Business Insurance
Chubb Ltd. has named Nandini Mani executive vice president, claims for overseas general insurance, Chubb’s international general insurance business in 51 countries and territories.
Posted: Oct 07, 2020
Purdue Pharma LP, the OxyContin maker controlled by members of the wealthy Sackler family, is nearing an agreement to plead guilty to criminal charges as part of a broader deal to resolve U.S. Justice Department probes into its alleged role in fuelin...
Posted: Oct 07, 2020
The U.S. Supreme Court on Wednesday considered whether to protect Alphabet Inc.'s Google from a long-running lawsuit by Oracle Corp. accusing it of infringing Oracle copyrights to build the Android operating system that runs most of the world's smart...
Posted: Oct 07, 2020
The next pandemic toilet-paper concern: who pays for it for work-from-home employees?
Posted: Oct 07, 2020
September’s most popular Off Beat story featured People magazine honoring insurance companies for caring during COVID-19. A story on telecommuting interruptions, including your dog, was No. 2 for page views for the month.
Posted: Oct 07, 2020
BDO USA LLP said Wednesday it has acquired Quantum Global Advisors LLC, a property insurance claim and valuation consulting practice based in Chicago.
Posted: Oct 07, 2020
Saudi diplomats, Sikh separatists and Indian business executives have been among those targeted by a group of hired hackers, according to research published on Wednesday by mobile firm BlackBerry Corp.
Posted: Oct 07, 2020
Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back, drawn by sharp premium increases that are lifting the sector's post-coronavirus prospects.
Posted: Oct 07, 2020
The U.S. ban on the use of components from China-based Semiconductor Manufacturing International Corp. could cause widespread disruption to China's chip supply chain.
Posted: Oct 07, 2020
Hurricane Delta has intensified into the third major hurricane of this year's Atlantic storm season and could pose a test for the World Bank Group's FONDEN 2020 catastrophe bond.
Posted: Oct 07, 2020
Insurers have said that reviews of capital requirements in the European Union and Britain are likely to produce a similar set of rules for cross-border insurers.
Posted: Oct 07, 2020
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