Business Insurance
Sedgwick Claims Management Services Inc. has named Elizabeth Francy Demaret to the newly created position of president of specialty solutions, the third-party administrator announced Thursday.
Posted: Oct 15, 2020
A contracted truck driver who was attacked by a paper company employee in a warehouse can’t sue the company for negligence, as the exclusive remedy provision bars the statutory employee from suing following a workplace injury, an appeals court in Mis...
Posted: Oct 15, 2020
South Korea-based export credit insurer The Korea Trade Insurance Corp. has failed to recoup around 1.4 trillion South Korean won ($1.2 billion) in local exporters' losses.
Posted: Oct 15, 2020
A massive fire has destroyed Austria-based ski manufacturer Fischer Sports GmbH's Mukachevo factory in Ukraine.
Posted: Oct 15, 2020
U.S.-based data analytics firm Verisk Analytics Inc.'s unit Property Claim Services Inc. has expanded its global marine & energy service to cover Gulf of Mexico for elemental loss events.
Posted: Oct 15, 2020
The Croatian Insurance Bureau said that local insurers' gross written premiums fell more than 1.4% year-on-year to surpass 8 billion Croatian kuna ($1.25 billion) in September.
Posted: Oct 15, 2020
Willis Towers Watson PLC on Thursday said it has partnered with nine insurers to offer a new real estate program providing expanded property and liability coverages for several industries.
Posted: Oct 14, 2020
Insurance leaders around the globe are continuing to find creative ways to prioritize diversity and inclusion initiatives despite the collective social distancing brought about by the pandemic.
Posted: Oct 14, 2020
NetDiligence has filed suit against A.J. Gallagher & Co., charging its communicable disease coverage was not renewed because of the actions of an inexperienced broker and Gallagher’s inefficient procedures.
Posted: Oct 14, 2020
NetDiligence has filed suit against A.J. Gallagher & Co., charging its communicable disease coverage was not renewed because of the actions of an inexperienced broker and Gallagher’s inefficient procedures.
Posted: Oct 14, 2020
AmTrust Financial Services Inc. and Employers Holdings Inc. have been added to two commercial insurance quoting platforms.
Posted: Oct 14, 2020
Guy Carpenter & Co. LLC, the reinsurance business of Marsh & McLennan Cos., has launched a new business unit, GC Access, focused on a dedicated managing general agent programs.
Posted: Oct 14, 2020
Marsh LLC said Wednesday it named Katherine Keefe, formerly Beazley PLC’s head of breach response services, to the new position of U.S. cyber incident management leader.
Posted: Oct 14, 2020
Arch Capital Group Ltd. said Tuesday that 2020 third-quarter pretax catastrophe losses will range from $190 million to $210 million, including estimates of $10 million to $15 million for exposure to COVID-19 claims, across its property/casualty insur...
Posted: Oct 14, 2020
Autopsy, airway suctioning and cardiopulmonary resuscitation are among the list of medical procedures that pose the greatest risk of spreading COVID-19 from a patient to their health care provider, according to research published Wednesday in the j...
Posted: Oct 14, 2020
PeerWell Inc., a San Francisco-based remote musculoskeletal recovery platform for injured workers, on Tuesday announced a partnership with Coventry Healthcare to offer custom care solutions to injured workers facing surgery.
Posted: Oct 14, 2020
Twitter Inc. suffered from cybersecurity shortfalls that enabled a “simple” hack attributed to a Florida teenager to take over the accounts of several of the world's most famous people in July, according to a report released Wednesday.
Posted: Oct 14, 2020
FM Global has combined its Canadian, forest products and chemical industries businesses into a single division, the Johnston, Rhode Island insurer said Tuesday.
Posted: Oct 14, 2020
Only 28% of participants in the air cargo industry feel they are well prepared to distribute a COVID-19 vaccine once available, according to a survey released Wednesday, as the industry begins to gear up for a major logistical challenge.
Posted: Oct 14, 2020
Canadian property/casualty insurer Intact Financial Corp. has rebranded its specialty businesses, including OneBeacon Insurance Group Ltd., as Intact Insurance Specialty Solutions, the Toronto-based company said Wednesday.
Posted: Oct 14, 2020
Negotiations between U.A.E. insurers and global reinsurers indicate hardening of rates at the January reinsurance renewals.
Posted: Oct 14, 2020
German trade union Verdi said that thousands of workers at seven Amazon.com Inc.'s fulfillment centers went on strike Oct. 13 over working conditions and wages on the website’s “Prime Day.”
Posted: Oct 14, 2020
Insured losses to onshore properties from Hurricane Delta will range from $1 billion up to $3 billion, catastrophe risk modeling firm AIR Worldwide, part of Verisk Analytics Inc., said Wednesday.
Posted: Oct 14, 2020
Insured losses to onshore properties from Hurricane Delta will range from $1 billion up to $3 billion, catastrophe risk modeling firm AIR Worldwide, part of Verisk Analytics Inc., said Wednesday.
Posted: Oct 14, 2020
U.S.-based Allied Insurance has requested the high court in the Maldives to delay an order to pay 340 million Maldive rufiyaa ($22 million), saying it could jeopardize its ongoing viability.
Posted: Oct 14, 2020