by the pandemic.
Posted: Oct 14, 2020
NetDiligence has filed suit against A.J. Gallagher & Co., charging its communicable disease coverage was not renewed because of the actions of an inexperienced broker and Gallagher’s inefficient procedures.
Posted: Oct 14, 2020
NetDiligence has filed suit against A.J. Gallagher & Co., charging its communicable disease coverage was not renewed because of the actions of an inexperienced broker and Gallagher’s inefficient procedures.
Posted: Oct 14, 2020