Business Insurance
McGriff, the retail insurance unit of Truist Insurance Holdings, formerly BB&T, has hired four veteran account executives for its transportation practice, the broker said in a statement Tuesday.
Posted: Jun 30, 2020
An Illinois temp agency has agreed to pay $568,500 to settle a race and sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency said Monday.
Posted: Jun 30, 2020
A hotel firm that transferred its insurance policies to a real estate fund after it defaulted on a loan cannot then sue the insurer for insurance proceeds, a federal appeals court said Monday, in affirming a lower court ruling.
Posted: Jun 30, 2020
A hotel firm that transferred its insurance policies to a real estate fund after it defaulted on a loan cannot then sue the insurer for insurance proceeds, a federal appeals court said Monday, in affirming a lower court ruling.
Posted: Jun 30, 2020
Ratings agency A.M. Best & Co. said Tuesday that it is maintaining a negative outlook on the commercial auto insurance sector after the line’s ninth straight year with an over 100% combined ratio.
Posted: Jun 30, 2020
A city is not entitled to subrogation from a firefighter’s third-party lawsuit, the New Jersey Supreme Court held Monday in a dispute between the city and its insurer.
Posted: Jun 30, 2020
The Oregon Occupational Safety and Health Division has released plans to create a COVID-19 workplace safety standard that could be a permanent standard for infectious diseases, according to a timeline made public Friday.
Posted: Jun 30, 2020
Dermatological drug payment shares have risen more than 10% and are a greater portion of workers compensation drug spend in many states, the Workers Compensation Research Institute said in a study released Tuesday.
Posted: Jun 30, 2020
The Hartford Financial Services Group Inc. has named Amy Stepnowski to succeed Brion Johnson as chief investment officer of The Hartford and president of Hartford Investment Management Company, effective Aug. 1, the company said in a statement Tuesda...
Posted: Jun 30, 2020
Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cybersecurity defenses, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks.
Posted: Jun 30, 2020
Unions representing 60,000 hospitality workers in Las Vegas and Reno, Nevada, are suing three casino properties over allegations of dangerous working conditions.
Posted: Jun 30, 2020
Older Major League Baseball coaches and managers are being benched over COVID-19 risk, according to an article on Deadspin.com this week.
Posted: Jun 30, 2020
Sandra Lee, head of Aon PLC’s transactions liability team in Asia, will join BMS Group Ltd. as head of its operations in Asia, subject to regulatory approvals, BMS said Tuesday.
Posted: Jun 30, 2020
Aon PLC on Tuesday said it would end the 20% salary cut it imposed on most of its staff in late April after the early lockdowns of the coronavirus pandemic began.
Posted: Jun 30, 2020
Richard Lewis, chief executive of the All England Lawn Tennis and Croquet Club, said that Wimbledon will not have pandemic insurance next year because of the current state of the insurance market.
Posted: Jun 30, 2020
The Indian government's decision to ban 59 Chinese applications could result in up to 50% decline in bilateral trade between the two nations this year.
Posted: Jun 30, 2020
China-based PICC Property and Casualty Co. Ltd. insured loans worth 20 billion Chinese yuan ($2.8 billion) that financial institutions provided to a large jewelry firm which used around 83 tons of fake gold bars as collateral.
Posted: Jun 30, 2020
Felix Mlusu, former managing director of Malawi-based insurer NICO Holdings PLC, has been named the country's finance minister.
Posted: Jun 30, 2020
U.K.-based data analytics firm GlobalData PLC expects Taiwan's general insurance industry to contract by 1.7% this year as a result of the COVID-19 pandemic.
Posted: Jun 30, 2020
The Icelandic Meteorological Office said that around 9,000 earthquakes have hit the island nation since June 19.
Posted: Jun 30, 2020
Italian telecommunications firm Open Fiber SpA is seeking €1.5 billion ($1.7 billion) in compensation from rival TIM SpA for allegedly abusing its dominant market position.
Posted: Jun 30, 2020
Retail sales in Japan declined in double digits for the second straight month in May as the coronavirus pandemic-induced lockdown kept shoppers away.
Posted: Jun 30, 2020
Businesses requiring customers to sign COVID-19 liability waivers as they reopen should not expect the documents to absolve them of all liability because it is unclear whether they will be enforced by courts, legal experts say.
Posted: Jun 30, 2020
A Pennsylvania state court has awarded USI Insurance Services Inc. $1.1 million in litigation over a former employee’s alleged failure to honor his noncompete agreement, in a ruling issued last week that focuses on the broker’s handwriting.
Posted: Jun 29, 2020
Cyber insurance expert Ben Beeson has left Arceo.ai and joined brokerage NFP Corp.
Posted: Jun 29, 2020