Business Insurance
A New York hospital at the center of the state’s response to the COVID-19 pandemic sued a Chubb Ltd. unit on Friday seeking coverage for coronavirus-related losses under a health care premises pollution liability policy.
Posted: Jul 27, 2020
California will implement new safeguards and has drafted a playbook to help protect the state’s frontline workers from COVID-19 and aid employers in reopening their businesses, Gov. Gavin Newsom said in a statement Friday.
Posted: Jul 27, 2020
The intoxication of a carpenter who fell from the roof of a house he was working on may have contributed to his accident, the Alaska Supreme Court held Friday.
Posted: Jul 27, 2020
A public sewage entity must pay death benefits to the family of a worker who took his own life after a work-related head injury led to a “degradation of his mental status,” the Appellate Division of the Supreme Court of New York ruled Thursday.
Posted: Jul 27, 2020
U.S. courts have seen more than 200 complaints filed against corporations alleging they are responsible for introducing and spreading COVID-19, Praedicat Inc. said Monday.
Posted: Jul 27, 2020
Axa XL, a division of Axa SA, on Monday announced its new Americas leadership team, building on the realignment first announced in April.
Posted: Jul 27, 2020
Cheers bar in Boston says business interruption coverage “sure would help a lot” in its lawsuit against its insurer for refusing to pay its claims for COVID-19 shutdown losses.
Posted: Jul 27, 2020
Under Armour Inc. disclosed on Monday that its top executives had received a Wells notice from the U.S. Securities and Exchange Commission related to an investigation about the sportswear maker's accounting practices.
Posted: Jul 27, 2020
South African insurer Santam aims to pay out around $60 million in relief within months to clients hit by the coronavirus pandemic, its CEO said on Monday, amid criticism of the sector's handling of policies that companies thought would cover them.
Posted: Jul 27, 2020
French reinsurer Scor SE's gross reinsurance premiums increased 1.3% to €717 million ($836 million) at the July renewals.
Posted: Jul 27, 2020
Insurance Australia Group Ltd. added a new catastrophe reinsurance cover and a stop loss cover at the July renewals.
Posted: Jul 27, 2020
Qatar Insurance Co.'s gross written premiums increased 13% year-on-year to 7.2 billion Qatari riyal ($2 billion) in the first half of the year, despite challenging market conditions.
Posted: Jul 27, 2020
Hong Kong and mainland Chinese authorities have introduced an insurance connect plan for the financial integration of the Greater Bay Area.
Posted: Jul 27, 2020
Indonesian reinsurers are developing plans to maintain liquidity as they expect a significant negative impact from the COVID-19 pandemic.
Posted: Jul 27, 2020
Posted: Jul 24, 2020
Workers compensation is likely to experience a rough patch financially, but experts are optimistic that the line will rebound to its 2019 strength in a few years.
Posted: Jul 24, 2020
A title insurance company has become the first insurer to be charged with violating the New York State Department of Financial Services’ 2017 cybersecurity regulation.
Posted: Jul 24, 2020
(Reuters) — The U.S. Federal Aviation Administration (FAA) on Friday issued an emergency airworthiness directive for 2,000 U.S.-registered Boeing 737 NG and Classic aircraft, warning of possible corrosion on parked planes that could lead to a dual-en...
Posted: Jul 24, 2020
A managed care company on Thursday reported a 650% increase in telephonic rehabilitation referrals during the COVID-19 pandemic.
Posted: Jul 24, 2020
An overwhelming majority of office workers want a staggered four-day workweek to limit the number of people working onsite during the pandemic, according to survey results released Wednesday by JDP, a Pittsburgh-based company that conducts employee s...
Posted: Jul 24, 2020
Indivior PLC on Friday said it had agreed to pay $600 million and have a subsidiary plead guilty to a criminal charge to resolve U.S. allegations that it engaged in an illegal scheme to boost prescriptions of its opioid addiction treatment Suboxone.
Posted: Jul 24, 2020
Connecticut has become the latest state to issue an executive order aimed at helping essential workers who contract COVID-19 obtain workers compensation.
Posted: Jul 24, 2020
Fast-growing Amazon.com Inc. is speeding into the car insurance market, the company announced Thursday.
Posted: Jul 24, 2020
More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees said, making it hard to defend against the hacking th...
Posted: Jul 24, 2020
The top two stories in this week’s Top 10 are both forward-looking. AIG announced plans to move its headquarters next year from New York’s Financial District to Midtown, and wholesale broker One80 rolled out non-damage pandemic business interruption...
Posted: Jul 24, 2020