Business Insurance
Allianz SE on Friday named Christopher Townsend, former CEO of American International Group Inc.’s international general insurance operations, to its management board, as part of a series of changes.
Posted: Sep 25, 2020
Litigation has been much in the news this week on several fronts, including battles over business interruption cover during the coronavirus pandemic, executive poaching and the lack of Black directors on a corporate board.
Posted: Sep 25, 2020
Specialist insurance broker Howden Broking Group Ltd. has agreed to acquire U.K.-based commercial and personal lines insurance broker A-Plan Group Ltd.
Posted: Sep 25, 2020
A report by U.S.-based Fitch Ratings Inc. said that continued expansion of the insurance-linked securities market in Asia will help insurers and reinsurers there expand their underwriting and diversify capacity sources.
Posted: Sep 25, 2020
The professional indemnity market of Australia is expected to soften by mid-to-late 2021 as more insurers are likely to re-enter the market on the back of improving risk management and compliance.
Posted: Sep 25, 2020
According to India-based credit ratings agency Care Ratings Ltd., nonlife insurers in India recorded a 3.6% growth in premiums in the fiscal first five months through August.
Posted: Sep 25, 2020
U.K.-based bakery chain Greggs PLC has temporarily suspended production at its Longbenton site, near Newcastle, after workers at the site tested positive for Covid-19.
Posted: Sep 25, 2020
Vietnam’s insurance sector reported 15% year on year rise in total premium to 83.08 trillion Vietnamese dong ($3.57 billion) in the first half of 2020.
Posted: Sep 25, 2020
Microsoft Corp. said on Thursday it supports the Cyberspace Solarium Commission, which recommends the re-establishment of a cybersecurity czar.
Posted: Sep 24, 2020
Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving prospects for its $11 billion deal to end the litigat...
Posted: Sep 24, 2020
The U.S. Securities and Exchange Commission voted 3-2 on Wednesday to make it tougher for shareholders to push companies on issues such as climate change, social justice and diversity, with Democratic commissioners dissenting against the move.
Posted: Sep 24, 2020
Tyler Technologies Inc., whose products are used by U.S. states and counties to share election data, said on Wednesday that an unknown party had hacked its internal systems.
Posted: Sep 24, 2020
Michigan lawmakers passed several bills Wednesday related to the reopening of businesses and schools that would protect employees who stay away from work due to COVID-19 symptoms or exposure and limit the liability of businesses if their employees or...
Posted: Sep 24, 2020
A shareholders derivative directors and officers liability lawsuit has been filed against a vaccine development company for allegedly issuing false information about a COVID-19 vaccine.
Posted: Sep 24, 2020
There can only be one Evel Knievel, at least according to a lawsuit filed against Disney and Pixar alleging that “Toy Story 4’s” character of Duke Caboom stole his “likeness” without permission.
Posted: Sep 24, 2020
An appellate court affirmed a citation levied against a produce processor after a worker was seriously injured after being caught in a conveyer belt.
Posted: Sep 24, 2020
Insurers would have to conduct a “reasonable investigation” before denying a workers compensation claim related to exposure to COVID-19 on the job and report to state regulators when it has five or more such claims filed, according to a proposal by t...
Posted: Sep 24, 2020
A municipal sewage worker using an apparatus that was a known hazard cannot sue his coworkers for negligence because they did not direct him to use the equipment, an Iowa appeals court ruled Wednesday.
Posted: Sep 24, 2020
AssuredPartners Inc. has acquired People’s United Insurance Agency for $120 million cash, Lake Mary, Florida-based AssuredPartners said in a statement Thursday.
Posted: Sep 24, 2020
Marsh LLC has named former IBM Corp. executive Tamara Simpkins Franklin as chief digital, data and analytics officer, effective Oct. 1.
Posted: Sep 24, 2020
Multinational insurance programs require close communication among the client, the broker, the insurer and their various partners around the world, yet until recently the process was often managed by email.
Posted: Sep 24, 2020
Australia-based Westpac Banking Corp. has agreed to pay a record fine of $1.3 billion Australia ($920 million) to settle a lawsuit accusing it of enabling millions of payments to people exploiting children.
Posted: Sep 24, 2020
Silicon Valley's innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California's skies with smoke.
Posted: Sep 24, 2020
A massive fire broke out at India-based Oil and Natural Gas Corp.'s plant in Hazira, Surat, on Sep. 24, following a huge blast at two terminals.
Posted: Sep 24, 2020
Germany-based reinsurer Deutsche Ruckversicherung AG plans to start writing property/casualty reinsurance in the Middle East from Jan. 1.
Posted: Sep 24, 2020