Business Insurance
Heavy rains in the last 10 days in the Indian state of Telangana have caused 86.3 billion Indian rupees ($1.2 billion) worth of damage to crops.
Posted: Oct 27, 2020
German insurer Talanx AG is acquiring Italian nonlife insurer Amissima Assicurazioni SpA from parent firm Amissima Holdings Srl.
Posted: Oct 27, 2020
U.S.-based electric vehicle maker Tesla Inc. has said that there is no defect with its Model S and Model X suspension and China is forcing an unnecessary recall.
Posted: Oct 27, 2020
Australia-based QBE Insurance Group Ltd. has appointed Richard Pryce as interim group chief executive.
Posted: Oct 27, 2020
Police data revealed that cyber attacks on U.K. businesses increased 31% year-over-year in May and June.
Posted: Oct 27, 2020
Environmental activists have said that stranded Venezuelan oil tanker Nabarima threatens to spill 1.3 million barrels in the Caribbean region.
Posted: Oct 27, 2020
A report by the World Bank Group said that rapid urbanization and economic development can intensify natural disaster risks for Vietnam's coastline and wipe billions of dollars over the next decade.
Posted: Oct 27, 2020
Amid a polarizing and fiercely fought presidential election campaign, several issues of concern to the property/casualty insurance industry could be influenced by the final result.
Posted: Oct 27, 2020
U.S. coal baron Robert Murray, an ally of President Donald Trump and a leading industry voice who called global warming a hoax, died on Sunday at age 80, U.S. media reported.
Posted: Oct 26, 2020
American International Group Inc. on Monday announced that Peter Zaffino would become CEO of the insurer effective March 1, 2021, replacing Brian Duperreault who will become executive chairman.
Posted: Oct 26, 2020
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