Business Insurance
CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyberattack last month paralyzed activity. France-based CMA CGM first reported the incident on Sept 28, saying it had shut down ac...
Posted: Oct 12, 2020
The United States Olympic and Paralympic Committee said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry Nassar sexual abuse scandal.
Posted: Oct 12, 2020
Drugmaker Mallinckrodt filed for bankruptcy protection on Monday, saddled with lawsuits alleging it helped fuel the U.S. opioid epidemic.
Posted: Oct 12, 2020
Lloyd’s of London is reviewing the way insurance products are designed and sold as it calls for simpler products in response to the coronavirus pandemic, the commercial insurance market said on Monday.
Posted: Oct 12, 2020
Swiss Re and carmaker Daimler announced a joint automotive and mobility insurance venture on Monday, seeking to tap into a wealth of new data generated by highly automated vehicles to help insurers to calculate risk.
Posted: Oct 12, 2020
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Posted: Oct 12, 2020
Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and the sector’s risks.
Posted: Oct 09, 2020
The widow of an Iowa cookie factory worker who died after his arms were pulled into a sizing roller failed to show negligence on the part of coworkers to clear the exclusive remedy bar of the state Workers Compensation Act.
Posted: Oct 09, 2020
Shareholders have filed a putative class-action securities lawsuit charging Royal Caribbean Cruises Ltd. and its corporate officers with securities law violations in connection with the COVID-19 pandemic.
Posted: Oct 09, 2020
Fast-growing brokerage AssuredPartners Inc. on Friday announced that President and Chief Operating Officer Thomas E. Riley will be its next CEO, effective Jan. 1, 2021.
Posted: Oct 09, 2020
Seventy-year-old truck driver Jeffrey Janson took on four side jobs while out on a workers compensation injury that garnered him more than $141,500 in benefits — resulting in his second workers comp fraud conviction in 10 years, the Ohio Bureau of Wo...
Posted: Oct 09, 2020
Sedgwick Claims Management Services Inc. on Friday named John Stanzi president of casualty operations for the Americas.
Posted: Oct 09, 2020
Arch Capital Group Ltd. will acquire Watford Holdings Ltd. for approximately $622 million, Arch said in a statement Friday.
Posted: Oct 09, 2020
Few things get readers’ attention like news of rising commercial rates. Every line of coverage — even workers compensation for the first time in over five years — saw rate increases in the third quarter, according to a report from online insurance ex...
Posted: Oct 09, 2020
AccuRisk Solutions LLC has acquired the renewal rights and run-off services of Great American Insurance Group’s book of Texas non-subscription business, the managing general underwriter announced Thursday.
Posted: Oct 09, 2020
Insulating cladding attached to the outside of the building was possibly responsible for spreading the fire that ripped through a 33-storey tower block in the South Korean city of Ulsan.
Posted: Oct 09, 2020
A report by A.M. Best Co. Inc. said that lower asset valuations in the first quarter, a result of the economic fallout triggered by the pandemic, is expected to cut into the solvency levels of Bahraini insurers.
Posted: Oct 09, 2020
Data from Russia-based cyber security firm Kaspersky Lab ZAO showed that Kenya, Nigeria and South Africa saw a surge in cyber attacks in the first eight months of the year.
Posted: Oct 09, 2020
Australian insurance-linked securities investors want to see risk-adjusted improvements at the January renewals and not just rate increases.
Posted: Oct 09, 2020
Data from the National Bank of Ukraine showed that local insurers' gross written premiums declined 23% year-over-year to 21 billion Ukrainian hryvnia ($735 million) in the first half of 2020.
Posted: Oct 09, 2020
The Michigan Supreme Court ruled that Gov. Gretchen Whitmer did not have the authority to issue emergency orders during the COVID-19 pandemic, including making it easier for first responders and health care workers who contract COVID-19 to obtain wor...
Posted: Oct 08, 2020
Axa XL, a unit of Axa SA, on Thursday announced a slew of appointments across its Americas region leadership.
Posted: Oct 08, 2020
Sedgwick Claims Management Services on Thursday named Andrea Buhl president of managed care operations.
Posted: Oct 08, 2020
Pathpoint Inc., which describes itself as a digital wholesaler for excess and surplus lines insurance, officially launched Thursday.
Posted: Oct 08, 2020
WestCongress Insurance Holdings LLC on Thursday named Steven H. Kerr president and CEO.
Posted: Oct 08, 2020