Business Insurance
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
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
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
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
An intellectual property exclusion in a Travelers Cos. Inc. unit’s insurance policy was ambiguous, said a federal appeals court Wednesday in overturning a lower court’s ruling in the Travelers’ favor in a coverage dispute.
Posted: Aug 20, 2020
A worker may pursue his claims for bad faith delay, denial of workers compensation and emotional distress against third-party administrator Helmsman Management Services LLC, the Delaware Superior Court ruled.
Posted: Aug 20, 2020
German drugs and pesticides group Bayer AG said on Thursday it will pay around $1.6 billion to settle the majority of U.S. claims involving its Essure birth-control device.
Posted: Aug 20, 2020
Chinese online insurance technology platform Waterdrop Inc. has raised $230 million in a new funding round led by reinsurer Swiss Reinsurance Co. Ltd. and Chinese internet giant Tencent Holdings Ltd., it said on Thursday.
Posted: Aug 20, 2020
The state of Washington did not violate federal law by creating a law to protect workers engaged in cleanup activities at the Hanford Nuclear Site.
Posted: Aug 20, 2020
The National Safety Council has appointed Mark Baker vice president of workplace, the Itasca, Illinois-based nonprofit announced Wednesday.
Posted: Aug 20, 2020
As of Aug. 10, there were 9,515 COVID-19 workers compensation claims reported for July, bringing the total for the year to 31,612 claims, or 10.2% of all California job injury claims in 2020, the California Workers’ Compensation Institute reported Tu...
Posted: Aug 20, 2020
More than one-third of states have accepted COVID-19 as an occupational illness for certain professionals, according to a report released Wednesday by the National Council on Compensation Insurance.
Posted: Aug 20, 2020
Guy Carpenter & Co. LLC, the reinsurance business of Marsh & McLennan Cos. Inc., snagged Jeffrey Livingston from Willis Re and named him to the newly created role of global head of sales, effective Sept. 1.
Posted: Aug 20, 2020
A federal judge on Tuesday dismissed a restaurant group’s suit against its insurance broker, ruling that the damages that the policyholder sought for alleged negligence in placing business interruption coverage were not recoverable under Texas law.
Posted: Aug 20, 2020
Uzbekistan-based Uzbekinvest Insurance Co.'s international reinsurance premiums increased eight-fold to $345 million in the first half of the year.
Posted: Aug 20, 2020
French insurer Axa SA is looking to sell its South Korean operations Axa General Insurance Co. Ltd.
Posted: Aug 20, 2020
Lloyd's of London plans to reopen its underwriting room next month following the closure in March due to the outbreak of the COVID-19 pandemic.
Posted: Aug 20, 2020