Business Insurance
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
While benefiting from an 11.2% increase in premium growth last year, the excess and surplus lines market is now facing the combined challenge of COVID-19’s impact and the current hurricane season, executives say.
Posted: Sep 11, 2020
The surplus lines market posted an 11.2% increase in premium growth in 2019 to $39.06 billion, the equivalent of 2018, but business this year could be hampered by COVID-19’s impact, says A.M. Best Co., in its annual report on the sector issued Thursd...
Posted: Sep 11, 2020
California Gov. Gavin Newsom is now considering three separate bills that aim to tackle workplace safety issues during the COVID-19 pandemic.
Posted: Sep 11, 2020
Workers compensation medical payments and claims with an opioid prescription in California continued to decline in 2019, according to a study released Thursday by the Workers Compensation Insurance Rating Bureau.
Posted: Sep 11, 2020
A federal appeals court has overturned a lower court ruling and reinstated a personal injury lawsuit filed by a Carnival Corp. passenger who hurt her leg and knee in a trip-and-fall, ruling there was evidence the company may have known about a danger...
Posted: Sep 11, 2020
Bayer CEO Werner Baumann's contract has been extended until 2024, in a show of support from the drugmaker's new chairman just months after the company agreed to an $11 billion outline settlement of U.S. lawsuits over its Roundup weedkiller.
Posted: Sep 11, 2020
A U.S. Occupational Safety and Health Administration officer and his brother have been accused of trying to extort money from a New Jersey general contractor.
Posted: Sep 11, 2020
Around half a million people in Oregon evacuated as dozens of extreme, wind-driven wildfires scorched U.S. West Coast states on Friday, destroying thousands of homes and killing at least 16 people, state and local authorities said.
Posted: Sep 11, 2020
Brown & Brown of Tennessee Inc., a subsidiary of Brown & Brown Inc., has acquired the Frank E. Neal & Co. Agency of Nashville, Tennessee, Brown & Brown said Friday.
Posted: Sep 11, 2020
Lloyd's of London expects its members will pay around $6.5 billion of gross claims related to the COVID-19 pandemic, with around 40% of the total likely to be covered by reinsurance.
Posted: Sep 11, 2020
South Africa-based insurer Sanlam Ltd. reported a net loss of 3.5 billion South African rand ($209 million) in the first half of the year, compared with a profit of ZAR 3.4 billion in the year-ago period.
Posted: Sep 11, 2020
Russia's environment watchdog has sued mining firm MMC Norilsk Nickel PJSC for 148 billion Russian rubles ($2 billion) over environmental damage caused by a fuel leak earlier this year.
Posted: Sep 11, 2020
Businesses and risk management professionals are continuing to struggle to manage the complexities of the COVID-19 pandemic as many existing insurance policies fail to cover its impact, a leading risk manager for a restaurant chain said Thursday.
Posted: Sep 11, 2020