Business Insurance
London-based CFC Underwriting Ltd. said Monday it has introduced an upgraded cyber incident mobile app.
Posted: Sep 15, 2020
Diversity and inclusion in the insurance industry can only be achieved if it is supported by top management, said Black executives during a panel discussion.
Posted: Sep 15, 2020
Ryan Specialty Group LLC on Tuesday named Nick Cortezi as chairman and CEO of RSG Underwriting Managers LLC, succeeding Mike Rice, who plans to retire at the end of 2020.
Posted: Sep 15, 2020
Argo Group International Holdings Ltd. on Tuesday named former Markel Corp. executive David Corry as senior vice president, and head of its environmental business.
Posted: Sep 15, 2020
Another federal court in California on Monday ruled that an insurer does not have to cover business interruption losses for a policyholder that closed its operations due to government-ordered COVID-19 lockdowns.
Posted: Sep 15, 2020
Gov. Phil Murphy, D-New Jersey, on Monday signed into law a bill that provides workers compensation benefits for essential workers who acquire COVID-19.
Posted: Sep 15, 2020
Workers compensation policies with drug-free workplace program credits did not have lower claim frequency than comparable policies without such credits, according to a study released Tuesday by the National Council on Compensation Insurance.
Posted: Sep 15, 2020
Book publisher HarperCollins is suing “Mean Girls” actress Lindsey Lohan, accusing her of failing to write a book contracted with a $365,000 advance.
Posted: Sep 15, 2020
American International Group Inc. on Tuesday named former Guy Carpenter & Co. LLC executive James Nash president and CEO, AIG Japan Holdings KK.
Posted: Sep 15, 2020
Bayer AG has settled thousands of U.S. Roundup weed killer lawsuits as part of an $11 billion settlement, reaching deals with the only lawyers who took cases to trial over allegations the herbicide caused cancer.
Posted: Sep 15, 2020
Insureds of insolvent medical malpractice insurer Physicians’ Reciprocal Insurers will now have their new and renewal business written by a new, solvent entity, EmPRO Insurance Co., the company said Monday.
Posted: Sep 15, 2020
Arthur J. Gallagher & Co. on Monday sued rival brokerage Alliant Insurance Services Inc. and its private equity backer in a wide-ranging suit alleging Alliant targeted nearly 40 Gallagher staff and has taken on more than 80 of its clients in an ongoi...
Posted: Sep 15, 2020
The parent of Dunkin' Donuts on Tuesday reached a settlement with New York Attorney General Letitia James to resolve claims it failed to respond to "brute force" cyberattacks that compromised the online accounts of tens of thousands of customers.
Posted: Sep 15, 2020
Gallagher Bassett Services Inc. has launched a claims handling center that focuses on unique transportation exposures, the third-party administrator said in a statement Monday.
Posted: Sep 15, 2020
Canopius Group Ltd. on Tuesday named former Sompo America Insurance Services LLC executive Lisa Davis president and chief underwriting officer of Canopius USA, a unit of Lloyd’s of London insurer Canopius Group Ltd., effective Oct. 1.
Posted: Sep 15, 2020
Germany-based Munich Reinsurance Co. has stopped selling pandemic business cover after it took a €1.5 billion ($1.8 billion) hit in the first half of the year due to the COVID-19 pandemic.
Posted: Sep 15, 2020
U.K.-based insurance broker New Dawn Risk Group Ltd. has partnered with Singapore-based advisory and consulting firm Specialist Re Consultancy to boost its presence in China.
Posted: Sep 15, 2020
The Asian Development Bank has launched a pilot disaster insurance plan in the Philippines and approved a $500 million contingent disaster loan facility.
Posted: Sep 15, 2020
The European Mediterranean Seismological Centre said that an earthquake of magnitude 6.4 struck Russia on Sep. 15.
Posted: Sep 15, 2020
China-based Anbang Insurance Group Co. Ltd. will apply to the China Banking and Insurance Regulatory Commission for its liquidation.
Posted: Sep 15, 2020
Italy’s biggest insurer Generali has joined calls from investors and businesses for European Union leaders to raise greenhouse gas reduction targets to at least 55% by 2030.
Posted: Sep 15, 2020
London judges have ruled that some of the world's biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, Britain's Financial Conduct Authority (FCA) said on Tuesday.
Posted: Sep 15, 2020
Following a flurry of recent suits against companies over a lack of diversity at the board level, more companies that do not have Black directors or top officials should expect to face litigation that could trigger directors and officers liability cl...
Posted: Sep 14, 2020
The Department of Labor issued revised regulations to clarify paid leave requirements under the Families First Coronavirus Response Act, reaffirming that employees may take the leave only if work would otherwise be available to them.
Posted: Sep 14, 2020
Rural life offers a quiet existence of rolling hills, peaceful country towns, simplicity and, apparently, higher health insurance premiums for residents.
Posted: Sep 14, 2020