Business Insurance
A Colorado bill that would have made it easier for essential workers to receive workers compensation for contracting coronavirus has stalled in committee.
Posted: Jun 11, 2020
Employers Holdings Inc.’s president and CEO Douglas Dirks announced he intends to step down from the company in 2021, the workers compensation insurer announced in a statement Tuesday.
Posted: Jun 11, 2020
Commercial insurance activity slowed drastically during the COVID-19 lockdown, according to a report released Thursday by insurance exchange Ivans Insurance Services.
Posted: Jun 11, 2020
Specialty and surplus lines insurer StarStone U.S. Holdings Inc. announced new executive management and a $630 million capital injection on Thursday.
Posted: Jun 11, 2020
Big Gulp, jumbo beef frank, and the assurance that one’s spouse and children will not go without in the event of one’s untimely death. 7-Eleven stores in Japan will soon begin offering life insurance out of “multifunction” vending machines, according...
Posted: Jun 11, 2020
The National Safety Council is calling on the Occupational Safety and Health Administration to “immediately” create an emergency standard for workers facing COVID-19 exposure, the Itasca, Illinois-based organization said in a statement Thursday.
Posted: Jun 11, 2020
Twenty-six drug manufacturers were sued Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices.
Posted: Jun 11, 2020
New York state filed civil charges on Wednesday accusing Endo International PLC of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, adding fuel to the nation's opioid crisis.
Posted: Jun 11, 2020
Drivers working for ride-hailing services such as Uber Technologies Inc. and Lyft Inc. will be considered employees under California's new gig worker law, the state's leading industry regulator said on Thursday.
Posted: Jun 11, 2020
A report by Fitch Ratings Inc. predicts that Japanese nonlife insurers' premium growth will shrink in the year ending March 2021 due to the coronavirus pandemic.
Posted: Jun 11, 2020
Insurance Claims Africa plans to sue insurers in South Africa for declining COVID-19 pandemic-related business interruption claims of hospitality and travel sector.
Posted: Jun 11, 2020
Poland-based coal mining firm Jastrzebska Spolka Weglowa SA has suspended production at two of its mines following an increase in coronavirus cases among its workers.
Posted: Jun 11, 2020
Egypt's Financial Regulatory Authority said it would cease issuing new licenses for insurance and reinsurance brokers for 12 months.
Posted: Jun 11, 2020
U.S.-based McKinsey & Co. Inc. expects the COVID-19 pandemic to cost Africa $4.8 billion in lost agricultural exports.
Posted: Jun 11, 2020
U.S.-based insurance broker Arthur J. Gallagher & Co. has acquired Australia-based CA Insurance Brokers for an undisclosed amount.
Posted: Jun 11, 2020
Manohar Lal Khattar, chief minister of the Indian state of Haryana, said that the COVID-19 pandemic had cost the state up to 120 billion Indian rupees ($1.6 billion) in lost revenue in the last two months.
Posted: Jun 11, 2020
A Chubb Ltd. unit is not obligated to defend a building operator sued in connection with spraying pesticides because of its coverage’s pollution exclusion, said a federal appeals court Wednesday, in upholding a lower court ruling.
Posted: Jun 10, 2020
Proposals to require police officers to carry professional liability insurance were revived in Minneapolis this week, four years after a similar measure was kept off the ballot.
Posted: Jun 10, 2020
An electrical contractor must pay $25,000 in fines after a worker was electrocuted while attempting to restore power lines after a thunderstorm.
Posted: Jun 10, 2020
An “intolerable odor of human feces mixed with industrial waste” has led some residents to limit their time outside and has hindered efforts to bring economic development to West Valley City, Utah, which filed a lawsuit against a waste-processing sit...
Posted: Jun 10, 2020
Physical training for “Olympic-type competitions in track and flag football” could have triggered a corrections officer’s heart condition and not stress due to work, an appeals court in Florida ruled Monday.
Posted: Jun 10, 2020
Directors and officers liability insurance rates will likely more than double in the wake of the COVID-19 pandemic as insurers respond to increased shareholder litigation over the past three years and future litigation over coronavirus-related exposu...
Posted: Jun 10, 2020
U.S. authorities on Tuesday said they have charged the head of California medical technology firm Arrayit Corp. and an investor in the company, alleging that they had roles in schemes related to COVID-19 claims.
Posted: Jun 10, 2020
AF Group has named Kelly Fusner chief underwriting officer, the Lansing, Michigan-based insurer announced in a statement Wednesday.
Posted: Jun 10, 2020
Four Republican U.S. senators on Tuesday urged the Federal Communications Commission to review whether to revise liability protections for internet companies after President Donald Trump urged action.
Posted: Jun 10, 2020