Business Insurance
Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane Center said.
Posted: Oct 06, 2020
The U.S. Occupational Safety and Health Administration has issued temporary enforcement guidance loosening its respiratory gear requirements that certain workers be fit-tested and issued personal protective equipment approved by the National Institut...
Posted: Oct 06, 2020
The Insurance Council of Australia has filed a business interruption test case to examine the exclusions of certain infectious diseases in insurance policies.
Posted: Oct 06, 2020
Saudi Arabia-based Saudi Enaya Cooperative Insurance Co. and Amana Cooperative Insurance Co. are in talks over a potential merger.
Posted: Oct 06, 2020
Insurance Australia Group Ltd. has agreed to pay $138 million Australia ($99 million) to settle a lawsuit over add-on insurance products sold through motor vehicle and motorcycle dealers.
Posted: Oct 06, 2020
Jordi Moix, vice president at Barcelona football club, said that the club lost €97 million ($114.3 million) in the 2019/2020 season due to the coronavirus pandemic.
Posted: Oct 06, 2020
Saudi Arabia-based Islamic Corporation for the Insurance and Investment of Export Credit has partnered with Spanish export credit insurer Compania Espanola de Seguros de Credito a la Exportacion, Compania de Seguros y Reaseguros.
Posted: Oct 06, 2020
Research found that the COVID-19 pandemic and a no-deal Brexit could cost the United Kingdom around £134 billion ($174 billion) per year in lost gross domestic product for a decade.
Posted: Oct 06, 2020
Polish insurers' gross written premiums declined 6.7% year-over-year to more than €7 billion ($8.2 billion) in the first half of 2020.
Posted: Oct 06, 2020
Companies with federal contracts should closely examine their diversity and anti-discrimination training materials in light of an executive order issued by President Donald Trump on Sept. 22.
Posted: Oct 06, 2020
Uber Technologies Inc. and Lyft Inc. together are spending nearly $100 million on a November California ballot initiative to overturn a state law that would compel them to classify drivers as employees.
Posted: Oct 05, 2020
The U.S. Judicial Panel on Multidistrict Litigation on Friday agreed to consolidate business interruption litigation filed by businesses against a Wisconsin insurer, but refused to do so against several other insurers, saying it would be inefficient.
Posted: Oct 05, 2020
Commercial insurance buyers in the U.S. were hit with rate increases on every line of coverage and industry class in the third quarter, with directors and officers and umbrella liability seeing the largest rate hikes, online insurance exchange Market...
Posted: Oct 05, 2020
A workers compensation attorney was issued a 30-day suspension and ordered to pay costs to The Florida Bar for improperly texting his witness during a deposition and inadvertently texting advice for the witness to opposing counsel.
Posted: Oct 05, 2020
Three Cleveland Browns football players are entitled to workers compensation after an appellate court held that their claims were timely filed.
Posted: Oct 05, 2020
Since the start of the coronavirus pandemic, the Occupational Safety and Health Administration has cited 37 entities for violations related to the COVID-19 pandemic, resulting in proposed penalties totaling $484,069, the U.S. Department of Labor anno...
Posted: Oct 05, 2020
The only way the latest Insurance King commercials will have audiences roaring with laughter is if (1) they saw the Netflix show “Tiger King” and (2) they think it’s funny that “Diff’rent Strokes” star Todd Bridges is wearing a blond mullet wig, sell...
Posted: Oct 05, 2020
Swedish clothing retailer Hennes & Mauritz AB has been fined €35 million ($41 million) in Germany for violating its employees' privacy by exploiting their personal data.
Posted: Oct 05, 2020
Storm Alex brought strong winds and heavy rains to France and Italy last week and caused widespread damage.
Posted: Oct 05, 2020
A report by U.S.-based A.M. Best Co. Inc. said that difficult market conditions have hurt reinsurers operating in sub-Saharan Africa.
Posted: Oct 05, 2020
Federal and state prosecutors in Brazil are considering reopening a 155 billion Brazilian real ($27.4 billion) lawsuit against mining companies Samarco Mineracao SA, Vale SA and BHP Group Ltd.
Posted: Oct 05, 2020
Bermuda-based Argo Group International Holdings Ltd. and Allied World Assurance Company Holdings Ltd. are among the latest insurers and reinsurers to rule out insuring Adani Group's Carmichael coal mine and rail project in the Australian state of Que...
Posted: Oct 05, 2020
Cuba has issued a hurricane watch as a storm brews south of Jamaica.
Posted: Oct 05, 2020
U.A.E.-based construction group Arabtec Holding PJSC's decision to liquidate is likely to threaten thousands of jobs and scores of suppliers and sub-contractors in the Persian Gulf.
Posted: Oct 05, 2020
Advances in manufacturing and industrial control systems have improved efficiency but also are increasing exposure to malware. In this Business Insurance Risk Perspective, FM Global explains what risk managers can do to mitigate this enterprise-level...
Posted: Oct 05, 2020