Business Insurance
There were 578 COVID-19 workers compensation indemnity claims in Florida in September, down from 2,469 in August, both steep drops from the all-time high of 7,445 in July, according to a report released Friday by the state’s Department of Financial S...
Posted: Oct 16, 2020
Insurance industry third-quarter catastrophe losses are expected to be the largest since the third quarter of 2017, but insurers and reinsurers are “largely well-positioned” to absorb them, Fitch Ratings Inc. said Thursday in a brief.
Posted: Oct 16, 2020
Only 2% of COVID-19 of whistleblower complaints filed with the U.S. Occupational Safety and Health Administration have been resolved, according to analysis released last week by the National Employment Law Project.
Posted: Oct 16, 2020
U.S. refiner Andeavor LLC agreed to pay $20 million in penalties to the Securities and Exchange Commission for inadequate controls over a stock buyback plan it executed while it was in talks to be bought by Marathon Petroleum Corp. in 2018.
Posted: Oct 16, 2020
The announcement of Business Insurance’s 2020 Women to Watch has drawn the most reader interest this week. Several stories about COVID-19 litigation also made the Top 10.
Posted: Oct 16, 2020
Britain's data protection watchdog said on Friday it has fined British Airways PLC £20 million - its biggest such penalty to date - for failing to protect data that left more than 400,000 of its customers' details the subject of a 2018 cyber attack.
Posted: Oct 16, 2020
Germany-based Allianz SE has signed an agreement to acquire Kenyan insurer Jubilee Holdings Ltd.'s nonlife operations in Kenya, Tanzania and Uganda for 10.8 billion Kenyan shillings ($100 million).
Posted: Oct 16, 2020
A survey found that U.K. businesses are at an increased risk of cyber attacks because of challenges posed by large-scale remote working.
Posted: Oct 16, 2020
Heavy rains and floods since Oct. 5 have killed 40 people and caused widespread damage in Vietnam.
Posted: Oct 16, 2020
Insurance broker Nexus Group has partnered with U.S.-based Crum & Forster Specialty Insurance Co. and Ireland-based Hamilton Insurance DAC to set up a credit and political risk insurance platform in London.
Posted: Oct 16, 2020
Rajesh Pant, national cybersecurity coordinator with the Indian government, said that the country lost $6 trillion due to cyber attacks in the first nine months of the year.
Posted: Oct 16, 2020
U.S.-based A.M. Best Co. Inc. said that Lebanon-based insurer Al Ittihad Al Watani (L'Union Nationale) Societe Generale D'Assurances du Proche Orient remains largely insulated from a rise in domestic economic, political and financial risks.
Posted: Oct 16, 2020
A survey by U.K.-based Chartered Insurance Institute found that the Financial Conduct Authority's test case for non-payment of COVID-19 pandemic-related business interruption claims has weakened trust in the insurance sector.
Posted: Oct 16, 2020
How should innovation influence your risk management approach? Learn more about where we at Liberty are focusing our efforts and explore four ways we’re putting innovation in action.
Posted: Oct 16, 2020
Business Insurance on Thursday named the 2020 winners of its annual Women to Watch awards program.
Posted: Oct 15, 2020
Business Insurance on Thursday named the 2020 winners of its annual Women to Watch awards program.
Posted: Oct 15, 2020
Marsh named Carolina Klint to managing director, risk management leader, continental Europe earlier this month.
Posted: Oct 15, 2020
A man who sustained chemical burns to his feet while performing work on the premises of a client company cannot pursue his negligence claims against the client because he’s barred by the exclusivity provision of the state’s Workers Compensation Act.
Posted: Oct 15, 2020
Stability is a common theme in pre-COVID-19 workers compensation medical treatment cost trends across 18 states studied by the Workers Compensation Research Institute, according to a report released Thursday.
Posted: Oct 15, 2020
The workers compensation market continues to remain steady and competitive, despite dire predictions at the beginning of the pandemic, according to a study released Thursday by Marsh LLC. However, presumption laws, payroll drops and shifting employee...
Posted: Oct 15, 2020
Axa SA said Thursday it has completed the sale of its Central and Eastern Europe businesses to Austria-based UNIQA Insurance Group AG for Euro 1.0 billion ($1.17 billion) in cash.
Posted: Oct 15, 2020
Aspen Insurance Holdings Ltd. on Thursday named longtime Hiscox Ltd. executive Tony Rai as head of claims for both Aspen Insurance UK Ltd. and Aspen Managing Agency Ltd.
Posted: Oct 15, 2020
Curi – a Medical Mutual Co. said Wednesday that Jason Sandner, its chief operating officer and chief financial officer, will become CEO in July 2021 when current CEO Dale Jenkins steps down.
Posted: Oct 15, 2020
Alera Group Inc. said Thursday that it has acquired Gordon Atlantic Insurance Agency.
Posted: Oct 15, 2020
Oklahoma Insurance Commissioner Glen Mulready on Wednesday approved a 9.6% decrease in workers compensation insurance loss costs for 2021. Workers comp loss costs have decreased every year for the past decade, marking a 54% decrease in loss costs sin...
Posted: Oct 15, 2020