Business Insurance
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
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