Business Insurance
Kroll Bond Rating Agency LLC will pay $2.01 million, mainly in fines, to settle U.S. Securities and Exchange Commission civil charges that some of its practices were inadequate to ensure its ratings would be accurate, the regulator said on Tuesday.
Posted: Sep 30, 2020
Sedgwick Claims Management Services Inc. named Jim Ryan to the newly created position of chief operating officer for the Americas.
Posted: Sep 30, 2020
Everest Re Group Ltd. has named Mark Kociancic, most recently group chief financial officer at Scor SE, as executive vice president and group chief financial officer, and Jim Williamson, most recently division president, small business, for Chubb Ltd...
Posted: Sep 30, 2020
The Securities and Exchange Commission said Wednesday it has awarded almost $30 million to two insider whistleblowers whose tips led its staff to open an investigation.
Posted: Sep 30, 2020
Next Insurance Services Inc. has expanded its workers compensation policies to 24 additional states, the Palo Alto, California-based insurtech company announced Wednesday.
Posted: Sep 30, 2020
The American Association of Safety Professionals has developed a new risk assessment technical tool aimed at helping safety professionals better protect workers, the association announced Tuesday.
Posted: Sep 30, 2020
There’s the pandemic and natural disasters, and now this: a homeowners’ association in Littleton, Colorado, is at war with a resident over the color of his garden mulch.
Posted: Sep 30, 2020
Texas is reporting an increase rise in workers compensation networks for treating injured workers: 30, up from 21 in 2019, according to a study released Wednesday on the state of medical networks in the Texas workers compensation system.
Posted: Sep 30, 2020
Bermuda-based insurance and reinsurance group Third Point Reinsurance Ltd. has named former American International Group Inc. executive David Junius as chief operating officer, effective Oct. 1.
Posted: Sep 30, 2020
California Gov. Gavin Newsom on Tuesday signed into law two bills that aim to ensure employers provide and stockpile personal protective equipment for health care workers and will impose up to $25,000 in penalties on those that don’t comply.
Posted: Sep 30, 2020
Anthem Inc. said on Wednesday it would pay $39.5 million as part of a settlement with U.S. states attorneys general following an investigation into a massive cyberattack at the company in 2015.
Posted: Sep 30, 2020
The U.S. Justice Department is expected to sue Alphabet's Google as soon as next week, and is currently urging state attorneys general to sign on to the lawsuit, according to three sources familiar with the process.
Posted: Sep 30, 2020
Irish insurer FBD Holdings PLC is changing the wording of its commercial insurance policies to exclude communicable diseases like COVID-19 from coverage.
Posted: Sep 30, 2020
Germany-based insurer Allianz SE's African subsidiary plans to buy a controlling stake in Kenyan counterpart Jubilee Holdings Ltd.'s general insurance business in Kenya, Tanzania, Uganda, Burundi and Mauritius.
Posted: Sep 30, 2020
A report by U.S.-based advisory firm KPMG LLP said that gross written premiums of listed insurers in Saudi Arabia increased 5.3% year-over-year to nearly 21.3 billion Saudi riyal ($5.7 billion) in the first half of 2020.
Posted: Sep 30, 2020
U.S.-based Moody's Investor Service Inc. said that some of India’s largest insurers are expected to reduce their exposure to high-risk assets.
Posted: Sep 30, 2020
The Croatian Financial Services Supervisory Agency said that even in the most conservative scenario, local insurers will be able to withstand the COVID-19 crisis.
Posted: Sep 30, 2020
Swedish live flight-tracking platform Flightradar24 AB suffered the third cyber attack within two days.
Posted: Sep 30, 2020
A new reinsurer, Africa Specialty Risk Group, targeting Africa , has been launched in London.
Posted: Sep 30, 2020
After a workplace accident or a near-miss, employers must review the incident to prevent future safety issues or to comply with regulatory requirements, but they need to take care that they are not creating documents that can be used against them, ex...
Posted: Sep 30, 2020
JPMorgan Chase & Co. has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.
Posted: Sep 29, 2020
The Securities and Exchange Commission has charged the president and chief science officer of a biotechnology company with making false and misleading statements about the development of a COVID-19 test, the agency said.
Posted: Sep 29, 2020
Hospital chain Universal Health Services Inc.’s network remains offline on Tuesday, two days after the company fell prey to an apparent ransomware attack, it told employees via text.
Posted: Sep 29, 2020
A Delaware court on Monday refused a motion to dismiss directors and officers liability litigation filed by insurers against an energy company that is being sued in connection with a merger.
Posted: Sep 29, 2020
A miner who contracted flesh-eating bacteria after scraping his knuckle on a locker after work is entitled to workers compensation for the months-long treatment he received for the virus, the Wyoming Supreme Court held Monday.
Posted: Sep 29, 2020