Business Insurance
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
The European Insurance and Occupational Pensions Authority has urged the insurance sector to prepare and implement contingency plans ahead of Dec. 31, the end of the Brexit transition period.
Posted: Oct 14, 2020
Richard Chattock, chief executive of U.K.-based venture capital firm Insurtech Gateway, said that parametric insurance is expected to grow in areas where indemnity insurance struggle to provide adequate protection.
Posted: Oct 14, 2020
Australia-based QBE Insurance Group Ltd. plans to launch an insurer to provide tailored products for small and medium enterprises.
Posted: Oct 14, 2020
Media firm Singapore Press Holdings Ltd. posted its first-ever net loss of $83.7 million in the year ended Aug. 31, compared with a profit of $213.2 million in the previous year, as the COVID-19 pandemic severely disrupted all its segments.
Posted: Oct 14, 2020
Shortages of personal protective equipment — particularly N95 masks — persist as the pandemic rages on, making health care organizations choose between saving masks or complying with U.S. Occupational Safety and Health Administration fit-testing guid...
Posted: Oct 14, 2020
General Motors Co. on Tuesday filed an appeal with the 6th Circuit Court of Appeals in Cincinnati, seeking reinstatement of its racketeering lawsuit against Fiat Chrysler Automobiles NV.
Posted: Oct 13, 2020
A California appeals court on Tuesday listened to arguments by lawyers for Uber Technologies Inc., Lyft Inc. and the state of California about whether the state can recognize their drivers as employees with the right to minimum wage, overtime pay, he...
Posted: Oct 13, 2020
Axis Capital Holdings Ltd. on Tuesday estimated its third-quarter preliminary net loss for catastrophes and other events at $190 million to $220 million after-tax.
Posted: Oct 13, 2020
The president of AF Group’s Accident Fund Insurance Company of America will retire, effective Feb. 1, 2021, the Lansing, Michigan-based insurer announced Monday.
Posted: Oct 13, 2020
A beer distributor whose supply was spoiled when Walt Disney Co. refused delivery because of the pandemic shutdown cannot be compensated for business interruption losses under its insurance coverage, a federal district court ruled.
Posted: Oct 13, 2020
Zurich North America on Monday announced a new business travel accident insurance solution that can help employers protect their traveling employees in the event of a health emergency.
Posted: Oct 13, 2020
Energy brokerage IMA Financial Group Inc. on Tuesday named former Marsh LLC executive Ricky Bryan executive vice president and director of its newly opened practice in Houston.
Posted: Oct 13, 2020
Minnesota lawmakers with both chambers on Monday introduced identical legislation that would make COVID-19 an occupational disease arising out of and in the course of employment.
Posted: Oct 13, 2020
Former Lockton Cos. LLC broker Bill Kost has teamed with Jatin Sharma and Brandon Statton from Bechtel to form Nardac Risk and Insurance Services, a specialist insurance broker serving the renewable energy, conventional power, infrastructure and tran...
Posted: Oct 13, 2020
Nardac Risk and Insurance Services, a specialist broker focused on renewable energy, conventional power, infrastructure and transport, launched on Tuesday.
Posted: Oct 13, 2020
Average premium renewal rates increased across most commercial lines of business in the third quarter, according to insurance exchange Ivans Insurance Services, a division of Tampa-based Applied Systems Inc.
Posted: Oct 13, 2020
Freeze! Nobody move! This is really bad television production planning.
Posted: Oct 13, 2020
The U.S. Supreme Court on Tuesday agreed to decide whether more than 100 technology disputes must be reheard because judges were unconstitutionally appointed to a U.S. Patent and Trademark Office tribunal in a case arising from a medical device paten...
Posted: Oct 13, 2020
Insured losses to onshore properties from Hurricane Delta will be close to $1.25 billion, Boston-based catastrophe modeler Karen Clark & Co. said in a statement Tuesday.
Posted: Oct 13, 2020
Aon PLC's unit Impact Forecasting LLC said storm Alex that struck France and Italy recently caused more than $3 billion worth of damage, making it the costliest catastrophe to hit Europe so far this year.
Posted: Oct 13, 2020
Hackers have asked for a ransom of $23 million from Germany-based Software AG after stealing employee information and company documents.
Posted: Oct 13, 2020
The Association of the German Insurance Industry has warned of a wave of bankruptcies as a result of the COVID-19 pandemic.
Posted: Oct 13, 2020
More than €85 million ($100.4 million) worth of products was stolen from air, road, sea and rail freight supply chains in 46 countries in the Europe, Middle East & Africa region in the first half of the year.
Posted: Oct 13, 2020
Australia's Bureau of Meteorology has issued a "severe weather outlook" from October to April for bushfires, heatwaves, floods, cyclones and storms.
Posted: Oct 13, 2020