Business Insurance
Soap opera productions seeking to ramp up filming and keep things steamy in a time of COVID-19 social distancing protocols are using sex dolls as props for love-making scenes, according to numerous news outlets.
Posted: Jun 19, 2020
Several stories not directly related to the coronavirus pandemic broke into this week’s Top 10, including Lloyd’s of London’s reckoning with its past involvement in the Atlantic slave trade and the U.S. Supreme Court’s decision protecting LGBT worker...
Posted: Jun 19, 2020
The Central Bank of Ireland has fined Rory O'Connor, former chief financial officer of RSA Ireland Insurance DAC, €70,000 ($78,595) and disqualified him from working in a financial services company for more than eight years.
Posted: Jun 19, 2020
Hackers responsible for cyber attacks on Australian food and beverage maker Lion Pty. Ltd. have threatened to auction or publish confidential company data online if they are not paid a ransom of $800,000.
Posted: Jun 19, 2020
Hong Kong-based China Taiping Insurance Holdings Co. Ltd. is considering selling a 25% stake in its subsidiary Taiping Reinsurance Co. Ltd. for more than $3 billion Hong Kong ($387 million).
Posted: Jun 19, 2020
The New Zealand Earthquake Commission has renewed its reinsurance worth $6.2 billion.
Posted: Jun 19, 2020
A report said that Air New Zealand Ltd. expects to report pre-tax loss of $120 million New Zealand ($77 million) during the financial year ending June 30 due to the COVID-19 pandemic.
Posted: Jun 19, 2020
Turkey-based reinsurer Milli Reasurans TAS' premiums increased nearly 26% year-over-year to around 1.7 billion Turkish lira ($248 million) in 2019.
Posted: Jun 19, 2020
AmTrust Financial Services Inc. and its former chief financial officer have agreed to pay $10.5 million to settle Securities and Exchange Commission charges the insurer failed to disclose details of loss reserve estimates.
Posted: Jun 18, 2020
Litigation filed by a Markel Corp. unit against a claims adjuster, whose alleged negligence cost it more than $250,000 in legal fees plus having to pay $1 million over its policy limit, is time barred, says a federal appeals court Thursday, in affirm...
Posted: Jun 18, 2020
The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).
Posted: Jun 18, 2020
A Tokio Marine Holdings Inc. unit is not obligated to advance defense funds nor indemnify a telecommunications company in wage and hour litigation because these are not covered under its directors and officers liability insurance policy, a federal ap...
Posted: Jun 18, 2020
An automotive supervisor’s irritable bowel disorder is covered by workers compensation because it stemmed from his workplace puncture wound, an appellate court held Tuesday.
Posted: Jun 18, 2020
Certain classes of employees in Michigan who believe they have contracted coronavirus on the job may be entitled to workers compensation under an executive order signed Wednesday by Gov. Gretchen Whitmer.
Posted: Jun 18, 2020
The injury suffered by an insurance claims associate who slipped and fell on a wet floor during her lunch break is compensable under Georgia workers compensation law because having lunch was “incidental to employment,” the state’s highest court ruled...
Posted: Jun 18, 2020
When shooing Buffalo, New York-based Kaitlyn Pan Group LLC off the Amazon selling platform over the discount company’s imitations of luxury shoes by Italian brand Valentino didn’t work to curb the sale of knockoffs, the online retailer and the Italia...
Posted: Jun 18, 2020
A lawyer representing a former Morgan Stanley diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client's budget for promoting diversity and financial education by 71% from the time she started in we...
Posted: Jun 18, 2020
Posted: Jun 18, 2020
California on Wednesday announced the first regulation requiring insurance companies to reduce premiums paid by employers for U.S. workers compensation insurance, citing lower risk factors as millions of employees work from home.
Posted: Jun 18, 2020
China-based Jiufu Shuke Technology Group Co. Ltd. has filed a 2.3 billion Chinese yuan ($325 million) lawsuit against insurer PICC Property and Casualty Co. Ltd. for non-payment of outstanding service fees.
Posted: Jun 18, 2020
The Bank of England said that insurers in the United Kingdom should use results from emergency stress tests conducted in April to check if they can pay COVID-19 pandemic-related business interruption claims
Posted: Jun 18, 2020
A survey by U.K.-based FWD Research found that nearly two thirds of insurance brokers believe that the insurance industry did not ensure consumers and businesses have adequate cover against the COVID-19 pandemic.
Posted: Jun 18, 2020
Turkey-based reinsurer Milli Reasurans TAS expects demand for liability insurance to rise.
Posted: Jun 18, 2020
The Swiss government expects the COVID-19 pandemic to cost the country more than $100 billion in lost output.
Posted: Jun 18, 2020
Heavy rains and floods in parts of southern Ivory Coast have damaged buildings, blocked roads, disrupted transport and caused landslides.
Posted: Jun 18, 2020