Business Insurance
A U.S. judge on Monday dismissed a lawsuit accusing Denmark's Danske Bank A/S and four former top executives of defrauding shareholders by hiding and failing to stop widespread money laundering at its former Estonian branch.
Posted: Aug 25, 2020
Lloyd’s of London named Carey Bond to the newly created role of U.S. head of claims, Lloyd’s said in a statement Tuesday.
Posted: Aug 25, 2020
John Loftus has joined Alliant Insurance Services Inc. as co-cyber product leader from rival brokerage Willis Towers Watson PLC.
Posted: Aug 25, 2020
Several companies in China have ceased operations as their plants were submerged following weeks of heavy rains and floods along the Yangtze River.
Posted: Aug 25, 2020
A report by U.A.E.-based actuarial consultancy Badri Management Consultancy said that local insurers' net profits fell 4% year-over-year to 945 million United Arab Emirates dirham ($257 million) in the first six months.
Posted: Aug 25, 2020
Vietnamese technology firm VNG Corp. has sued video-sharing service TikTok for alleged copyright infringement, and is seeking more than 221 billion Vietnamese dong ($9.5 million) as compensation.
Posted: Aug 25, 2020
Wildfires in Argentina's Cordoba province have so far burnt at least 35,388 acres of grasslands and mountainous territory in Punilla and Ischilin regions and destroyed power lines.
Posted: Aug 25, 2020
The European Mediterranean Seismological Centre said that an earthquake of magnitude 5.5 shook Costa Rica on Aug. 24.
Posted: Aug 25, 2020
China Pacific Insurance Co. Ltd.'s gross written premiums fell nearly 25% to 11.23 billion Chinese yuan ($1.6 billion) in the first half of the year.
Posted: Aug 25, 2020
Losses related to the COVID-19 pandemic began to hit insurers’ books in the second quarter but will remain “manageable” for the industry, according to analysts.
Posted: Aug 25, 2020
A company co-owned by Pro Football Hall of Fame running back Jerome Bettis has filed suit against an energy company for alleged racial discrimination, charging it reneged on promises made in connection with its minority-owned business, and seeking at...
Posted: Aug 24, 2020
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