Business Insurance
CBIZ Inc. has acquired Woodbridge, Virginia-based Prince-Wood Insurance LLC, the financial services firm said Wednesday.
Posted: Jul 09, 2020
Heavy rains in southwestern Japan have forced plant closures across a broad range of industries due to floods and power outage.
Posted: Jul 09, 2020
The Indian government has called off the long-planned merger of three state-owned general insurers – United India Insurance Co. Ltd., The Oriental Insurance Co. Ltd. and National Insurance Co. Ltd.
Posted: Jul 09, 2020
Bronek Masojada, chief executive of insurer Hiscox Ltd., said that insurers in the U.K. are seeking to ensure that regulators will not force the industry to cover losses due to a second wave of the coronavirus pandemic.
Posted: Jul 09, 2020
South Africa-based insurer Santam Ltd. is seeking legal clarity on an application brought against it by an unnamed insured hotel group over COVID-19 pandemic-related business interruption claims.
Posted: Jul 09, 2020
Irish energy firm ESB International Ltd. could face a huge bill after the Supreme Court ruled that its negligence caused extensive flood damage to 29 buildings on the campus of University College Cork last year.
Posted: Jul 09, 2020
Two powerful explosions rocked a fireworks factory in China's Sichuan province on July 8 and injured at least six people.
Posted: Jul 09, 2020
The U.S. Supreme Court ruled Wednesday that “a ministerial exception” protects a pair of parochial schools from facing age and disability discrimination charges related to the firing of two teachers.
Posted: Jul 08, 2020
Amazon.com Inc.’s injury data is not confidential information, a judge for the U.S. District Court for the Northern District of California held Monday.
Posted: Jul 08, 2020
Workers compensation claims related to COVID-19 filed by California health care workers after the state’s presumption order took effect increased by nearly a third, but most claims closed quickly, according to third-party administrator Athens Insuran...
Posted: Jul 08, 2020
The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses caused by the coronavirus cri...
Posted: Jul 08, 2020
New York-based broker Lamb Insurance Services, which specializes in nonprofit and social service organizations, said Tuesday it has acquired Charlotte, North Carolina-based Prestige Insurance Services.
Posted: Jul 08, 2020
Take your zoom call overlooking the Pend Oreille River in Laclede, Idaho. Stay focused outside amid the sea-salt air of Hilton Head, South Carolina. Stretch your legs during your lunch break and get some air on a spacious deck overlooking the Rocky M...
Posted: Jul 08, 2020
The cost of COVID-19 on the workers compensation system in New York may be less severe than had been predicted, according to a research brief published by the New York Compensation Insurance Rating Board.
Posted: Jul 08, 2020
Crawford & Co. said Wednesday it named McLarens executive Paul Kottler president of Global Technical Services U.S., a Crawford division, the claims management company said in a statement.
Posted: Jul 08, 2020
Workers compensation pharmacy spending decreased 6.1% in 2019, a decline attributed to a number of factors including fewer opioids, more generic drugs, and lower costs via home delivery, according to new data released Wednesday by Matrix Healthcare S...
Posted: Jul 08, 2020
Bayer has agreed to delay part of a proposed settlement of allegations that its widely used weedkiller Roundup caused cancer after a U.S. judge questioned its plan to deal with future claims.
Posted: Jul 08, 2020
Willis Re, the reinsurance business of broker Willis Towers Watson PLC, has named James Moss co-head of Willis Re Specialty’s casualty practice, the broker said in a statement Wednesday.
Posted: Jul 08, 2020
Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums — tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines.
Posted: Jul 08, 2020
Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums — tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines.
Posted: Jul 08, 2020
Russia's environmental watchdog has fined mining firm MMC Norilsk Nickel PJSC's subsidiary nearly 148 billion Russian rubles ($2.1 billion) over an Arctic fuel spill in Siberia.
Posted: Jul 08, 2020
U.K.-based Rock Insurance Group Ltd. has launched two COVID-19 insurance policies to protect travel businesses and agents if customers cancel or postpone their trips due to issues related to the pandemic.
Posted: Jul 08, 2020
Israel has sued Germany-based Volkswagen AG, Audi AG, and local distributor Champion Motors Ltd. for $152 million over the diesel emissions scandal.
Posted: Jul 08, 2020
The high court in the South African city of Cape Town has ordered Guardrisk Insurance Co. Ltd. to pay Cafe Chameleon restaurant and bar's business interruption claims related to the COVID-19 pandemic.
Posted: Jul 08, 2020
Norway-based ship owning company Ocean Yield ASA said that it expects to receive insurance payout of around $26 million following a fire on its vehicle carrier Hoegh Xiamen.
Posted: Jul 08, 2020