Business Insurance
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
The Texas Supreme Court dismissed an air ambulance company’s argument that the state had no authority to regulate its fees because its power was preempted by the federal law.
Posted: Jun 29, 2020
Brit Global Specialty USA, a unit of Brit Ltd., will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting effective July 2.
Posted: Jun 29, 2020
Las Vegas Culinary Workers Union Local 226 on Monday announced it is suing several employers on the Las Vegas strip over unsafe working conditions during the coronavirus pandemic.
Posted: Jun 29, 2020
AssuredPartners Inc. said Monday it has acquired WTPhelan & Co. Insurance Agency Inc. of Cambridge, Massachusetts — the 20th acquisition of 2020 for the Lake Mary, Florida-based broker.
Posted: Jun 29, 2020
BB&T Insurance Holdings Inc., a subsidiary of Truist Bank, said Monday that it is now doing business as Truist Insurance Holdings Inc.
Posted: Jun 29, 2020
The California Senate has passed legislation to require critical workers who contract COVID-19 to exhaust pandemic-specific paid sick leave benefits or compensated leaves of absence before receiving temporary disability benefits.
Posted: Jun 29, 2020
Pilots and test crew members from the U.S. Federal Aviation Administration and Boeing Co. are slated to begin a three-day certification test campaign for the 737 MAX on Monday, people familiar with the matter told Reuters.
Posted: Jun 29, 2020
It’s no mystery that traditional Sherlock Holmes was a meanie. That’s according to the late British author Arthur Conan Doyle’s estate, which is now suing Netflix and other producers over the upcoming film “Enola Holmes,” which depicts the famous Lon...
Posted: Jun 29, 2020