Business Insurance
A study by Russian rating agency Expert RA expects nonlife insurance premiums will decline by 5%-6% year-over-year in the second half of 2020.
Posted: Oct 20, 2020
U.K. government-backed COVID-19 insurance pool worth £500 million ($648 million) has been launched for the television and film sector.
Posted: Oct 20, 2020
A massive fire engulfed the Pakistani city of Lahore's largest electronics market on Oct. 18 and caused billions of Pakistani rupees (millions of dollars) worth of damage.
Posted: Oct 20, 2020
An investigation found that current and former employees of Russia's flagship carrier Aeroflot Airlines helped smuggle $50 million in stolen electronic devices to Russia.
Posted: Oct 20, 2020
American International Group Inc. has named Mohamed Ali Bouabane as chief executive of the Gulf Cooperation Council and North Africa.
Posted: Oct 20, 2020
U.S.-based Berkshire Hathaway Specialty Insurance Co. has launched directors & officers liability and professional indemnity insurance policies in the United Arab Emirates.
Posted: Oct 20, 2020
The convergence of the coronavirus, which has seen a recent surge in cases, with the oncoming flu season could lead to diagnostic errors that will increase medical malpractice claims, some experts say.
Posted: Oct 20, 2020
Reinsurance prices have risen over the past several months, but the level of increases varied widely, experts say.
Posted: Oct 19, 2020
The average indemnity paid for physicians’ medical malpractice claims increased 20% from 2010 to 2019, to $411,053, according to a report issued by Boston-based medical liability insurer Coverys.
Posted: Oct 19, 2020
The pandemic has led to an increase in drug use and opioid overdoses in 2020, making it even more important for the workers compensation industry to scrutinize new prescriptions and monitor claimants who are long-term opioid users, according to a stu...
Posted: Oct 19, 2020
The United States and Britain on Monday condemned what they said were a litany of malicious cyberattacks orchestrated by Russian military intelligence, including attempts to disrupt next year's Olympic and Paralympic Games in Tokyo.
Posted: Oct 19, 2020
CRC Insurance Services Inc., the wholesale brokerage business of Truist Insurance Holdings Inc., said Monday that Mike Brennan will succeed Ron Helveston, who is retiring, as CEO, commercial solutions, effective Jan. 1, 2021.
Posted: Oct 19, 2020
Modeling under the names “Tuff As Nailz” and “The Black Widow Bettie,” a former Washington state police chief is accused of illegally collecting over $67,000 in workers compensation benefits while working as a pinup model, according to the New York P...
Posted: Oct 19, 2020
The U.S. Occupational Safety and Health Administration on Friday announced that it has as of Oct. 8 cited 85 establishments for violations relating to COVID-19 safety measures, resulting in proposed penalties totaling $1.2 million.
Posted: Oct 19, 2020
Rep. Scott Peters, D-California, and Rep. Andy Barr, R-Kentucky, on Friday introduced bipartisan legislation that would eliminate National Flood Insurance Program subsidies for new construction in flood-prone areas.
Posted: Oct 19, 2020
Michigan Gov. Gretchen Whitmer issued an emergency rule on Friday reinstating a rebuttable presumption for first responders and health care workers in the state who contract COVID-19.
Posted: Oct 19, 2020
Chinese companies could face 400 billion Indian rupees ($5.4 billion) of losses during Diwali, the Indian festival of lights, as the Indian traders' community boycott the sale of Chinese goods.
Posted: Oct 19, 2020
Japan-based Tokio Marine & Nichido Fire Insurance Co. Ltd. has expanded its partnership with catastrophe modeling firm Risk Management Solutions Inc. to get data and technology-based risk view across all perils and markets.
Posted: Oct 19, 2020
Data from the Turkish Exporters Assembly showed that Saudi Arabia's ban on imports from Turkey could lead to a sharp decline of Turkish exports to Arab countries.
Posted: Oct 19, 2020
A report by the British Standards Institution and U.K.-based TT Club Mutual Insurance Ltd. said that South Africa ranks among the top countries in the world for cargo theft.
Posted: Oct 19, 2020
U.K.-based Steamship Mutual Underwriting Association Ltd. has set up a new insurer in Cyprus to service its clients all over Europe following Brexit.
Posted: Oct 19, 2020
The U.K. Met Office has issued a yellow weather warning for heavy rains on Oct. 19 and 20 in Newry, Enniskillen and Omagh in Northern Ireland.
Posted: Oct 19, 2020
Insurance analysts have said that insurance penetration in Nigeria could rise to nearly 3.7% in the next 10 years from the present 0.06% if the technological infrastructure and data availability improves
Posted: Oct 19, 2020
“Insurance Legend Cuts Second Album” is not a headline most of us thought we’d ever see, but here we are.
Posted: Oct 16, 2020
A roustabout failed to show that an oil rig owner was negligent when he injured his back moving a washing machine on the rig’s platform.
Posted: Oct 16, 2020