Business Insurance
Last week’s U.S. Supreme Court ruling holding that a “ministerial exception” protects a pair of parochial schools from federal age and disability discrimination charges in connection with the firing of two teachers leaves gray areas, experts say.
Posted: Jul 14, 2020
A Texas CBS Corp. division will pay a $215,000 settlement to a freelance traffic reporter who was rejected for a staff position in favor of a much younger applicant, a former NFL cheerleader, in an age discrimination lawsuit filed by the U.S. Equal E...
Posted: Jul 13, 2020
Two plaintiff law firms in the Harvey Weinstein litigation filed objections to preliminary approval of a proposed class settlement in federal court Monday.
Posted: Jul 13, 2020
Guy Carpenter & Co., the reinsurance broking unit of Marsh & McLennan Cos., has named Willis Towers Watson PLC veteran Henry Lawrence to the newly created position of managing director, GC Fac UK, effective Aug. 17.
Posted: Jul 13, 2020
Lloyd’s of London will relinquish its admitted insurance licenses in Kentucky, Illinois and the U.S. Virgin Islands, the insurance market announced Friday.
Posted: Jul 13, 2020
Posted: Jul 13, 2020
Axis Insurance, a unit of Pembroke, Bermuda-based Axis Capital Holdings Ltd., said Monday it has hired three cyber underwriters.
Posted: Jul 13, 2020
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country.
Posted: Jul 13, 2020
Credit Suisse Group AG agreed to pay $15.5 million to settle a lawsuit accusing it of defrauding shareholders about its risk appetite and management before taking $1 billion of write-downs on souring debt, court filings on Friday show.
Posted: Jul 13, 2020
Microsoft Corp.’s LinkedIn was sued by a New York-based iPhone user on Friday for allegedly reading and diverting users’ sensitive content from Apple Inc.’s Universal Clipboard application.
Posted: Jul 13, 2020
A company that markets a face mask that enables the wearer to enjoy a beverage while protecting themselves and others against the spread of COVID-19 is threatening to sue another company alleging their similar masks are dangerous knockoffs.
Posted: Jul 13, 2020
Heavy rains and floods have caused more than 82 billion Chinese yuan ($11.7 billion) worth of damage in China.
Posted: Jul 13, 2020
Turkish bank Turk Eximbank will provide a nearly $80 million reinsurance cover to the U.K. Export Finance Agency's energy projects in Iraq.
Posted: Jul 13, 2020
Industry experts said that the Asia Pacific region has become a key component of the global insurance-linked securities market as interest from cedants and issuers continues to rise.
Posted: Jul 13, 2020
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