Business Insurance
Hotels in Egypt are demanding a reduction in insurance premiums for civil liability policies and payment of premiums in instalments.
Posted: Jul 13, 2020
Singapore-based real estate development firm City Developments Ltd. expects its hotel segment to report pre-tax loss of up to $140 million in the first six months of the year due to the COVID-19 pandemic.
Posted: Jul 13, 2020
Leisure businesses such as adventure parks are shutting down across Ireland due to restrictions related to the COVID-19 pandemic and high insurance costs.
Posted: Jul 13, 2020
Four Nigerian insurers' gross written premiums totaled nearly 43 billion Nigerian naira ($111 million) last year.
Posted: Jul 13, 2020
A report by Swiss Re Institute said that nonlife insurance premiums are expected to decline by more than 2% this year in the Asia Pacific region's advanced markets due to the global economic slowdown.
Posted: Jul 13, 2020
John A. Bogardus Jr., former chairman of Alexander & Alexander Services Inc., died in Scottsdale, Arizona, on June 28. He was 92.
Posted: Jul 10, 2020
W.R. Berkley Corp. estimates second-quarter pretax catastrophe losses of $145 million, including losses related to the COVID-19 pandemic and civil unrest, but expects its revenue will hold steady despite the economic downturn, the Greenwich, Connecti...
Posted: Jul 10, 2020
Sarah Jessica Parker, the actress most famous for playing shoe-obsessed Carrie Bradshaw in “Sex and the City,” caught flack for a social media post regarding the launch of the New York City show store.
Posted: Jul 10, 2020
Louisiana Gov. John Bel Edwards on Wednesday signed into law a bill that provides schools with immunity from COVID-19-related litigation.
Posted: Jul 10, 2020
A volunteer firefighter who suffered “severe” multiple injuries when a branch fell on him as he was cutting down a tree to gain access to a fire cannot add additional pain to his four-year-old workers compensation claim, the Supreme Court of Appeals...
Posted: Jul 10, 2020
A chicken processor failed to convince a circuit court to overturn several workplace safety citations leveled against it by the U.S. Occupational Safety and Health Administration.
Posted: Jul 10, 2020
A mechanic failed to show his shoulder injury occurred on the job, a West Virginia appellate court held Thursday.
Posted: Jul 10, 2020
A federal appeals court on Thursday cleared the way for prosecutors to seek longer prison sentences for a founder and supervisory pharmacist of a Massachusetts compounding pharmacy whose tainted drugs sparked a deadly fungal meningitis outbreak in 20...
Posted: Jul 10, 2020
COVID-19’s impact on July 1 renewal rates across commercial lines generated considerable interest this week. So, too, did coverage of coronavirus-related litigation.
Posted: Jul 10, 2020
Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis.
Posted: Jul 10, 2020
LG Polymers India Pvt. Ltd.'s chief executive Sunkey Jeong and director D S Kim have been charged for the gas leak at a chemical plant in Visakhapatnam on May 7, which led to the death of 15 people and sickening of more than 5,000 others.
Posted: Jul 10, 2020
Brazilian authorities have said that petrochemical firm Braskem SA's former salt mining operation has caused geological damage in a wider area than previously identified and can cost an additional 850 million Brazilian real ($160 million).
Posted: Jul 10, 2020
John Quinlan, chief executive of Aviva Group Ireland PLC's general insurance unit, has sued the insurer amid speculations that Aviva is lining up a replacement for him.
Posted: Jul 10, 2020
Romania-based Globasig Insurance and Reinsurance Broker SRL's premiums increased more than 10% year-over-year to nearly 42 million Romanian lei ($10 million) in the first half of this year.
Posted: Jul 10, 2020
Data from the Central Bank of Russia showed that local insurers' gross written premiums grew 12.6% year-on-year to 426.3 billion Russian rubles ($6 billion) in the first quarter of this year.
Posted: Jul 10, 2020
The Insurance Regulatory and Development Authority of India has set up a panel to study the feasibility of forming a pool to address the risks arising out of a pandemic.
Posted: Jul 10, 2020
A warehouse management company failed to show that it was covered by the exclusivity provision of New York’s Workers Compensation Act in a lawsuit filed by a man who was injured on its premises.
Posted: Jul 09, 2020
Chez Panisse has filed suit against a Nationwide Mutual Insurance Co. unit for its refusal to pay business interruption expenses in connection with the pandemic.
Posted: Jul 09, 2020
A federal appeals court overturned a ruling in favor of a Hanover Insurance Group unit in a dispute over a bond, ruling the lower court’s decision was premature.
Posted: Jul 09, 2020
The wife and two children of a disabled worker who later died cannot collect permanent total disability benefits that had previously been awarded to him because they were not named as dependents when he suffered a workplace injury in 2005, a divided...
Posted: Jul 09, 2020