Business Insurance
Neil Young wants you to “keep on rockin’ in the free world” — unless you’re at a Trump rally.
Posted: Aug 05, 2020
Employees who are using opioids legally are protected under federal disability law and can request an accommodation if its use creates a safety issue, the U.S. Equal Employment Opportunity Commission says in employee guidance issued Wednesday.
Posted: Aug 05, 2020
A power line company must still pay nearly $12,000 in fines after federal inspectors found safety and health violations following the death of a worker.
Posted: Aug 05, 2020
Arthur J. Gallagher & Co. has acquired Canada-based retail brokerage Insight Insurance & Risk Management Ltd., Gallagher announced Wednesday.
Posted: Aug 05, 2020
Researchers at Colorado State University on Wednesday upgraded their forecast for the 2020 Atlantic season to “extremely active” from “very active.”
Posted: Aug 05, 2020
German reinsurer Hannover Re SE on Wednesday said it will see a “major loss” from the explosion in Beirut, Lebanon, as it reported net income fell 39.3% to €402 million ($478 million) for the first half of the year.
Posted: Aug 05, 2020
July’s most popular Off Beat story featured a Kit Kat lawsuit. A story on Amazon delivering car insurance was No. 2 for page views for the month.
Posted: Aug 05, 2020
A U.S. judge on Tuesday sentenced former Google engineer Anthony Levandowski to 18 months in prison for stealing a trade secret from Google related to self-driving cars months before becoming the head of Uber Technologies Inc.'s rival unit.
Posted: Aug 05, 2020
Commercial insurance rates continued to rise in most lines in July although in some cases the pace of the increases slowed slightly from the prior month, according to insurance exchange Ivans Insurance Services’ monthly pricing index released Wednesd...
Posted: Aug 05, 2020
U.S. prosecutors are pursuing possible penalties of nearly $13 billion to resolve investigations of OxyContin maker Purdue Pharma after uncovering evidence of criminal and civil misconduct stemming from the company's alleged role in fueling the natio...
Posted: Aug 05, 2020
Guy Carpenter & Co. LLC named Peter Askew president and CEO of its Canadian operations, replacing its long-standing top executive in the country, as the reinsurance broker continues to revamp its management.
Posted: Aug 05, 2020
A powerful blast at port warehouses in Lebanon's capital Beirut on Aug. 4 killed 78 people and injured nearly 4,000 others.
Posted: Aug 05, 2020
Hong Kong has approved a new insurance bill to allow for the issuance of insurance-linked securities such as catastrophe bonds.
Posted: Aug 05, 2020
Kuwait Reinsurance Co. KSCP's gross written premiums declined 3.5% year-over-year to nearly 40 million Kuwaiti dinar ($130.5 million) in the first six months of the year.
Posted: Aug 05, 2020
German insurer Allianz on Wednesday posted a 29% fall in net profit for the second quarter from a year earlier and shied away from updating its full-year profit guidance as the coronavirus pandemic slows business and clouds the outlook.
Posted: Aug 05, 2020
The government of Spain's Canary Islands has declared an emergency after a fire broke out in an industrial complex on the island of El Hierro on Aug. 4.
Posted: Aug 05, 2020
The Philippines' flag carrier PAL Holdings Inc. has cancelled all domestic flights to and from Manila until Aug. 18, as the country re-entered lockdown amid a surge in coronavirus cases.
Posted: Aug 05, 2020
U.K.-based law firm Rubric Lois King Solicitors has sued insurers on behalf of more than 300 businesses for denying business interruption claims related to the coronavirus pandemic.
Posted: Aug 05, 2020
As employers make plans to bring their employees back to the workplace in the fall, questions over liability and responsibility are leading some to require workers to sign waivers or acknowledgments concerning COVID-19. However, experts question whet...
Posted: Aug 05, 2020
The Captive Insurance Companies Association said Tuesday it has settled its event cancellation claim with insurer Tokio Marine HCC for its 2020 international conference that was canceled due to COVID-19.
Posted: Aug 04, 2020
A mechanical engineering firm cannot recover a pollution loss under its coverage because it filed its claim late, even though it was allegedly told by its insurer’s claims department to hold off filing a claim until a formal demand had been made, a f...
Posted: Aug 04, 2020
Health care industry employees have filed the majority of workers compensation claims related to COVID-19, according to a study released Wednesday by Mitchell International Inc.
Posted: Aug 04, 2020
Nebraska lawmakers unanimously voted to enable first responders diagnosed with mental illness or injury as a result of their jobs access to workers compensation.
Posted: Aug 04, 2020
A Liberty Mutual Insurance Group unit has prevailed in litigation over a damaged Houston skyscraper because the damage does not meet the requirements of ensuing loss provision, says a federal appeals court, in affirming a lower court ruling.
Posted: Aug 04, 2020
Following numerous requests for more time, Business Insurance has extended the deadline to submit nominations for the 2020 Women to Watch Awards until 11:59 p.m. Central on Aug. 19. This will be a hard deadline.
Posted: Aug 04, 2020