Business Insurance
The Risk and Insurance Management Society Inc. and Mumbai, India-based J.B. Boda Insurance and Reinsurance Brokers Pvt. Ltd. on Monday said they had agreed to jointly develop content, market research and education for risk professionals in India and...
Posted: Sep 21, 2020
Arthur J. Gallagher & Co. said Monday it has acquired Schenectady, New York-based Charles W. Merriam & Son Inc., which does business as The Merriam Agency, in a deal that strengthens its nonprofit expertise.
Posted: Sep 21, 2020
The Insurance Regulatory and Development Authority of India plans to tighten solvency requirements of insurers to ensure that they have sufficient capital adequacy to withstand socioeconomic shocks such as the coronavirus pandemic.
Posted: Sep 21, 2020
Natural disasters have caused more than 4 trillion Vietnamese dong ($175.2 million) worth of damage between Jan. 1 and Aug. 22 in Vietnam.
Posted: Sep 21, 2020
Seven consortiums that manage highways across Greece are seeking more than €83 million ($98 million) for loss of toll revenues due to the COVID-19 pandemic.
Posted: Sep 21, 2020
Italy-based claims consultant e-Technical Consulting SRL has been tapped to help businesses and insurers negotiate claims related to the Aug. 4 Beirut port blast.
Posted: Sep 21, 2020
Hong Kong's civil aviation watchdog has suspended Air India Ltd.'s operations to the city-state until Oct. 3 after passengers traveling to the region tested positive for coronavirus.
Posted: Sep 21, 2020
The Geophysical Institute of Ecuador said that Sangay volcano's activity increased significantly, with tremors, explosions and ash emissions on Sep. 20.
Posted: Sep 21, 2020
Beazley Group PLC on Thursday announced it has revamped the leadership structure of its U.S. executive risk insurance team under New York-based Jeremie Saada.
Posted: Sep 18, 2020
Britain’s markets watchdog said on Friday it was “critical” that insurers pay valid claims in full at the earliest possible date, following a High Court ruling on business interruption insurance.
Posted: Sep 18, 2020
Convex Group Ltd. on Friday named Matt Paskin CEO of Bermuda-based Convex Re Ltd. and Theo Butt CEO of London-based Convex Insurance UK Ltd.
Posted: Sep 18, 2020
A dentist in Anchorage, Alaska, who filmed himself riding a hoverboard during a tooth-pulling procedure on a patient who was under anesthesia is in the headlines again.
Posted: Sep 18, 2020
Alliant Insurance Services Inc. on Thursday accused rival brokerage Arthur J. Gallagher & Co. of “forum-shopping and judge-shopping” in filing a suit over alleged staff poaching in a Delaware state court earlier this week.
Posted: Sep 18, 2020
A group of industry associations, medical groups and safety organizations are urging the U.S. House of Representatives to hold hearings about potential workplace safety impacts if marijuana is federally decriminalized.
Posted: Sep 18, 2020
MedRisk Inc. announced changes to its top leadership roles Friday, with CEO Mike Ryan stepping into the executive chairman role and Ken Martino taking his place as CEO and president.
Posted: Sep 18, 2020
German prosecutors opened a homicide investigation on Friday into the case of a patient who died after a hospital in the western city of Duesseldorf was unable to admit her because its systems had been knocked out by a cyberattack.
Posted: Sep 18, 2020
This week’s most popular stories featured broker Arthur J. Gallagher & Co. suing Alliant Insurance Services Inc. in a poaching accusation. A story on Alliant hiring a former Willis Towers Watson PLC M&A specialist was No. 2 for page views for the wee...
Posted: Sep 18, 2020
A report by the Insurance Regulatory and Development Authority of India said that the regulator is considering setting up a pandemic risk pool with a 750 billion Indian rupees ($10 billion) guarantee from the government.
Posted: Sep 18, 2020
Australia-based QBE Insurance Group Ltd. plans to appeal the London High Court's verdict in the U.K. Financial Conduct Authority's business interruption test case, as the ruling would expose the insurer to around $170 million in additional claims.
Posted: Sep 18, 2020
South Korea-based Kia Motors Corp. suspended operations at two of its plants in Gwangmyeong city from Sep. 16, after at least nine workers tested positive for coronavirus.
Posted: Sep 18, 2020
French insurer Axa SA plans to appeal a Paris court's ruling ordering it to pay five restaurant owners' COVID-19 pandemic-related business interruption claims.
Posted: Sep 18, 2020
The General Insurance Association of Singapore has extended relief measures to corporate customers to ease the financial strain caused by the COVID-19 pandemic.
Posted: Sep 18, 2020
U.S. electric carmaker Tesla Inc. won its case against a former employee, who was fired for hacking and transferring company data to third parties, according to court documents filed on Thursday.
Posted: Sep 18, 2020
Gov. Mike DeWine, R-Ohio, has signed into law legislation that protects businesses and others from lawsuits arising from exposure to COVID-19, so long as they do not show intentional misconduct.
Posted: Sep 17, 2020
California Gov. Gavin Newsom on Thursday signed into law measures to make it easier for front-line workers to receive workers comp benefits if they contract COVID-19 on the job and require employers to promptly report potential coronavirus outbreaks...
Posted: Sep 17, 2020