Business Insurance
Data from Brazil's National Institute for Space Research showed that the number of wildfires in Sao Paulo more than doubled year-over-year to 4,214 so far in 2020.
Posted: Sep 17, 2020
A study by PricewaterhouseCoopers LLP's strategy consulting subsidiary Strategy& found that the Aug. 4 blast at Beirut port caused around $20 billion worth of damage.
Posted: Sep 17, 2020
The Saudi Arabian Monetary Authority has approved several insurance policies that cover cancellation of live events, as part of its efforts to develop the local insurance market.
Posted: Sep 17, 2020
A federal appeals court on Wednesday will consider whether Harvard University discriminates against Asian-American applicants in a closely watched case that could impact whether U.S. colleges can use race as a factor in admissions.
Posted: Sep 16, 2020
The U.S. Justice Department said on Wednesday it has charged five Chinese residents and two Malaysian businessmen in a wide-ranging hacking effort that encompassed targets from videogames to pro-democracy activists.
Posted: Sep 16, 2020
California reforms over the past 20 years have had a significant impact on workers compensation in the state, leading to reductions in major surgery events, drug spend per claim and lien filing, according to a study released Tuesday by the California...
Posted: Sep 16, 2020
U.S. investors expect the securities regulator to drop a contentious provision in a new rule that would make it tougher for them to push companies on issues such as climate change and social justice, according to three people briefed on the matter.
Posted: Sep 16, 2020
OneBeacon Insurance Group LLC, the brand for Intact Financial Corp.’s U.S. insurance company subsidiaries, on Wednesday said it has acquired the renewal rights to Brit Global Specialty USA’s admitted first dollar package public entity portfolio.
Posted: Sep 16, 2020
Liberty Mutual Insurance Co. said Wednesday it has named Marc Orloff president, North American field operations, global risk solutions, replacing Shaun Kelly, who has decided to leave the company.
Posted: Sep 16, 2020
Lawmakers in New Jersey are considering a bill that would prohibit workers compensation insurers from filing subrogation claims against a third party for employee injuries arising from automobile accidents.
Posted: Sep 16, 2020
The back-up safety driver behind the wheel of a self-driving Uber Technologies Inc. test vehicle that struck and killed a woman in Tempe, Arizona, in 2018 was charged with negligent homicide, prosecutors said on Tuesday.
Posted: Sep 16, 2020
Washington state’s Department of Labor and Industries is proposing no increase in workers compensation premiums for employers in the state, the agency said Tuesday in a statement. If adopted, this will be the fourth year in a row that workers comp ra...
Posted: Sep 16, 2020
A railroad failed to reasonably accommodate a hearing-impaired conductor who was terminated, a federal appeals court said Monday, in overturning a lower court ruling and reinstating his disability discrimination claim.
Posted: Sep 16, 2020
Families of Boeing 737 MAX crash victims are urging U.S. lawmakers to ensure the aircraft manufacturer is held accountable for accidents that together killed 346 people by blocking a key legal defense, according to a letter sent on Tuesday and seen b...
Posted: Sep 16, 2020
Arthur J. Gallagher and Co. Inc. on Wednesday said it has acquired West Monroe, Illinois-based The Kirksey Agency Inc. in a deal expanding its agricultural expertise.
Posted: Sep 16, 2020
A Brown & Brown Inc. unit has acquired Brookstone Insurance Group LLC, the Daytona Beach, Florida-based brokerage said in a statement Wednesday.
Posted: Sep 16, 2020
Hurricane Sally made landfall on Alabama’s Gulf Coast on Wednesday morning as a Category 2 hurricane, spreading strong winds inland across the region, the latest in what has been a busy season of dangerous storms in the United States.
Posted: Sep 16, 2020
Murray Pulman says he is as tough as they come, but battles with his insurer have left him close to tears after a coronavirus lockdown forced his family-run cafe The Posh Partridge to close.
Posted: Sep 16, 2020
Posted: Sep 16, 2020
Brazil-based petrochemical firm Braskem SA expects to pay an additional 3.3 billion Brazilian real ($626 million) in compensation related to the geological damage caused by its former salt mining operation in the state of Alagoas.
Posted: Sep 16, 2020
South Korea has declared five southern and eastern regions, recently battered by typhoons Maysak and Haishen, as special disaster zones.
Posted: Sep 16, 2020
Czech Republic-based railway operator Ceske Drahy posted a loss of nearly 2 billion Czech koruna ($89 million) in the first six months of the year due to the COVID-19 pandemic.
Posted: Sep 16, 2020
The storm that hit New Zealand's Northland region on July 17 and 18 caused $55 million New Zealand ($37 million) worth of damage.
Posted: Sep 16, 2020
Shifts in social attitudes have led to a big bump in the cost of liability claims. Liberty Mutual will walk you through the factors behind this trend – and outline six critical strategies to help counter social inflation.
Posted: Sep 16, 2020
Flu season is fast approaching as the COVID-19 pandemic continues, leaving employers and health care providers alike worrying how they will differentiate between the two and protect their workforce.
Posted: Sep 16, 2020