Business Insurance
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
U.K.-based insurance broker The Ardonagh Group Ltd. has refinanced its debt to acquire Irish broker Arachas Corporate Brokers Ltd.
Posted: Jun 24, 2020
U.K.-based specialist insurer Beazley PLC has launched virtual events transmission insurance policy to protect event organizers against transmission failure that disrupts or cancels a live virtual event.
Posted: Jun 24, 2020
Ryan Specialty Group LLC and All Risks Ltd. have agreed to merge, the companies said Tuesday.
Posted: Jun 23, 2020
Catastrophe insurer and reinsurer Palomar Holdings Inc. launched an excess and surplus lines unit on Tuesday.
Posted: Jun 23, 2020
A U.S. District Court’s dismissal of a copyright infringement case against a Walt Disney Co. unit in connection with the Oscar-winning film “The Shape of Water,” is premature, says a federal appeals court, in reinstating the case.
Posted: Jun 23, 2020
It’s still complicated, so says a panel of medical, workplace safety and legal professionals regarding the relationship between medical marijuana, recreational marijuana, safe workplaces, drug testing, and state and federal laws.
Posted: Jun 23, 2020
A Chubb Ltd. unit is not obligated to defend Walmart Inc. in a case in which the retailer was sued for trademark infringement in connection with a policyholder’s retail displays.
Posted: Jun 23, 2020