Business Insurance
The New Zealand stock exchange was knocked offline for two days in a row due to a cyber attack.
Posted: Aug 27, 2020
Insurance Claims Africa said that only a third of its clients holding a business interruption insurance policy have qualified for payment from South African insurers.
Posted: Aug 27, 2020
Storm Francis hit the United Kingdom, causing flooding and significant damage to shops and properties.
Posted: Aug 27, 2020
South African insurer Old Mutual Ltd. expects its earnings to slump by up to 72% year-over-year to between 1.4 billion South African rand ($83 million) and nearly ZAR 2 billion in the first six months.
Posted: Aug 27, 2020
India-based ICICI Securities predicts more insurance company mergers and consolidations the coming months in India.
Posted: Aug 27, 2020
German insurer Allianz SE has opened an earthquake and fire research center in Turkey, to conduct earthquake, automotive, transport and fire tests, simulations and practical training.
Posted: Aug 27, 2020
Hurricane Laura made landfall early on Thursday in southwestern Louisiana as one of the most powerful storms to hit the state, with forecasters warning it could push a massive wall of water 40 miles inland from the sea.
Posted: Aug 27, 2020
Hurricane Laura made landfall early on Thursday in southwestern Louisiana as one of the most powerful storms to hit the state, with forecasters warning it could push a massive wall of water 40 miles inland from the sea.
Posted: Aug 27, 2020
A magistrate judge recommended Wednesday that a Florida U.S. district court reject a COVID-19 business interruption coverage case filed by an Italian restaurant against an XL Group Ltd. unit, but spends considerable space in his report describing why...
Posted: Aug 26, 2020
A federal appeals court has reinstated an age discrimination lawsuit filed by a 41-year employee who was allegedly told upon his termination that he was being fired because he was “getting up in years.”
Posted: Aug 26, 2020
Aon PLC and Alliant Insurance Services Inc. last week settled a poaching dispute stemming from Alliant’s recruitment of a group of Aon construction brokers in 2019.
Posted: Aug 26, 2020
Two retired Black football players have filed a lawsuit against the National Football League alleging that the league deliberately manipulated their cognitive function test scores to make it less likely that Black football players would receive benef...
Posted: Aug 26, 2020
A putative class-action lawsuit has been filed against a vaccine development company that allegedly issued false information about its COVID-19 vaccine to boost its stock and earned a hedge fund investor $200 million.
Posted: Aug 26, 2020
Third-party administrator Constitution State Services, a subsidiary of Travelers Cos. Inc., has redesigned pricing and technological, Travelers announced in a statement Wednesday.
Posted: Aug 26, 2020
Ongoing California wildfires are likely to result in billions of dollars in insured losses following damage to commercial and residential properties, Moody’s Investors Service Inc. said in a report Wednesday.
Posted: Aug 26, 2020
Shareholders of both brokerages voted to approve Aon PLC’s proposed acquisition of Willis Towers Watson PLC on Wednesday, the companies said in a statement.
Posted: Aug 26, 2020
The percentage of global consumer buyers interacting with their insurers through digitized mechanisms has doubled since 2015, according to a study Wednesday from ACORD, the global standards-setting body for the insurance industry.
Posted: Aug 26, 2020
A housewife with a husband telecommuting from the family playroom wrote to a business management advice columnist, posing this question: “Can my husband’s employer constantly record all the conversation in our house?”
Posted: Aug 26, 2020
Hurricane Laura was expected to rapidly strengthen to a Category 4 hurricane on Wednesday on a steady track to hit the Texas-Louisiana Gulf Coast after dark, causing catastrophic damage, the National Hurricane Center said.
Posted: Aug 26, 2020
Swiss insurer Helvetia Holding AG posted a loss of 20 million Swiss francs ($22 million) in the first half of the year, compared with a profit of nearly CHF 300 million a year earlier, due to the COVID-19 pandemic.
Posted: Aug 26, 2020
Germany's motor vehicle authority is investigating Porsche AG over alleged manipulation of gas engines to achieve improved emissions data.
Posted: Aug 26, 2020
Insurers are betting that the COVID-19 pandemic will ultimately prove to be the catalyst that ends a period of low returns for the insurance industry.
Posted: Aug 26, 2020
Lebanon-based reinsurance broker Chedid Re has signed a co-brokering agreement with Pakistan-based Hellenic Sun Insurance Brokers Pvt. Ltd.
Posted: Aug 26, 2020
Insurance Australia Group Ltd.'s shareholders have proposed an insurance ban on projects that would damage natural or cultural sites within a world heritage area.
Posted: Aug 26, 2020
A report by U.S.-based A.M. Best Co. Inc. said the insurance markets in Morocco, Algeria and Tunisia have demonstrated solid growth trajectories above global market averages.
Posted: Aug 26, 2020