Business Insurance
Ontellus, nationwide full-service procurer of medical, billing, employment records, and other claims related data services, announced Thursday it has acquired digital platforms INTERTEL and MasterTrace.
Posted: Oct 01, 2020
Technology is helping the insurance industry navigate obstacles that have arisen during the COVID-19 pandemic, but the sector generally been slow to adopt new technology, a panel of experts said.
Posted: Oct 01, 2020
Cybersecurity firm Hub Security is teaming with Marsh & McLennan Cos. Inc. to offer cold storage insurance for U.S.-based financial institutions offering digital asset custodial services, Tel Aviv, Israel-based Hub said in a statement Thursday.
Posted: Oct 01, 2020
Wholesaler CRC Insurance Services Inc. said Thursday it has acquired Shreveport, Louisiana-based managing general agency and surplus lines broker Specialty Risk Associates Inc.
Posted: Oct 01, 2020
Axis Insurance Co. said Thursday it has hired four senior underwriters — two from Chubb Ltd., and one each from Arthur J. Gallagher & Co. and Starr Cos. — to its U.S. management liability team.
Posted: Oct 01, 2020
The U.S. Senate Commerce Committee on Thursday unanimously voted to approve a plan to subpoena chief executives of Twitter, Alphabet’s Google and Facebook for a hearing likely to be held before the election on a prized legal immunity enjoyed by inter...
Posted: Oct 01, 2020
A man who took several full-duty positions at other companies following his workplace back injury is not entitled to workers compensation, an appellate court ruled Wednesday.
Posted: Oct 01, 2020
MedRisk LLC named Danielle Lisenbey president, the workers compensation managed care firm announced Thursday.
Posted: Oct 01, 2020
MedRisk LLC named former Crawford & Co. executive Danielle Lisenbey president, the workers compensation managed care firm announced Thursday.
Posted: Oct 01, 2020
The California Department of Industrial Relations has fined five Los Angeles-area grocery stores between $13,500 and $25,560 for failing to protect workers from exposure to COVID-19 because they did not update their workplace safety plans to properly...
Posted: Oct 01, 2020
U.N. shipping agency the International Maritime Organization said on Thursday its website and intranet had been disabled by a sophisticated cyberattack and its IT specialists had shut down key systems to prevent further damage.
Posted: Oct 01, 2020
The Oregon Workers' Compensation Division on Wednesday announced a temporary rule to ensure appropriate and consistent processing of claims for COVID-19 or exposure to the coronavirus.
Posted: Oct 01, 2020
Government funding legislation, including an extension of the National Flood Insurance Program through Sept. 30, 2021, was signed into law by President Trump Thursday.
Posted: Oct 01, 2020
Weathering a cybersecurity breach that occurred Saturday, Arthur J. Gallagher & Co. on Wednesday reported “significant progress” in restoring its full capabilities, including phone, fax and conferencing capabilities to receive new claims.
Posted: Oct 01, 2020
Seven insurers plan to appeal the Supreme Court's ruling on the U.K. Financial Conduct Authority's test case for non-payment of COVID-19 pandemic-related business interruption claims.
Posted: Oct 01, 2020
A report by U.S.-based insurance broker Arthur J. Gallagher & Co. said that the COVID-19 pandemic and hard market have made it challenging for Australian businesses to renew their insurance policies.
Posted: Oct 01, 2020
Lloyd's of London has launched a new cyber business interruption insurance policy for small and medium sized enterprises.
Posted: Oct 01, 2020
The European Commission has fined Germany-based automotive suppliers Brose Fahrzeugteile GmbH & Co. KG and Kiekert AG €18 million ($21 million) for taking part in cartels.
Posted: Oct 01, 2020
Data from the Albanian Financial Supervisory Authority showed that local insurers' gross written premiums fell nearly 6.5% year-on-year to more than 10.6 billion Albanian leks ($99.3 million) in the first eight months of 2020.
Posted: Oct 01, 2020
The China Banking and Insurance Regulatory Commission and the country's central bank have established a capital buffer mechanism to prevent systemic financial risks.
Posted: Oct 01, 2020
A court has ordered the Japanese government and Tokyo Electric Power Company Holdings Inc. to pay around 1 billion Japanese yen ($9.5 million) for failing to take measures to prevent the 2011 Fukushima nuclear disaster.
Posted: Oct 01, 2020
Experts have said that a lack of trained and competent technical staff in Egypt's insurance industry could make it difficult for insurers.
Posted: Oct 01, 2020
Liberty Mutual’s matrix ranks nine factors that are driving insurance rates higher by frequency and impact. See what’s behind this trend.
Posted: Oct 01, 2020
The U.S. Equal Employment Opportunity Commission, which has been operating with just three commissioners instead of its full complement of five, now has a fourth member.
Posted: Sep 30, 2020
Britain’s markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to small businesses battered by the coronavirus pandemic, dashing hopes that a Supreme Court appeal could be easily avoided.
Posted: Sep 30, 2020