Business Insurance
It is said that one man’s trash is another man’s treasure. But what about old toilets?
Posted: Sep 09, 2020
Hub International Ltd. said Tuesday it has acquired the assets of Lake Charles, Louisiana-based medical professional liability broker Todd & Associates LLC.
Posted: Sep 09, 2020
Workplace safety violations are the second-costliest offense committed by companies that received aid from the Coronavirus Aid, Relief, and Economic Security Act, to the tune of $274.3 million in penalties, according to a report released Tuesday by G...
Posted: Sep 09, 2020
Hamilton Insurance Group Ltd. has named Megan Thomas as CEO of Hamilton Re Ltd., the company’s reinsurance and insurance unit in Bermuda.
Posted: Sep 09, 2020
Munich Reinsurance Co. expects Beirut blast-related claims of at least €100 million ($118 million).
Posted: Sep 09, 2020
Public bank Banco del Estado de Chile closed all its branches across the nation on Sep. 7 following a cyber attack.
Posted: Sep 09, 2020
Reinsurer General Insurance Corporation of India's gross written premiums declined more than 24% year-over-year to nearly 160 billion Indian rupees ($2.2 billion) in the fiscal first quarter ended June 30.
Posted: Sep 09, 2020
A typhoon triggered heavy rains in northeast China, and caused floods as 23 rivers reached the warning level.
Posted: Sep 09, 2020
Insurance claims related to explosions and fires at industrial properties in Turkey total around 500 million Turkish lira ($67 million) per year.
Posted: Sep 09, 2020
A consortium led by insurer Arch Capital Group Ltd. has made an approximately $500 million offer to acquire reinsurance firm Watford Holdings Ltd., people familiar with the matter said on Tuesday.
Posted: Sep 09, 2020
Self-insured employers facing the threat of COVID-19 workplace safety litigation could opt to accept infection workers compensation claims, as exclusive remedy clauses could provide better protection from expensive lawsuits later on, according to leg...
Posted: Sep 09, 2020
The alleged theft of gasoline in multiple incidents caused by an incorrect computer program were each too small to reach a fuel distribution company’s deductible, said a federal appeals court, in affirming a lower court’s ruling in favor of a Hannove...
Posted: Sep 08, 2020
David R. Lockhart, formerly president of Berkley Co. unit Gemini Transportation Underwriters, has been named president of another Berkley unit, Carolina Casualty Insurance Co., the Greenwich, Connecticut-based insurer said Tuesday.
Posted: Sep 08, 2020
U.S. commercial insurance rate increases were close to double digits in the second quarter with excess/umbrella and directors and officers liability seeing the biggest spike, according to Willis Towers Watson PLC’s commercial lines insurance pricing...
Posted: Sep 08, 2020
A federal appeals court has affirmed a lower court’s summary judgment in favor of American International Group Inc. units in policyholder litigation over federal regulatory action against Waste Management Inc.
Posted: Sep 08, 2020
Most lines of commercial insurance saw year-over-year increases in average premium renewal rates during August except workers compensation, which saw a negative change in premium, according to insurance exchange Ivans Insurance Services, a division o...
Posted: Sep 08, 2020
More workers with lower back pain are receiving physical therapy to treat their workplace injuries, and that therapy is leading to shorter durations of disability and lower medical costs, according to a study released Tuesday by the Workers Compensat...
Posted: Sep 08, 2020
A Michigan lawmaker introduced a bill Thursday to prohibit employers from taking actions against employees for using their own personal protective equipment at the workplace.
Posted: Sep 08, 2020
Beach & Associates has named Warren Berkstresser as senior vice president of its U.S. reinsurance division, Beach Re.
Posted: Sep 08, 2020
A magazine famous for naming the most beautiful people annually pivoted this month and named the top “Companies that Care” in an effort to honor 50 companies that have gone “above and beyond during the pandemic.”
Posted: Sep 08, 2020
The Virginia House of Representatives on Friday passed a bill that would provide death and disability benefits for certain employees who contract COVID-19 and their families.
Posted: Sep 08, 2020
A report by U.S.-based A.M. Best Co. Inc. expects nonlife insurers in Taiwan will continue to post positive underwriting results, compared with those in other developed markets in the region.
Posted: Sep 08, 2020
Australian government agency Service New South Wales suffered a cyber attack earlier this year, in which the personal data of 186,000 customers and staff were stolen.
Posted: Sep 08, 2020
Typhoon Haishen made landfall in the South Korean port city of Ulsan on Sep.7 and caused widespread damage.
Posted: Sep 08, 2020
Starting Oct. 2, Australia's New South Wales Court of Appeal will hear a test case to examine the application of infectious diseases exclusions in business interruption insurance policies.
Posted: Sep 08, 2020