Business Insurance
A report by U.S.-based Fitch Ratings Inc. said that insurance regulators of Sri Lanka and India have asked local insurers to temporarily suspend dividend payments in order to conserve capital.
Posted: Sep 04, 2020
Maritime experts have said that a rusting oil tanker off the coast of Venezuela could sink and cause an environmental disaster if not repaired soon.
Posted: Sep 04, 2020
The founder of a New York hedge fund was criminally charged on Thursday with pressuring a rival not to bid for assets related to Neiman Marcus’ bankruptcy so he could buy them at a lower price, the U.S. Department of Justice said on Thursday.
Posted: Sep 03, 2020
A derivative shareholder lawsuit has been filed against The Gap charging the retailer with breach of fiduciary duty, among other charges, because of its all-white board of directors and executive committee and calling for replacing at least two of it...
Posted: Sep 03, 2020
A children’s online learning program has agreed to pay $10 million to settle Federal Trade Commission charges of illegal marketing and billing practices.
Posted: Sep 03, 2020
Dovetail Insurance Inc. has launched Dovetail for Agents, an online quote, bind and issue platform for independent agents in the U.S.
Posted: Sep 03, 2020
Ascot Group Ltd. has named former American International Group Inc. executive Anthony Lyons as executive vice president and leader of a new portfolio underwriting division within its U.S. operations.
Posted: Sep 03, 2020
Apple Inc. must compensate its California retail store employees for time spent undergoing exit searches of their packages, bags and technology devices, said a federal appeals court Wednesday, in overturning a lower court decision and ruling in the p...
Posted: Sep 03, 2020
A nurse who sustained a musculoskeletal injury while trying to hold down a combative patient failed to show that she was terminated for filing a workers compensation claim, a district court held Monday.
Posted: Sep 03, 2020
The Philippine central bank said on Thursday that no account holder funds had been lost at the United Coconut Planters Bank after the state-lender reported it had suffered a “cyber incident” earlier this year.
Posted: Sep 03, 2020
A man who was injured on the job and later found to be able to perform part-time sedentary work, yet did not pursue such work, is not eligible for permanent total disability, the Ohio Supreme Court ruled Wednesday.
Posted: Sep 03, 2020
The virus exclusion in a dentist’s commercial insurance policy with a unit of Nationwide Mutual Insurance Co. bars coverage for coronavirus-related losses, a federal court ruled Wednesday.
Posted: Sep 03, 2020
Markel Corp. has hired former Allianz cyber underwriter Kelly Castriotta for the newly created role of senior director, global cyber underwriting, the insurer announced in a statement Thursday.
Posted: Sep 03, 2020
China Reinsurance (Group) Corp.'s gross written premiums increased 20.5% year-on-year to more than 102 billion Chinese yuan ($15 billion) in the first six months of 2020.
Posted: Sep 03, 2020
Data from the Australian Prudential Regulation Authority showed that general insurers' gross written premiums fell 3.2% to $12.7 billion Australia ($9.3 billion) in the second quarter of the year.
Posted: Sep 03, 2020
Ibrahim Obaid Al-Zaabi, director general of the U.A.E. Insurance Authority, said that the country's insurers have sufficient capital to pay current and potential COVID-19-related claims.
Posted: Sep 03, 2020
Typhoon Maysak hit South Korea on Sep. 3 and caused widespread damage.
Posted: Sep 03, 2020
U.S. National Hurricane Center has issued a hurricane warning for the coast of Belize southward to the Guatemalan border as storm Nana approaches the nation.
Posted: Sep 03, 2020
Murat Izci, head of Turkey-based KDM Shopping Malls Leasing and Management Consulting, said that the country's shopping malls may not weather the fallout from a possible second wave of the COVID-19 pandemic.
Posted: Sep 03, 2020
Ford Motor Co. has long claimed its cars are “built for the road ahead.”
Posted: Sep 03, 2020
Twitter confirmed on Thursday that an account of Indian Prime Minister Narendra Modi's personal website was hacked with a series of tweets asking its followers to donate to a relief fund through cryptocurrency.
Posted: Sep 03, 2020
The number of lawsuits filed in federal courts under Title III of the Americans with Disabilities Act, which prohibits disability discrimination in places of public accommodation, dropped during the first half of the year amid pandemic shutdowns but...
Posted: Sep 02, 2020
Private equity-backed brokerage Alera Group has secured $150 million in funding from The Carlyle Group Inc., the companies announced Wednesday.
Posted: Sep 02, 2020
Workers compensation written premium in California dropped 5% in the first quarter, compared with the year-earlier period, California’s Workers Compensation Insurance Rating Bureau said Monday in its quarterly experience report.
Posted: Sep 02, 2020
Religious institutions’ “ministerial exception,” which protects them from employees’ discrimination claims with respect to hiring and firing, does not extend to hostile environment charges, a divided federal appeals court said in partially overturnin...
Posted: Sep 02, 2020