Business Insurance
The Society of Motor Manufacturers and Traders has said that the COVID-19 pandemic is expected to cost the U.K. car industry up to £12.5 billion ($15.4 billion) in revenues in April.
Posted: May 29, 2020
Gross written premiums increased nearly 6% year-over-year to more than €39 billion ($43 billion) in 2019 in Central and Eastern Europe.
Posted: May 29, 2020
South Korea-based corporate analysis firm CEO Score said that the output of 17 of the country's 29 major business sectors declined in the first quarter due to the coronavirus pandemic.
Posted: May 29, 2020
A U.S. unit of Tokio Marine Group of Cos. filed a motion to dismiss a Las Vegas restaurant chain’s coronavirus-related business interruption suit on Tuesday.
Posted: May 28, 2020
Pandemic-related putative securities class-action lawsuits were filed this week by shareholders against Carnival Corp. and a biopharmaceutical company that allegedly falsely promised a vaccine.
Posted: May 28, 2020
Arizona filed a consumer fraud lawsuit against Alphabet Inc.'s Google LLC on Wednesday, alleging that the U.S. tech giant used "deceptive" and "unfair" practices to obtain the location data of users.
Posted: May 28, 2020
The Louisiana Senate on Wednesday passed legislation that allows any state-licensed physician to recommend medical marijuana and expands which conditions are eligible for its use.
Posted: May 28, 2020
Jennifer Torneden, formerly senior vice president and head of distribution and broker partnerships at Aon PLC, is joining life insurer Legal & General America Inc. as vice president of sales and strategic growth, effective Monday.
Posted: May 28, 2020
A firefighter’s widow can pursue death benefits despite her husband’s earlier workers compensation settlement agreement releasing the insurer from all future claims made by his dependents.
Posted: May 28, 2020
The specialty marketplace for cannabis operators and the broader insurance market as a whole are tightening, and policy language is being revised as insurers respond to COVID-19, speakers said during a Business Insurance webinar Wednesday.
Posted: May 28, 2020
Pie Insurance Holdings Inc. has secured $127 million in new financing to continue to expand its small business workers compensation line, the three-year-old insurtech firm announced in a statement Thursday.
Posted: May 28, 2020
The Pennsylvania Senate unanimously passed a bill Wednesday to require employers who have certified safety committees as part of their workers compensation programs to include information about the risks associated with opioid use.
Posted: May 28, 2020
Getting googly-eyed over an ergonomic chair you spotted online? Those stuck working from home for Google can expense it. No, really.
Posted: May 28, 2020
Louisiana lawmakers are considering a bill that would limit liability on several fronts during the COVID-19 public emergency, limiting the ability for people to sue businesses over virus exposure.
Posted: May 28, 2020
Security experts at Alphabet Inc.'s Google sent 1,755 warnings in April to users whose accounts were targets of government-backed attackers, following a resurgence in hacking and phishing attempts related to the coronavirus outbreak.
Posted: May 28, 2020
A lawsuit filed against Fox News for its allegedly “erroneous” and “incomplete” coronavirus coverage violates its First Amendment protections, a state court ruled in dismissing the litigation.
Posted: May 28, 2020
Data from the Insurance Council of New Zealand showed that insurers paid nearly $168 million New Zealand ($104 million) in weather-related claims last year.
Posted: May 28, 2020
French agricultural cooperative Agrial has said that insurance will cover a part of the cost of rebuilding its cheese factory that burned in February.
Posted: May 28, 2020
Blasts by U.K.-based mining firm Rio Tinto PLC in Western Australia's Pilbara region destroyed aboriginal heritage sites dating back 46,000 years.
Posted: May 28, 2020
Taiwan-based metro operator Taipei Rapid Transit Corp.’s revenue fell $470 million Taiwan ($16 million) during the first four months of 2020 due to the COVID-19 pandemic.
Posted: May 28, 2020
The United Nations has said that African Risk Capacity could expand its services and provide support during epidemics.
Posted: May 28, 2020
The Indian government is likely to consider forming a natural catastrophe insurance pool due to mounting economic losses from a series of such events in the country over the past three years.
Posted: May 28, 2020
Bangkok Insurance PCL's premium increased more than 25% year-on-year to nearly 6.2 billion Thai baht ($194 million) in the first quarter.
Posted: May 28, 2020
South Korea's exports are expected to fall nearly 23% year-over-year in May to $35.4 billion as the coronavirus pandemic continues to disrupt global supply chains.
Posted: May 28, 2020
Swiss Re Corporate Solutions has launched a parametric hail coverage designed to protect U.S. businesses in hail-prone states from the financial impact of a significant storm and to address gaps in traditional insurance coverage.
Posted: May 27, 2020