Business Insurance
Elie Torbey, president of the Association of Insurance Companies of Lebanon, said that insurance claims related to the Aug. 4 blast at Beirut port totaled around $1.5 billion.
Posted: Oct 07, 2020
South Africa-based information and communication technology provider Vox has partnered with King Price Insurance to launch cyber insurance for businesses.
Posted: Oct 07, 2020
As essential businesses that never shut down, grocery stores must comply with myriad federal, state and local regulations to keep workers safe from COVID-19. The task is anything but simple, experts say.
Posted: Oct 07, 2020
A man tasked with fighting the flames has been accused of fanning them instead when authorities charged a Florida firefighter with setting a fire at his own house to collect insurance.
Posted: Oct 06, 2020
General Electric said on Tuesday it received a Wells notice, saying that the U.S. Securities and Exchange Commission staff is considering recommending a civil action against the company for possible violations of securities laws.
Posted: Oct 06, 2020
Swiss Re Corporate Solutions, part of Swiss Re Ltd., said Tuesday it has partnered with technology company Hitachi Europe Ltd. to offer manufacturing and transport companies coverage for industrial IoT risks.
Posted: Oct 06, 2020
The widow of a 3M worker who died after falling out of his hotel window is not entitled to workers compensation death benefits, an appellate court held Thursday.
Posted: Oct 06, 2020
An insurer that covered a subcontractor must defend the contractor in the electrocution death of a subcontractor employee, an Illinois federal district court ruled Monday.
Posted: Oct 06, 2020
Written workers compensation premium in the state of California for the first two quarters of 2020 dropped more than 10% from the same quarter in 2019, according to a report released Monday by the state’s Workers Compensation Insurance Ratings Bureau...
Posted: Oct 06, 2020
Aon PLC is offering coverage for intellectual property used as collateral in a loan, the broker said Tuesday.
Posted: Oct 06, 2020
A federal appeals court has overturned a lower court ruling and held a Nationwide Mutual Insurance Co. unit is obligated to provide coverage in connection with a trade show attendee’s injury from an electric boom lift as an additional insurer, not as...
Posted: Oct 06, 2020
Sedgwick Claims Management Services Inc. has launched a COVID-19 intake portal to make it easier for California employers to report positive test results.
Posted: Oct 06, 2020
CSAA Insurance Group on Tuesday launched Mobilitas Insurance Co., a commercial insurer focused on the sharing economy and mobility sector that has partnered with Lyft Inc. to provide ride-sharing coverage in 11 states from Oct. 1.
Posted: Oct 06, 2020
Bold Penguin Inc., a Columbus, Ohio-based online insurance exchange, said Tuesday it has acquired analytics and software company RiskGenius.
Posted: Oct 06, 2020
Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane Center said.
Posted: Oct 06, 2020
The U.S. Occupational Safety and Health Administration has issued temporary enforcement guidance loosening its respiratory gear requirements that certain workers be fit-tested and issued personal protective equipment approved by the National Institut...
Posted: Oct 06, 2020
The Insurance Council of Australia has filed a business interruption test case to examine the exclusions of certain infectious diseases in insurance policies.
Posted: Oct 06, 2020
Saudi Arabia-based Saudi Enaya Cooperative Insurance Co. and Amana Cooperative Insurance Co. are in talks over a potential merger.
Posted: Oct 06, 2020
Insurance Australia Group Ltd. has agreed to pay $138 million Australia ($99 million) to settle a lawsuit over add-on insurance products sold through motor vehicle and motorcycle dealers.
Posted: Oct 06, 2020
Jordi Moix, vice president at Barcelona football club, said that the club lost €97 million ($114.3 million) in the 2019/2020 season due to the coronavirus pandemic.
Posted: Oct 06, 2020
Saudi Arabia-based Islamic Corporation for the Insurance and Investment of Export Credit has partnered with Spanish export credit insurer Compania Espanola de Seguros de Credito a la Exportacion, Compania de Seguros y Reaseguros.
Posted: Oct 06, 2020
Research found that the COVID-19 pandemic and a no-deal Brexit could cost the United Kingdom around £134 billion ($174 billion) per year in lost gross domestic product for a decade.
Posted: Oct 06, 2020
Polish insurers' gross written premiums declined 6.7% year-over-year to more than €7 billion ($8.2 billion) in the first half of 2020.
Posted: Oct 06, 2020
Companies with federal contracts should closely examine their diversity and anti-discrimination training materials in light of an executive order issued by President Donald Trump on Sept. 22.
Posted: Oct 06, 2020
Uber Technologies Inc. and Lyft Inc. together are spending nearly $100 million on a November California ballot initiative to overturn a state law that would compel them to classify drivers as employees.
Posted: Oct 05, 2020