Business Insurance
CAC Specialty has recruited Matt Movafaghi, a former Chevron Corp. senior tax counsel, to help expand its tax insurance practice, the brokerage announced Tuesday.
Posted: Sep 23, 2020
A federal court in California on Tuesday ruled the virus exclusion in a property policy bars coverage for coronavirus-related business interruption claims and labeled as “nonsense” the policyholder’s argument that civil authority cover should kick in...
Posted: Sep 23, 2020
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.
Posted: Sep 23, 2020
U.K.-based insurer Aviva PLC is pursuing a potential sale of its French unit, which could be valued at around €3 billion ($3.5 billion).
Posted: Sep 23, 2020
The Aug. 4 blast at Beirut port has led to significant uncertainty in the Lebanese insurance sector.
Posted: Sep 23, 2020
The government of the Indian state of Karnataka said that rains and floods have caused 94.4 billion Indian rupees ($1.3 billion) worth of damage.
Posted: Sep 23, 2020
Cyclone Ianos hit Greece on Sep. 18 and caused widespread damage and disruption.
Posted: Sep 23, 2020
The Insurance Council of Australia is undertaking a project to reduce insurance fraud by increasing information sharing and e-business activities.
Posted: Sep 23, 2020
New Zealand government has asked insurers with more than $1 billion New Zealand ($665 million) in assets to disclose their climate-related risks.
Posted: Sep 23, 2020
Employers nationwide are following the legislative push to accept COVID-19 claims by presumption in workers compensation, changes that aren’t necessarily guaranteeing that such infectious disease claims will be greenlighted but instead promise a surg...
Posted: Sep 23, 2020
The Hanover Insurance Group Inc. said Tuesday it is expanding its online quote and issuing capability to include management liability and miscellaneous liability products.
Posted: Sep 22, 2020
A federal judge in Missouri on Monday issued his second ruling in favor of policyholders with coronavirus-related business interruption claims.
Posted: Sep 22, 2020
President Donald Trump plans to meet on Wednesday with a group of Republican state attorneys general about revising a key law that shields social media companies from liability for content posted by their users and allows them to remove lawful but ob...
Posted: Sep 22, 2020
Patriot Growth Insurance Services LLC has acquired Capstone Brokerage Inc., Patriot said in a statement Tuesday.
Posted: Sep 22, 2020
The exclusivity provisions of the Illinois Workers Compensation Act do not bar a worker’s claims for statutory damages for violating her rights under a state biometric privacy law, an appellate court held Friday.
Posted: Sep 22, 2020
The National Football League has issued $100,000 fines to three of its head coaches for not wearing masks on the sidelines during the game in Week 2, according to Sports Illustrated.
Posted: Sep 22, 2020
Vaccine makers will be indemnified in Europe if their COVID-19 shots cause unexpected side-effects, an industry official said on Tuesday, urging European regulators to set up more predictable schemes to compensate possible victims.
Posted: Sep 22, 2020
With U.S. hospitals still ordering alternative personal protective equipment manufactured in China due to ongoing shortage of U.S.-made “N95” masks, a research organization is sounding the alarms that upwards of 70% of the masks intended to filter ou...
Posted: Sep 22, 2020
The U.S. Occupational Safety and Health Administration will hold a public meeting about potential whistleblowing issues in the health care and retail industries and ways it can provide better assistance, the agency announced on the Federal Register.
Posted: Sep 22, 2020
The U.S. Department of Labor on Tuesday said it would soon propose a rule that could make it easier to classify workers as independent contractors rather than employees, a major issue for the “gig economy” and other industries that use contractors to...
Posted: Sep 22, 2020
(Reuters) — The Securities and Exchange Commission is poised to walk back a proposal to impose discretionary caps on whistleblower awards and tighten deadlines for formally filing tips when it votes to overhaul the bounty program this week, five peop...
Posted: Sep 22, 2020
Insurance Australia Group Ltd. has appointed Nick Hawkins as chief executive and managing director, effective Nov. 2.
Posted: Sep 22, 2020
Insurance claims related to the 5.5 magnitude earthquake that hit the Croatian capital city of Zagreb on March 22 are expected to reach €63 million ($74 million).
Posted: Sep 22, 2020
U.K.-based clothing firm Superdry PLC's pre-tax loss nearly doubled year-over-year to around £167 million ($215 million) in the financial year ended April 25, due to the COVID-19 pandemic.
Posted: Sep 22, 2020
Saudi Reinsurance Co. has received a Shariah certificate from the Shariyah Review Bureau, boosting its credentials in the takaful and reinsurance sectors.
Posted: Sep 22, 2020