Business Insurance
Andrej Plenkovic, Croatia's prime minister, said that the 5.3-magnitude earthquake that struck the capital city of Zagreb on March 22 has caused 86 billion Croatian kuna ($13 billion) worth of damage.
Posted: Jun 12, 2020
Data from the South Korean ministry of trade, industry and energy showed that the value of auto exports fell more than 54% year-over-year to $1.8 billion in May due to falling demand amid the coronavirus pandemic.
Posted: Jun 12, 2020
U.K.-based Deloitte Touche Tohmatsu Ltd. expects Premier League clubs across Europe to lose £1 billion ($1.3 billion) revenue due to the coronavirus pandemic.
Posted: Jun 12, 2020
Four global insurers have agreed to underwrite Indian conglomerate Adani Group's Carmichael coal mine and rail project in the Australian state of Queensland despite local financial institutions shunning the project due to concerns about climate chang...
Posted: Jun 12, 2020
A massive fire broke out at a leaking natural gas oil well in the Indian district of Tinsukia on June 8.
Posted: Jun 12, 2020
China's ministry of emergency management said that heavy rains and floods have caused 4 billion Chinese yuan ($566 million) worth of damage in south China.
Posted: Jun 12, 2020
A report by U.S.-based A.M. Best Co. Inc. said that Vietnam's nonlife insurance sector reported gross written premiums of more than 52 trillion Vietnamese dong ($2.2 billion) last year.
Posted: Jun 12, 2020
Data from Morocco's Insurance and Social Insurance Supervisory Authority showed that insurance and reinsurance premiums fell more than 12% year-over-year to nearly 3.5 billion Moroccan dirham ($360 million) in April.
Posted: Jun 12, 2020
The Geophysical Institute of Ecuador said that Sangay volcano spewed ash on June 9 blanketing towns across two provinces.
Posted: Jun 12, 2020
In a case that cites George Floyd’s death, a federal appeals court has reinstated charges against five West Virginia police officers who placed a black homeless man in a chokehold, then shot him 22 times while he allegedly laid prone on the ground.
Posted: Jun 11, 2020
Posted: Jun 11, 2020
Artex Risk Solutions Inc., a unit of Arthur J. Gallagher & Co., on Thursday said it has launched a rent-a-captive program for the transportation industry.
Posted: Jun 11, 2020
The Hanover Insurance Group Inc. said Thursday it has introduced an integrated and broad errors and omissions, cyber and risk management product for technology businesses.
Posted: Jun 11, 2020
The Federal Trade Commission said Wednesday that Kohl’s Department Stores Inc. has agreed to pay $220,000 to settle allegations it violated the Fair Credit Reporting Act by refusing to provide complete records of transactions to consumers whose perso...
Posted: Jun 11, 2020
Underwriting coverage for the cannabis industry has evolved substantially in just a few years, according to players on the property/casualty side speaking Wednesday on a webinar.
Posted: Jun 11, 2020
Due to the coronavirus pandemic, we could not hold awards events to recognize the Business Insurance 2020 Break Out Award winners, so we produced a video to spotlight some of the up-and-coming insurance leaders.
Posted: Jun 11, 2020
The Jet Propulsion Laboratory has agreed to pay $10 million to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency said Wednesday.
Posted: Jun 11, 2020
The Americans with Disabilities Act does not require employers to accommodate workers who want to avoid exposing family members who are at higher risk of severe illness from COVID-19, the U.S. Equal Employment Opportunity Commission says in the lates...
Posted: Jun 11, 2020
A Colorado bill that would have made it easier for essential workers to receive workers compensation for contracting coronavirus has stalled in committee.
Posted: Jun 11, 2020
Employers Holdings Inc.’s president and CEO Douglas Dirks announced he intends to step down from the company in 2021, the workers compensation insurer announced in a statement Tuesday.
Posted: Jun 11, 2020
Commercial insurance activity slowed drastically during the COVID-19 lockdown, according to a report released Thursday by insurance exchange Ivans Insurance Services.
Posted: Jun 11, 2020
Specialty and surplus lines insurer StarStone U.S. Holdings Inc. announced new executive management and a $630 million capital injection on Thursday.
Posted: Jun 11, 2020
Big Gulp, jumbo beef frank, and the assurance that one’s spouse and children will not go without in the event of one’s untimely death. 7-Eleven stores in Japan will soon begin offering life insurance out of “multifunction” vending machines, according...
Posted: Jun 11, 2020
The National Safety Council is calling on the Occupational Safety and Health Administration to “immediately” create an emergency standard for workers facing COVID-19 exposure, the Itasca, Illinois-based organization said in a statement Thursday.
Posted: Jun 11, 2020
Twenty-six drug manufacturers were sued Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices.
Posted: Jun 11, 2020