Business Insurance
Net profit of insurers listed on the Saudi stock market fell more than 26% year-over-year to 83.2 million Saudi riyal ($22 million) in the first quarter.
Posted: Jun 23, 2020
The Icelandic Met Office said that more than 3,000 tremors have shaken the northern coast of Iceland over the past three days.
Posted: Jun 23, 2020
Some jobs have recovered from the record peak job losses in April due to coronavirus-related shutdowns, with jobs that require high physical proximity to others in nonessential services still experiencing the highest rates of unemployment, according...
Posted: Jun 22, 2020
An insurer may have to indemnify the owner of a plumbing company in a wrongful death lawsuit filed by the estate of a worker.
Posted: Jun 22, 2020
A Chubb Ltd. unit is not responsible for damages claimed by a bank in connection with litigation over a business dispute that began before the insurer issued it a professional liability insurance claims-made policy, a federal appeals court said in af...
Posted: Jun 22, 2020
An insurer that refused to defend a real estate company in connection with a fire that killed three and injured a fourth person must pay a $3 million consent decree, a federal appeals court said in affirming a lower court ruling.
Posted: Jun 22, 2020
An American International Group Inc. unit that refused to defend a real estate company in connection with a fire that killed three and injured a fourth person must pay a $3 million consent decree, a federal appeals court said in affirming a lower cou...
Posted: Jun 22, 2020
A single press release naming a company that has violated workplace health and safety regulations can result in a 73% improvement in compliance by other facilities, a Duke University researcher revealed in a study published in the June issue of Ameri...
Posted: Jun 22, 2020
A federal judge in Bay City, Michigan, this month drew the line over a woman’s lawsuit that claimed that chalking tires for parking enforcement violates constitutional rights: It doesn’t, the Saginaw and Bay City News reported.
Posted: Jun 22, 2020
Two unions representing miners on June 16 jointly filed a lawsuit to force the federal Mine Safety and Health Administration to issue an Emergency Temporary Standard protecting miners from infectious diseases in light of the closed quarters many indu...
Posted: Jun 22, 2020
AssuredPartners Inc. has acquired Rand-Tec Insurance Agency, AssuredPartners said in a statement Monday.
Posted: Jun 22, 2020
The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission's practice of forcing defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection laws in federal courts but stopped...
Posted: Jun 22, 2020
U.S.-based Google LLC's appeal against a €50 million ($56 million) fine in France for failing to provide adequate information on its data consent policies has been dismissed.
Posted: Jun 22, 2020
U.K.-based Markel International Insurance Co. Ltd. has stopped writing contingency insurance, covering event cancellation or postponement, following a strategic review.
Posted: Jun 22, 2020
Cayman Islands-based Caribbean parametric disaster insurance risk pool CCRIF SPC plans to offer discounts to its member countries for their parametric insurance policies for 2020-21 ins response to the COVID-19 pandemic.
Posted: Jun 22, 2020
An explosion at U.S.-based agribusiness Archer Daniels Midland Co.'s oilseed processing plant in Erith, London, on June 19 injured three workers and forced the evacuation of hundreds of workers.
Posted: Jun 22, 2020
South African insurers have denied business interruption claims related to the COVID-19 pandemic, and said that government lock-down orderw were the cause of the loss and not the pandemic.
Posted: Jun 22, 2020
The Geological Agency of Indonesia said that Mount Merapi volcano erupted twice on June 21 and sent clouds of ash six kilometers into the sky.
Posted: Jun 22, 2020
India's Assam Pollution Control Board has ordered Oil India Ltd. to close its Baghjan oilfield after an oil leak cause extensive damage.
Posted: Jun 22, 2020
Singapore-based cyber intelligence provider Cyfirma said that hacking groups with links to the Chinese government may target Indian firms.
Posted: Jun 22, 2020
Private equity investment firms Oak Hill Capital Partners and The Carlyle Group on Friday said they have formed a holding company that will house retail brokerage EPIC Insurance Brokers & Consultants and wholesaler and managing general agent JenCap H...
Posted: Jun 19, 2020
Claims against two police officers and the city of Euclid, Ohio, in connection with the unjustified arrest of a black man were reinstated by a federal appeals court Thursday in a ruling that hinged in part on a Chris Rock video.
Posted: Jun 19, 2020
Thierry Léger will succeed Edi Schmid as group chief underwriting officer Swiss Re Ltd., effective Sept. 1, the company said in a statement Friday.
Posted: Jun 19, 2020
A train conductor’s negligence claims against his employer were unanimously dismissed Wednesday by the 7th U.S. Circuit Court of Appeals in Chicago.
Posted: Jun 19, 2020
Lawmakers in Rhode Island on Thursday introduced a bill that would clear the red tape for benefits for workers in several industries presumed to have caught COVID-19 while on the job.
Posted: Jun 19, 2020