Business Insurance
Arthur J. Gallagher & Co. on Wednesday reported to clients and business partners that all of its communications capabilities are functioning following a cybersecurity breach in late September.
Posted: Oct 08, 2020
A mother and son team on Monday filed a lawsuit against Nintendo over long-reported problems with its popular Nintendo Switch controllers, Wired magazine reported.
Posted: Oct 08, 2020
Posted: Oct 08, 2020
A report by the International Underwriting Association said that Britain's planned departure from the European Union reduced London commercial insurers' gross written premiums by 14% to £27.6 billion ($35.6 billion) last year.
Posted: Oct 08, 2020
France has declared a state of natural disaster in 55 communes in the Alpes-Maritimes department after storm Alex caused more than three months worth of rain in 24 hours over the past weekend.
Posted: Oct 08, 2020
Poland has fined Russian energy firm PJSC Gazprom €6.5 billion ($7.6 billion) for violating antitrust laws while building the Nord Stream 2 gas pipeline to Germany.
Posted: Oct 08, 2020
Hurricane Delta hit Mexico on Oct. 7 and caused widespread damage.
Posted: Oct 08, 2020
Typhoon Chan-hom is expected to hit Japan on Oct. 8 and bring strong winds, high tides and heavy rains, which can cause landslides and floods.
Posted: Oct 08, 2020
A federal appeals court has reinstated Americans with Disabilities Act and Family Medical Leave Act charges filed by a former injured Walmart Inc. worker who was fired after she refused an allegedly unfeasible alternative position.
Posted: Oct 07, 2020
The Risk and Insurance Management Society’s 2021 annual convention and exhibition, to be held in Chicago April 18-21, 2021, is slated to be a hybrid in-person and virtual event, but may pivot to an entirely digital event.
Posted: Oct 07, 2020
An appellate court denied a mechanic benefits after holding he provided false statements, though one judge dissented after questioning whether the worker understood the deposition proceedings.
Posted: Oct 07, 2020
Federal courts in Atlanta and Los Angeles dismissed COVID-19-related lawsuits filed by restaurants against Nationwide Mutual Insurance Co. and Travelers Cos. units, respectively, but a state court ruled in favor of an Ohio restaurant against Cincinna...
Posted: Oct 07, 2020
Mitchell International Inc. has launched a tool that allows workers compensation and auto casualty claims organizations analyze medical provider treatment and billing behaviors to identify activities that may be connected to fraud, waste or abuse, th...
Posted: Oct 07, 2020
Markel Corp. said Wednesday it will move its property catastrophe reinsurance business into Nephila Holdings Ltd. and close its Markel Global Reinsurance property catastrophe unit, resulting in some 25 job losses.
Posted: Oct 07, 2020
Chubb Ltd. has named Nandini Mani executive vice president, claims for overseas general insurance, Chubb’s international general insurance business in 51 countries and territories.
Posted: Oct 07, 2020
Purdue Pharma LP, the OxyContin maker controlled by members of the wealthy Sackler family, is nearing an agreement to plead guilty to criminal charges as part of a broader deal to resolve U.S. Justice Department probes into its alleged role in fuelin...
Posted: Oct 07, 2020
The U.S. Supreme Court on Wednesday considered whether to protect Alphabet Inc.'s Google from a long-running lawsuit by Oracle Corp. accusing it of infringing Oracle copyrights to build the Android operating system that runs most of the world's smart...
Posted: Oct 07, 2020
The next pandemic toilet-paper concern: who pays for it for work-from-home employees?
Posted: Oct 07, 2020
September’s most popular Off Beat story featured People magazine honoring insurance companies for caring during COVID-19. A story on telecommuting interruptions, including your dog, was No. 2 for page views for the month.
Posted: Oct 07, 2020
BDO USA LLP said Wednesday it has acquired Quantum Global Advisors LLC, a property insurance claim and valuation consulting practice based in Chicago.
Posted: Oct 07, 2020
Saudi diplomats, Sikh separatists and Indian business executives have been among those targeted by a group of hired hackers, according to research published on Wednesday by mobile firm BlackBerry Corp.
Posted: Oct 07, 2020
Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back, drawn by sharp premium increases that are lifting the sector's post-coronavirus prospects.
Posted: Oct 07, 2020
The U.S. ban on the use of components from China-based Semiconductor Manufacturing International Corp. could cause widespread disruption to China's chip supply chain.
Posted: Oct 07, 2020
Hurricane Delta has intensified into the third major hurricane of this year's Atlantic storm season and could pose a test for the World Bank Group's FONDEN 2020 catastrophe bond.
Posted: Oct 07, 2020
Insurers have said that reviews of capital requirements in the European Union and Britain are likely to produce a similar set of rules for cross-border insurers.
Posted: Oct 07, 2020