Business Insurance
The Association of Kenya Professional Insurance Agents has partnered with digital insurance broker mTek Services to promote the uptake of insurance during the COVID-19 pandemic.
Posted: Jun 09, 2020
Two Moroccan insurers – Atlanta-Compagnie D'Assurances et de Reassurances and Compagnie d'Assurances Sanad – have agreed to merge.
Posted: Jun 09, 2020
Data from the Swiss National Cyber Security Center showed that the number of cyber attacks surpassed 350 per week in April, compared with the usual of 100-150 a week.
Posted: Jun 09, 2020
The Environment Court of New Zealand has said that a toxic chemical stockpile in the town of Ruakaka, poses significant risks to the environment, through groundwater contamination or "catastrophic explosion or fire."
Posted: Jun 09, 2020
Kenya Reinsurance Corp. Ltd. expects to revenue to decline by 1 billion Kenyan shillings ($9.3 million) due to increased claims and rebates on premiums as businesses seek to negotiate their contracts with underwriters and reinsurers amid the COVID-19...
Posted: Jun 09, 2020
India-based Universal Sompo General Insurance Co. Ltd. has appointed Sharad Mathur as managing director and chief executive.
Posted: Jun 09, 2020
Ironshore Environmental is offering a COVID-19 environmental legal liability policy endorsement for certain contractor classes that has up to $5 million in limits, the Liberty Mutual Insurance Group Co. unit said Monday.
Posted: Jun 08, 2020
A billboard company showed that it provided its workers with proper training and fall protection, an administrative law judge for the Occupational Safety and Health Review Commission held in a final decision released Friday.
Posted: Jun 08, 2020
The Iowa Supreme Court overturned a lower court ruling Friday and said an Axa XL unit may have to defend and indemnify an amusement park employee who was allegedly responsible for a fellow worker’s death.
Posted: Jun 08, 2020
Tech-driven insurance startup Lemonade Inc. filed for its U.S. initial public offering on Monday, looking to take advantage of a recent recovery in the market after the coronavirus crisis slammed the brakes on new listings.
Posted: Jun 08, 2020
Aggregate commercial insurance pricing changes topped 6% for the first quarter, compared with the year-earlier period, according to Willis Towers Watson PLC’s Commercial Lines Insurance Pricing Survey, released Monday.
Posted: Jun 08, 2020
The U.S. Securities and Exchange Commission on Friday announced a record-breaking nearly $50 million whistleblower award to an individual who provided detailed information of a company’s misconduct that resulted in a successful enforcement action.
Posted: Jun 08, 2020
A worker severely burned in a workplace accident filed his claims for medical expenses in a timely manner, an appellate court held Friday.
Posted: Jun 08, 2020
Arthur J. Gallagher & Co. has acquired CRES Insurance Services LLC, which specializes in providing errors and omissions coverage to real estate firms and agents, the brokerage announced on Monday.
Posted: Jun 08, 2020
A Wyoming oil rig worker failed to prove his cancer was caused by exposure to toxic chemicals at work, the state Supreme Court ruled on Friday.
Posted: Jun 08, 2020
Will society ever be able to wipe itself of the toilet paper wars? Probably not. A San Francisco woman is now suing the parent company of her local Safeway supermarket over price gouging of toilet paper, according to several media outlets.
Posted: Jun 08, 2020
U.K.-based insurer Hiscox PLC could face a £52-million ($66 million) lawsuit for unpaid business interruption claims related to the COVID-19 pandemic.
Posted: Jun 08, 2020
Mexico's aviation industry could lose up to $6.4 billion due to the coronavirus pandemic.
Posted: Jun 08, 2020
Travel restrictions imposed as a result of the COVID-19 pandemic could cost Malaysia's palm oil industry around $2.8 billion or 25% of annual production due to shortage of workers.
Posted: Jun 08, 2020
The Dubai International Financial Centre said that reinsurance premiums grew 17.4% to nearly $2 billion last year, representing the highest volume of premiums ever written in the United Arab Emirates.
Posted: Jun 08, 2020
A group of more than 50 art organizations are preparing to file a class action lawsuit against insurers in the United Kingdom for failing to pay COVID-19 pandemic-related claims.
Posted: Jun 08, 2020
Japan-based Honda Motor Co. Ltd. has recalled around 1.4 million vehicles globally because of a defective fuel pump.
Posted: Jun 08, 2020
Brazilian mining firm Vale SA has been ordered to shut its Itabira mine complex in the state of Minas Gerais after 188 workers tested positive of coronavirus.
Posted: Jun 08, 2020
Data from Bulgaria's Financial Supervision Commission showed that nonlife insurers' gross written premiums increased more than 4% year-over-year to 631.3 million Bulgarian levs ($365 million) in the first quarter of this year.
Posted: Jun 08, 2020
Losses in the property/casualty insurance industry could top $100 billion from the COVID-19 pandemic, with workers compensation driving the losses more than other lines, according to a risk analysis of the insurance industry that Wells Fargo & Co. re...
Posted: Jun 05, 2020