Business Insurance
U.K.-based internet monitoring organization NetBlocks Group said that Ethiopia suffered a loss of at least $100 million due to internet shutdown for 23 days in July.
Posted: Jul 29, 2020
Mandatory mask policies aimed at reducing the spread of COVID-19 have made workers more vulnerable to potential assaults by customers who view these policies as an infringement of their rights, experts say.
Posted: Jul 29, 2020
A federal judge has thrown out a class-action lawsuit against The Hershey Co. that claimed customers expecting white chocolate in white Kit Kats are being misled, ruling that the case holds no water over the packaging that claims the candy is “white”...
Posted: Jul 28, 2020
The American Society of Safety Professionals has announced a series of virtual education classes to help occupational health and safety professionals stay current on best practices, the society announced in a statement Tuesday.
Posted: Jul 28, 2020
A total of $2.75 billion of property catastrophe bond new issuance was placed in the second quarter of 2020 across 13 transactions, according to a report Tuesday from Aon PLC.
Posted: Jul 28, 2020
The COVID-19 outbreak has roiled transportation insurance markets as trucking continues to drive rates higher in the sector, according to a report released Tuesday by Risk Placement Services.
Posted: Jul 28, 2020
Lloyd’s of London syndicates are not liable for an accident where a hunter fell from a faulty ladder and broke his back, a divided federal appeals court said Monday, in affirming a lower court ruling.
Posted: Jul 28, 2020
Board member Jacques Bonneau has been named president and chief executive officer of PartnerRe Ltd., effective immediately, the reinsurer said Tuesday.
Posted: Jul 28, 2020
Legislation that would presume that essential workers who acquire COVID-19 did so on the job may soon go before the New Jersey Assembly for a vote.
Posted: Jul 28, 2020
Global insurtech funding in the second quarter reached $1.56 billion across 74 deals, up 71% from the first quarter of 2020, according to a report from Willis Towers Watson PLC on Tuesday.
Posted: Jul 28, 2020
An investment advisory unit of American International Group Inc. has agreed to pay about $40 million for failing to disclose to teachers and other clients conflicts of interest and practices that generated millions of dollars for the firm, the U.S. S...
Posted: Jul 28, 2020
Brown & Brown Inc. reported higher revenue for the second quarter, but the COVID-19 pandemic may affect the overall economy until 2022, its top executive said Tuesday.
Posted: Jul 28, 2020
Insured losses from Hurricane Hanna will be close to $350 million, Boston-based catastrophe modeler Karen Clark & Co. said in a statement Tuesday.
Posted: Jul 28, 2020
Hotels in Canada have sued U.K.-based insurer Aviva PLC for $150 million for denying business interruption claims related to the COVID-19 pandemic.
Posted: Jul 28, 2020
Data from the China Banking and Insurance Regulatory Commission showed that flood-related claims surpassed 2.4 billion Chinese yuan ($343 million) as of July 17.
Posted: Jul 28, 2020
U.K.-based data analytics firm GlobalData PLC predicts Thailand's nonlife insurance market to contract 5.6% this year due to the COVID-19 pandemic.
Posted: Jul 28, 2020
Nearly 50 hours of secretly recorded tapes revealed that Germany-based Volkswagen AG had engaged in legally dubious behavior in a dispute with Bosnian auto parts supplier Prevent Group CEE.
Posted: Jul 28, 2020
Fire at a plastics plant in the Dominican province of San Cristobal damaged nearly 95% of the factory complex on July 26.
Posted: Jul 28, 2020
Adi Pramana, president director of Tugu Reasuransi Indonesia PT, said that the insurer's gross written premiums increased 31% year-over-year to more than 3 trillion Indonesian rupiah ($206 million) last year.
Posted: Jul 28, 2020
Marine insurers are continuing to increase prices on lower reinsurance capacity, and underwriters also are contending with heightened political tensions in various international shipping areas, sources say.
Posted: Jul 28, 2020
A federal judge overseeing thousands of opioid lawsuits declined on Monday to grant a demand by plaintiffs attorneys for fees that could be worth billions of dollars, a request drug company defendants had said would jeopardize settlement talks.
Posted: Jul 27, 2020
California’s attorney general and state and local agencies are investigating whether Amazon.com Inc. has taken adequate steps to protect its workers from the coronavirus pandemic, according to a court filing on Monday.
Posted: Jul 27, 2020
The U.S. Federal Trade Commission said on Monday that buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements.
Posted: Jul 27, 2020
Masks are making facial recognition algorithms more problematic, says a study issued by the National Institute of Standards and Technology on Monday.
Posted: Jul 27, 2020
A New York lawmaker has introduced legislation that would require measures be taken to help prioritize the care of children of essential workers during an emergency.
Posted: Jul 27, 2020