Business Insurance
Evertas Inc. has been granted a license to operate from Bermuda, the Chicago-based cryptoasset insurer announced Wednesday.
Posted: Jun 10, 2020
Credit rating agency A.M. Best & Co. has reached a licensing agreement with Certificial LLC, an insurance verification platform, Certificial said in a statement Wednesday.
Posted: Jun 10, 2020
The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits.
Posted: Jun 10, 2020
Catastrophe modeling firm Karen Clark & Co. (KCC) said on Wednesday it expects insured losses of close to $150 million from tropical storm Cristobal.
Posted: Jun 10, 2020
Sanitizing workplaces is considered a top safety protocol as more businesses open amid the COVID-19 pandemic, but the practice can have unexpected costs and risks, workplace risk experts say.
Posted: Jun 10, 2020
The International Olympic Committee is in talks with insurers about compensation following the postponement of the Tokyo Olympics due to the coronavirus pandemic.
Posted: Jun 10, 2020
South Korea-based Hyundai Motor Co. plans to suspend some assembly lines at its No. 3 and 4 plants in Ulsan on June 10-12 as the COVID-19 pandemic continues to drive down overseas demand.
Posted: Jun 10, 2020
Mike Yarwood, managing director of U.K.-based TT Club Mutual Insurance Ltd., has warned about the increased risk of illegal migrant stowaways for the European transport sector during the COVID-19 pandemic.
Posted: Jun 10, 2020
A survey by the Alliance for Insurance Reform found that Irish insurers have rejected 63% of COVID-19 pandemic-related business interruption claims.
Posted: Jun 10, 2020
While commercial property insurance policies generally provide coverage for physical damage and business interruption losses arising from civil unrest, COVID-19 losses will complicate the claims process for some businesses, legal experts say.
Posted: Jun 09, 2020
Health care workers and those working in protective services accounted for 83.3% of COVID-19 indemnity workers compensation claims filed in Florida as of May 31, according to a report issued Tuesday by the Florida Department of Financial Services, Di...
Posted: Jun 09, 2020
A federal appeals court on Tuesday reinstated the hostile work environment claim of a former tree services employee who was allegedly driven to attempt suicide by his supervisor’s harassment.
Posted: Jun 09, 2020
Health software firm Cority Software Inc. has launched an occupational medicine platform to help hospitals keep track of revenues for services provided to injured workers, the company announced in a statement Tuesday.
Posted: Jun 09, 2020
CorVel Corp. has expanded its virtual case management resources to support injured workers during the pandemic.
Posted: Jun 09, 2020
Ransomware attacks against Beazley PLC clients increased 25% between last year’s fourth quarter and this year’s first quarter overall, with the manufacturing sector reporting a 156% increase, says a report issued Tuesday.
Posted: Jun 09, 2020
New Jersey lawmakers introduced legislation to create mental health programs for workers on the frontline of caring for individuals with COVID-19.
Posted: Jun 09, 2020
As teachers across the country grappled with creating distant learning programs for students pulled away from the classroom because of the COVID-19 pandemic, actress Reese Witherspoon promised free dresses for them from her frilly Draper James clothi...
Posted: Jun 09, 2020
Chanel, Revlon and L'Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits and consumer concerns mount.
Posted: Jun 09, 2020
Economic fallout from COVID-19 is expected to result in an increase in claims filed under representations and warranties insurance policies, Aon PLC said in a report Monday.
Posted: Jun 09, 2020
Legislation signed into law in Illinois on Friday will provide worker compensation benefits for front-line and essential workers who contract COVID-19 on the job under certain conditions.
Posted: Jun 09, 2020
Digital assets such as cryptocurrency are now insurable up to $500 million through Aon UK Ltd., according to Tel Aviv, Israel-based cybersecurity company GK8.
Posted: Jun 09, 2020
The U.S. Environmental Protection Agency said on Monday that farmers can use existing supplies of an agricultural weed killer linked to crop damage, after a federal court blocked sales and use of the product last week.
Posted: Jun 09, 2020
An executive order by President Donald Trump that targeted Twitter Inc. after the microblogging site flagged some of his tweets potentially could weaken a liability shield in place for internet service platforms, but it’s unlikely to have an effect a...
Posted: Jun 09, 2020
Australian insurers and brokers could face a lawsuit for the denial of COVID-19 pandemic-related business interruption claims of thousands of small businesses, including pubs, cafes, beauticians and gyms.
Posted: Jun 09, 2020
Germany-based insurer Ergo International AG plans to acquire a nearly 25% stake in China-based Taishan Property & Casualty Insurance Co. Ltd.
Posted: Jun 09, 2020