Business Insurance
A chlorine gas leak at Iran-based Karoon Petrochemical Co.'s plant in Mahshahr city sickened 70 workers on July 4.
Posted: Jul 06, 2020
Japan-based Tokio Marine & Nichido Fire Insurance Co. Ltd. has launched a complementary remote loss prevention service for its corporate clients.
Posted: Jul 06, 2020
Heavy rains and floods have destroyed 17,000 homes and caused nearly $6 billion worth of damage in China so far this year.
Posted: Jul 06, 2020
Egypt's insurance market expects to see a wave of mergers and acquisitions among brokers following the Financial Regulatory Authority's decision in June to stop issuing new licenses for a year.
Posted: Jul 06, 2020
Data released by the Central Insurance of Iran showed that aviation insurance premiums declined 22% year-over-year in March and April due to the COVID-19 pandemic.
Posted: Jul 06, 2020
Cat in a Box, Single Trigger, Intensity. What do all these terms have to do with Parametric Insurance?Swiss Re Corporate Solutions breaks it all down.
Posted: Jul 06, 2020
Aon topped the news this week with its decision to end a 20% coronavirus-related salary cut imposed on most of its staff. Also of note: Insurtech startup Lemonade’s rousing IPO, which saw its shares surge 73% in their first day of trading.
Posted: Jul 03, 2020
Dutch construction firm Royal BAM Group, German civil engineering company Bilfinger SE and construction firm Ed. Zublin AG will pay €200 million ($225 million) each to German city Cologne to settle liabilities arising from the collapse of the city's...
Posted: Jul 03, 2020
Chinese insurance intermediaries have reported a significant decline in their financial results in the first quarter due to the COVID-19 pandemic.
Posted: Jul 03, 2020
Bermuda-based Aspen Insurance Holdings Ltd. and French insurer Axa SA's subsidiary Axa XL have withdrawn from a planned coal mine and rail project in the Australian state of Queensland.
Posted: Jul 03, 2020
China-based technology firm ByteDance Ltd. could lose $6 billion as a result of the Indian government's decision to ban TikTok, Helo and other Chinese applications.
Posted: Jul 03, 2020
Vietnamese insurer Bao Viet Holdings expects its net profit to fall 5% year-on-year to nearly 1.2 trillion Vietnamese dong ($51 million) this year due to the COVID-19 pandemic.
Posted: Jul 03, 2020
An explosion ripped through a building at Iran's main nuclear production facility on July 2 and caused extensive damage.
Posted: Jul 03, 2020
The Mexican National Seismological Service said that a 5.5 magnitude earthquake shook the southern state of Oaxaca on July 2.
Posted: Jul 03, 2020
Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer's chief executive said in an interview.
Posted: Jul 02, 2020
A grocery store worker whose doctor attributed the “breakdown of his health” to mold exposure at work suffered an “injury-by-disease,” the Supreme Court of Hawaii ruled Tuesday, overturning an earlier ruling that vacated his workers compensation clai...
Posted: Jul 02, 2020
Lawyers representing a class action against the makers of SweeTarts candy over ingredient claims got a sweet deal.
Posted: Jul 02, 2020
Shares of insurance startup Lemonade Inc. surged 73% in their market debut on Thursday, capitalizing on the rebound in U.S. investor demand for new listings following the coronavirus outbreak.
Posted: Jul 02, 2020
The family of a housekeeper who worked at a nursing home in Beaver, Pennsylvania, and died of COVID-19 filed a lawsuit Wednesday against the facility, alleging negligence and a “long pattern of unsafe, unsanitary conditions,” attorneys announced.
Posted: Jul 02, 2020
A man whose eyes were stabbed by a co-worker is not entitled to workers compensation, a Virginia appellate court held when it determined that his injuries did not arise out of his employment.
Posted: Jul 02, 2020
New Hampshire lawmakers approved legislation requiring the state to provide free personal protective equipment to small employers, eliminate cost-sharing for COVID-19 testing and treatment, and extend paid time off for leaves due to coronavirus.
Posted: Jul 02, 2020
Novartis AG agreed to pay more than $729 million to settle federal charges it paid illegal kickbacks to doctors and patients to boost drug sales, the U.S. Department of Justice said on Wednesday.
Posted: Jul 02, 2020
The U.S. Supreme Court will decide whether American corporations can be sued for alleged human rights abuses occurring abroad under a 1789 law, agreeing on Thursday to hear appeals by two companies — Cargill Inc. and a Nestle SA subsidiary — accused...
Posted: Jul 02, 2020
Major media and sports organizations including the Motion Picture Association and the National Football League along with various nonprofit groups representing businesses hard-hit by COVID-19 have urged Congress to pass the Pandemic Risk Insurance Ac...
Posted: Jul 02, 2020
Axa XL's subsidiary XL Insurance (China) Co. Ltd. has received approval to change its license in the country from insurance to reinsurance.
Posted: Jul 02, 2020