Business Insurance
Lawyers for Harvey Weinstein’s bankrupt film studio on Wednesday presented a revised proposal to settle sexual misconduct claims against the disgraced former producer, but an attorney for accusers pledged to oppose the plan.
Posted: Sep 02, 2020
A survey of 1,000 U.S. workers found that 96% have lied about their reasons for taking a sick day, and of them only 27% regretted their fib and 41% said they’d do it again.
Posted: Sep 02, 2020
The U.S. Securities and Exchange Commission on Tuesday issued a joint $2.5 million award to two external analysts who flagged financial reporting abuses by Orthofix Medical Inc., the agency and the lawyers for the analysts said in separate statements...
Posted: Sep 02, 2020
Zurich Insurance Group on Wednesday announced new leadership for its North America operations and other management changes as it launched a digital services platform.
Posted: Sep 02, 2020
South Korean prosecutors have charged Lee Jae-yong, vice chairman of Samsung Electronics Co. Ltd., with stock manipulation, breach of trust and other offences.
Posted: Sep 02, 2020
The Insurance Council of Australia said that insurance and reinsurance claims related to the catastrophes that hit the country in the summer of 2019 and 2020 have reached $5.4 billion Australia ($4 billion).
Posted: Sep 02, 2020
Cristian Rosu, vice president at Romania's Financial Supervisory Authority, said that local insurers' gross written premiums decreased around 6% to 6 billion Romanian lei ($1.5 billion) in the first six months of 2020.
Posted: Sep 02, 2020
The Japan Meteorological Agency said that typhoon no. 9 hit Okinawa Prefecture on Sep. 1 and caused damage and injured five people.
Posted: Sep 02, 2020
Businesses in Cape Town have sued South Africa-based insurer Santam Ltd. for denying COVID-19 pandemic-related business interruption claims.
Posted: Sep 02, 2020
Pen Underwriting Ltd., the London-based managing general agent of Arthur J. Gallagher and Co. Inc., has increased its cyber insurance capacity to more than £55 million ($73.2 million) to support risks in the United States, United Kingdom, Canada and...
Posted: Sep 02, 2020
An earthquake of magnitude 7.0 struck off the coast of northern Chile on Sep. 1, and caused some damage and minor landslides.
Posted: Sep 02, 2020
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