Business Insurance
U.K.-based insurance broker The Ardonagh Group Ltd. has acquired Thames Underwriting Ltd. for undisclosed amount.
Posted: Aug 19, 2020
Saudi Arabia-based insurer The Company for Cooperative Insurance (Tawuniya) reported 153.5% year-on-year increase in net profit before zakat and tax to 295.2 million Saudi riyal ($78.7 million) in the first half of the year.
Posted: Aug 19, 2020
According to Moldova's National Commission of Financial Market, insurers generated 577.17 million Moldovan leu ($34.18 million) in gross written premiums from general insurance policies in the first half of 2020, a 20.3% year-on-year decrease.
Posted: Aug 19, 2020
Potential and actual shortages of personal protective equipment for health care workers has led to modified safety guidelines from regulators and put pressure on employers to find alternative solutions to keep staff and patients safe.
Posted: Aug 19, 2020
Tom Clark, excess and surplus/specialty leader for Nationwide Mutual Insurance Co., plans to retire from the organization at the end of the year, the insurer said Tuesday.
Posted: Aug 18, 2020
A federal appeals court has upheld a lower court decision against a Swiss insurer, and ruled it is liable to contribute $4.5 million in connection with a 2013 Wyoming refinery fire.
Posted: Aug 18, 2020
A federal appeals court has reversed a lower court decision and ruled in favor of a Travelers Cos. Inc. unit in a dispute over damages associated with an underground fuel storage tank.
Posted: Aug 18, 2020
Origami Risk LLC and LineSlip Solutions Inc. have teamed to bring LineSlip Risk Manager, a property/casualty data management tool, to Origami clients, the companies said in a statement Tuesday.
Posted: Aug 18, 2020
Companies have long introduced workplace perks such as lunch treats and parties as a way to attract and retain talent, and the pandemic has prompted employers to get even more creative.
Posted: Aug 18, 2020
A prisoner transport company has been ordered to reinstate an employee who was allegedly terminated for complaining about the unsafe actions of a co-worker.
Posted: Aug 18, 2020
A Virginia lawmaker prefiled legislation on Monday to make it easier for first responder, front-line health care workers and teachers to obtain workers compensation if they contract COVID-19 on the job.
Posted: Aug 18, 2020
Now in its eighth year, a popular annual claims management survey is underway and seeking claims experts to weigh in on new industry trends especially dealing with the pandemic response, Chicago-based Rising Medical Solutions announced Tuesday.
Posted: Aug 18, 2020
Tower MSA has launched a dashboard to help clients comply with Medicare secondary payer requirements and avoid penalties, the Delray Beach, Florida-based compliance firm announced in a statement Tuesday.
Posted: Aug 18, 2020
The U.S. government sued Teva Pharmaceutical Industries Ltd. on Tuesday, accusing the drugmaker of causing the submission of false claims to Medicare as a result of kickbacks it paid for its multiple sclerosis drug Copaxone.
Posted: Aug 18, 2020
U.S. states are seeking a combined $26.4 billion from three major drug distributors and Johnson & Johnson to settle opioid litigation against the companies, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Posted: Aug 18, 2020
Cruise operator Carnival Corp. said on Monday it launched an investigation into a ransomware attack on one of its brand’s information technology systems.
Posted: Aug 18, 2020
Wynand du Toit's safari camp in South Africa's Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 claim.
Posted: Aug 18, 2020
Raoul Nehme, Lebanon's minister of economy and trade, said that insurance claims related to the explosion at the Port of Beirut on Aug. 4 have reached $425 million.
Posted: Aug 18, 2020
Swiss catastrophe loss data provider Perils AG expects insurance and reinsurance claims related to storm Victoria, which struck Europe in February, to reach €344 million ($408 million).
Posted: Aug 18, 2020
French insurer Axa SA is in talks to sell its Greek operations to Italian insurer Assicurazioni Generali SpA.
Posted: Aug 18, 2020
A report by U.K.-based data analytics firm GlobalData PLC predicts that China's general insurance market will see a compound annual growth rate of 4.1% between 2019 and 2023.
Posted: Aug 18, 2020
South Africa-based insurer Santam Ltd. has paid more than 500 million South African rand ($29 million) in business interruption claims related to the COVID-19 pandemic.
Posted: Aug 18, 2020
Irish budget airline Ryanair DAC has cancelled 20% of its flights scheduled for September and October after a drop in bookings in the wake of fresh increases in COVID-19 cases across Europe triggered fresh quarantine restrictions on travelers.
Posted: Aug 18, 2020
Posted: Aug 18, 2020
An employee fired for refusing to sign a new noncompete agreement can be sued for failing to comply with an earlier agreement, which was still in force, said a federal appeals court Monday in overturning a lower court ruling.
Posted: Aug 17, 2020