Business Insurance
The family of a ranch worker crushed to death by a bull is not precluded from seeking wrongful death and survival claims from the ranch, the Texas Supreme Court held Friday.
Posted: Jun 15, 2020
The family of an “overworked” truck driver who was killed after his 18-wheeler veered off the road in Texas cannot sue his employer because the family could not prove the company knew the accident could occur, the Supreme Court of Texas ruled Friday.
Posted: Jun 15, 2020
The latest Disney villain? The property assessor in Orlando, Florida, according to the Walt Disney World Resort.
Posted: Jun 15, 2020
A New York state judge dismissed a substantial portion of Sara Tirschwell's sexual harassment lawsuit against her former employer, asset manager TCW Group Inc.
Posted: Jun 15, 2020
The U.S. Supreme Court on Monday delivered a watershed victory for LGBT rights, ruling that a landmark federal law forbidding workplace discrimination protects gay and transgender employees.
Posted: Jun 15, 2020
A small business group has launched a £40 million ($50.06 million) insurance claim against insurer Hiscox over disputed cover for business disruption caused by the coronavirus pandemic, it said on Monday.
Posted: Jun 15, 2020
German insurers have proposed a more than €10 billion ($11.2 billion) public-private fund to help companies deal with business interruptions from future pandemics.
Posted: Jun 15, 2020
Bermuda-based Aspen Insurance Holdings Ltd. is reviewing its corporate policy on climate change as Indian conglomerate Adani Group's Carmichael project’s losses have grown to nearly $800 million due to effects from the coronavirus pandemic.
Posted: Jun 15, 2020
Corneille Karekezi, chief executive of Nigeria-based African Reinsurance Corp., expects the COVID-19 pandemic to negatively affect the reinsurer's business until next year.
Posted: Jun 15, 2020
Insurance executives predicted that Bermuda is likely to be the domicile of a new wave of reinsurers and insurers that emerge from the COVID-19 pandemic.
Posted: Jun 15, 2020
India's general insurance industry saw a 9% premium writings drop to 111 billion Indian rupees ($1.4 billion) compared to the same period last year.
Posted: Jun 15, 2020
The Financial Sector Conduct Authority of South Africa is investigating insurance policies after customers complained that claims related to the coronavirus pandemic were unfairly rejected.
Posted: Jun 15, 2020
Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah, president of Kuwait's Directorate-General for Civil Aviation, said that the COVID-19 pandemic has resulted in $1.6 billion in losses for Kuwait’s aviation sector.
Posted: Jun 15, 2020
The Indonesian General Insurance Association said that gross written premiums remained almost flat year-over-year at nearly 20 trillion Indonesian rupiah ($1.4 billion) in the first quarter.
Posted: Jun 15, 2020
Addressing the opioid crisis requires advocacy and sustained, evolving action. See how Liberty Mutual Insurance is cutting opioid use among injured workers by 40%.
Posted: Jun 15, 2020
Global claims manager McLarens said Friday it has acquired London-based Lloyd Warwick International Ltd., a specialist energy loss adjuster jointly owned by its employees and Crawford & Co.
Posted: Jun 12, 2020
A federal district court Thursday affirmed an earlier order stating a Hiscox PLC unit must pay legal costs under a directors and officers liability policy it issued to a bankrupt pharmaceutical distributor accused of unlawful distribution of opioids.
Posted: Jun 12, 2020
R-T Specialty LLC on Thursday sought the dismissal of a Kansas City, Missouri, barbecue chain’s lawsuit accusing the wholesale brokerage, along with a retail broker, of not securing insurance that covers revenue lost during the coronavirus pandemic.
Posted: Jun 12, 2020
A circuit court denied on Thursday a petition filed by labor unions that would have forced the U.S. Occupational Safety and Health Administration to issue an emergency safety rule to address COVID-19.
Posted: Jun 12, 2020
A lawyer who claimed a sleazy, toupee-wearing criminal depicted in the film “The Wolf of Wall Street” is based on his working at the real-life disgraced brokerage firm Stratton Oakmont can’t sue because the filmmakers invented the character, the 2nd...
Posted: Jun 12, 2020
The family of a man who was crushed to death while changing the tire on a forklift can’t sue the company that owned the vehicle because there is no proof the company contributed to the accident, an appeals court in California ruled Wednesday.
Posted: Jun 12, 2020
Japan's Honda Motor Co has resumed production at automobile and motorcycle plants in the United States and other countries after they were hit by a suspected cyberattack this week, a spokesman said on Friday.
Posted: Jun 12, 2020
U.S. property/casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover.
Posted: Jun 12, 2020
Surging commercial insurance rates and prices have been much in the news this week, as reports from A.M. Best, Willis Towers Watson and Wells Fargo tracked the hardening market across most lines.
Posted: Jun 12, 2020
Beazley PLC said Thursday it has introduced an occurrence media liability policy for small- to medium-sized media outlets and publishers in the United States.
Posted: Jun 12, 2020