Business Insurance
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
More than one-third of workers said they would sue their employer if they believed they contracted coronavirus from a co-worker, according to a survey released Monday.
Posted: Jun 01, 2020
Aon PLC named Brent Rieth U.S. practice leader of its cyber solutions E&O/cyber broking team, the broker said in a statement Monday.
Posted: Jun 01, 2020
Commercial property insurers will likely pay property damage losses resulting from the civil unrest in cities across the United States, but business interruption loss calculations will be complicated by ongoing issues with coronavirus lockdowns.
Posted: Jun 01, 2020
The U.S. Supreme Court on Monday refused to hear a bid by major banks and companies including Koch Industries Inc. to prevent a trustee chasing money for victims of imprisoned Ponzi scheme swindler Bernard Madoff from recouping funds that were transf...
Posted: Jun 01, 2020
Seeking to deter further shipments of Iranian fuel to Venezuela, the Trump administration has quietly warned foreign governments, seaports, shipping companies and insurers that they could face stiff U.S. sanctions if they aid the tanker flotilla, the...
Posted: Jun 01, 2020
As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering.
Posted: Jun 01, 2020
As the insurance and risk management sector responds to unprecedented challenges, a new generation of leaders is coming through the ranks to respond to the upheavals facing the market. Business Insurance profiles some of the most promising up-and-com...
Posted: Jun 01, 2020
The Lloyd's of London insurance market said on Friday it is considering combining its physical underwriting floor in the City of London with some online elements.
Posted: Jun 01, 2020
Italy's insurance regulator IVASS has asked Cattolica Assicurazioni to boost its capital by 500 million euros ($557 million) and draw up a plan to strengthen its solvency and liquidity position, the insurer said on Monday.
Posted: Jun 01, 2020
Insurers including Hiscox, RSA and QBE will take part in a U.K. test case to decide whether their policies should pay out millions of pounds to companies hit by the coronavirus pandemic, the industry regulator said on Monday.
Posted: Jun 01, 2020
U.K.-based mutual insurer Standard Protection & Indemnity Club plans to transfer its management in-house from insurance management group Charles Taylor PLC.
Posted: Jun 01, 2020
Australian regulators have ordered U.K.-based Steamship Mutual Underwriting Association Ltd., the insurer of cargo ship APL England, which lost around 50 containers in rough seas off the coast of Sydney on May 24, to pay $22 million Australia ($15 mi...
Posted: Jun 01, 2020
Storm Amanda, which lashed El Salvador and Guatemala on May 31, caused floods and power outages.
Posted: Jun 01, 2020
Turkish steel producer Koc Metalurji AS has extended the suspension of operations at its plant in the city of Osmaniye for another month and will not produce crude steel in June.
Posted: Jun 01, 2020
The India Meteorological Department has issued a red alert for the states of Maharashtra and Gujarat ahead of a cyclonic storm.
Posted: Jun 01, 2020
Data from the Hong Kong Insurance Authority showed that new office insurance premiums in respect to policies issued to mainland Chinese visitors fell nearly 58% year-over-year to $5.4 billion Hong Kong ($697 million) in the first quarter.
Posted: Jun 01, 2020
The U.S. Geological Survey said that an earthquake of magnitude 6.0 hit the town of Lampa in Peru on May 31.
Posted: Jun 01, 2020
From pandemics to cyber events, a variety of trends are disrupting day-to-day business operations and could negatively affect productivity and profitability. Is your business prepared? Learn more from Liberty Mutual Insurance.
Posted: Jun 01, 2020
Selective Insurance Group Inc. on Wednesday filed motions to dismiss two lawsuits filed by businesses that had sued the insurer seeking coverage for coronavirus-related business interruption claims.
Posted: May 29, 2020
Only half of a workers compensation claims adjustor’s total permanent disability was caused by a fall at work, with the remaining half due to degenerative conditions, an appeals court in California ruled Wednesday in its annulment of a 100% disabilit...
Posted: May 29, 2020
The American Civil Liberties Union and other organizations filed suit in state court in Illinois Thursday charging a company that collects biometric data for law enforcement with violating the Illinois Biometric Privacy Act.
Posted: May 29, 2020
United States Oil Fund LP, the country's largest crude exchange-traded fund, is being investigated by U.S. regulators over whether its risks were properly disclosed to investors, Bloomberg reported Friday.
Posted: May 29, 2020
Insured severe convective storm damage in the U.S. has already topped $13 billion through mid-May 2020, according to a report Thursday from Aon PLC.
Posted: May 29, 2020
The U.S. Department of Labor released guidance Thursday detailing strategies on implementing social distancing in the workplace. The agency also issued new procedures to make it easier for federal workers in high-risk industries to obtain workers com...
Posted: May 29, 2020