Business Insurance
AmTrust Financial Services Inc. and Employers Holdings Inc. have been added to two commercial insurance quoting platforms.
Posted: Oct 14, 2020
Guy Carpenter & Co. LLC, the reinsurance business of Marsh & McLennan Cos., has launched a new business unit, GC Access, focused on a dedicated managing general agent programs.
Posted: Oct 14, 2020
Marsh LLC said Wednesday it named Katherine Keefe, formerly Beazley PLC’s head of breach response services, to the new position of U.S. cyber incident management leader.
Posted: Oct 14, 2020
Arch Capital Group Ltd. said Tuesday that 2020 third-quarter pretax catastrophe losses will range from $190 million to $210 million, including estimates of $10 million to $15 million for exposure to COVID-19 claims, across its property/casualty insur...
Posted: Oct 14, 2020
Autopsy, airway suctioning and cardiopulmonary resuscitation are among the list of medical procedures that pose the greatest risk of spreading COVID-19 from a patient to their health care provider, according to research published Wednesday in the j...
Posted: Oct 14, 2020
PeerWell Inc., a San Francisco-based remote musculoskeletal recovery platform for injured workers, on Tuesday announced a partnership with Coventry Healthcare to offer custom care solutions to injured workers facing surgery.
Posted: Oct 14, 2020
Twitter Inc. suffered from cybersecurity shortfalls that enabled a “simple” hack attributed to a Florida teenager to take over the accounts of several of the world's most famous people in July, according to a report released Wednesday.
Posted: Oct 14, 2020
FM Global has combined its Canadian, forest products and chemical industries businesses into a single division, the Johnston, Rhode Island insurer said Tuesday.
Posted: Oct 14, 2020
Only 28% of participants in the air cargo industry feel they are well prepared to distribute a COVID-19 vaccine once available, according to a survey released Wednesday, as the industry begins to gear up for a major logistical challenge.
Posted: Oct 14, 2020
Canadian property/casualty insurer Intact Financial Corp. has rebranded its specialty businesses, including OneBeacon Insurance Group Ltd., as Intact Insurance Specialty Solutions, the Toronto-based company said Wednesday.
Posted: Oct 14, 2020
Negotiations between U.A.E. insurers and global reinsurers indicate hardening of rates at the January reinsurance renewals.
Posted: Oct 14, 2020
German trade union Verdi said that thousands of workers at seven Amazon.com Inc.'s fulfillment centers went on strike Oct. 13 over working conditions and wages on the website’s “Prime Day.”
Posted: Oct 14, 2020
Insured losses to onshore properties from Hurricane Delta will range from $1 billion up to $3 billion, catastrophe risk modeling firm AIR Worldwide, part of Verisk Analytics Inc., said Wednesday.
Posted: Oct 14, 2020
Insured losses to onshore properties from Hurricane Delta will range from $1 billion up to $3 billion, catastrophe risk modeling firm AIR Worldwide, part of Verisk Analytics Inc., said Wednesday.
Posted: Oct 14, 2020
U.S.-based Allied Insurance has requested the high court in the Maldives to delay an order to pay 340 million Maldive rufiyaa ($22 million), saying it could jeopardize its ongoing viability.
Posted: Oct 14, 2020
The European Insurance and Occupational Pensions Authority has urged the insurance sector to prepare and implement contingency plans ahead of Dec. 31, the end of the Brexit transition period.
Posted: Oct 14, 2020
Richard Chattock, chief executive of U.K.-based venture capital firm Insurtech Gateway, said that parametric insurance is expected to grow in areas where indemnity insurance struggle to provide adequate protection.
Posted: Oct 14, 2020
Australia-based QBE Insurance Group Ltd. plans to launch an insurer to provide tailored products for small and medium enterprises.
Posted: Oct 14, 2020
Media firm Singapore Press Holdings Ltd. posted its first-ever net loss of $83.7 million in the year ended Aug. 31, compared with a profit of $213.2 million in the previous year, as the COVID-19 pandemic severely disrupted all its segments.
Posted: Oct 14, 2020
Shortages of personal protective equipment — particularly N95 masks — persist as the pandemic rages on, making health care organizations choose between saving masks or complying with U.S. Occupational Safety and Health Administration fit-testing guid...
Posted: Oct 14, 2020
General Motors Co. on Tuesday filed an appeal with the 6th Circuit Court of Appeals in Cincinnati, seeking reinstatement of its racketeering lawsuit against Fiat Chrysler Automobiles NV.
Posted: Oct 13, 2020
A California appeals court on Tuesday listened to arguments by lawyers for Uber Technologies Inc., Lyft Inc. and the state of California about whether the state can recognize their drivers as employees with the right to minimum wage, overtime pay, he...
Posted: Oct 13, 2020
Axis Capital Holdings Ltd. on Tuesday estimated its third-quarter preliminary net loss for catastrophes and other events at $190 million to $220 million after-tax.
Posted: Oct 13, 2020
The president of AF Group’s Accident Fund Insurance Company of America will retire, effective Feb. 1, 2021, the Lansing, Michigan-based insurer announced Monday.
Posted: Oct 13, 2020
A beer distributor whose supply was spoiled when Walt Disney Co. refused delivery because of the pandemic shutdown cannot be compensated for business interruption losses under its insurance coverage, a federal district court ruled.
Posted: Oct 13, 2020