Business Insurance
Verisk Analytics Inc. has released ARC (Analytics of Risk from Cyber), a cyber risk modeling platform, the data analytics provider said in a statement Wednesday.
Posted: Jul 22, 2020
Companies that wanted to curb the risk of the spread of COVID-19 among workers sent many of them home to work amid the comfort of kids, pets and household duties.
Posted: Jul 22, 2020
A federal judge has dismissed a lawsuit accusing Burger King Corp. of deceiving vegan, vegetarian and other customers into thinking it cooked the plant-based patties for its “Impossible Whopper" on different grills than those used to cook beef and ch...
Posted: Jul 22, 2020
Australia-based QBE Insurance Group Ltd. expects to report a loss of $1.1 billion Australia ($779 million) in the first half of the year due to the COVID-19 pandemic.
Posted: Jul 22, 2020
Five GM Korea Co. executives, including chief executive Kaher Kazem, have been accused of violating a law aimed at protecting temporary agency workers.
Posted: Jul 22, 2020
U.K.-based data analytics firm GlobalData PLC said that a rise in business interruption insurance claims is likely to hurt Aviva PLC's profits this year.
Posted: Jul 22, 2020
Swiss catastrophe loss data provider Perils AG expects insurance and reinsurance claims related to the hailstorms that struck the southeastern region of Australia in January to surpass $1.8 billion Australia ($1.3 billion).
Posted: Jul 22, 2020
John Chen, chief executive of Swiss Re China, said that local insurers should launch products and services with targeted and customized features to boost coverage rates after the COVID-19 pandemic.
Posted: Jul 22, 2020
U.K.-based insurtech startup Marrikel Ltd. has launched a web-based reinsurance broking platform to support the entire reinsurance transaction-flow, from marketing through digital execution.
Posted: Jul 22, 2020
Workplace safety rules may clash with federal protections for individual rights if employees resist potential employer efforts to require them to take a prospective COVID-19 vaccine, but safety considerations will likely carry more weight in court, s...
Posted: Jul 22, 2020
W.R. Berkley Corp.’s profit plummeted in the second quarter of 2020 as coronavirus-related losses hit the insurer and investment income fell.
Posted: Jul 21, 2020
An Argo Group unit has no duty to defend a pool construction company in a trademark infringement coverage dispute, a federal appeals court said Monday in affirming a lower court ruling.
Posted: Jul 21, 2020
A federal district court ruled in favor of Arch Specialty Co. on Monday and said it does not have to submit to arbitration in a dispute with the University of Southern California over coverage involving a former USC physician charged with sexual misc...
Posted: Jul 21, 2020
New York-based reinsurance broker Holborn Corp. on Tuesday named Timothy R. Amman, a former managing director at Goldman Sachs Group Inc., as its chief financial officer, effective immediately.
Posted: Jul 21, 2020
The cyber insurance market will continue its upward pricing momentum in the medium term in COVID-19, amid rising frequency and severity of claims, A.M. Best Inc. said in a report Tuesday.
Posted: Jul 21, 2020
Liberty Mutual Insurance Co. cannot claim premium for marine workers not covered by state workers compensation laws, a circuit court held in a decision published Monday.
Posted: Jul 21, 2020
The U.S. Justice Department indicted two Chinese nationals for hacking defense contractors, COVID researchers and hundreds of other victims worldwide, according to a court filing published on Tuesday.
Posted: Jul 21, 2020
Chubb Ltd. said Tuesday that Scott Meyer will succeed Bruce Kessler, who is retiring at the end of the year, as senior vice president of Chubb Group and division president of Westchester, the company’s wholesale and excess and surplus lines insurance...
Posted: Jul 21, 2020
A unit of UBS Group AG has agreed to pay more than $10 million to resolve charges it circumvented the priority given to retail investors in certain municipal bond offerings, the U.S. Securities and Exchange Commission said Monday.
Posted: Jul 21, 2020
NFL players have unleashed a strategy to get the league to take safety and COVID-19 seriously: social media.
Posted: Jul 21, 2020
West Virginia Gov. Jim Justice announced a proposed workers compensation loss cost reduction of 8.3%, which could save employers $16 million, according to a statement released Monday.
Posted: Jul 21, 2020
Hotel workers in California have filed a lawsuit seeking greater protections from COVID-19, while Nevada casino workers announced Monday that they have been granted expedited arbitration on their complaints about worker safety.
Posted: Jul 21, 2020
Bayer AG failed to persuade a California appeals court to overturn a verdict favoring a school groundskeeper who claimed its Roundup weed killer caused his cancer but reduced the amount of damages by 74% to $20.5 million.
Posted: Jul 21, 2020
American International Group Inc. Tuesday announced plans to move its headquarters next year from New York’s Financial District to Rockefeller Center in Midtown.
Posted: Jul 21, 2020
The U.K.'s Financial Conduct Authority said that the COVID-19 outbreak should trigger payments under insurance policies which provide cover when insured premises cannot be used due to restrictions imposed by authorities in the event of a pandemic.
Posted: Jul 21, 2020