Business Insurance
A boiler blast at power firm NLC India Ltd.'s Unit V of thermal power station-II in Neyveli township killed six workers and injured 17 others on July 1.
Posted: Jul 02, 2020
The Caribbean Development Bank has partnered with the Canadian government for the launch of a new $20 million Canada ($15 million) disaster risk management fund to assist the Caribbean nations.
Posted: Jul 02, 2020
Wanda Vazquez, governor of Puerto Rico, has declared a state of emergency after severe drought has left 21 of 78 municipalities without normal running water.
Posted: Jul 02, 2020
Several airlines have cancelled thousands of flights to Greece after the nation extended its ban on arrivals from the United Kingdom until July 15.
Posted: Jul 02, 2020
Government data showed that gross written premiums of the 46 nonlife insurers in Bangladesh grew nearly 9% to around 37 billion Bangladeshi taka ($428 million) last year.
Posted: Jul 02, 2020
The Japan Meteorological Agency predicts that Mount Sakurajima volcano in Kagoshima prefecture may erupt on a large scale soon.
Posted: Jul 02, 2020
The Delaware Supreme Court on Tuesday reinstated a shareholder lawsuit challenging the $18 billion merger in 2016 between Willis Group Holdings PLC and Towers Watson & Co., holding that Towers CEO John J. Haley’s potential conflict of interest in the...
Posted: Jul 01, 2020
Colorado Gov. Jared Polis on Tuesday signed into a law a bill providing workers compensation benefits for workers subjected to audible psychological trauma on the job.
Posted: Jul 01, 2020
An employee who suffered fractures of his left eye, nose and ankle and a dislocated shoulder at the hands of his supervisor is entitled to workers compensation, the West Virginia Supreme Court ruled.
Posted: Jul 01, 2020
Thirty-nine percent of couples have experienced arguments over insurance, a survey by personal finance website ValuePenguin.com revealed Tuesday.
Posted: Jul 01, 2020
A federal appeals court has overturned a lower court and reinstated discrimination charges filed by a daycare worker who was terminated after she took time off for a prophylactic double mastectomy.
Posted: Jul 01, 2020
Groups including the American Association of Justice, which represents trial lawyers, have sent a letter to Congress opposing legislation that would protect businesses from liability related to COVID-19.
Posted: Jul 01, 2020
Allianz Global Corporate & Specialty SE, part of Germany’s Allianz Group, plans a multiyear restructuring aimed at streamlining the company, the insurer said in a statement Wednesday.
Posted: Jul 01, 2020
Allianz Global Corporate & Specialty SE, part of Germany’s Allianz Group, plans a multiyear restructuring aimed at streamlining the company, the insurer said in a statement Wednesday.
Posted: Jul 01, 2020
California regulators sued Cisco Systems Inc. on Tuesday, accusing it of discriminating against an Indian-American employee and allowing him to be harassed by two managers because he was from a lower Indian caste than them.
Posted: Jul 01, 2020
“Black Swan” reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd's of London said.
Posted: Jul 01, 2020
Australia-based insurer Suncorp Group Ltd. has set aside up to $130 million Australia ($90 million) more for natural disasters for the financial year beginning July 1 compared with the previous year, due to greater exposure to market volatility.
Posted: Jul 01, 2020
A report by Lloyd's of London said that government-backed 'Black Swan' reinsurance cover could help businesses get insurance payouts after events like the coronavirus pandemic, solar storm destroying critical infrastructure and cyber attack.
Posted: Jul 01, 2020
A swarm of 40 million locusts is threatening to invade Brazil as the country battles with the COVID-19 pandemic.
Posted: Jul 01, 2020
The Central Weather Bureau of Taiwan predicts three to five typhoons to hit the country during this year's July-September typhoon season.
Posted: Jul 01, 2020
Residents of Opal Tower in the Australian state of New South Wales have sued Sydney Olympic Park Authority and the state government after allegedly finding around 500 defects in the building.
Posted: Jul 01, 2020
(Reuters) — Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization of $1.54 billion.
Posted: Jul 01, 2020
The Climate Financial Risk Forum has called for the development of a climate-related insurance-linked securities market in London.
Posted: Jul 01, 2020
As the numbers of COVID-19 infections continue to climb, employment attorneys say fearful workers have limited rights in refusing to work, while employers have legal obligations to provide a safe place to work.
Posted: Jul 01, 2020
It’s a staggering expense – one you can do something about. Know the top 10 causes of workplace injuries to better protect your employees and business. Learn more with Helmsman Management Service’s quick-read infographic.
Posted: Jul 01, 2020