Business Insurance
The economic downturn and the slowdown of court proceedings amid the COVID-19 pandemic are boosting efforts to close older workers compensation claims, according to experts who say an uptick in settlements is on the horizon.
Posted: May 20, 2020
Super cyclonic storm Amphan, which packs the punch of a category 5 hurricane, is expected to hit the Indian states of Odisha and West Bengal on May 20 and cause heavy rains and floods.
Posted: May 20, 2020
Kayode Farinto, vice president of the Association of Nigerian Licensed Customs Agents, said the local shipping industry had lost 500 billion Nigerian naira ($1.3 billion) so far due to the COVID-19 pandemic.
Posted: May 20, 2020
A fire broke out at a catalyst plant in South Korean chemicals firm LG Chem Ltd.'s petrochemical complex in the city of Seosan on May 19, and killed one worker and injured two others.
Posted: May 20, 2020
A report said that too much bureaucracy has hampered London's efforts to develop an insurance-linked securities market.
Posted: May 20, 2020
Typhoon Ambo, which hit the Philippines on May 14, has caused agricultural damage of nearly 913 million Philippine pesos ($18 million) and destroyed around PHP 41 million worth of public infrastructure.
Posted: May 20, 2020
Data from the China Banking and Insurance Regulatory Commission showed that property insurers' gross written premiums increased more than 6% year-on-year to nearly 478 billion Chinese yuan ($67 billion) in the first four months of 2020.
Posted: May 20, 2020
Top European football clubs could lose £3.5 billion ($4.3 billion) due to the COVID-19 pandemic, even if major domestic leagues and competitions are completed.
Posted: May 20, 2020
The European-Mediterranean Seismological Centre has said that a 5.1-magnitude earthquake struck near the west coast of Nicaragua on May 20, and shook several buildings in the capital city of Managua.
Posted: May 20, 2020
Johnson and Johnson on Tuesday said it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada as part of a broad reassessment of its consumer product portfolio prompted by the COVID-19 pandemic.
Posted: May 19, 2020
The family of a Tyson Foods Inc. worker who died from COVID-19 has filed a wrongful death suit against the company.
Posted: May 19, 2020
The Federal Trade Commission said Tuesday it has reached a settlement with a Swiss game maker that is owned by a Chinese tech company over allegations it misled consumers about its membership in a program intended to ensure companies adhered to the...
Posted: May 19, 2020
Chubb Ltd. named Michelle McLaughlin chief underwriting officer of its North America retail commercial property/casualty insurance division, Chubb said in a statement Tuesday.
Posted: May 19, 2020
The AFL-CIO filed a lawsuit against the U.S. Occupational Safety and Health Administration over the lack of temporary standards to protect workers in the country from acquiring COVID-19.
Posted: May 19, 2020
The AFL-CIO filed a lawsuit against the U.S. Occupational Safety and Health Administration over the lack of temporary standards to protect workers in the country from acquiring COVID-19.
Posted: May 19, 2020
States with no workers compensation fee schedule pay higher prices for professional services, though prices vary significantly across the U.S., according to researchers from the Workers Compensation Research Institute’s medical price index study rele...
Posted: May 19, 2020
The U.S. Securities and Exchange Commission on Monday said it settled charges against three former KPMG LLP audit partners stemming from a cheating scandal at the firm.
Posted: May 19, 2020
A magazine publisher is appealing a federal court ruling in favor of an insurer in a coronavirus-related business interruption dispute.
Posted: May 19, 2020
A FedEx Corp. unit will pay $3.3 million to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission in which it was accused of discriminating against deaf and hard-of-hearing package handlers.
Posted: May 19, 2020
After finance and engineering, insurance nabbed the third spot among industries now taking part in virtual office happy hours, as COVID-19 has more professionals working from home, according to a study released Tuesday by Chicago-based alcoholic beve...
Posted: May 19, 2020
Cowbell Cyber Inc. said Tuesday it is introducing Cowbell Prime 100, its stand-alone cyber insurance product, in California.
Posted: May 19, 2020
Hacking tools and techniques used to access the travel records of millions of customers of Britain's easyJet point to a group of suspected Chinese hackers thought to be behind multiple attacks on airlines in recent months, two people familiar with th...
Posted: May 19, 2020
London has cemented its position as the world's biggest center for commercial insurance through a focus on specialist risks, but its workforce is aging and the sector needs to attract young people, a report said on Tuesday.
Posted: May 19, 2020
Companies from Nationwide Mutual Insurance Co. to Twitter Inc. plan to allow some or all employees to continue working remotely even after COVID-19 restrictions are lifted and businesses reopen.
Posted: May 19, 2020
The economic fallout from COVID-19 dominates business concerns, with two-thirds identifying a prolonged global recession as a top risk, according to an analysis released Tuesday from the World Economic Forum.
Posted: May 19, 2020