Business Insurance
Republican lawmakers have introduced legislation that would limit liability for COVID-19 exposure claims for employers as long as they are following public health guidelines.
Posted: Jul 30, 2020
U.S. insurance losses from Hurricane Hanna will not exceed $400 million, Risk Management Solutions Inc. said Thursday.
Posted: Jul 30, 2020
A federal district court on Wednesday ruled against an insurer who sought to dismiss breach of contract and bad faith charges made by a media company in connection with the dissemination of the Hulk Hogan sex tapes.
Posted: Jul 30, 2020
A construction contractor must pay the $35,000 penalty it was assessed for failing to ensure its workers used a trench box during excavation work, the Occupational Safety and Health Review Commission ruled Tuesday.
Posted: Jul 30, 2020
A concert promotion company has been granted a new trial over a $102 million award it argued was excessive in the case of a worker who fell and suffered a serious head injury while hanging a sign, according to a ruling issued by the Supreme Court of...
Posted: Jul 30, 2020
Marsh & McLennan Cos. Inc. faces stiffer revenue headwinds in the second half of the year due to the economic fallout from COVID-19, the company’s top executives said Thursday during a second-quarter earnings call with analysts.
Posted: Jul 30, 2020
Willis Towers Watson PLC reported second-quarter revenue of $2.11 billion on Thursday, a 3% increase over the same period last year, as the COVID-19 outbreak had a limited effect on the broker’s business, the brokerage’s top executive said.
Posted: Jul 30, 2020
Have too much wine last night? Hammer time in your head? Put down that bottle of Happy Hour Vitamins, the U.S. Food and Drug Administration says. And maybe consider putting down that bottle of wine next time.
Posted: Jul 30, 2020
Bayer AG contended in court papers that a jury verdict in favor of a Missouri peach farmer was based on a false premise because a private investigator it hired found the farmer was still in business.
Posted: Jul 30, 2020
Lloyd’s of London on Thursday set a target for women to make up at least 20% of boards and executive committees at its member firms by the end of 2023, compared with 15% currently, as it seeks to improve diversity in the commercial insurance market.
Posted: Jul 30, 2020
Posted: Jul 30, 2020
The position of a few insurance-linked securities funds has been driven into the red in June following adverse loss development related to typhoon Hagibis.
Posted: Jul 30, 2020
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