Business Insurance
French insurer Axa SA is looking to sell its South Korean operations Axa General Insurance Co. Ltd.
Posted: Aug 20, 2020
Lloyd's of London plans to reopen its underwriting room next month following the closure in March due to the outbreak of the COVID-19 pandemic.
Posted: Aug 20, 2020
Millions of customers of U.S.-based Marriott International Inc. have sued the hospitality firm in London, seeking compensation after their personal details were stolen in a data breach.
Posted: Aug 20, 2020
South Africa-based insurer African Risk Capacity and the Africa Centres for Disease Control and Prevention are working on two insurance models for the COVID-19 pandemic-related risks.
Posted: Aug 20, 2020
The Australian government has set up a $50 million Australia ($36 million) temporary interruption fund to overcome the problem of production insurance and to re-start work on films and TV shows.
Posted: Aug 20, 2020
Hurricane Genevieve brought strong winds and heavy rains to Mexico's southern Baja Peninsula on Aug. 19, and caused flash floods across the resort city of Cabo San Lucas.
Posted: Aug 20, 2020
The Saudi Arabian Monetary Authority said that local insurers' gross written premiums increased more than 6% year-over-year to nearly 13 billion Saudi riyal ($3.5 billion) in the first quarter.
Posted: Aug 20, 2020
Facebook Inc. won preliminary approval late Wednesday from a federal court for settlement of a lawsuit that claimed it illegally collected and stored biometric data of millions of users without their consent.
Posted: Aug 20, 2020
McGriff has formed McGriff Captive Solutions and named Steve Aldrich to lead it, the commercial broker said in a statement Wednesday.
Posted: Aug 19, 2020
In a pre-COVID 19 case, a federal appeals court affirmed a lower court ruling and held a Miami restaurant is not entitled to business interruption coverage, as well as reimbursement of other expenses, under its insurance policy for business lost beca...
Posted: Aug 19, 2020
The U.S. Occupational and Health Administration needs to hire more investigators and develop plans to distribute whistleblower complaints more evenly among investigators, the U.S. Office of Inspector General said in its recommendations to the agency...
Posted: Aug 19, 2020
You may sell your honey, but you don’t have the freedom to make any reference to the film “Braveheart,” so says actor Mel Gibson, who threatened to sue an organic, home-based honey-maker.
Posted: Aug 19, 2020
Alera Group announced Wednesday it has acquired Utah-based brokerage Banasky Insurance Inc.
Posted: Aug 19, 2020
Under emergency, the New York State Workers’ Compensation Board on Tuesday adopted a new rule that applies to employers whose employees test positive for COVID-19.
Posted: Aug 19, 2020
The secretary of the Pennsylvania Department of Health on Tuesday directed nursing homes to implement measures for use and distribution of personal protective equipment to protect workers.
Posted: Aug 19, 2020
Oregon’s Department of Consumer and Business Services is proposing a temporary rule that would combat the spread of coronavirus in all workplaces by requiring employers to implement risk-reducing measures.
Posted: Aug 19, 2020
Three U.S. lawmakers are calling on the U.S. Occupational Safety and Health Administration to update its ammonium nitrate standard in the wake of the deadly Beirut explosion earlier this month.
Posted: Aug 19, 2020
Citigroup Inc. is suing HPS Investment Partners LLC and Symphony Asset Management LLC for allegedly refusing to return a combined $237 million, escalating a legal dispute between the bank and Revlon Inc.’s lenders over a loan payment error.
Posted: Aug 19, 2020
The United States Oil Fund LP, the country's largest crude exchange-traded fund, said on Wednesday it received a Wells notice from the U.S. Securities and Exchange Commission.
Posted: Aug 19, 2020
A federal judge on Tuesday rejected Martin Shkreli’s effort to dismiss a lawsuit accusing the imprisoned former pharmaceutical executive of trying to monopolize the lifesaving drug Daraprim, whose price he raised more than 4,000% in one day.
Posted: Aug 19, 2020
Taiwan said Wednesday that hacking groups linked to the Chinese government had attacked at least 10 government agencies and some 6,000 email accounts of government officials in an “infiltration” to steal important data.
Posted: Aug 19, 2020
A report by U.K.-based law firm Clyde & Co. LLP’s predicts a decline in global insurance merger and acquisition activities in the second half of the year due to the impacts of the COVID-19 pandemic.
Posted: Aug 19, 2020
An unspecified technical problem at Sri Lanka-based electricity company Ceylon Electricity Board’s Kerewalapitiya power complex caused a country-wide power outage on Aug. 17.
Posted: Aug 19, 2020
Authorities in Chinese province of Sichuan issued Level 1 emergency alert on Aug. 18, as the Qingyi River and its tributaries breached warning levels.
Posted: Aug 19, 2020
The U.S. Geological Survey said that Bengkulu province on the Indonesian island of Sumatra was jolted by twin earthquakes on Aug. 19.
Posted: Aug 19, 2020