Business Insurance
The U.S. Justice Department is expected to sue Alphabet's Google as soon as next week, and is currently urging state attorneys general to sign on to the lawsuit, according to three sources familiar with the process.
Posted: Sep 30, 2020
Irish insurer FBD Holdings PLC is changing the wording of its commercial insurance policies to exclude communicable diseases like COVID-19 from coverage.
Posted: Sep 30, 2020
Germany-based insurer Allianz SE's African subsidiary plans to buy a controlling stake in Kenyan counterpart Jubilee Holdings Ltd.'s general insurance business in Kenya, Tanzania, Uganda, Burundi and Mauritius.
Posted: Sep 30, 2020
A report by U.S.-based advisory firm KPMG LLP said that gross written premiums of listed insurers in Saudi Arabia increased 5.3% year-over-year to nearly 21.3 billion Saudi riyal ($5.7 billion) in the first half of 2020.
Posted: Sep 30, 2020
U.S.-based Moody's Investor Service Inc. said that some of India’s largest insurers are expected to reduce their exposure to high-risk assets.
Posted: Sep 30, 2020
The Croatian Financial Services Supervisory Agency said that even in the most conservative scenario, local insurers will be able to withstand the COVID-19 crisis.
Posted: Sep 30, 2020
Swedish live flight-tracking platform Flightradar24 AB suffered the third cyber attack within two days.
Posted: Sep 30, 2020
A new reinsurer, Africa Specialty Risk Group, targeting Africa , has been launched in London.
Posted: Sep 30, 2020
After a workplace accident or a near-miss, employers must review the incident to prevent future safety issues or to comply with regulatory requirements, but they need to take care that they are not creating documents that can be used against them, ex...
Posted: Sep 30, 2020
JPMorgan Chase & Co. has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.
Posted: Sep 29, 2020
The Securities and Exchange Commission has charged the president and chief science officer of a biotechnology company with making false and misleading statements about the development of a COVID-19 test, the agency said.
Posted: Sep 29, 2020
Hospital chain Universal Health Services Inc.’s network remains offline on Tuesday, two days after the company fell prey to an apparent ransomware attack, it told employees via text.
Posted: Sep 29, 2020
A Delaware court on Monday refused a motion to dismiss directors and officers liability litigation filed by insurers against an energy company that is being sued in connection with a merger.
Posted: Sep 29, 2020
A miner who contracted flesh-eating bacteria after scraping his knuckle on a locker after work is entitled to workers compensation for the months-long treatment he received for the virus, the Wyoming Supreme Court held Monday.
Posted: Sep 29, 2020
Alera Group has promoted Brian Caracciolo to chief financial officer, Carolyn L. Cox to executive vice president, general counsel, and William Corrigan to chief operating officer, the broker said in a statement Tuesday.
Posted: Sep 29, 2020
Fiat Chrysler will pay a $9.5 million civil penalty to settle allegations it misled investors by not disclosing that it conducted only a limited internal review of its compliance with emissions regulations, the Securities and Exchange Commission said...
Posted: Sep 29, 2020
Starr Insurance Cos. has named Andy Trundle as head of global aviation, the insurer said in a statement Tuesday.
Posted: Sep 29, 2020
California Gov. Gavin Newsom on Monday signed into law workplace safely protections for agricultural workers in the state.
Posted: Sep 29, 2020
Saul Sanchez died in April, one of six workers with fatal COVID-19 infections at meatpacker JBS USA's slaughterhouse in Greeley, Colorado, the site of one of the earliest and deadliest coronavirus outbreaks at a U.S. meatpacking plant.
Posted: Sep 29, 2020
Arthur J. Gallagher & Co. late Monday revealed additional details on a ransomware incident it first disclosed earlier in the day and said it is in the process of restarting its systems.
Posted: Sep 29, 2020
A report said that Australia and New Zealand are in the midst of the most volatile and restrictive directors & officers liability insurance market in their history.
Posted: Sep 29, 2020
The China Banking and Insurance Regulatory Commission has issued draft rules to rein in the country's online insurance sector.
Posted: Sep 29, 2020
South Africa-based African Risk Capacity plans to expand coverage to non-sovereign entities, as it looks to grow and diversify its portfolio.
Posted: Sep 29, 2020
Australia-based Ardent Leisure Group Ltd. has been fined $3.6 million Australia ($2.5 million) over the deaths of four people in an accident on a river rapids ride in 2016.
Posted: Sep 29, 2020
Switzerland-based New Reinsurance Co. Ltd., a subsidiary of Munich Reinsurance Co., has appointed Thomas Braune as chief executive.
Posted: Sep 29, 2020