Business Insurance
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
Boston-based wholesale broker One80 Intermediaries on Thursday unveiled non-damage business interruption coverage for future pandemic-related losses with available limits up to $100 million.
Posted: Jul 23, 2020
Braulio Arsuaga Losada, president of the National Tourism Business Council of Mexico, said that the tourism industry could lose nearly 1.6 trillion Mexican pesos ($72 billion) this year, due to a 48% decline in tourism amid the COVID-19 pandemic.
Posted: Jul 23, 2020
Denis Kessler, chief executive of SCOR, said on Thursday he would favor an EU-wide pandemic scheme to cover business interruption losses, rather than any national plan, as the French reinsurer swung to a quarterly loss.
Posted: Jul 23, 2020
Zurich Insurance Group has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous groups.
Posted: Jul 22, 2020
The mother of a worker who died in a tractor accident failed to show that the actions of his employer were so egregious as to fall outside of the exclusivity provision of the North Carolina Workers Compensation Act.
Posted: Jul 22, 2020
Global insured losses from natural disasters totaled $30 billion for the first half of 2020, according to a report issued Wednesday by Aon PLC.
Posted: Jul 22, 2020
Cyber insurance and security firm Coalition Inc. said Wednesday it is now offering excess cyber insurance to middle-market accounts with up to $10 million in aggregate limits.
Posted: Jul 22, 2020
Occupational therapy and physical therapy assistants in New York would be authorized to treat workers compensation patients under legislation the state Senate passed unanimously Tuesday.
Posted: Jul 22, 2020
Surplus line premiums reported to the U.S. surplus lines stamping and service offices increased 10.3% in the first six months of this year compared with the year-earlier period, although the number of transactions decreased slightly, the Wholesale &...
Posted: Jul 22, 2020
Chubb Ltd. said Wednesday it has combined its North America accident and health businesses, naming Chris Martin president of the integrated division.
Posted: Jul 22, 2020
A Cleveland-based health care company is facing workplace safety citations following inspections of three of its Ohio nursing facilities that reported coronavirus-related hospitalization of seven employees, the U.S. Occupational Safety and Health Adm...
Posted: Jul 22, 2020