Business Insurance
China's National Meteorological Center has renewed a red alert for typhoon Bavi, which is expected to make landfall in the coastal areas near Donggang city of Liaoning province on Aug. 28.
Posted: Aug 28, 2020
StarStone U.S. said Thursday it has named Alison Oliphant president of its newly formed excess & surplus property division.
Posted: Aug 27, 2020
Payments for outpatient facility services in workers compensation drove up the cost of medical payments per claim by 6.6% from 2014 through 2018, according to a report issued Thursday by the National Council for Compensation Insurance.
Posted: Aug 27, 2020
A federal appeals court Wednesday affirmed a lower court ruling in favor of a Nationwide Mutual Insurance Co. unit in a litigation dispute with another insurer, in a case involving a worker who fell through an unguarded opening in a building’s second...
Posted: Aug 27, 2020
A federal appeals court overturned a lower court ruling Wednesday and reinstated a racial discrimination case filed by a Black employee of Facebook Inc. who was denied a promotion based on allegedly racist comments made by a supervisor.
Posted: Aug 27, 2020
The New York State Insurance Fund has created a program to allow its workers compensation policyholders to earn a 5% credit on their annual premium for the purchase of COVID-19 personal protective equipment, the insurer announced in a statement Tuesd...
Posted: Aug 27, 2020
Washington state Insurance Commissioner Mike Kreidler on Wednesday sent an initial survey to about 5,000 businesses in the state asking if they use a captive insurance company.
Posted: Aug 27, 2020
New Zealand’s stock exchange will not reopen on Thursday for trading following offshore cyberattacks over the last two days, bourse operator NZX Ltd said.
Posted: Aug 27, 2020
Business Insurance will announce the winners of the 2020 U.S. Insurance Awards during a virtual event on Sept. 10.
Posted: Aug 27, 2020
More than 430 domestic flights in and out of Jeju and Busan were canceled as typhoon Bavi made landfall in South Korea on Aug. 26, and caused widespread damage.
Posted: Aug 27, 2020
Hong Kong-based China Taiping Insurance Holdings Co. Ltd.'s net profit plunged more than 57% year-on-year to nearly $3 billion Hong Kong ($387 million) in the first six months.
Posted: Aug 27, 2020
The New Zealand stock exchange was knocked offline for two days in a row due to a cyber attack.
Posted: Aug 27, 2020
Insurance Claims Africa said that only a third of its clients holding a business interruption insurance policy have qualified for payment from South African insurers.
Posted: Aug 27, 2020
Storm Francis hit the United Kingdom, causing flooding and significant damage to shops and properties.
Posted: Aug 27, 2020
South African insurer Old Mutual Ltd. expects its earnings to slump by up to 72% year-over-year to between 1.4 billion South African rand ($83 million) and nearly ZAR 2 billion in the first six months.
Posted: Aug 27, 2020
India-based ICICI Securities predicts more insurance company mergers and consolidations the coming months in India.
Posted: Aug 27, 2020
German insurer Allianz SE has opened an earthquake and fire research center in Turkey, to conduct earthquake, automotive, transport and fire tests, simulations and practical training.
Posted: Aug 27, 2020
Hurricane Laura made landfall early on Thursday in southwestern Louisiana as one of the most powerful storms to hit the state, with forecasters warning it could push a massive wall of water 40 miles inland from the sea.
Posted: Aug 27, 2020
Hurricane Laura made landfall early on Thursday in southwestern Louisiana as one of the most powerful storms to hit the state, with forecasters warning it could push a massive wall of water 40 miles inland from the sea.
Posted: Aug 27, 2020
A magistrate judge recommended Wednesday that a Florida U.S. district court reject a COVID-19 business interruption coverage case filed by an Italian restaurant against an XL Group Ltd. unit, but spends considerable space in his report describing why...
Posted: Aug 26, 2020
A federal appeals court has reinstated an age discrimination lawsuit filed by a 41-year employee who was allegedly told upon his termination that he was being fired because he was “getting up in years.”
Posted: Aug 26, 2020
Aon PLC and Alliant Insurance Services Inc. last week settled a poaching dispute stemming from Alliant’s recruitment of a group of Aon construction brokers in 2019.
Posted: Aug 26, 2020
Two retired Black football players have filed a lawsuit against the National Football League alleging that the league deliberately manipulated their cognitive function test scores to make it less likely that Black football players would receive benef...
Posted: Aug 26, 2020
A putative class-action lawsuit has been filed against a vaccine development company that allegedly issued false information about its COVID-19 vaccine to boost its stock and earned a hedge fund investor $200 million.
Posted: Aug 26, 2020
Third-party administrator Constitution State Services, a subsidiary of Travelers Cos. Inc., has redesigned pricing and technological, Travelers announced in a statement Wednesday.
Posted: Aug 26, 2020