Business Insurance
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
COVID-19 has not yet caused an increase in merger and acquisition-related insurance claims but the pandemic will likely lead to new trends in the sector, according to a report issued by Liberty Mutual Insurance Co. on Monday.
Posted: Sep 14, 2020
(Reuters) – Connecticut filed a lawsuit on Monday against oil giant Exxon Mobil Corp. for misleading the public over the impacts of climate change, becoming the latest state to target the fossil fuel industry for violating state consumer protection l...
Posted: Sep 14, 2020
Minnesota lawmakers have introduced a bill to make it easier for teachers and other school workers to receive workers compensation if they contract COVID-19 on the job.
Posted: Sep 14, 2020
A worker for a disability services provider in Ohio who applied for temporary total disability after filing a workers compensation claim following a back sprain in 2015 and who tested positive for marijuana use could still be entitled to benefits, th...
Posted: Sep 14, 2020
Insurtech investments this year have been robust despite the COVID-19’s economic fallout and could approach 2019’s record-breaking year, says a report issued Monday.
Posted: Sep 14, 2020
Alliant Insurances Services Inc. on Monday named former Willis Towers Watson PLC broker Larry Shapiro to lead its representations and warranties business.
Posted: Sep 14, 2020
A pair of San Diego barbershops can’t recover income lost due to coronavirus-related shutdowns from their insurer, a federal court ruled on Friday.
Posted: Sep 14, 2020
Lloyd’s of London on Monday named former American International Group Inc. insurtech executive Uwe Schoberth as U.S. market development director, based in Chicago.
Posted: Sep 14, 2020
Fateh Bekdache, chief executive of Lebanon-based Arope Insurance SAL, said insurers are unable to pay the claims related to the Aug. 4 blast at the Beirut port as the reason behind the explosion is still being investigated.
Posted: Sep 14, 2020
Indian tours and travel firm Cox & Kings Ltd.'s promoter said that some of its workers conspired with a bank to misappropriate funds, causing losses of more than 55.6 billion Indian rupees ($756 million).
Posted: Sep 14, 2020
A report by the Bank of Russia said that local insurers' profit increased more than 21% year-over-year to surpass 149 billion Russian rubles ($2 billion) in the first half of 2020.
Posted: Sep 14, 2020
Dennis Kessler, chief executive of France-based Scor SE, does not expect any issues in placing the reinsurer's retrocession program this year.
Posted: Sep 14, 2020
South Africa-based insurer African Risk Capacity is conducting a pilot study of a flood risk tool that could lead to the launch of parametric flood insurance.
Posted: Sep 14, 2020
The GFZ German Research Center for Geosciences said that an earthquake of magnitude 6.5 struck northern Chile on Sep. 11.
Posted: Sep 14, 2020