Business Insurance
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
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