Business Insurance
Chinese authorities blasted a dam on Chuhe river in Anhui province on July 19 to release surging waters amid floods across the country.
Posted: Jul 21, 2020
Moroccan insurance brokers’ revenues have plummeted 70% since the onset of the COVID-19 pandemic, putting some 1,200 brokers at risk of bankruptcy.
Posted: Jul 21, 2020
Telecom Argentina SA suffered a ransomware attack on July 18 and hackers have demanded a ransom of $7.5 million to unlock encrypted files.
Posted: Jul 21, 2020
Posted: Jul 21, 2020
U.S.-based conglomerate The Libra Group Inc. has accused a former employee of stealing nearly €500 million ($572 million) in Greece.
Posted: Jul 21, 2020
The French Competition Authority has fined 12 companies a total of €93 million ($106 million) for conspiring to force slaughterhouses to sell their meat at a lower price and supermarkets to buy it for a higher price.
Posted: Jul 21, 2020
Data from Kyrgyzstan's National Statistical Committee showed that insurers' gross written premiums fell more than 6% year-over-year to 251.4 million Kyrgyzstanian som ($3.2 million) in the first quarter of the year.
Posted: Jul 21, 2020
Many colleges and even high schools are asking their athletes to sign COVID-19 waivers absolving the institutions of liability if they contract the virus, but experts question whether the documents will hold up in court.
Posted: Jul 21, 2020
A lawsuit filed Monday against Fox News charges terminated anchor Ed Henry had raped and sexually assaulted a former Fox News employee, and that other on-air personalities, including Sean Hannity and Tucker Carlson, had sexually harassed a Fox News c...
Posted: Jul 20, 2020
A witness who was a veteran firefighter, licensed master electrician and forensic expert was qualified to give expert testimony about a Pennsylvania shopping center fire, a federal appeals court panel ruled Friday in refusing an insurer’s request for...
Posted: Jul 20, 2020
Claims management company Global Risk Solutions Inc. said Monday it has bought Avon, Connecticut-based claims firm William Kramer & Associates.
Posted: Jul 20, 2020
While the U.S. Occupational Safety and Health Administration has yet to issue enforceable guidance for protecting workers from COVID-19, Virginia became the first state to create its own emergency temporary standard, and at least one state hopes to b...
Posted: Jul 20, 2020
A worker with preexisting depression showed that her workplace injury exacerbated her mental health condition, the Pennsylvania Commonwealth Court held in a decision released Thursday.
Posted: Jul 20, 2020
New York lawmakers on Friday introduced legislation that would limit the civil liability of employers and employees over possible transmission of COVID-19 “caused by an act or omission while acting in good faith” and causing death or injury.
Posted: Jul 20, 2020
German reinsurance group Munich Re said on Monday it was scrapping a planned share buyback as it reported second-quarter earnings that were depressed by payouts on major events that were canceled due to the coronavirus pandemic.
Posted: Jul 20, 2020
Connecticut Gov. Ned Lamont on Friday announced an executive order is “forthcoming” for workers who presumably contracted COVID-19 on the job, joining a number of states that now have in place such workers compensation protections for essential worke...
Posted: Jul 20, 2020
Whole Foods Market Inc. was sued on Monday by employees who accused the upscale grocery retailer of disciplining and retaliating against workers who wear “Black Lives Matter” face masks on the job, including one who said she was fired.
Posted: Jul 20, 2020
Brokerage CAC Specialty on Monday named Robert Regueiro, a former executive risk leader at McGriff Seibels & Williams Inc., as senior vice president and market account executive in its financial lines practice.
Posted: Jul 20, 2020
Industry experts expect a rise in Indian commercial insurance claims in the fiscal year ended March 31, 2021, due to a lack of maintenance in factories and plants, which have been shut for a long time due to the COVID-19 pandemic.
Posted: Jul 20, 2020
The China Banking and Insurance Regulatory Commission has seized control of four insurers linked to investment conglomerate Tomorrow Holding Co. Ltd., owned by businessman Xiao Jianhua, who disappeared three years ago amid a corruption investigation.
Posted: Jul 20, 2020
A huge blaze engulfed Shams Thermal Power Station in the Iranian city of Tabriz on July 19.
Posted: Jul 20, 2020
Malaysia has discovered 110 abandoned container ships carrying 1,864 tons of hazardous heavy metals at the Tanjung Pelepas port in the state of Johor last month.
Posted: Jul 20, 2020
A report said that incidents of piracy and armed robbery against ships in Asia nearly doubled to 51 in the first half of the year, compared with 28 in the first half of last year.
Posted: Jul 20, 2020
Flash floods and landslides have caused widespread damage in the Indonesian province of South Sulawesi.
Posted: Jul 20, 2020
Presumption laws for essential workers who acquire COVID-19 may have less of an impact than anticipated on the workers compensation system, but whether it will lead to an increase in claims workers compensation payouts is up for debate, said a group...
Posted: Jul 17, 2020