Business Insurance
Irish insurer FBD Holdings PLC has set aside €22 million ($25 million) to cover potential costs in case it loses a test case against pub owners over whether their policies with the insurer cover business interruption due to the COVID-19 pandemic.
Posted: Jun 25, 2020
The combined net profit of the four listed nonlife insurers in South Korea is expected to rise nearly 15% year-over-year to 5.3 trillion South Korean won ($4.4 billion) in the second quarter.
Posted: Jun 25, 2020
An official said that Chinese hackers have attempted 40,300 cyber attacks on India's information technology infrastructure and banking sector in the last four to five days.
Posted: Jun 25, 2020
Operations at Mexican petroleum firm Petroleos Mexicanos' (Pemex) Salina Cruz oil refinery has been halted after a fire broke out following the 7.4-magnitude earthquake, which hit the state of Oaxaca on June 23.
Posted: Jun 25, 2020
Bahrain-based Trust International Insurance & Reinsurance Co. BSC plans to centralize all its activities at its head office in Bahrain, and cease operations at its Labuan and Morocco branches.
Posted: Jun 25, 2020
The Japan Meteorological Agency said that an earthquake of magnitude 6.1 hit eastern Japan on June 25, and rocked buildings in Tokyo and surrounding prefectures.
Posted: Jun 25, 2020
Sectors including aviation, hospitality, executive risks and property insurance are facing higher rates because of the pandemic, but others, including cyber, have been less significantly impacted, says a report issued by EPIC Insurance Brokers & Cons...
Posted: Jun 24, 2020
COVID-19’s full impact on directors and officers liability pricing remains to be seen, but Marsh LLC clients are already experiencing significant price hikes that are expected to continue, the broker said in a report issued Wednesday.
Posted: Jun 24, 2020
The state of Minnesota on Wednesday filed a lawsuit against the American Petroleum Institute, Exxon Mobil Corp. and Koch Industries for what it called a decades-long campaign to deceive the public about climate change.
Posted: Jun 24, 2020
An insurer is not obligated to pay a $2.6 million default judgment against a truck driver who has disappeared, says a divided federal appeals court, in affirming a lower court ruling.
Posted: Jun 24, 2020
CorVel Corp. has partnered with San Francisco-based digital health company PeerWell Inc. to offer remote care treatment for injured workers, the companies announced in a statement Wednesday.
Posted: Jun 24, 2020
Bayer AG agreed to settle U.S. lawsuits claiming that its widely used weedkiller Roundup caused cancer for as much as $10.9 billion after more than a year of talks, resolving litigation that has hit the company's share price.
Posted: Jun 24, 2020
The frequency of vehicle accidents in workers compensation continues to increase, a trend a report released Wednesday by the National Council on Compensation Insurance connected to the overall rise in smartphone use.
Posted: Jun 24, 2020
An action group representing almost 400 British businesses shut by the coronavirus pandemic has made a bid to team up with Britain's markets watchdog to bolster a High Court case to decide which insurers should pay out.
Posted: Jun 24, 2020
Creating a workplace where employees feel psychologically safe to voice their concerns is the best way to create a high-performing and safe work environment, according a speaker at the American Society of Safety Professionals’ virtual conference.
Posted: Jun 24, 2020
A Renton, Washington delivery driver who used his wife’s name to pull off one of the state’s largest workers compensation fraud cases has been ordered to pay back nearly $340,000, the Washington State Department of Labor & Industries reported Tuesday...
Posted: Jun 24, 2020
As workplaces begin opening up after months of shutdowns, 71% of U.S. employers say they have developed workplace and employee safety policies for workers’ return, yet only 32% are prepared for a second wave of mass infections, according to survey re...
Posted: Jun 24, 2020
Longtime captive insurance executive Belinda Fortman has been named director of the captive insurance section, effective June 29, the Tennessee Department of Commerce and Insurance announced Tuesday.
Posted: Jun 24, 2020
Arthur J. Gallagher & Co. has acquired Meridian, Idaho-based Cunnington & Associates Inc., Gallagher said in a statement Wednesday.
Posted: Jun 24, 2020
Heavy rains over the past three weeks has swamped 24 provinces and municipalities in southern and central China and caused nearly 21 billion Chinese yuan ($3 billion) worth of damage so far.
Posted: Jun 24, 2020
An earthquake of magnitude 7.4 hit southern Mexico on June 23 and caused widespread damage.
Posted: Jun 24, 2020
German meat producer Tonnies Holding GmbH & Co. KG's factory in Gutersloz has been shut down indefinitely after 1,331 people out of a staff of 2,000 tested positive of coronavirus.
Posted: Jun 24, 2020
German meat producer Tonnies Holding GmbH & Co. KG's factory in Gutersloz has been shut down indefinitely after 1,331 people out of a staff of 2,000 tested positive of coronavirus.
Posted: Jun 24, 2020
Insurance officials in India said that airlines are seeking reductions, waivers and deferrals of premium payments amid air travel curbs due to the COVID-19 pandemic.
Posted: Jun 24, 2020
With face coverings as common as nametags and uniforms among workers in essential businesses during the coronavirus pandemic, experts are raising concerns over whether such protective measures are risk-free.
Posted: Jun 24, 2020