Business Insurance
A circuit court denied on Thursday a petition filed by labor unions that would have forced the U.S. Occupational Safety and Health Administration to issue an emergency safety rule to address COVID-19.
Posted: Jun 12, 2020
A lawyer who claimed a sleazy, toupee-wearing criminal depicted in the film “The Wolf of Wall Street” is based on his working at the real-life disgraced brokerage firm Stratton Oakmont can’t sue because the filmmakers invented the character, the 2nd...
Posted: Jun 12, 2020
The family of a man who was crushed to death while changing the tire on a forklift can’t sue the company that owned the vehicle because there is no proof the company contributed to the accident, an appeals court in California ruled Wednesday.
Posted: Jun 12, 2020
Japan's Honda Motor Co has resumed production at automobile and motorcycle plants in the United States and other countries after they were hit by a suspected cyberattack this week, a spokesman said on Friday.
Posted: Jun 12, 2020
U.S. property/casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover.
Posted: Jun 12, 2020
Surging commercial insurance rates and prices have been much in the news this week, as reports from A.M. Best, Willis Towers Watson and Wells Fargo tracked the hardening market across most lines.
Posted: Jun 12, 2020
Beazley PLC said Thursday it has introduced an occurrence media liability policy for small- to medium-sized media outlets and publishers in the United States.
Posted: Jun 12, 2020
Andrej Plenkovic, Croatia's prime minister, said that the 5.3-magnitude earthquake that struck the capital city of Zagreb on March 22 has caused 86 billion Croatian kuna ($13 billion) worth of damage.
Posted: Jun 12, 2020
Data from the South Korean ministry of trade, industry and energy showed that the value of auto exports fell more than 54% year-over-year to $1.8 billion in May due to falling demand amid the coronavirus pandemic.
Posted: Jun 12, 2020
U.K.-based Deloitte Touche Tohmatsu Ltd. expects Premier League clubs across Europe to lose £1 billion ($1.3 billion) revenue due to the coronavirus pandemic.
Posted: Jun 12, 2020
Four global insurers have agreed to underwrite Indian conglomerate Adani Group's Carmichael coal mine and rail project in the Australian state of Queensland despite local financial institutions shunning the project due to concerns about climate chang...
Posted: Jun 12, 2020
A massive fire broke out at a leaking natural gas oil well in the Indian district of Tinsukia on June 8.
Posted: Jun 12, 2020
China's ministry of emergency management said that heavy rains and floods have caused 4 billion Chinese yuan ($566 million) worth of damage in south China.
Posted: Jun 12, 2020
A report by U.S.-based A.M. Best Co. Inc. said that Vietnam's nonlife insurance sector reported gross written premiums of more than 52 trillion Vietnamese dong ($2.2 billion) last year.
Posted: Jun 12, 2020
Data from Morocco's Insurance and Social Insurance Supervisory Authority showed that insurance and reinsurance premiums fell more than 12% year-over-year to nearly 3.5 billion Moroccan dirham ($360 million) in April.
Posted: Jun 12, 2020
The Geophysical Institute of Ecuador said that Sangay volcano spewed ash on June 9 blanketing towns across two provinces.
Posted: Jun 12, 2020
In a case that cites George Floyd’s death, a federal appeals court has reinstated charges against five West Virginia police officers who placed a black homeless man in a chokehold, then shot him 22 times while he allegedly laid prone on the ground.
Posted: Jun 11, 2020
Posted: Jun 11, 2020
Artex Risk Solutions Inc., a unit of Arthur J. Gallagher & Co., on Thursday said it has launched a rent-a-captive program for the transportation industry.
Posted: Jun 11, 2020
The Hanover Insurance Group Inc. said Thursday it has introduced an integrated and broad errors and omissions, cyber and risk management product for technology businesses.
Posted: Jun 11, 2020
The Federal Trade Commission said Wednesday that Kohl’s Department Stores Inc. has agreed to pay $220,000 to settle allegations it violated the Fair Credit Reporting Act by refusing to provide complete records of transactions to consumers whose perso...
Posted: Jun 11, 2020
Underwriting coverage for the cannabis industry has evolved substantially in just a few years, according to players on the property/casualty side speaking Wednesday on a webinar.
Posted: Jun 11, 2020
Due to the coronavirus pandemic, we could not hold awards events to recognize the Business Insurance 2020 Break Out Award winners, so we produced a video to spotlight some of the up-and-coming insurance leaders.
Posted: Jun 11, 2020
The Jet Propulsion Laboratory has agreed to pay $10 million to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency said Wednesday.
Posted: Jun 11, 2020
The Americans with Disabilities Act does not require employers to accommodate workers who want to avoid exposing family members who are at higher risk of severe illness from COVID-19, the U.S. Equal Employment Opportunity Commission says in the lates...
Posted: Jun 11, 2020