Business Insurance
Dutch insurer NN Group NV plans to enter the nonlife insurance market in Romania.
Posted: Jul 17, 2020
The U.S. Federal Trade Commission said Thursday that home products and kitchen wares company Williams-Sonoma Inc. will pay a $1 million fine to the agency for making for making false, misleading or unsubstantiated claims that certain of its products...
Posted: Jul 16, 2020
Investors are suing Deutsche Bank and its CEO Christian Sewing, alleging the bank made false and misleading statements before it agreed to pay a $150 million fine for compliance failures linked to disgraced financier Jeffrey Epstein.
Posted: Jul 16, 2020
A senior Bridgewater Associates LP executive was only making a guess that former employees used trade secrets to compete against the world's largest hedge fund firm, according to an arbitration ruling made public on Thursday that rejected the firm's...
Posted: Jul 16, 2020
Rival ride-hailing companies Uber Technologies Inc. and Lyft Inc. have virtually the same business model and are both being sued by the State of California over their classification of drivers as independent contractors.
Posted: Jul 16, 2020
Truist Insurance Holdings’ organic revenue growth dropped to 2.1% in the second quarter from 11.6% in year-earlier period, parent company Truist Financial Corp. reported Thursday.
Posted: Jul 16, 2020
Securities class-action filings involving technology companies increased by more than half in 2019, says a research report.
Posted: Jul 16, 2020
The Hartford Financial Services Group Inc. said Wednesday it estimates it will report second-quarter 2020 net income of $463 million, which would be a 24.5% increase over its comparable 2019 results, despite an estimated $251 million of pretax COVID-...
Posted: Jul 16, 2020
For the first time since 2014, microcaptives were not included in the annual IRS list of “tax scams,” but the agency said it will continue to raise concerns about the vehicles.
Posted: Jul 16, 2020
A federal appeals court overturned a lower court ruling and held in favor of a Georgia church in a dispute with its insurer over damages allegedly caused by 2021’s Hurricane Matthew.
Posted: Jul 16, 2020
Oregon’s State Accident Insurance Fund Corp. will pay out more than $6.5 million to 639 companies that participated in its joint workers compensation program during 2018-2019 with Associated General Contractors Oregon, the nonprofit workers comp prov...
Posted: Jul 16, 2020
CNA Financial Corp. expects to report a $210 million underwriting loss when it publishes its second-quarter results next month, but a rebound in investment markets and other investment gains will keep the insurer in the black for the quarter, CNA sai...
Posted: Jul 16, 2020
Dives conducted by employees of the Houston Aquarium are “scientific diving” and fall under an exemption to the U.S. Occupational Safety and Health Administration’s commercial diving standard, the 5th U.S. Circuit Court of Appeals held in a decision...
Posted: Jul 16, 2020
Google LLC’s YouTube and other online platforms are not liable when users illegally upload copyrighted works onto their platforms, but rightsholders can ask for injunctions against the companies, a European Union Court of Justice adviser said on Thur...
Posted: Jul 16, 2020
U.S. Senator Mark Warner (D-Virginia) called on Thursday for Twitter Inc. to investigate how hackers gained access to the social media company's internal systems to hijack accounts of several politicians, billionaires, celebrities and companies, and...
Posted: Jul 16, 2020
A federal judge on Wednesday dismissed charges against the former president of Blue Bell Creameries, who U.S. prosecutors said concealed from customers what the company knew about contaminated ice cream linked to a 2015 listeria outbreak.
Posted: Jul 16, 2020
Swiss Re Ltd. said that Dutch pension fund manager PGGM has increased its investment in Swiss Re’s sidecar vehicle, Viaduct Re Ltd., a special purpose insurer and segregated accounts company, to over $500 million.
Posted: Jul 16, 2020
Cyber analytics company Arceo.ai has named Charles J. Pruzinsky to the new position of executive vice president and chief underwriting officer for its U.S. operations,
Posted: Jul 16, 2020
Returning to the Workplace in a New Reality: How to encourage resiliency in your people, build confidence in your organization, and prepare for the future of work. Click here for report.
Posted: Jul 16, 2020
A higher threshold for loss is probably here to stay. Helmsman Management Service is working to help protect businesses from every angle with an approach that includes underwriting, claims, and legal expertise. Get the details.
Posted: Jul 16, 2020
A federal judge dismissed lawsuits by Grand Princess cruise ship passengers who sued for emotional distress caused by their fear of exposure to COVID-19, saying that allowing their cases to proceed would “lead to a flood of trivial suits.”
Posted: Jul 15, 2020
The Houston Rockets basketball organization and its venue the Toyota Center sued FM Global’s midmarket unit on Wednesday seeking business interruption coverage for coronavirus-related losses.
Posted: Jul 15, 2020
Former Groupon Inc. risk manager Liz Walker joined brokerage Marsh LLC on Monday as strategic claims and client engagement leader.
Posted: Jul 15, 2020
A 23-year-old man in Holbrook, Massachusetts, was riding in the fraud fast lane until someone reported their suspicions to the Massachusetts Insurance Fraud Bureau.
Posted: Jul 15, 2020
Vermont Gov. Phil Scott on Monday signed into law a bill that would help frontline workers during the coronavirus pandemic gain access to workers compensation benefits.
Posted: Jul 15, 2020