Business Insurance
The virus exclusion in a dentist’s commercial insurance policy with a unit of Nationwide Mutual Insurance Co. bars coverage for coronavirus-related losses, a federal court ruled Wednesday.
Posted: Sep 03, 2020
Markel Corp. has hired former Allianz cyber underwriter Kelly Castriotta for the newly created role of senior director, global cyber underwriting, the insurer announced in a statement Thursday.
Posted: Sep 03, 2020
China Reinsurance (Group) Corp.'s gross written premiums increased 20.5% year-on-year to more than 102 billion Chinese yuan ($15 billion) in the first six months of 2020.
Posted: Sep 03, 2020
Data from the Australian Prudential Regulation Authority showed that general insurers' gross written premiums fell 3.2% to $12.7 billion Australia ($9.3 billion) in the second quarter of the year.
Posted: Sep 03, 2020
Ibrahim Obaid Al-Zaabi, director general of the U.A.E. Insurance Authority, said that the country's insurers have sufficient capital to pay current and potential COVID-19-related claims.
Posted: Sep 03, 2020
Typhoon Maysak hit South Korea on Sep. 3 and caused widespread damage.
Posted: Sep 03, 2020
U.S. National Hurricane Center has issued a hurricane warning for the coast of Belize southward to the Guatemalan border as storm Nana approaches the nation.
Posted: Sep 03, 2020
Murat Izci, head of Turkey-based KDM Shopping Malls Leasing and Management Consulting, said that the country's shopping malls may not weather the fallout from a possible second wave of the COVID-19 pandemic.
Posted: Sep 03, 2020
Ford Motor Co. has long claimed its cars are “built for the road ahead.”
Posted: Sep 03, 2020
Twitter confirmed on Thursday that an account of Indian Prime Minister Narendra Modi's personal website was hacked with a series of tweets asking its followers to donate to a relief fund through cryptocurrency.
Posted: Sep 03, 2020
The number of lawsuits filed in federal courts under Title III of the Americans with Disabilities Act, which prohibits disability discrimination in places of public accommodation, dropped during the first half of the year amid pandemic shutdowns but...
Posted: Sep 02, 2020
Private equity-backed brokerage Alera Group has secured $150 million in funding from The Carlyle Group Inc., the companies announced Wednesday.
Posted: Sep 02, 2020
Workers compensation written premium in California dropped 5% in the first quarter, compared with the year-earlier period, California’s Workers Compensation Insurance Rating Bureau said Monday in its quarterly experience report.
Posted: Sep 02, 2020
Religious institutions’ “ministerial exception,” which protects them from employees’ discrimination claims with respect to hiring and firing, does not extend to hostile environment charges, a divided federal appeals court said in partially overturnin...
Posted: Sep 02, 2020
Lawyers for Harvey Weinstein’s bankrupt film studio on Wednesday presented a revised proposal to settle sexual misconduct claims against the disgraced former producer, but an attorney for accusers pledged to oppose the plan.
Posted: Sep 02, 2020
A survey of 1,000 U.S. workers found that 96% have lied about their reasons for taking a sick day, and of them only 27% regretted their fib and 41% said they’d do it again.
Posted: Sep 02, 2020
The U.S. Securities and Exchange Commission on Tuesday issued a joint $2.5 million award to two external analysts who flagged financial reporting abuses by Orthofix Medical Inc., the agency and the lawyers for the analysts said in separate statements...
Posted: Sep 02, 2020
Zurich Insurance Group on Wednesday announced new leadership for its North America operations and other management changes as it launched a digital services platform.
Posted: Sep 02, 2020
South Korean prosecutors have charged Lee Jae-yong, vice chairman of Samsung Electronics Co. Ltd., with stock manipulation, breach of trust and other offences.
Posted: Sep 02, 2020
The Insurance Council of Australia said that insurance and reinsurance claims related to the catastrophes that hit the country in the summer of 2019 and 2020 have reached $5.4 billion Australia ($4 billion).
Posted: Sep 02, 2020
Cristian Rosu, vice president at Romania's Financial Supervisory Authority, said that local insurers' gross written premiums decreased around 6% to 6 billion Romanian lei ($1.5 billion) in the first six months of 2020.
Posted: Sep 02, 2020
The Japan Meteorological Agency said that typhoon no. 9 hit Okinawa Prefecture on Sep. 1 and caused damage and injured five people.
Posted: Sep 02, 2020
Businesses in Cape Town have sued South Africa-based insurer Santam Ltd. for denying COVID-19 pandemic-related business interruption claims.
Posted: Sep 02, 2020
Pen Underwriting Ltd., the London-based managing general agent of Arthur J. Gallagher and Co. Inc., has increased its cyber insurance capacity to more than £55 million ($73.2 million) to support risks in the United States, United Kingdom, Canada and...
Posted: Sep 02, 2020
An earthquake of magnitude 7.0 struck off the coast of northern Chile on Sep. 1, and caused some damage and minor landslides.
Posted: Sep 02, 2020