Business Insurance
The government of Ecuador said that the ash fall from the Sangay volcano on Sep. 20 has damaged around 80,000 hectares of crops.
Posted: Sep 22, 2020
A survey by U.K.-based data analytics firm GlobalData PLC found that nearly 40% of small and medium enterprises in the United Kingdom are interested in buying pandemic-specific insurance policies.
Posted: Sep 22, 2020
Atilla Benli, chairman of Turkey Insurance, said that the state insurer plans to provide insurance in risky or remote areas where coverage has previously been unavailable.
Posted: Sep 22, 2020
(Reuters) – Specialist insurer Beazley PLC is bracing for claims linked to the novel coronavirus pandemic to double to $340 million, with almost all the estimated increase arising from events cancelled in the wake of a recent spike in infections.
Posted: Sep 22, 2020
Despite her well-deserved reputation for being an advocate for women’s rights, Justice Ruth Bader Ginsburg’s legacy on the U.S. Supreme Court was, in fact, more nuanced, and she wrote a number of pro-business rulings, experts say.
Posted: Sep 22, 2020
Lockton Cos. LLC on Monday announced a partnership with Birwood Services Group, a Detroit-based minority-owned brokerage that was formed earlier this year.
Posted: Sep 21, 2020
Monster Beverage Corp. has become the latest company to be sued for not having any Black directors on its board.
Posted: Sep 21, 2020
Independent medical reviews of workers compensation claims in California dropped nearly 18% in the first half of 2020 compared with the same time in 2019, according to a bulletin released Friday by the California Workers Compensation Institute.
Posted: Sep 21, 2020
Axon Underwriting Services LLC’s crisis management unit has launched a political violence and property terrorism unit for U.S.-domiciled clients, the program administrator said Monday in a statement.
Posted: Sep 21, 2020
Desperate to keep within union rules for health insurance eligibility, a former writer for the forthcoming television series “The Dropout” tweeted that she needed 80 minutes of writer’s assistant work to keep her health insurance. And it worked.
Posted: Sep 21, 2020
Hurricane Sally’s winds, storm surge and inland flood caused insured losses of $1 billion to $3 billion, according to AIR Worldwide, part of Verisk Analytics Inc.
Posted: Sep 21, 2020
Ford Motor Co. does not have to cover massage therapy for an injured worker in part because the treatment was not prescribed by a doctor, an appeals court in Michigan ruled Thursday.
Posted: Sep 21, 2020
The Travelers Cos. Inc. has introduced virtual and on-site ergonomic assessments using artificial intelligence to reduce the risk of musculoskeletal disorders in its customers’ workforce, the insurer said Monday in a statement.
Posted: Sep 21, 2020
Davies Group Ltd. has acquired long-term care insurance third-party administrator TriPlus Services Inc., the London-based claims management and insurance services firm said Monday in a statement.
Posted: Sep 21, 2020
The Risk and Insurance Management Society Inc. and Mumbai, India-based J.B. Boda Insurance and Reinsurance Brokers Pvt. Ltd. on Monday said they had agreed to jointly develop content, market research and education for risk professionals in India and...
Posted: Sep 21, 2020
Arthur J. Gallagher & Co. said Monday it has acquired Schenectady, New York-based Charles W. Merriam & Son Inc., which does business as The Merriam Agency, in a deal that strengthens its nonprofit expertise.
Posted: Sep 21, 2020
The Insurance Regulatory and Development Authority of India plans to tighten solvency requirements of insurers to ensure that they have sufficient capital adequacy to withstand socioeconomic shocks such as the coronavirus pandemic.
Posted: Sep 21, 2020
Natural disasters have caused more than 4 trillion Vietnamese dong ($175.2 million) worth of damage between Jan. 1 and Aug. 22 in Vietnam.
Posted: Sep 21, 2020
Seven consortiums that manage highways across Greece are seeking more than €83 million ($98 million) for loss of toll revenues due to the COVID-19 pandemic.
Posted: Sep 21, 2020
Italy-based claims consultant e-Technical Consulting SRL has been tapped to help businesses and insurers negotiate claims related to the Aug. 4 Beirut port blast.
Posted: Sep 21, 2020
Hong Kong's civil aviation watchdog has suspended Air India Ltd.'s operations to the city-state until Oct. 3 after passengers traveling to the region tested positive for coronavirus.
Posted: Sep 21, 2020
The Geophysical Institute of Ecuador said that Sangay volcano's activity increased significantly, with tremors, explosions and ash emissions on Sep. 20.
Posted: Sep 21, 2020
Beazley Group PLC on Thursday announced it has revamped the leadership structure of its U.S. executive risk insurance team under New York-based Jeremie Saada.
Posted: Sep 18, 2020
Britain’s markets watchdog said on Friday it was “critical” that insurers pay valid claims in full at the earliest possible date, following a High Court ruling on business interruption insurance.
Posted: Sep 18, 2020
Convex Group Ltd. on Friday named Matt Paskin CEO of Bermuda-based Convex Re Ltd. and Theo Butt CEO of London-based Convex Insurance UK Ltd.
Posted: Sep 18, 2020