Business Insurance
Alera Group has promoted Brian Caracciolo to chief financial officer, Carolyn L. Cox to executive vice president, general counsel, and William Corrigan to chief operating officer, the broker said in a statement Tuesday.
Posted: Sep 29, 2020
Fiat Chrysler will pay a $9.5 million civil penalty to settle allegations it misled investors by not disclosing that it conducted only a limited internal review of its compliance with emissions regulations, the Securities and Exchange Commission said...
Posted: Sep 29, 2020
Starr Insurance Cos. has named Andy Trundle as head of global aviation, the insurer said in a statement Tuesday.
Posted: Sep 29, 2020
California Gov. Gavin Newsom on Monday signed into law workplace safely protections for agricultural workers in the state.
Posted: Sep 29, 2020
Saul Sanchez died in April, one of six workers with fatal COVID-19 infections at meatpacker JBS USA's slaughterhouse in Greeley, Colorado, the site of one of the earliest and deadliest coronavirus outbreaks at a U.S. meatpacking plant.
Posted: Sep 29, 2020
Arthur J. Gallagher & Co. late Monday revealed additional details on a ransomware incident it first disclosed earlier in the day and said it is in the process of restarting its systems.
Posted: Sep 29, 2020
A report said that Australia and New Zealand are in the midst of the most volatile and restrictive directors & officers liability insurance market in their history.
Posted: Sep 29, 2020
The China Banking and Insurance Regulatory Commission has issued draft rules to rein in the country's online insurance sector.
Posted: Sep 29, 2020
South Africa-based African Risk Capacity plans to expand coverage to non-sovereign entities, as it looks to grow and diversify its portfolio.
Posted: Sep 29, 2020
Australia-based Ardent Leisure Group Ltd. has been fined $3.6 million Australia ($2.5 million) over the deaths of four people in an accident on a river rapids ride in 2016.
Posted: Sep 29, 2020
Switzerland-based New Reinsurance Co. Ltd., a subsidiary of Munich Reinsurance Co., has appointed Thomas Braune as chief executive.
Posted: Sep 29, 2020
Issuance of insurance-linked securities slowed when the COVID-19 pandemic roiled markets earlier this year, but interest in the nontraditional reinsurance mechanisms has since picked up as investors continue to be attracted to investment vehicles tha...
Posted: Sep 29, 2020
A North Carolina construction worker is entitled to more than $1 million in damages and attorney’s fees after he was fired for complaining about his supervisor’s intoxication at jobsites, an appellate court ruled.
Posted: Sep 28, 2020
Hartford Steam Boiler Inspection & Insurance Co. said Monday it has added new coverages for small and mid-size businesses under its HSB Total Cyber product.
Posted: Sep 28, 2020
Universal Health Services Inc. said on Monday that its network has been knocked offline following an unspecified “IT security issue.”
Posted: Sep 28, 2020
Ascot Group Ltd. on Monday named former Marsh LLC executive Andy Stirk as chief commercial officer, and former Nationwide Mutual Insurance Co. executive Elizabeth Johnson as North America chief underwriting officer.
Posted: Sep 28, 2020
Guy Carpenter & Co. LLC, the reinsurance brokerage unit of Marsh & McLennan Cos. Inc., named former Aon PLC executive Paul Miller to lead Guy Carpenter’s property catastrophe business for U.K., global specialties and key global clients, effective Sep...
Posted: Sep 28, 2020
Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz SE, one of the world’s top asset managers, for failing to safeguard their investments during the coronavirus market meltdown.
Posted: Sep 28, 2020
The actor Bill Murray and the Doobie Brothers are in a legal feud over the actor’s golf apparel company’s use of a song without permission. And it’s getting ugly… in a funny way, according to legal letters that posted to Twitter over the weekend.
Posted: Sep 28, 2020
Gallagher Bassett Services Inc. is investigating a cyber event that affected a small percentage of its information systems, including email, according to an announcement made Monday.
Posted: Sep 28, 2020
A consortium led by German insurer Allianz SE is in advanced talks to buy U.K.-based insurer Aviva PLC's French operations.
Posted: Sep 28, 2020
Japan-based insurer Sompo Holdings Inc. will not insure and invest in new construction of coal-fired power plants in the country.
Posted: Sep 28, 2020
Christian Mumenthaler, chief executive of Swiss Re Ltd., said that collateralized reinsurance sidecar vehicles have helped the reinsurer attract fresh insurance-linked securities capital even during difficult times.
Posted: Sep 28, 2020
Insurers in the United Arab Emirates are trying to sell as many policies as possible in various lines of business, at preferential prices, by the end of the year.
Posted: Sep 28, 2020
A conveyor belt caught fire and produced dangerous levels of carbon monoxide at a coal mine in southwest China on Sep. 27, killing 16 workers and injuring one other.
Posted: Sep 28, 2020