Business Insurance
A report by U.S.-based A.M. Best Co. Inc. said that reinsurers in the Middle East and North Africa region have demonstrated resilience in a difficult operating environment.
Posted: Sep 24, 2020
The English Football League expects its clubs will lose £200 million ($255 million) for the 2020-21 season, due to absence of crowds in the stadiums they are playing in.
Posted: Sep 24, 2020
The South Korean government has declared 24 more regions, hit by typhoons Maysak and Haishen, as special disaster areas.
Posted: Sep 24, 2020
A survey by the Bermuda Chamber of Commerce found that 8% or 45 businesses have shut down permanently due to disruptions caused by COVID-19 pandemic.
Posted: Sep 24, 2020
There have been a record 21 large-scale floods in China so far this year.
Posted: Sep 24, 2020
Lloyd's of London CEO John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed.
Posted: Sep 24, 2020
The Remote Collaboration feature of Zurich Risk Advisor was not a reaction to the COVID-19 pandemic, but the tool saw growing interest and demand when site visits and inspections became increasingly difficult amid the pandemic’s spread and resulting...
Posted: Sep 24, 2020
Nearly two years ago, Sedgwick Claims Management Services Inc. realized the needs of its global clients had come together in a perfect storm.
Posted: Sep 24, 2020
Escalating requests from clients for assistance in treating essential workers with COVID-19 prompted Paradigm Corp. to quickly develop additional resources to help companies respond to the pandemic.
Posted: Sep 24, 2020
When the coronavirus pandemic hit the United States earlier this year, risk managers across industry sectors faced a crisis few had seen before.
Posted: Sep 24, 2020
With supply chains becoming more critical, exposing companies to heightened risks, some organizations find it a stretch to validate their suppliers’ insurance coverage, ensure supply chain efficiency and avoid claims globally.
Posted: Sep 24, 2020
Sometimes looking for the solution to a problem can lead people to unexpected destinations. That was the case for Leo Bernstein, co-founder and CEO of LineSlip Solutions Inc. in New York.
Posted: Sep 24, 2020
FM Global recognized the growing hazard of cyber losses over the past few years and determined it needed to provide expert guidance to its clients, just as it already did for fire and earthquake risks.
Posted: Sep 24, 2020
Insurers, brokers, technology companies and others continue to roll out new products and services during the COVID-19 pandemic and in many cases the new offerings specifically address issues that risk managers face due to coronavirus-related concerns...
Posted: Sep 24, 2020
The U.S. Justice Department unveiled a legislative proposal on Wednesday that seeks to reform a legal immunity for internet companies and follows through on President Donald Trump’s bid from earlier this year to crack down on tech giants.
Posted: Sep 23, 2020
Shopify Inc. said on Tuesday data of customers who shopped at fewer than 200 merchants listed on the company’s e-commerce platform was likely exposed after two employees tried to steal transaction records.
Posted: Sep 23, 2020
General Motors LLC has filed suit against one of its former directors, a former union official, whom it charges participated in two “sprawling and long-running criminal schemes.”
Posted: Sep 23, 2020
A Delaware state court ruled Tuesday that Chubb Ltd. units are obligated to reimburse Rite Aid Corp. for defense costs in connection with multidistrict opioid litigation.
Posted: Sep 23, 2020
A measure to extend the National Flood Insurance Program through Sept. 30, 2021, was passed by the U.S. House of Representatives on Tuesday as part of broader government funding legislation.
Posted: Sep 23, 2020
An aerospace engineering company did not improperly guard a machine that crushed the finger of an operator, the Occupational Safety and Health Review Commission held Monday in a unanimous decision.
Posted: Sep 23, 2020
A worker who was terminated after filing a workers compensation claim in part due to stress may proceed with his claim that his filing was retaliatory.
Posted: Sep 23, 2020
The U.S. Securities and Exchange Commission on Wednesday will finalize new conditions for its whistleblower bounty program, which will result in rewards being issued faster and some rewards rising in value, agency officials said.
Posted: Sep 23, 2020
Six health care facilities, including two nursing homes, and a police department have been cited by the California Division of Occupational Safety and Health for failing to take precautions to protect their employees from COVID-19.
Posted: Sep 23, 2020
A study released Monday by security camera company Safety.com found that security cameras put everyday Americans in the spotlight an average of 238 times a week.
Posted: Sep 23, 2020
Four former eBay Inc. workers have agreed to plead guilty to participating in a cyberstalking campaign against a Massachusetts couple whose online newsletter they viewed as critical of the e-commerce company.
Posted: Sep 23, 2020