Business Insurance
A Florida jury found electric car maker Tesla Inc. 1% negligent in the death of an 18-year-old man whose Model S sedan slammed into a concrete wall after the car’s speed limiter had been deactivated, with the teenager and his father found to be 99% a...
Posted: Jul 20, 2022
Acting on the referrals, the Occupational Safety and Health Administration is investigating workplace safety issues at Amazon.com Inc. facilities in New York, Illinois and Florida, an OSHA spokeswoman said Tuesday.
Posted: Jul 20, 2022
Thomas Holzheu, chief economist, Americas, for Swiss Re, discusses how rising inflation will hit insurers and policyholders over the next year and beyond.
Posted: Jul 20, 2022
Earlier this month, the Occupational Safety and Health Administration announced a new initiative to conduct surprise safety inspections for fall hazards. A day later, the agency announced $32,113 in fines for a Florida construction company where a 19...
Posted: Jul 19, 2022
The New Jersey Supreme Court partially overturned a state appeals court on Monday and held that a condominium can pursue claims against an insurer of allegedly insolvent policyholders, but they must be arbitrated.
Posted: Jul 19, 2022
The Federal Trade Commission and National Labor Relations Board said Tuesday they have formed a partnership to protect workers from anti-competitive, unfair and deceptive practices, with areas of “mutual interest” including noncompete and nondisclosu...
Posted: Jul 19, 2022
Surplus lines premiums increased 32.4%, to $31.4 billion in the first half, according to the U.S. Surplus Lines Service and Stamping Offices’ 2022 midyear report, which was issued Tuesday.
Posted: Jul 19, 2022
Relation Insurance Inc. said Tuesday it has acquired Owings, Maryland-based Insurance Inc.
Posted: Jul 19, 2022
Twitter Inc.’s lawsuit seeking to hold Elon Musk to his $44 billion takeover will go to trial in October, a Delaware judge ruled on Tuesday, adopting a schedule closer to the proposal by the social media company.
Posted: Jul 19, 2022
Hub International Ltd. said Tuesday it has named Andy Prill, formerly president and CEO of Hub Northwest, to regional president of the newly created Mountain Northwest region.
Posted: Jul 19, 2022
Facebook owner Meta Platforms Inc. was hit with a trademark lawsuit in Manhattan federal court Tuesday by MetaX LLC, a company that creates immersive virtual reality experiences, for allegedly stealing its name.
Posted: Jul 19, 2022
The work to design a catastrophe bond for the Caribbean region is underway with the support of the World Bank, with four countries currently engaged, including Jamaica and as many as four others thought likely to join.
Posted: Jul 19, 2022
After a hacker claimed that they had gotten the data of nearly 1 billion citizens from an Alibaba server, Chinese authorities have summoned executives and senior technicians from the company.
Posted: Jul 19, 2022
Manufacturers in the Indian state of Gujarat say they’ve lost more than 50 billion Indian rupees ($625 million) from torrential rain and flooding.
Posted: Jul 19, 2022
Business Insurance on Tuesday announced the winners of the 2022 Innovation Awards.
Posted: Jul 19, 2022
Google LLC faces a London trial over an estimated 920-million-pound ($1.1 billion) damages claim after a court authorized a lawsuit that alleges the Alphabet Inc.-owned tech giant overcharged 19.5 million customers for app store purchases.
Posted: Jul 19, 2022
Hamilton Insurance Group Ltd. on Tuesday named former Zurich North America executive Ashly Turner to lead U.S. energy insurance and Steve Blackwell, from Berkley Life Sciences, to lead U.S. life sciences insurance at Hamilton Select Insurance Inc., f...
Posted: Jul 19, 2022
Axa XL, a unit of Axa SA, said Tuesday it has promoted Rachel Rossini to product manager for cyber and technology E&O, and Vern Suckerman to U.S. head of complex accounts.
Posted: Jul 19, 2022
More states are passing or introducing legislation that will make it harder to enforce noncompete agreements on departing employees.
Posted: Jul 19, 2022
Apple Inc. was sued on Monday in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet.
Posted: Jul 18, 2022
Uber Technologies Inc. will pay more than $2 million and waive wait time fees for disabled passengers to settle U.S. allegations that the rideshare company had violated the Americans with Disabilities Act, the Department of Justice said on Monday.
Posted: Jul 18, 2022
A federal appeals court on Friday ruled in favor of an insurer in litigation stemming from a railroad crossing accident that killed a trucker.
Posted: Jul 18, 2022
Liberty Mutual Insurance Co. on Monday named former Transatlantic Holdings Inc. executive Elizabeth Geary as president, insurance solutions, in its global risk solutions division.
Posted: Jul 18, 2022
Climate-focused insurtech company FutureProof on Monday said former Lexington Specialty Insurance Agency executive Joseph Strickland has joined the company as head of underwriting.
Posted: Jul 18, 2022
A federal appeals court on Friday reinstated false imprisonment and negligence charges made against Old Navy LLC by a woman who was falsely accused of shoplifting.
Posted: Jul 18, 2022