Business Insurance
India-based ICICI Lombard General Insurance Co. Ltd. will acquire Bharti Axa General Insurance Co. Ltd. to create the country's third largest general insurer.
Posted: Aug 24, 2020
Australia-based Suncorp Group Ltd. plans to stop insuring the oil and gas industry by 2025.
Posted: Aug 24, 2020
Chinese insurer PICC Property and Casualty Co. Ltd.'s net profit fell 22% year-over-year to nearly 13.2 billion Chinese yuan ($1.9 billion) in the first six months.
Posted: Aug 24, 2020
The German association of risk and insurance managers and the federal association of German insurance brokers have come together to pursue the creation of a state-backed pandemic insurance cover.
Posted: Aug 24, 2020
Data from the Insurance Council of Australia showed that bushfire-related claims totaled $2.4 billion Australia ($1.7 billion), making it one of the top five costliest natural disasters in terms of claims.
Posted: Aug 24, 2020
A report by U.S.-based A.M. Best Co. Inc. said that Tunisia, Egypt, Lebanon and Algeria pose the most risk to an insurer's financial stability, strength and performance.
Posted: Aug 24, 2020
Storm Laura hit Haiti and the Dominican Republic during the weekend and caused widespread damage.
Posted: Aug 24, 2020
A San Jose, California-based electrical company has agreed to pay $1.25 million to eight Black former employees to settle racial harassment litigation filed by the U.S. Equal Employment Opportunity Commission.
Posted: Aug 21, 2020
A small New York hardwood flooring manufacturer was ordered to pay more than $160,000 for a number of willful violations of the Occupational Safety and Health Act.
Posted: Aug 21, 2020
A federal appeals court on Thursday reinstated litigation filed by an insurer against a policyholder for settling a case without its permission.
Posted: Aug 21, 2020
California employers need to ensure they are taking steps to protect their workers from wildfire smoke, the California Division of Occupational Safety and Health reminded employers in a statement Thursday.
Posted: Aug 21, 2020
A U.S. government program that compensates people who say they have been harmed by an emergency vaccine has paid out on fewer than 10% of claims, raising questions whether the process should be used to address any potential side effects from a corona...
Posted: Aug 21, 2020
A U.S. judge on Thursday dismissed portions of a U.S. Securities and Exchange Commission lawsuit accusing Volkswagen AG of defrauding American investors in connection with the automaker’s diesel emissions scandal.
Posted: Aug 21, 2020
Chipotle Mexican Grill Inc. is facing claims that it is short-changing its customers. Literally.
Posted: Aug 21, 2020
This week’s Top 10 shows that litigation is alive and well, with seven stories concerning court decisions filling out the rankings.
Posted: Aug 21, 2020
In an unprecedented case, a former chief security officer for Uber Technologies Inc. was criminally charged on Thursday with trying to cover up a 2016 hacking that exposed personal information of about 57 million of the ride-hailing company’s custome...
Posted: Aug 21, 2020
Australia-based Suncorp Group Ltd.'s profit fell a third year-over-year to $749 million in the year-ended June.
Posted: Aug 21, 2020
U.K.-based data analytics firm GlobalData PLC predicts Japan's general insurance sector will contract 0.9% this year, compared with 1.7% growth in 2019.
Posted: Aug 21, 2020
Slovenia-based insurer and reinsurer Pozavarovalnica Sava dd's gross written premiums totaled €322 million ($381 million) in the first six months of the year, up 10.6% from the year-ago period.
Posted: Aug 21, 2020
Heavy rains and floods have caused 2 billion Chinese yuan ($289 million) worth of damage in China's Chongqing municipality.
Posted: Aug 21, 2020
U.K.-based insurer and reinsurer Lancashire Holdings Ltd. is looking to underwrite more property catastrophe risks as the insurance and reinsurance market hardens.
Posted: Aug 21, 2020
China's anti-dumping investigation into Australian wine imports could further damage Australia's wine industry, which is already suffering because of bushfires and a decline in tourism due to the COVID-19 pandemic.
Posted: Aug 21, 2020
Austria-based Uniqa Insurance Group AG's profit declined nearly 62% year-over-year to €40.5 million ($48 million) in the first six months.
Posted: Aug 21, 2020
A California appeals court on Thursday halted a lower court order that would have forced Uber Technologies Inc. and Lyft Inc. to treat their drivers as employees, paving the way for the companies to avoid a shutdown of ride services in the state.
Posted: Aug 20, 2020
A woman who attended classes at University of Kentucky facilities but was not technically a student can still pursue her discrimination litigation against the university in which she charges it with failing to adequately address her sexual assault cl...
Posted: Aug 20, 2020