Business Insurance
Serbian insurer Dunav Osiguranje's premiums increased 6.6% year-on-year to 12.6 billion Serbian dinar ($127 million) in the first six months of 2020.
Posted: Sep 02, 2020
August’s most popular Off Beat story featured actor Mel Gibson threatening to sue a honey-maker. A story on a romantic devil's marriage proposal gone horribly wrong was No. 2 for page views for the month.
Posted: Sep 02, 2020
The surge in workers compensation “mega claims” of at least $3 million continues as medical treatments and technologies advance, according to research by ratings bureaus around the country.
Posted: Sep 02, 2020
A former Deloitte Touche Tohmatsu Ltd. manager has filed a putative class-action lawsuit against the firm, charging it with violations of the Family Medical Leave Act in connection in its maternity leave policy.
Posted: Sep 01, 2020
A federal appeals court on Monday overturned a lower court and dismissed a national origin discrimination lawsuit filed by a former manager of Lebanese descent against Ford Motor Co. and two supervisors, ruling there was insufficient evidence against...
Posted: Sep 01, 2020
Lockton Cos. LLC said Tuesday it has appointed a new chief financial officer as well as a new president of its global investment bank.
Posted: Sep 01, 2020
Black former franchisees of McDonald’s USA LLC have filed a race discrimination suit against the fast-food operator, charging they were steered by the company to open poorly performing restaurants in high-crime areas with low-volume cash sales and hi...
Posted: Sep 01, 2020
Houston International Insurance Group Ltd. said Tuesday it has launched an excess and surplus brokerage business.
Posted: Sep 01, 2020
Whether a racehorse should lose the trophy and its owners the $1.5 million purse in the Kentucky Derby after being the first to cross the finish line and later found to have committed fouls is up to the race stewards, and not any judicial system, the...
Posted: Sep 01, 2020
Root Inc., the parent company of Root Insurance, has named Julie Mix McPeak, the former commissioner of the Tennessee Department of Commerce and Insurance, as senior deputy general counsel.
Posted: Sep 01, 2020
Great American Insurance Group on Tuesday announced the launch of pomi, a digital platform and website for accident and health insurance.
Posted: Sep 01, 2020
Capsicum Reinsurance Brokers LLP will rebrand as Gallagher Re effective Oct. 1, the specialist reinsurance broker said in a statement Tuesday.
Posted: Sep 01, 2020
California lawmakers passed legislation late Monday that would extend Gov. Gavin Newsom’s executive making it easier for essential workers to receive workers compensation if they contact COVID-19 on the job.
Posted: Sep 01, 2020
Pat Regan, CEO of Australian insurer QBE Insurance Group Ltd. will leave the company following a complaint by a female employee at the company’s North American division and the outcome of an investigation into workplace communications.
Posted: Sep 01, 2020
U.S.-based A.M. Best Co. Inc. said that Japan-based The Toa Reinsurance Co. Ltd.'s premiums increased 9% to 270 billion Japanese yen ($2.6 billion) in the year ended March 31.
Posted: Sep 01, 2020
A report by the World Bank Group said that the blast in Beirut on Aug. 4 caused up to $4.6 billion worth of damage.
Posted: Sep 01, 2020
Belgian insurer Ageas SA/NV's chief executive Bart De Smet will step down at the end of October, and will continue as chairman.
Posted: Sep 01, 2020
Data from Swiss catastrophe loss data provider Perils AG showed that insurance and reinsurance claims related to floods that hit the United Kingdom in February totaled £375 million ($500 million).
Posted: Sep 01, 2020
Saudi insurers' gross written premiums increased 5.3% year-over-year to nearly 21 billion Saudi riyal ($5.6 billion) in the first six months of 2020.
Posted: Sep 01, 2020
The China Banking and Insurance Regulatory Commission has approved the establishment of a new agricultural reinsurer to boost insurance coverage in the country.
Posted: Sep 01, 2020
U.S.-based insurtech firm Xceedance said that fall in premium writings is one of the major risks facing Australian insurers in the new business environment after the COVID-19 pandemic.
Posted: Sep 01, 2020
A lawyer who represented a whistleblower whose complaint led to President Trump’s impeachment said he’s been contacted by brokers to help him secure professional liability coverage since his current insurer, The Hanover Insurance Group, refused to re...
Posted: Sep 01, 2020
From rising WC rates to growth in special coverages, COVID-19 is impacting business and insurance in many ways. David Perez, chief underwriting officer of Liberty Mutual’s Global Risk Solutions, shares his predictions.
Posted: Sep 01, 2020
Social inflation is driving up frequency and severity in casualty claims. One of the keys to reducing the impact of litigation trends is loss control to prevent claims, writes QBE North America in a Business Insurance Risk Perspective.
Posted: Sep 01, 2020
Robinhood Markets Inc., the fintech startup credited with helping popularize trading among millennials, is being investigated by the U.S. Securities and Exchange Commission and the Financial Regulatory Authority over its handling of a system outage i...
Posted: Aug 31, 2020