Business Insurance
A French restaurant owner who won a court battle with Axa over lockdown-linked losses said on Tuesday he had reached a further settlement with the insurer, potentially setting the tone for payouts to other businesses facing similar insurance problems...
Posted: Jun 23, 2020
More than 20 minor league baseball teams filed suit against their insurers in federal district court Tuesday for their failure to pay their COVID-19-related business interruption claims.
Posted: Jun 23, 2020
Age may be a closely guarded secret among Hollywood celebrities, but they can’t prevent movie websites from revealing it to the masses, according to a court ruling Friday.
Posted: Jun 23, 2020
Overexertion, falls and struck-by hazards are among the costliest workplace injuries, according to Liberty Mutual Holding Co. Inc.’s 2020 workplace safety index released Tuesday.
Posted: Jun 23, 2020
The American Property Casualty Insurance Association said Tuesday that its fall annual meeting, originally slated for Orlando, Florida, will be held virtually Oct. 12-13.
Posted: Jun 23, 2020
Dan Schoenberg, formerly a senior transaction liability and tax insurance executive at Aon PLC, has joined Alliant Insurance Services Inc. as co-leader of its mergers and acquisitions practice, the broker said Tuesday.
Posted: Jun 23, 2020
A Missouri appeals court on Tuesday rejected Johnson & Johnson's bid to throw out a jury verdict in favor of women who blamed their ovarian cancer on its baby powder and other talc products, but reduced its damages award to $2.12 billion from $4.69 b...
Posted: Jun 23, 2020
A U.S. federal appeals court on Monday blocked California from requiring that Bayer AG label its glyphosate-based weedkiller Roundup with a cancer warning, handing the company a victory in its ongoing litigation over the product.
Posted: Jun 23, 2020
The IRS sued the Delaware Department of Insurance on Friday seeking access to information on microcaptives managed by the captive management unit of Arthur J. Gallagher & Co.
Posted: Jun 23, 2020
(Reuters) — European Union countries and lawmakers struck a deal late on Monday to pave the way for Europeans to team up and sue companies for defective products but with built-in safeguards to guard against the excesses of U.S. class action lawsuits...
Posted: Jun 23, 2020
(Reuters) — Britain will "tailor" capital rules for insurers inherited from the European Union as it takes back control of its crucial financial services sector, finance minister Rishi Sunak said on Tuesday.
Posted: Jun 23, 2020
The U.S. Supreme Court’s somewhat surprising ruling barring workplace discrimination based on sexual orientation or gender identity finally gives the country a uniform federal law, but employers should brace themselves for additional claims in areas...
Posted: Jun 23, 2020
Excess and surplus lines wholesaler Worldwide Facilities LLC on Tuesday named former Atlas General Holdings LLC chief financial officer Brad Perilman to lead its global mergers and acquisitions business.
Posted: Jun 23, 2020
The China Banking and Insurance Regulatory Commission has approved Hong Kong-based insurer AIA Group Ltd.'s proposal to convert its Shanghai branch into a wholly-owned subsidiary.
Posted: Jun 23, 2020
The English Premier League does not plan to take out pandemic insurance for future seasons despite the havoc created by the COVID-19 pandemic.
Posted: Jun 23, 2020
Data from the Australian Competition and Consumer Commission showed that local businesses lost $132 million Australia ($91 million) to email scams last year.
Posted: Jun 23, 2020
Declan O'Rourke, general manager of American International Group Inc.'s Irish business, has resigned to join Aviva Group Ireland PLC as chief executive of general insurance.
Posted: Jun 23, 2020
U.K.-based Steamship Mutual Underwriting Association Ltd., the insurer of cargo ship APL England, which lost around 50 containers in rough seas off the coast of Sydney on May 24, has agreed to pay fines and other costs totaling $22.5 million Australi...
Posted: Jun 23, 2020
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