Business Insurance
Woodruff Sawyer & Co. said Thursday that CEO Andy Barrengos has assumed the added title of chairman, while chairman Stan Loar has become chairman emeritus.
Posted: May 21, 2020
A firefighter’s hearing loss is not covered by workers compensation because it was cumulative and not triggered by a single incident, an appellate court held Wednesday.
Posted: May 21, 2020
A U.S. District Court judge in San Jose, California, has refused to dismiss age discrimination claims in a class-action lawsuit filed against HP Inc. and Hewlett Packard Enterprise Co. by former employees, stating they had provided sufficient evidenc...
Posted: May 21, 2020
Italy's biggest insurer, Generali, expects its operating profit to be “resilient” this year, but to fall short of last year due to the COVID-19 pandemic, it said on Thursday.
Posted: May 21, 2020
Austria-based Vienna Insurance Group AG's insurance premiums grew more than 7% to surpass €3 billion ($3.3 billion) in the first quarter, driven by strong demand in Austria and Poland during the first two months.
Posted: May 21, 2020
A German court has ended proceedings against the chairman and chief executive of Volkswagen AG after the carmaker agreed to pay a fine of €9 million ($10 million) over the diesel emissions scandal.
Posted: May 21, 2020
Cyclone Amphan, which hit India and Bangladesh on May 20, has killed at least 14 people and caused widespread damage.
Posted: May 21, 2020
A group of hospitality firms in the United Kingdom plan to sue insurers Aviva PLC and QBE Insurance Ltd. after failing to secure payouts following business interruption due to the coronavirus pandemic.
Posted: May 21, 2020
Hackers who delivered a ransomware attack on Australian logistics firm Toll Holdings Ltd. in January have leaked corporate data online as the company refused to give in to ransom demands.
Posted: May 21, 2020
A report by U.S.-based accounting firm KPMG LLP predicted that India's real estate sector will lose 1 trillion Indian rupees ($13.3 billion) in the year ending March 31, 2021, due to the COVID-19 pandemic.
Posted: May 21, 2020
The Public Risk Management Association on Tuesday named Jessica Lyons, risk manager for the city of Henderson, Nevada, its Public Risk Manager of the Year.
Posted: May 20, 2020
Cyber insurer and security company Coalition Inc. said Wednesday it has raised $90 million in additional equity capital.
Posted: May 20, 2020
Alliant Insurance Services Inc. said Wednesday it is partnering with a cybersecurity firm to offer a product for private-equity managers and their portfolios.
Posted: May 20, 2020
Workers compensation insurers, self-insured employers, the Special Fund and authorized claims processing representatives administering Arizona workers compensation claims may not deny COVID-19 claims without justification, according to a policy state...
Posted: May 20, 2020
California’s rebuttable presumption for COVID-19 acquisition for 16 categories of essential workers may likely cost the state $1 billion, but far less than earlier projections, according to a presentation of the California Workers Compensation Insura...
Posted: May 20, 2020
Most legal malpractice insurers report the number of claims filed in 2019 was either the same or higher than in 2018, a broker report says.
Posted: May 20, 2020
More news from the apocalypse: The Chicago skyline on Tuesday night looked “downright ominous,” reported the Chicago Tribune on Wednesday as the famed Willis Tower continued to suffer power loss.
Posted: May 20, 2020
A nutritional supplement company worker who became ill with COVID-19 along with her disabled daughter and roommate has filed suit against the company, charging she was threatened with termination when she complained about the company’s safety procedu...
Posted: May 20, 2020
Lawmakers in two states this week are aiming to improve workers compensation benefits for first responders, in line with a nationwide trend focusing on injuries suffered by those who work as police officers and firefighters.
Posted: May 20, 2020
The U.S. Occupational Safety and Health Administration issued revised enforcement guidance to help employers evaluate whether a workplace case of COVID-19 is recordable.
Posted: May 20, 2020
Liberty Mutual Insurance Co. on Wednesday named David Perez chief underwriting officer for Global Risk Solutions, Liberty Mutual’s global commercial and specialty lines insurer and reinsurer.
Posted: May 20, 2020
Lockton Global Re on Wednesday said it named Martin Stephenson to the newly created position of chairman of marine and energy, effective in July.
Posted: May 20, 2020
A legal services firm that sued its broker and insurer last week in a claims dispute over coronavirus-related business interruption losses is withdrawing the lawsuit.
Posted: May 20, 2020
Brokerage CAC Specialty named Eric Joost, longtime senior executive at Willis Towers Watson PLC, as executive vice president and chief technology & global markets officer.
Posted: May 20, 2020
Five McDonald's workers in Chicago filed a class-action lawsuit against the fast-food chain on Tuesday, accusing it of failing to adopt government safety guidance on COVID-19 and endangering employees and their families.
Posted: May 20, 2020