Business Insurance
U.K.-based insurance broker The County Group Ltd. has acquired rival CJN Insurance Services Ltd. for an undisclosed amount.
Posted: Aug 13, 2020
The National Assembly of Venezuela is investigating an oil spill along the Caribbean coast and has asked state-owned oil firm Petroleos de Venezuela SA the names of the insurers that will compensate for the damage caused by the spill.
Posted: Aug 13, 2020
Roper Technologies Inc. said on Thursday it would buy Vertafore Inc., a private equity-owned insurance software vendor, for about $5.35 billion, in what would be its largest takeover deal to date.
Posted: Aug 13, 2020
Citing a recent U.S. Supreme Court ruling in a discrimination case, a federal appeals court has reinstated discrimination and retaliation charges filed by a worker for a Washington county.
Posted: Aug 12, 2020
Deloitte Touche Tohmatsu Ltd. said Wednesday that factors prompted by the pandemic could result in a decline of 3.5% for commercial auto insurance premiums written in 2020.
Posted: Aug 12, 2020
There are no medical billing codes for vacations, spa treatments, cars and wedding costs, as a Mesa, Arizona, woman recently learned.
Posted: Aug 12, 2020
The California Occupational Safety and Health Standards Board denied a petition on Monday seeking an emergency temporary standard on COVID-19 protections for employees.
Posted: Aug 12, 2020
Nevada Gov. Steve Sisolak on Tuesday signed into law a bill that would limit liability of employers who follow COVID-19 protocols and create additional worker protections in the state. The bill passed both the state’s Assembly and Senate on Aug. 5 wi...
Posted: Aug 12, 2020
A U.S. appeals court on Tuesday reversed a lower court ruling against chip supplier Qualcomm Inc. in an antitrust lawsuit brought by the Federal Trade Commission.
Posted: Aug 12, 2020
The California Department of Industrial Relations this month issued temporary changes to its requirement that health care workers be provided certified respirators in light of N95 mask shortages.
Posted: Aug 12, 2020
A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurer for business interruption losses caused by the coronavirus pandemic, which they say caused a "direct physical loss" to their premises.
Posted: Aug 12, 2020
A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurer for business interruption losses caused by the coronavirus pandemic, which they say caused a "direct physical loss" to their premises.
Posted: Aug 12, 2020
A bill that would have made COVID-19 an occupational illness failed in Tennessee’s Senate Commerce and Labor Committee on Tuesday.
Posted: Aug 12, 2020
Sedgwick Claims Management Services Inc. named Mike Arbour CEO and announced that its former long-time chief Dave North will be executive chairman of the third-party administrator.
Posted: Aug 12, 2020
Swiss catastrophe loss data provider Perils AG expects insurance claims related to storm Sabine, which hit Europe in February, to surpass €1.6 billion ($1.9 billion).
Posted: Aug 12, 2020
Russian mining conglomerate MMC Norilsk Nickel PJSC's net profit plunged in the first six months of the year after setting aside $2.1 billion in reserves for an environmental damage claim related to a major fuel spill in the Arctic in May.
Posted: Aug 12, 2020
Top executives of Germany-based now-defunct financial services provider Wirecard AG allegedly looted more than $1 billion from the company before its eventual collapse in June.
Posted: Aug 12, 2020
Insurance Australia Group Ltd. reported a modest negative impact of the COVID-19 pandemic on its financial results for the second half ended June 30.
Posted: Aug 12, 2020
Typhoon Mekkhala made landfall in China's Zhangpu county on Aug. 11 and led to the cancellation of at least 109 flights to and from the cities of Xiamen and Quanzhou.
Posted: Aug 12, 2020
Duck Creek Technologies Inc., a software company that serves the property/casualty insurance market, on Wednesday raised the price range for its initial public offering and expects to raise about $375 million.
Posted: Aug 12, 2020
Around 10,000 workers of major refineries and industrial projects in Iran's South Pars gas fields have been on strike since Aug. 1, over the late payment of wages, insecure employment contracts, poverty pay, and intolerable working conditions.
Posted: Aug 12, 2020
The coronavirus pandemic dealt a relatively modest $2.5 billion blow to five insurers with large U.S. operations in the second quarter - a cost that was far less than feared and which the industry has absorbed without touching capital, analysts said.
Posted: Aug 12, 2020
As the U.S. begins to report lower numbers of COVID-19 deaths and transmissions, many employers that had been shut down are beginning to bring workers back into the office — a move wrought with implications on safety and regulations.
Posted: Aug 12, 2020
Business Insurance on Tuesday announced the winners of the 2020 Innovation Awards.
Posted: Aug 11, 2020
Ralph Lauren Corp. has filed suit against Factory Mutual Insurance Co. charging the insurer has tried to “wrongfully shoehorn” its claim for COVID-19 coverage into a “narrow and limited grant of coverage” under its all risks policy, when its policy...
Posted: Aug 11, 2020