Business Insurance
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
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