Business Insurance
A federal appeals court Wednesday affirmed a lower court ruling in a Berkshire Hathaway Inc. unit’s favor in a dispute over a late claim filed under a nonprofit’s claims-made directors and officers liability insurance policy.
Posted: Aug 17, 2023
A jury should decide whether oil rig workers are entitled to be paid for the time they spend changing into and out of protective gear, a federal appeals court ruled Wednesday, in overturning a lower court.
Posted: Aug 17, 2023
The Liberty Company Insurance Brokers Inc. said Thursday it completed a $340 million refinancing on July 31 and plans further acquisitions.
Posted: Aug 17, 2023
AssuredPartners Inc. said Thursday it has promoted Brian Bair to retail president of the East region and Todd Stocksdale to retail president of the West.
Posted: Aug 17, 2023
Six percent of workers with compensation claims for COVID-19 developed long COVID, according to a study released Thursday by the Workers Compensation Research Institute.
Posted: Aug 17, 2023
Luxurious, shiny and pink, with that hip California aesthetic, insurance insiders can only wonder: how much would it cost to insure Barbie’s glamorous lifestyle?
Posted: Aug 17, 2023
The U.S. Occupational Safety and Health Administration said Wednesday it cited an Arkansas sawmill operator following a February workplace fatality.
Posted: Aug 17, 2023
Oakbridge Insurance Agency LLC said Thursday it has acquired Cole Agency Inc.
Posted: Aug 17, 2023
A Florida appellate court on Wednesday overturned a workers compensation judge’s decision allowing comp benefits for a rental car company employee who was shot during a shift.
Posted: Aug 17, 2023
Aon PLC’s digital platform CoverWallet announced Thursday a collaboration with Cover Whale Insurance Solutions Inc. to make Cover Whale products accessible through CoverWallet.
Posted: Aug 17, 2023
Axa XL, a unit of Axa SA, on Thursday named Vito Raimondi head of its U.S. Central zone, effective Aug. 21.
Posted: Aug 17, 2023
India’s government has asked state-owned insurers to make changes to their strategies to increase their market share that continues to decline compared with private-sector players, Asia Insurance Review reported citing Economic Times. The government...
Posted: Aug 17, 2023
Insurers listed on the Tunis Stock Exchange recorded a 4.6% year-on-year growth in aggregate gross written premiums to 757 million Tunisian dinars ($244.6 million) in the first half of this year, Middle East Insurance Review reported. La Societe Tuni...
Posted: Aug 17, 2023
Mutual marine insurer The Swedish Club delivered a profit of $16 million and a combined ratio of 98% for the first half of the year, as its insurance portfolio continues to develop strongly in terms of both volumes and quality, Hellenic Shipping News...
Posted: Aug 17, 2023
The Building and Energy division of the Department of Mines, Industry Regulation and Safety in Western Australia has sued state government-owned electricity provider Western Power Corp., alleging that its power lines sparked a major bushfire in Wheat...
Posted: Aug 17, 2023
Brazil-based reinsurance company IRB (Re), formerly known as IRB Brasil Re, has posted an underwriting profit of 35.4 million Brazilian real ($7.1 million) in the second quarter of this year, compared with an underwriting loss of $661 million in the...
Posted: Aug 17, 2023
U.K.-based insurer Aviva PLC’s general insurance business posted a 12% year-on-year increase in gross written premiums to £5.27 billion ($6.7 billion) in the first half of this year, Reinsurance News reported. The insurer’s total operating profit inc...
Posted: Aug 17, 2023
Commercial insurance premiums increased by 8.9% in the second quarter of 2023, up slightly from an 8.8% hike in the first quarter, according to the Council of Insurance Agents & Brokers’ latest pricing survey released late Wednesday.
Posted: Aug 16, 2023
Specialty insurer The Fortegra Group Inc. on Wednesday said that former Liberty Mutual Insurance Co. executive Edward Peña has been named chief financial officer, effective Aug. 28, 2023.
Posted: Aug 16, 2023
A corrections officer isn’t entitled to an increase in workers compensation benefits received for injuries suffered in a 2002 preplanned prison attack, the California Court of Appeals ruled Monday.
Posted: Aug 16, 2023
Among the most popular casualties in an Iowa school district's move to ban books were “The Handmaid’s Tale” by Margaret Atwood, “Beloved” by Nobel Prize winner Toni Morrison (pictured) and “The Kite Runner” by Khaled Hosseini.
Posted: Aug 16, 2023
The U.S. Department of Labor said Tuesday that it reached a settlement with a former New York contractor cited after a worker died in a trench collapse in Brooklyn in September 2018.
Posted: Aug 16, 2023
RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Wednesday it has acquired Bisnett Insurance, an Oregon-based brokerage.
Posted: Aug 16, 2023
The Financial Crimes Enforcement Network on Tuesday issued a notice to financial institutions to help federal law enforcement identify construction firms engaged in payroll tax evasion and workers compensation insurance fraud, crimes the U.S. Departm...
Posted: Aug 16, 2023
Oran Vongsurapichet, chief executive of Thai Reinsurance Public Co. Ltd., said that the reinsurer’s net profit grew by 425% year-on-year to 65 million Thai baht ($1.84 million) in the second quarter of this year, Asia Insurance Review reported citing...
Posted: Aug 16, 2023