Business Insurance
A federal appeals court on Thursday rejected a jury’s $2.2 million compensatory damages award to a former Port Authority of New York and New Jersey employee in a discrimination case and gave him the choice of either a new trial or accepting a $250,00...
Posted: Jun 04, 2020
Kansas lawmakers introduced three bills Wednesday that would extend coverage to workers who acquire coronavirus on the job.
Posted: Jun 04, 2020
Lawmakers in Kansas on Wednesday introduced a comprehensive bill that would legalize the use of marijuana for medicinal purposes and create a medical cannabis advisory board, among a long list of sweeping changes.
Posted: Jun 04, 2020
Sompo International Holdings Ltd. said Wednesday it is launching a new U.S. insurance environmental unit.
Posted: Jun 04, 2020
A Delaware judge, ruling for two different state courts, is permitting some charges filed by the previous owners of a Virginia brokerage acquired by AssuredPartners Inc. to continue, while dismissing others, in mixed rulings.
Posted: Jun 02, 2020
Fifty-eight percent of employers are planning to conduct employee temperature or health screenings as part of reopening business plans, according a survey of 1,010 executives released Tuesday by the San Francisco-based employment law firm Littler Men...
Posted: Jun 02, 2020
A serious citation issued by the U.S. Occupational Safety and Health Administration to a construction company that failed to ensure “appropriate” personal protective equipment was worn by an electrician who was seriously burned while connecting wires...
Posted: Jun 02, 2020
Woodbury, New York-based SterlingRisk Insurance Co. said Monday its SterlingRisk Programs division is partnering with a cybersecurity technology and services provider to introduce a program that assesses business’ cyber exposure.
Posted: Jun 02, 2020
Allianz Global Corporate & Specialty SE has named former Willis Towers Watson PLC executive Thomas Kang head of cyber in North America, effective June 15.
Posted: Jun 02, 2020
JPMorgan Chase & Co. and Barclays PLC will pay $20.7 million to resolve investors' claims they conspired to rig the Mexican government bond market, the first of nine banks in the proposed class-action litigation to settle.
Posted: Jun 02, 2020
The ranks of the highest-paid executives at the largest U.S.-based or listed commercial property/casualty insurers changed slightly from last year, as CNA Financial Corp. edged Berkshire Hathaway Inc. in commercial lines premium in 2019, according to...
Posted: Jun 02, 2020
A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a “staggering” additional liability arising from the German automaker's diesel emissions scan...
Posted: Jun 02, 2020
Ryanair Holdings PLC and Chief Executive Michael O'Leary failed to persuade a U.S. judge to dismiss a securities fraud lawsuit accusing Europe's largest budget airline of defrauding shareholders by downplaying its willingness to recognize labor union...
Posted: Jun 02, 2020
Reinsurance rates increased significantly during June 1 renewals as underwriters reacted to cumulative catastrophe losses, financial market disruption and expected coronavirus-related losses.
Posted: Jun 02, 2020
Employers are expected to face significant litigation over wage and hour issues because of the complex issues — and equally complex federal, state and local regulations — they must deal with — as they bring employees back to the workplace or firm up...
Posted: Jun 02, 2020
Hong Kong’s industrywide gross written premiums increased nearly 11% year-over-year to $165 billion Hong Kong ($21 billion) in the first quarter of the year from the same period in 2019.
Posted: Jun 02, 2020
The Federal Court of Australia's ruling against a ban on live cattle exports to Indonesia potentially opening the door for the country to pay out hundreds of millions of dollars in compensation.
Posted: Jun 02, 2020
Nayib Bukele, president of El Salvador, said that storm Amanda has caused $200 million worth of damage and killed at least 14 people, BBC reports. The storm hit the country May 31.
Posted: Jun 02, 2020
The total net loss of firms listed in Japan totaled nearly 1.5 trillion Japanese yen ($14 billion) in the fiscal quarter ended March 31 due to the COVID-19 pandemic.
Posted: Jun 02, 2020
A hailstorm hit north Portugal on May 31, causing more than €20 million ($22 million) worth of damage to fruit crops.
Posted: Jun 02, 2020
A huge fire has razed U.K.-based potato chip manufacturer Corkers Crisps Ltd.'s factory in Pymoor village.
Posted: Jun 02, 2020
South Africa-based telecommunications firm Telkom SA SOC Ltd. suffered a ransomware attack, which led to outages across of its several systems.
Posted: Jun 02, 2020
A federal appeals court has reinstated putative class action litigation filed by cancer treatment providers against a biopharmaceutical company that charged the firm with mislabeling a breast cancer drug.
Posted: Jun 01, 2020
The deadline to submit an entry for the Business Insurance Innovation Awards is June 16.
Posted: Jun 01, 2020
A judge with U.S. District Court for the District of Maryland had this to say to two University of Maryland basketball players who sued the makers of the popular Fortnite video game over claims the company stole their “Running Man” dance: You can’t t...
Posted: Jun 01, 2020