Business Insurance
Issuance of insurance-linked securities slowed when the COVID-19 pandemic roiled markets earlier this year, but interest in the nontraditional reinsurance mechanisms has since picked up as investors continue to be attracted to investment vehicles tha...
Posted: Sep 29, 2020
A North Carolina construction worker is entitled to more than $1 million in damages and attorney’s fees after he was fired for complaining about his supervisor’s intoxication at jobsites, an appellate court ruled.
Posted: Sep 28, 2020
Hartford Steam Boiler Inspection & Insurance Co. said Monday it has added new coverages for small and mid-size businesses under its HSB Total Cyber product.
Posted: Sep 28, 2020
Universal Health Services Inc. said on Monday that its network has been knocked offline following an unspecified “IT security issue.”
Posted: Sep 28, 2020
Ascot Group Ltd. on Monday named former Marsh LLC executive Andy Stirk as chief commercial officer, and former Nationwide Mutual Insurance Co. executive Elizabeth Johnson as North America chief underwriting officer.
Posted: Sep 28, 2020
Guy Carpenter & Co. LLC, the reinsurance brokerage unit of Marsh & McLennan Cos. Inc., named former Aon PLC executive Paul Miller to lead Guy Carpenter’s property catastrophe business for U.K., global specialties and key global clients, effective Sep...
Posted: Sep 28, 2020
Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz SE, one of the world’s top asset managers, for failing to safeguard their investments during the coronavirus market meltdown.
Posted: Sep 28, 2020
The actor Bill Murray and the Doobie Brothers are in a legal feud over the actor’s golf apparel company’s use of a song without permission. And it’s getting ugly… in a funny way, according to legal letters that posted to Twitter over the weekend.
Posted: Sep 28, 2020
Gallagher Bassett Services Inc. is investigating a cyber event that affected a small percentage of its information systems, including email, according to an announcement made Monday.
Posted: Sep 28, 2020
A consortium led by German insurer Allianz SE is in advanced talks to buy U.K.-based insurer Aviva PLC's French operations.
Posted: Sep 28, 2020
Japan-based insurer Sompo Holdings Inc. will not insure and invest in new construction of coal-fired power plants in the country.
Posted: Sep 28, 2020
Christian Mumenthaler, chief executive of Swiss Re Ltd., said that collateralized reinsurance sidecar vehicles have helped the reinsurer attract fresh insurance-linked securities capital even during difficult times.
Posted: Sep 28, 2020
Insurers in the United Arab Emirates are trying to sell as many policies as possible in various lines of business, at preferential prices, by the end of the year.
Posted: Sep 28, 2020
A conveyor belt caught fire and produced dangerous levels of carbon monoxide at a coal mine in southwest China on Sep. 27, killing 16 workers and injuring one other.
Posted: Sep 28, 2020
Seven insurers have bid for a 1.3 billion Egyptian pounds ($82.4 million) insurance policy tender of Egypt's General Authority for Investment and Free Zones.
Posted: Sep 28, 2020
Wholesale broker Boston Insurance Brokerage LLC said Friday it has named Keith Driscoll CEO.
Posted: Sep 25, 2020
The widow of a sheriff’s deputy who died after surgery related to his workplace injury a decade earlier is entitled to benefits but not a lump sum payout under state law, the Kentucky Supreme Court unanimously held Thursday.
Posted: Sep 25, 2020
A U.S. district court refused to dismiss a COVID-19 business interruption case filed by a medical group against a Hartford Insurance Group unit Thursday, holding that a virus exclusion in the policy is ambiguous.
Posted: Sep 25, 2020
Alphabet Inc. has settled a shareholder lawsuit that accused the Google parent of paying lavish exit packages to executives found responsible for sexual misconduct, saying it would increase oversight of its diversity and equity efforts.
Posted: Sep 25, 2020
The Ohio Bureau of Workers Compensation’s board of directors has approved a $1.5 billion workers compensation dividend recommended by Republican Gov. Mike DeWine to help employers in the state weather the impact of COVID-19, the agency announced Frid...
Posted: Sep 25, 2020
New Jersey lawmakers have passed legislation to increase the burial expense reimbursement amount for the dependents of workers who die on the job.
Posted: Sep 25, 2020
The Supreme Court of Illinois on Thursday ruled a chef’s knee injury, suffered as he knelt to look for a tray of carrots, was compensable, reversing several earlier court decisions that in part found the injury to not be work-related.
Posted: Sep 25, 2020
When it comes to professional football players and commercials, insurance joins that of shoes, fast food and phone plans, according to an online news publication tackling the top 21 National Football League players-turned-actors when it comes to sell...
Posted: Sep 25, 2020
Sedgwick Claims Management Services Inc. has appointed Michael Alwyn president of operations in Canada, the third-party administrator announced in a statement Thursday.
Posted: Sep 25, 2020
A Virginia Senate committee on Thursday killed a bill that would have made COVID-19 a compensable workers compensation injury by presumption for some workers.
Posted: Sep 25, 2020