Business Insurance
The U.S. Justice Department unveiled a legislative proposal on Wednesday that seeks to reform a legal immunity for internet companies and follows through on President Donald Trump’s bid from earlier this year to crack down on tech giants.
Posted: Sep 23, 2020
Shopify Inc. said on Tuesday data of customers who shopped at fewer than 200 merchants listed on the company’s e-commerce platform was likely exposed after two employees tried to steal transaction records.
Posted: Sep 23, 2020
General Motors LLC has filed suit against one of its former directors, a former union official, whom it charges participated in two “sprawling and long-running criminal schemes.”
Posted: Sep 23, 2020
A Delaware state court ruled Tuesday that Chubb Ltd. units are obligated to reimburse Rite Aid Corp. for defense costs in connection with multidistrict opioid litigation.
Posted: Sep 23, 2020
A measure to extend the National Flood Insurance Program through Sept. 30, 2021, was passed by the U.S. House of Representatives on Tuesday as part of broader government funding legislation.
Posted: Sep 23, 2020
An aerospace engineering company did not improperly guard a machine that crushed the finger of an operator, the Occupational Safety and Health Review Commission held Monday in a unanimous decision.
Posted: Sep 23, 2020
A worker who was terminated after filing a workers compensation claim in part due to stress may proceed with his claim that his filing was retaliatory.
Posted: Sep 23, 2020
The U.S. Securities and Exchange Commission on Wednesday will finalize new conditions for its whistleblower bounty program, which will result in rewards being issued faster and some rewards rising in value, agency officials said.
Posted: Sep 23, 2020
Six health care facilities, including two nursing homes, and a police department have been cited by the California Division of Occupational Safety and Health for failing to take precautions to protect their employees from COVID-19.
Posted: Sep 23, 2020
A study released Monday by security camera company Safety.com found that security cameras put everyday Americans in the spotlight an average of 238 times a week.
Posted: Sep 23, 2020
Four former eBay Inc. workers have agreed to plead guilty to participating in a cyberstalking campaign against a Massachusetts couple whose online newsletter they viewed as critical of the e-commerce company.
Posted: Sep 23, 2020
CAC Specialty has recruited Matt Movafaghi, a former Chevron Corp. senior tax counsel, to help expand its tax insurance practice, the brokerage announced Tuesday.
Posted: Sep 23, 2020
A federal court in California on Tuesday ruled the virus exclusion in a property policy bars coverage for coronavirus-related business interruption claims and labeled as “nonsense” the policyholder’s argument that civil authority cover should kick in...
Posted: Sep 23, 2020
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.
Posted: Sep 23, 2020
U.K.-based insurer Aviva PLC is pursuing a potential sale of its French unit, which could be valued at around €3 billion ($3.5 billion).
Posted: Sep 23, 2020
The Aug. 4 blast at Beirut port has led to significant uncertainty in the Lebanese insurance sector.
Posted: Sep 23, 2020
The government of the Indian state of Karnataka said that rains and floods have caused 94.4 billion Indian rupees ($1.3 billion) worth of damage.
Posted: Sep 23, 2020
Cyclone Ianos hit Greece on Sep. 18 and caused widespread damage and disruption.
Posted: Sep 23, 2020
The Insurance Council of Australia is undertaking a project to reduce insurance fraud by increasing information sharing and e-business activities.
Posted: Sep 23, 2020
New Zealand government has asked insurers with more than $1 billion New Zealand ($665 million) in assets to disclose their climate-related risks.
Posted: Sep 23, 2020
Employers nationwide are following the legislative push to accept COVID-19 claims by presumption in workers compensation, changes that aren’t necessarily guaranteeing that such infectious disease claims will be greenlighted but instead promise a surg...
Posted: Sep 23, 2020
The Hanover Insurance Group Inc. said Tuesday it is expanding its online quote and issuing capability to include management liability and miscellaneous liability products.
Posted: Sep 22, 2020
A federal judge in Missouri on Monday issued his second ruling in favor of policyholders with coronavirus-related business interruption claims.
Posted: Sep 22, 2020
President Donald Trump plans to meet on Wednesday with a group of Republican state attorneys general about revising a key law that shields social media companies from liability for content posted by their users and allows them to remove lawful but ob...
Posted: Sep 22, 2020
Patriot Growth Insurance Services LLC has acquired Capstone Brokerage Inc., Patriot said in a statement Tuesday.
Posted: Sep 22, 2020