Business Insurance
Seven insurers have bid for a 1.3 billion Egyptian pounds ($82.4 million) insurance policy tender of Egypt's General Authority for Investment and Free Zones.
Posted: Sep 28, 2020
Wholesale broker Boston Insurance Brokerage LLC said Friday it has named Keith Driscoll CEO.
Posted: Sep 25, 2020
The widow of a sheriff’s deputy who died after surgery related to his workplace injury a decade earlier is entitled to benefits but not a lump sum payout under state law, the Kentucky Supreme Court unanimously held Thursday.
Posted: Sep 25, 2020
A U.S. district court refused to dismiss a COVID-19 business interruption case filed by a medical group against a Hartford Insurance Group unit Thursday, holding that a virus exclusion in the policy is ambiguous.
Posted: Sep 25, 2020
Alphabet Inc. has settled a shareholder lawsuit that accused the Google parent of paying lavish exit packages to executives found responsible for sexual misconduct, saying it would increase oversight of its diversity and equity efforts.
Posted: Sep 25, 2020
The Ohio Bureau of Workers Compensation’s board of directors has approved a $1.5 billion workers compensation dividend recommended by Republican Gov. Mike DeWine to help employers in the state weather the impact of COVID-19, the agency announced Frid...
Posted: Sep 25, 2020
New Jersey lawmakers have passed legislation to increase the burial expense reimbursement amount for the dependents of workers who die on the job.
Posted: Sep 25, 2020
The Supreme Court of Illinois on Thursday ruled a chef’s knee injury, suffered as he knelt to look for a tray of carrots, was compensable, reversing several earlier court decisions that in part found the injury to not be work-related.
Posted: Sep 25, 2020
When it comes to professional football players and commercials, insurance joins that of shoes, fast food and phone plans, according to an online news publication tackling the top 21 National Football League players-turned-actors when it comes to sell...
Posted: Sep 25, 2020
Sedgwick Claims Management Services Inc. has appointed Michael Alwyn president of operations in Canada, the third-party administrator announced in a statement Thursday.
Posted: Sep 25, 2020
A Virginia Senate committee on Thursday killed a bill that would have made COVID-19 a compensable workers compensation injury by presumption for some workers.
Posted: Sep 25, 2020
Allianz SE on Friday named Christopher Townsend, former CEO of American International Group Inc.’s international general insurance operations, to its management board, as part of a series of changes.
Posted: Sep 25, 2020
Litigation has been much in the news this week on several fronts, including battles over business interruption cover during the coronavirus pandemic, executive poaching and the lack of Black directors on a corporate board.
Posted: Sep 25, 2020
Specialist insurance broker Howden Broking Group Ltd. has agreed to acquire U.K.-based commercial and personal lines insurance broker A-Plan Group Ltd.
Posted: Sep 25, 2020
A report by U.S.-based Fitch Ratings Inc. said that continued expansion of the insurance-linked securities market in Asia will help insurers and reinsurers there expand their underwriting and diversify capacity sources.
Posted: Sep 25, 2020
The professional indemnity market of Australia is expected to soften by mid-to-late 2021 as more insurers are likely to re-enter the market on the back of improving risk management and compliance.
Posted: Sep 25, 2020
According to India-based credit ratings agency Care Ratings Ltd., nonlife insurers in India recorded a 3.6% growth in premiums in the fiscal first five months through August.
Posted: Sep 25, 2020
U.K.-based bakery chain Greggs PLC has temporarily suspended production at its Longbenton site, near Newcastle, after workers at the site tested positive for Covid-19.
Posted: Sep 25, 2020
Vietnam’s insurance sector reported 15% year on year rise in total premium to 83.08 trillion Vietnamese dong ($3.57 billion) in the first half of 2020.
Posted: Sep 25, 2020
Microsoft Corp. said on Thursday it supports the Cyberspace Solarium Commission, which recommends the re-establishment of a cybersecurity czar.
Posted: Sep 24, 2020
Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving prospects for its $11 billion deal to end the litigat...
Posted: Sep 24, 2020
The U.S. Securities and Exchange Commission voted 3-2 on Wednesday to make it tougher for shareholders to push companies on issues such as climate change, social justice and diversity, with Democratic commissioners dissenting against the move.
Posted: Sep 24, 2020
Tyler Technologies Inc., whose products are used by U.S. states and counties to share election data, said on Wednesday that an unknown party had hacked its internal systems.
Posted: Sep 24, 2020
Michigan lawmakers passed several bills Wednesday related to the reopening of businesses and schools that would protect employees who stay away from work due to COVID-19 symptoms or exposure and limit the liability of businesses if their employees or...
Posted: Sep 24, 2020
A shareholders derivative directors and officers liability lawsuit has been filed against a vaccine development company for allegedly issuing false information about a COVID-19 vaccine.
Posted: Sep 24, 2020