Business Insurance
There can only be one Evel Knievel, at least according to a lawsuit filed against Disney and Pixar alleging that “Toy Story 4’s” character of Duke Caboom stole his “likeness” without permission.
Posted: Sep 24, 2020
An appellate court affirmed a citation levied against a produce processor after a worker was seriously injured after being caught in a conveyer belt.
Posted: Sep 24, 2020
Insurers would have to conduct a “reasonable investigation” before denying a workers compensation claim related to exposure to COVID-19 on the job and report to state regulators when it has five or more such claims filed, according to a proposal by t...
Posted: Sep 24, 2020
A municipal sewage worker using an apparatus that was a known hazard cannot sue his coworkers for negligence because they did not direct him to use the equipment, an Iowa appeals court ruled Wednesday.
Posted: Sep 24, 2020
AssuredPartners Inc. has acquired People’s United Insurance Agency for $120 million cash, Lake Mary, Florida-based AssuredPartners said in a statement Thursday.
Posted: Sep 24, 2020
Marsh LLC has named former IBM Corp. executive Tamara Simpkins Franklin as chief digital, data and analytics officer, effective Oct. 1.
Posted: Sep 24, 2020
Multinational insurance programs require close communication among the client, the broker, the insurer and their various partners around the world, yet until recently the process was often managed by email.
Posted: Sep 24, 2020
Australia-based Westpac Banking Corp. has agreed to pay a record fine of $1.3 billion Australia ($920 million) to settle a lawsuit accusing it of enabling millions of payments to people exploiting children.
Posted: Sep 24, 2020
Silicon Valley's innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California's skies with smoke.
Posted: Sep 24, 2020
A massive fire broke out at India-based Oil and Natural Gas Corp.'s plant in Hazira, Surat, on Sep. 24, following a huge blast at two terminals.
Posted: Sep 24, 2020
Germany-based reinsurer Deutsche Ruckversicherung AG plans to start writing property/casualty reinsurance in the Middle East from Jan. 1.
Posted: Sep 24, 2020
A report by U.S.-based A.M. Best Co. Inc. said that reinsurers in the Middle East and North Africa region have demonstrated resilience in a difficult operating environment.
Posted: Sep 24, 2020
The English Football League expects its clubs will lose £200 million ($255 million) for the 2020-21 season, due to absence of crowds in the stadiums they are playing in.
Posted: Sep 24, 2020
The South Korean government has declared 24 more regions, hit by typhoons Maysak and Haishen, as special disaster areas.
Posted: Sep 24, 2020
A survey by the Bermuda Chamber of Commerce found that 8% or 45 businesses have shut down permanently due to disruptions caused by COVID-19 pandemic.
Posted: Sep 24, 2020
There have been a record 21 large-scale floods in China so far this year.
Posted: Sep 24, 2020
Lloyd's of London CEO John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed.
Posted: Sep 24, 2020
The Remote Collaboration feature of Zurich Risk Advisor was not a reaction to the COVID-19 pandemic, but the tool saw growing interest and demand when site visits and inspections became increasingly difficult amid the pandemic’s spread and resulting...
Posted: Sep 24, 2020
Nearly two years ago, Sedgwick Claims Management Services Inc. realized the needs of its global clients had come together in a perfect storm.
Posted: Sep 24, 2020
Escalating requests from clients for assistance in treating essential workers with COVID-19 prompted Paradigm Corp. to quickly develop additional resources to help companies respond to the pandemic.
Posted: Sep 24, 2020
When the coronavirus pandemic hit the United States earlier this year, risk managers across industry sectors faced a crisis few had seen before.
Posted: Sep 24, 2020
With supply chains becoming more critical, exposing companies to heightened risks, some organizations find it a stretch to validate their suppliers’ insurance coverage, ensure supply chain efficiency and avoid claims globally.
Posted: Sep 24, 2020
Sometimes looking for the solution to a problem can lead people to unexpected destinations. That was the case for Leo Bernstein, co-founder and CEO of LineSlip Solutions Inc. in New York.
Posted: Sep 24, 2020
FM Global recognized the growing hazard of cyber losses over the past few years and determined it needed to provide expert guidance to its clients, just as it already did for fire and earthquake risks.
Posted: Sep 24, 2020
Insurers, brokers, technology companies and others continue to roll out new products and services during the COVID-19 pandemic and in many cases the new offerings specifically address issues that risk managers face due to coronavirus-related concerns...
Posted: Sep 24, 2020