Business Insurance
The U.S. Judicial Panel on Multidistrict Litigation on Friday agreed to consolidate business interruption litigation filed by businesses against a Wisconsin insurer, but refused to do so against several other insurers, saying it would be inefficient.
Posted: Oct 05, 2020
Commercial insurance buyers in the U.S. were hit with rate increases on every line of coverage and industry class in the third quarter, with directors and officers and umbrella liability seeing the largest rate hikes, online insurance exchange Market...
Posted: Oct 05, 2020
A workers compensation attorney was issued a 30-day suspension and ordered to pay costs to The Florida Bar for improperly texting his witness during a deposition and inadvertently texting advice for the witness to opposing counsel.
Posted: Oct 05, 2020
Three Cleveland Browns football players are entitled to workers compensation after an appellate court held that their claims were timely filed.
Posted: Oct 05, 2020
Since the start of the coronavirus pandemic, the Occupational Safety and Health Administration has cited 37 entities for violations related to the COVID-19 pandemic, resulting in proposed penalties totaling $484,069, the U.S. Department of Labor anno...
Posted: Oct 05, 2020
The only way the latest Insurance King commercials will have audiences roaring with laughter is if (1) they saw the Netflix show “Tiger King” and (2) they think it’s funny that “Diff’rent Strokes” star Todd Bridges is wearing a blond mullet wig, sell...
Posted: Oct 05, 2020
Swedish clothing retailer Hennes & Mauritz AB has been fined €35 million ($41 million) in Germany for violating its employees' privacy by exploiting their personal data.
Posted: Oct 05, 2020
Storm Alex brought strong winds and heavy rains to France and Italy last week and caused widespread damage.
Posted: Oct 05, 2020
A report by U.S.-based A.M. Best Co. Inc. said that difficult market conditions have hurt reinsurers operating in sub-Saharan Africa.
Posted: Oct 05, 2020
Federal and state prosecutors in Brazil are considering reopening a 155 billion Brazilian real ($27.4 billion) lawsuit against mining companies Samarco Mineracao SA, Vale SA and BHP Group Ltd.
Posted: Oct 05, 2020
Bermuda-based Argo Group International Holdings Ltd. and Allied World Assurance Company Holdings Ltd. are among the latest insurers and reinsurers to rule out insuring Adani Group's Carmichael coal mine and rail project in the Australian state of Que...
Posted: Oct 05, 2020
Cuba has issued a hurricane watch as a storm brews south of Jamaica.
Posted: Oct 05, 2020
U.A.E.-based construction group Arabtec Holding PJSC's decision to liquidate is likely to threaten thousands of jobs and scores of suppliers and sub-contractors in the Persian Gulf.
Posted: Oct 05, 2020
Advances in manufacturing and industrial control systems have improved efficiency but also are increasing exposure to malware. In this Business Insurance Risk Perspective, FM Global explains what risk managers can do to mitigate this enterprise-level...
Posted: Oct 05, 2020
A federal district court in Philadelphia has become the latest court to rule against a policyholder in COVID-19 litigation, holding that an attorney does not have business interruption coverage because of a virus exclusion in her policy.
Posted: Oct 02, 2020
White Mountains Insurance Group Ltd. on Thursday said it has agreed to invest fresh capital in and acquire a 72% stake in Ark Insurance Holdings Ltd., parent company of Lloyd’s of London insurer Ark Syndicate Management Ltd.
Posted: Oct 02, 2020
The Occupational Safety and Health Review Commission vacated a citation against a marine construction company stemming from the deaths of two workers after ruling that the U.S. Occupational Safety and Health Administration cited a violation of the in...
Posted: Oct 02, 2020
London’s High Court on Friday approved a fast-track appeal of an unprecedented test case against some of the world’s biggest insurers, brought by Britain’s markets regulator, allowing it to leapfrog straight into the Supreme Court.
Posted: Oct 02, 2020
The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for the impact of global climate...
Posted: Oct 02, 2020
The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for the impact of global climate...
Posted: Oct 02, 2020
Amazon.com Inc. on Thursday said more than 19,000 of its U.S. frontline workers contracted the coronavirus this year, or 1.44% of the total, a disclosure sought by labor advocates who have criticized the COVID-19 response of the world’s largest onlin...
Posted: Oct 02, 2020
Wholesale insurance broker Worldwide Facilities LLC of Los Angeles has acquired managing general underwriter Hunt Jorgensen LLC of Maywood, New Jersey, Worldwide said in a statement Friday.
Posted: Oct 02, 2020
The Federal Trade Commission is warning consumers this week that if they receive an email from its Chairman Joseph Simons promising unclaimed inheritance to not respond or open it.
Posted: Oct 02, 2020
An administrative law judge with the California Workers’ Compensation Appeals Board has dismissed liens valued at $18 million filed by a convicted medical provider, which the California Department of Industrial Relations said Thursday falls in line w...
Posted: Oct 02, 2020
Swiss Re Corporate Solutions, part of Swiss Re Ltd., on Friday named Laura Coppola global head of its financial and professional liability business and made two other senior appointments in a push to grow the line of business.
Posted: Oct 02, 2020