Business Insurance
AssuredPartners Inc. has acquired Seattle-based Mainstreet Financial Services Inc., AssuredPartners said in a statement Monday.
Posted: Aug 24, 2020
Average commercial insurance rate increases hit double digits in the second quarter, with large accounts seeing the biggest rise, according to the latest pricing survey released by the Council of Insurance Agents & Brokers on Monday.
Posted: Aug 24, 2020
The number of securities class-action filings involving tech companies increased for the fourth consecutive year, in line with the trend in overall filings, says a report issued Monday.
Posted: Aug 24, 2020
A federal appeals court has reinstated Americans with Disabilities Act litigation filed by a fired auto parts store manager who suffers from Tourette’s syndrome, citing incorrect instructions given by the judge to the jury, which went on to rule agai...
Posted: Aug 24, 2020
Video-conferencing company Zoom Video Communications Inc. said on Monday it had restored service to its U.S. users after a partial outage left many unable to log in to work meetings or attend school classes remotely.
Posted: Aug 24, 2020
Kentucky Friday Chicken says it is dropping its famous “Finger Lickin’ Good” catchphrase in several of its markets worldwide, as the practice of licking one’s fingers is too risky due to COVID-19.
Posted: Aug 24, 2020
CopperPoint Insurance Co. has hired Kathleen Ziegler to take over the newly created role of senior vice president, operations, the insurer announced in a statement Monday.
Posted: Aug 24, 2020
A broker whose firm will be acquired by Brown & Brown Inc. has pleaded guilty in connection with the Varsity Blues scandal, charged with using fraud and bribery to boost his daughter’s college entrance test results.
Posted: Aug 24, 2020
The U.S. Occupational Safety and Health Administration and the U.S. Food and Drug Administration have released a checklist to help food manufacturers keep their employees safe during the ongoing coronavirus pandemic, OSHA announced in a statement.
Posted: Aug 24, 2020
The board of the Ohio Bureau of Workers Compensation approved a 10% workers compensation rate cut for public employers, the bureau announced in a statement Friday.
Posted: Aug 24, 2020
Federal workers who retire after being injured may not be informed of the best options under the Federal Employees’ Compensation Act, the Government Accountability Office said in a report released Friday.
Posted: Aug 24, 2020
MS Amlin Underwriting Ltd. named former Everest Re executive Andrew Carrier chief underwriting officer to review and reposition its business, the Lloyd’s of London insurer and reinsurer said Monday.
Posted: Aug 24, 2020
The U.S. Securities and Exchange Commission on Friday said it would remove some personal information from a controversial trading database, bowing to pressure from the brokerage industry, which has long warned the project would be vulnerable to hacks...
Posted: Aug 24, 2020
The European Union’s strategy to adapt to the risks of climate change needs to be much more proactive and ambitious in order to reduce the risk of natural disasters such as flooding, insurers said in response to a consultation on the issue.
Posted: Aug 24, 2020
India-based ICICI Lombard General Insurance Co. Ltd. will acquire Bharti Axa General Insurance Co. Ltd. to create the country's third largest general insurer.
Posted: Aug 24, 2020
Australia-based Suncorp Group Ltd. plans to stop insuring the oil and gas industry by 2025.
Posted: Aug 24, 2020
Chinese insurer PICC Property and Casualty Co. Ltd.'s net profit fell 22% year-over-year to nearly 13.2 billion Chinese yuan ($1.9 billion) in the first six months.
Posted: Aug 24, 2020
The German association of risk and insurance managers and the federal association of German insurance brokers have come together to pursue the creation of a state-backed pandemic insurance cover.
Posted: Aug 24, 2020
Data from the Insurance Council of Australia showed that bushfire-related claims totaled $2.4 billion Australia ($1.7 billion), making it one of the top five costliest natural disasters in terms of claims.
Posted: Aug 24, 2020
A report by U.S.-based A.M. Best Co. Inc. said that Tunisia, Egypt, Lebanon and Algeria pose the most risk to an insurer's financial stability, strength and performance.
Posted: Aug 24, 2020
Storm Laura hit Haiti and the Dominican Republic during the weekend and caused widespread damage.
Posted: Aug 24, 2020
A San Jose, California-based electrical company has agreed to pay $1.25 million to eight Black former employees to settle racial harassment litigation filed by the U.S. Equal Employment Opportunity Commission.
Posted: Aug 21, 2020
A small New York hardwood flooring manufacturer was ordered to pay more than $160,000 for a number of willful violations of the Occupational Safety and Health Act.
Posted: Aug 21, 2020
A federal appeals court on Thursday reinstated litigation filed by an insurer against a policyholder for settling a case without its permission.
Posted: Aug 21, 2020
California employers need to ensure they are taking steps to protect their workers from wildfire smoke, the California Division of Occupational Safety and Health reminded employers in a statement Thursday.
Posted: Aug 21, 2020