Business Insurance
London-based wholesale brokerage Tysers Insurance Brokers Ltd. Friday named Clive Buesnel, former U.K. head of insurance at Deloitte Touche Tohmatsu Ltd., as its new chief executive officer.
Posted: Jul 24, 2020
U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct.
Posted: Jul 24, 2020
French reinsurer Scor SE said that claims related to the COVID-19 pandemic totaled €456 million ($528 million) in the second quarter of the year.
Posted: Jul 24, 2020
The China Meteorological Administration said that provinces as far apart as Sichuan in the southwest to Gansu in the northwest are at risk of heavy rains that are expected to hit the region in the coming days.
Posted: Jul 24, 2020
Italy-based insurer Assicurazioni Generali SpA has signed a memorandum of understanding with the Association of European Chambers of Commerce and Industry for a pandemic risk pool.
Posted: Jul 24, 2020
Insurance Australia Group Ltd.'s net profit fell 70% year-over-year to $279 million Australia ($200 million) for the financial year ended June 30, due to natural disaster claims, volatile investment markets, and lower premiums because of the COVID-19...
Posted: Jul 24, 2020
South Korean display panels maker LG Display Co. Ltd. reported its sixth straight quarter of operating loss in the second quarter after retail stores were shut around the world due to the COVID-19 pandemic.
Posted: Jul 24, 2020
Heavy rains and flash floods have caused widespread damage in South Korea.
Posted: Jul 24, 2020
The Philippines' flag carrier PAL Holdings Inc. reported a net loss of more than $183 million in the first quarter of the year due to the COVID-19 pandemic.
Posted: Jul 24, 2020
An insurer is not obligated to defend a construction company in a case involving hazardous fumes and dust because “there is no ambiguity” its policy’s pollution exclusion applies, a federal appeals court ruled Thursday in affirming a lower court ruli...
Posted: Jul 23, 2020
A federal appeals court on Wednesday reinstated a copyright infringement lawsuit filed by two screenwriters and a producer against the Walt Disney Co. in connection with its film Pirates of the Caribbean: Curse of the Black Pearl.
Posted: Jul 23, 2020
Lloyd’s of London on Wednesday said it has given preliminary approval to a syndicate that will offer coverage for COVID-19 vaccine shipments.
Posted: Jul 23, 2020
Travelers Cos. Inc. Thursday reported a net loss of $40 million for the second quarter, as it was hit by higher catastrophe losses and lower net investment income.
Posted: Jul 23, 2020
The National Association of Insurance Commissioners said Thursday it has formed a special committee focused on race and insurance.
Posted: Jul 23, 2020
The U.S. Occupational Safety and Health Administration must make public workplace injuries and illnesses records, according to an announcement Wednesday by the Public Citizen Foundation, which sued the federal agency in 2018 over access.
Posted: Jul 23, 2020
A construction foreman who suffered heatstroke on the job is entitled to workers compensation benefits in part due to the “arbitrary and capricious” handling of his claim, a state appellate court held on Tuesday.
Posted: Jul 23, 2020
LUBA Casualty Insurance Co. has expanded its workers compensation coverage into Alabama, Oklahoma and Tennessee, the Baton Rouge, Louisiana-based insurer announced in a statement Wednesday.
Posted: Jul 23, 2020
Swiss Re Ltd. announced that Pranav Pasricha will succeed Eric Schuh as global head property/casualty solutions of the company’s global reinsurance business unit, effective Aug. 3.
Posted: Jul 23, 2020
A Texas restaurant must pay damages to a cook who slipped and fell on a wet floor, an appeals court in Texas ruled Wednesday in affirming a trial court’s decision to award the worker $103,429 in damages in a premises liability lawsuit.
Posted: Jul 23, 2020
A Texas restaurant must pay damages to a cook who slipped and fell on a wet floor, an appeals court in Texas ruled Wednesday in affirming a trial court’s decision to award the worker $103,429 in damages in a premises liability lawsuit.
Posted: Jul 23, 2020
Twitter said on Wednesday that the hackers who breached its systems last week likely read the direct messages of 36 accounts, including one belonging to an elected official in the Netherlands.
Posted: Jul 23, 2020
Replacing that something borrowed, something blue that flourishes during wedding season is someone angry, someone sued as wedding-related lawsuits continue to make headlines in light of COVID-19 restrictions.
Posted: Jul 23, 2020
Swiss Re Ltd. reported a net loss of around $1.1 billion for the first half of the year, driven by $2.5 billion of claims and reserves related to the COVID-19 pandemic.
Posted: Jul 23, 2020
Qatar Airways Co. QCSC has sued Saudi Arabia, the United Arab Emirates, Bahrain, and Egypt for at least $5 billion for damage caused to its investments and global operations due to the quartet's ongoing blockade against Qatar.
Posted: Jul 23, 2020
British insurer Beazley PLC swung to a loss for the first half on Thursday after setting aside $170 million for coronavirus-related claims, saying the fallout from the crisis would be similar to a major natural catastrophe.
Posted: Jul 23, 2020