Business Insurance

Zurich launches business travel insurance product

Zurich North America on Monday announced a new business travel accident insurance solution that can help employers protect their traveling employees in the event of a health emergency.

Posted: Oct 13, 2020

IMA hires former Marsh exec for new Houston practice

Energy brokerage IMA Financial Group Inc. on Tuesday named former Marsh LLC executive Ricky Bryan executive vice president and director of its newly opened practice in Houston.

Posted: Oct 13, 2020

COVID-19 presumption bills covering school workers introduced

Minnesota lawmakers with both chambers on Monday introduced identical legislation that would make COVID-19 an occupational disease arising​ out of and in the course of employment.

Posted: Oct 13, 2020

Former Lockton exec teams on new energy broker

Former Lockton Cos. LLC broker Bill Kost has teamed with Jatin Sharma and Brandon Statton from Bechtel to form Nardac Risk and Insurance Services, a specialist insurance broker serving the renewable energy, conventional power, infrastructure and tran...

Posted: Oct 13, 2020

Energy, infrastructure insurance broker launches

Nardac Risk and Insurance Services, a specialist broker focused on renewable energy, conventional power, infrastructure and transport, launched on Tuesday.

Posted: Oct 13, 2020

Most commercial rates rise in Q3: Ivans

Average premium renewal rates increased across most commercial lines of business in the third quarter, according to insurance exchange Ivans Insurance Services, a division of Tampa-based Applied Systems Inc.

Posted: Oct 13, 2020

Ill-planned robbery scene got carried away: lawsuit

Freeze! Nobody move! This is really bad television production planning.

Posted: Oct 13, 2020

U.S. Supreme Court to hear challenge to influential patent court

The U.S. Supreme Court on Tuesday agreed to decide whether more than 100 technology disputes must be reheard because judges were unconstitutionally appointed to a U.S. Patent and Trademark Office tribunal in a case arising from a medical device paten...

Posted: Oct 13, 2020

Hurricane Delta insured losses pegged at close to $1.25 billion

Insured losses to onshore properties from Hurricane Delta will be close to $1.25 billion, Boston-based catastrophe modeler Karen Clark & Co. said in a statement Tuesday.

Posted: Oct 13, 2020

Storm causes more than $3 billion damage

Aon PLC's unit Impact Forecasting LLC said storm Alex that struck France and Italy recently caused more than $3 billion worth of damage, making it the costliest catastrophe to hit Europe so far this year.

Posted: Oct 13, 2020

Software firm cyber attackers demand $23 million ransom

Hackers have asked for a ransom of $23 million from Germany-based Software AG after stealing employee information and company documents.

Posted: Oct 13, 2020

Insurers fear pandemic-fueled bankruptcies

The Association of the German Insurance Industry has warned of a wave of bankruptcies as a result of the COVID-19 pandemic.

Posted: Oct 13, 2020

Cargo theft surpasses $100 million in first half

More than €85 million ($100.4 million) worth of products was stolen from air, road, sea and rail freight supply chains in 46 countries in the Europe, Middle East & Africa region in the first half of the year.

Posted: Oct 13, 2020

Severe weather outlook from October to April

Australia's Bureau of Meteorology has issued a "severe weather outlook" from October to April for bushfires, heatwaves, floods, cyclones and storms.

Posted: Oct 13, 2020

Premiums fall 4% in Oman in first half

A report by U.A.E.-based actuarial consulting firm Badri Management Consultancy said that Omani insurers' gross written premiums fell 4% year-over-year to 218 million Omani rial ($565 million) in the first half of 2020.

Posted: Oct 13, 2020

COVID-19 prompts organizations to rethink enterprise risks

The COVID-19 pandemic is causing organizations to reevaluate how they manage enterprise risks, experts say.

Posted: Oct 13, 2020

Widow not entitled to benefits for death 12 years after injury

The widow of a corrections officer failed to show that a workplace injury 12 years earlier was causally related to his heart failure and subsequent death.

Posted: Oct 12, 2020

Munich Re unit names former Zurich exec chief underwriting officer

Munich Re Specialty Insurance, the primary insurance unit of Munich Reinsurance Co., has named Elizabeth Kramer chief underwriting officer.

Posted: Oct 12, 2020

Odyssey not obligated to defend courier service

An Odyssey Group Holdings Inc. unit is not obligated to defend a courier service being sued for failing to reimburse its delivery drivers for employment-related expenses under the terms of its coverage, says a federal appeals court, in affirming a lo...

Posted: Oct 12, 2020

NFP buys British brokerage ER Shaw

NFP Corp. acquired British broker Ernest R. Shaw Ltd. on Sept. 1, in a deal that expands its footprint in the European market, NFP said in a statement Monday.

Posted: Oct 12, 2020

Aspen Re taps former Axis Re exec for casualty role

Aspen Re taps former Axis Re exec for casualty role

Posted: Oct 12, 2020

Meter reader with six dogs at home claims dog bite caused PTSD

A meter reader in Cathlamet, Washington, claimed she could not go back to work because of a dog bite and subsequent post-traumatic stress disorder was found to have six dogs at home and a different diagnosis — malingering — according to her doctor.

Posted: Oct 12, 2020

Bill would make COVID-19 compensable for warehouse workers

Lawmakers in New Jersey on Thursday introduced legislation that would make a COVID-19 infection compensable for workers in warehouses or distribution centers during a public health emergency declared by an executive order of the governor.

Posted: Oct 12, 2020

Insurer seeks dismissal of COVID-19 suit filed by McDonald’s, franchisees

An insurer has filed a motion to dismiss a lawsuit filed by McDonald’s Corp. and two of its franchisees over the insurer’s refusal to defend them in COVID-19 litigation filed by the fast-food chain’s employees.

Posted: Oct 12, 2020

English pub, night club group plans legal action over shutdowns

A group of English pub and night club owners plans to mount a legal challenge if the British government announces that hospitality and entertainment venues in northern England need to shut down to tackle the spread of COVID-19.

Posted: Oct 12, 2020