Business Insurance
India-based ICICI Lombard General Insurance Co. Ltd. is in talks to buy rival Bharti Axa General Insurance Co. Ltd.
Posted: Jul 30, 2020
South African insurer Old Mutual Ltd. plans to pay more than 650 million South African rand ($40 million) in COVID-19 pandemic-related business interruption claims to small and medium enterprises with infectious disease cover.
Posted: Jul 30, 2020
A study by U.S.-based mutual insurer FM Global found that floods remain one of the more devastating risks for South and East Asia.
Posted: Jul 30, 2020
The Egyptian Financial Regulatory Authority said that overall insurance premiums increased 15.3% year-on-year to 12.5 billion Egyptian pounds ($782 million) during the first four months the year.
Posted: Jul 30, 2020
Several Caribbean islands are under storm warnings as tropical cyclone nine is expected to hit.
Posted: Jul 30, 2020
Insurers in the European Union are confronted with risks on several fronts that are intensified by the COVID-19 pandemic and could face lengthy legal battles from claims relating to lockdowns, the bloc's insurance watchdog said on Thursday.
Posted: Jul 30, 2020
A federal appeals court on Tuesday reinstated putative class-action litigation filed by pet owners against pet food manufacturers, veterinary clinic chains and a pet goods retailer alleging that the sale of prescription pet food exclusively through v...
Posted: Jul 29, 2020
Brokerage Acrisure LLC on Wednesday said it had bought artificial intelligence firm Tulco LLC’s insurance practice in a $400 million deal.
Posted: Jul 29, 2020
The United Food and Commercial Workers International Union and five local unions have filed a federal lawsuit against the U.S. Department of Agriculture over increased poultry plant line speeds the department authorized in 2018.
Posted: Jul 29, 2020
An administrative law judge must determine whether the testimony provided by two mail carriers who claim they were disciplined for reporting workplace injuries is credible.
Posted: Jul 29, 2020
Reuters — U.S. prosecutors are seeking 27 months of imprisonment for the former head of Uber Technologies Inc.'s self-driving technology unit, Anthony Levandowski, who agreed to plead guilty in March for taking sensitive documents from his former emp...
Posted: Jul 29, 2020
Posted: Jul 29, 2020
Emirates Group is offering free health insurance with airline ticket purchases to cover medical quarantine expenses should travelers be diagnosed with COVID-19 on their trip, the Dubai-based airline announced this month.
Posted: Jul 29, 2020
The number of new securities class-action lawsuits filed in federal and state courts declined in the first half, compared with last year’s second half and was the lowest level since the second half of 2016, according to a report released Wednesday.
Posted: Jul 29, 2020
New Jersey lawmakers introduced legislation that would modify limitations on attorneys fees in certain workers compensation lawsuits.
Posted: Jul 29, 2020
Chubb Ltd. posted a net loss for the second quarter, mainly due to COVID-19 losses, and its top executive warned Wednesday that pandemics are uninsurable on a broad basis without the federal government playing a major role.
Posted: Jul 29, 2020
Most home office workstations are set up incorrectly, according to a study by the University of Cincinnati.
Posted: Jul 29, 2020
The U.S. Department of Labor failed to provide evidence that a fatal accident could have been avoided in a construction incident, the Occupational Safety and Health Review Commission ruled Tuesday.
Posted: Jul 29, 2020
Axis Capital Holdings Ltd. on Tuesday reported net income of $120 million for the second quarter of 2020, down 32.2% compared with the same period last year as investment income plummeted.
Posted: Jul 29, 2020
Britain’s accounting watchdog on Wednesday fined international accounting firm BDO £160,000 ($207,040) for unintentional rule breaches in its audit of AmTrust Europe Ltd., saying the auditor would have to implement a training program.
Posted: Jul 29, 2020
Japan-based Nissan Motor Co. Ltd. expects its sales to decline to an 11-year low of 4.13 million units in the year ending March 2021, as the COVID-19 pandemic hampers its turnaround efforts.
Posted: Jul 29, 2020
Data from the Insurance Association of Turkey showed that overall premiums increased 21% year-over-year to more than 40 billion Turkish lira ($5.8 billion) in the first half of the year.
Posted: Jul 29, 2020
Russian National Reinsurance Co.'s net profit increased nearly 30% year-over-year to around 4 billion Russian rubles ($55.4 million) in the first half of the year.
Posted: Jul 29, 2020
U.K.-based data analytics firm GlobalData PLC predicts overall insurance premiums to rise by only 1.5% in Hong Kong this year due to the COVID-19 pandemic.
Posted: Jul 29, 2020
Heavy rains on July 25 and 26 caused widespread damage in the Mexican states of Coahuila, Nuevo Leon and Tamaulipas.
Posted: Jul 29, 2020