Business Insurance
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
The insurance broker for a Kansas City, Missouri, barbecue chain asked a court this week to throw out a negligence claim brought by the company alleging the broker was in part responsible for an insurer’s denial of coverage for coronavirus-related bu...
Posted: Jun 05, 2020
Argo Group International Holdings Ltd. has agreed to pay a $900,000 civil fine to settle U.S. Securities and Exchange Commission charges that it failed to disclose millions of dollars in executive perks provided to former CEO Mark Watson.
Posted: Jun 05, 2020
An employee who witnessed the death of his co-worker cannot bring a claim for emotional distress against his employer, an appellate court held Thursday.
Posted: Jun 05, 2020
Companies working on self-driving vehicles have criticized an insurance industry study suggesting that only a third of all U.S. road crashes could be prevented by driverless cars, arguing that the study has underestimated the technology's capabilitie...
Posted: Jun 05, 2020
A federal appeals court has reversed its previous ruling and reinstated litigation filed by a law firm against its legal malpractice insurer.
Posted: Jun 05, 2020
A W.R. Berkley Corp. unit has prevailed in litigation with a construction firm over a Miami Dolphins football stadium renovation, with the court ruling the claim was filed outside the time limit imposed by its claims-made coverage.
Posted: Jun 05, 2020
Claims administration firm Global Risks Solutions Inc. launched a major complex loss unit on Thursday with loss adjusting teams based in the United Kingdom and the United States.
Posted: Jun 05, 2020