Business Insurance
U.S.-based electric vehicle maker Tesla Inc. has recalled around 30,000 imported vehicles in China because of suspension issues.
Posted: Oct 26, 2020
Paul Hanratty, chief executive of South Africa-based Sanlam Ltd., said that the insurer is focusing on its home market and plugging holes from its acquisition of Morocco-based counterpart Saham Finance SA as it tries to boost returns.
Posted: Oct 26, 2020
American International Group Inc., in settling a tax shelter lawsuit, has agreed to disallow more than $400 million in tax credits and to the imposition of a 10% tax penalty for allegedly entering into sham transactions designed to generate bogus for...
Posted: Oct 23, 2020
A lawyer who was successfully sued by a former legal assistant for intentional infliction of emotional distress and sexual harassment failed his appeal in attempting to apply the exclusivity provision of the Massachusetts Workers’ Compensation Act as...
Posted: Oct 23, 2020
Swiss Re Capital Markets has placed $775 million of annual aggregate indemnity coverage against residential home earthquake damage for the California Earthquake Authority via two catastrophe bond issues by Ursa Re II Ltd., a Bermuda-based special pur...
Posted: Oct 23, 2020
The U.S. Equal Employment Opportunity Commission said Friday it has filed suit against a Colorado nursing home operator for tolerating its female employees’ sexual harassment.
Posted: Oct 23, 2020
The Securities and Exchange Commission said Thursday it has awarded more than $114 million to a whistleblower, a record amount.
Posted: Oct 23, 2020
Your child gets stuck in a television set and a tree busts through a window to invade your house in an attempt to grab your other child, not to mention a bedroom closet transforms into some slimy portal to hell — all because your home was built on a...
Posted: Oct 23, 2020
The increase in facility costs for hospital emergency room visits has “significantly” outpaced medical inflation, with facility costs growing approximately three times faster than the hospital outpatient producer price index, according to an analysis...
Posted: Oct 23, 2020
Washington state is following California’s lead by developing workplace safety and health rules regarding wildfire smoke, the state’s Department of Labor & Industries announced Wednesday.
Posted: Oct 23, 2020
The New York Workers Compensation Board has proposed a rule to add stress disorders to the state’s medical treatment guidelines, according to Wednesday’s New York State Register of proposed rulemaking.
Posted: Oct 23, 2020
The Louisiana National Guard was called in to stop a series of cyberattacks aimed at small government offices across the state in recent weeks, according to two people with knowledge of the events, highlighting the cyber threat facing local governmen...
Posted: Oct 23, 2020
Munich Re Specialty Insurance has launched tailored cyber and technology errors and omissions coverages with limits of up to $10 million, designed to protect U.S.-based organizations with domestic and/or global exposure.
Posted: Oct 23, 2020
AssuredPartners Inc. has acquired J. Matsock & Associates Inc. of Naperville, Illinois, Assured said in a statement Friday.
Posted: Oct 23, 2020
A rare victory by policyholders in COVID-19-related business interruption litigation tops this week’s news. Meanwhile, earnings season is underway, with Travelers Cos. Inc. posting a higher third-quarter profit, and W.R. Berkley Corp. reporting a dec...
Posted: Oct 23, 2020
Hong Kong's Securities and Futures Commission has fined U.S.-based Goldman Sachs Group Inc. $350 million for its role in the now-defunct sovereign wealth fund 1Malaysia Development Berhad's bribery scandal.
Posted: Oct 23, 2020
France-based information technology company Sopra Steria Group SA suffered a cyber attack on Oct. 20, which encrypted portions of its network.
Posted: Oct 23, 2020
A report by Japan-based The Toa Reinsurance Co. Ltd. said that local nonlife insurers' premiums grew nearly 3% year-over-year to 8.6 trillion Japanese yen ($82 billion) in the financial year ended March 31.
Posted: Oct 23, 2020
A report by France-based investigative journalism organization Disclose said that the country’s largest dairy firm, Groupe Lactalis SADIR, has been polluting the country's waterways over the past decade,
Posted: Oct 23, 2020
The Canadian province of Ontario has introduced a legislation to protect businesses and their employees from COVID-19 pandemic-related liability lawsuits.
Posted: Oct 23, 2020
A 6.0-magnitude earthquake hit northern Chile on Oct. 21 and caused light to moderate damage.
Posted: Oct 23, 2020
Walmart Inc. said on Thursday it had filed a lawsuit against the federal government, seeking clarity on the roles and legal responsibilities of pharmacists and pharmacies in filling opioid prescriptions.
Posted: Oct 23, 2020
Italy's tax police raided the offices of state railway Ferrovie dello Stato (FS) and Generali to gather documents in a probe related to the awarding of contracts to the Italian insurer, a document seen by Reuters on Friday showed.
Posted: Oct 23, 2020
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs on Thursday published a Request for Information on federal contractor and subcontractor’s diversity training, as required by the executive order issued by President Trump i...
Posted: Oct 22, 2020
Taiwanese contract chipmaker United Microelectronics Corp. said on Thursday it hoped a business espionage lawsuit brought by the U.S. Department of Justice against the company could be settled soon.
Posted: Oct 22, 2020