Business Insurance
A federal appeals court has overturned a lower court ruling and held that an adult care home operator is entitled to coverage in connection with a False Claims Act lawsuit.
Posted: May 27, 2020
Lawmakers in New York introduced legislation that would provide death benefits for public employees who have died after contracting COVID-19 in the workplace.
Posted: May 27, 2020
A federal appeals court affirmed a lower court ruling in favor of an American International Group Inc. unit Tuesday and held that a “windstorm” rather than a “flood” deductible applies to flood damage caused by Hurricane Harvey, which means a real es...
Posted: May 27, 2020
Nearly three months after most of the U.S. shut down to control the spread of COVID-19, some workers compensation claims figures are in from monopolistic states.
Posted: May 27, 2020
A workers compensation insurer failed to prove that a security guard’s fall that resulted in a hospital treatment for a brain injury was “idiopathic,” or unexplained, the Workers’ Compensation Court of Montana ruled Tuesday in denying a summary judgm...
Posted: May 27, 2020
PartnerRe Ltd. revamped its catastrophe and specialty lines leadership on Wednesday naming Philippe Meyenhofer CEO Specialty Lines and Greg Haft to the newly created role of CEO Global Cat.
Posted: May 27, 2020
QBE North America has named Steve Gransbury head of a new specialty insurance unit and promoted Tara Krauss to head of its accident & health business, the New York-based unit of Australian insurer QBE Insurance Ltd. said in a statement Wednesday.
Posted: May 27, 2020
Quest Diagnostics on Wednesday announced a new suite of COVID-19 workplace testing products aimed at helping employers ensure safety among workers.
Posted: May 27, 2020
Hollywood studios are now casting for COVID-19 consultants, such as epidemiologists and other public health specialists, to help keep staff on set safe from the virus, according to Reuters.
Posted: May 27, 2020
Employers are once again being asked to investigate positive cases of COVID-19 in the workplace and potentially record those cases for the U.S. Occupational Safety and Health Administration.
Posted: May 27, 2020
The Insurance Council of Australia said that insurance and reinsurance claims related to the series of catastrophes in the summer hit to a new high of around $5.1 billion Australia ($3.4 billion).
Posted: May 27, 2020
Brazilian securities regulator has launched investigations into reinsurer IRB Brasil Resseguros SA for potential liquidity issues.
Posted: May 27, 2020
A report said that South Korea-based Samsung Electronics Co. Ltd.'s smartphone shipments plunged 18% year-over-year to 59 million units in the first quarter due to the coronavirus pandemic.
Posted: May 27, 2020
The web surfing and app usage histories of millions of Thai users was available on the internet without a password.
Posted: May 27, 2020
U.S.-based Financial Vanguard said that some Nigerian insurers have balked at paying COVID-19 pandemic-related business interruption claims due their interpretations of policy language.
Posted: May 27, 2020
A severe windstorm hit the Russian city of Yekaterinburg on May 25 and caused widespread damage and blackouts that left 130,000 people without power.
Posted: May 27, 2020
Ireland-based insurer FBD Holdings PLC has applied for a stay on any further legal proceedings brought by pubs over business interruption payouts until the first cases have been decided.
Posted: May 27, 2020
Commercial property/casualty rates increased an average of 9.3% across all lines in the first quarter, according to the Council of Insurance Agents & Brokers’ latest pricing survey, which was issued Tuesday.
Posted: May 26, 2020
Rep. Carolyn Maloney, D-N.Y., a senior member of the House Financial Services Committee, late Monday officially introduced legislation to establish a federal pandemic risk reinsurance program and said an alternative plan backed by some insurers was u...
Posted: May 26, 2020
A shareholder has filed a putative class-action lawsuit against an animal products manufacturer and its directors and officers, charging them with issuing false and misleading information after it revised its earnings projections based on the COVID-1...
Posted: May 26, 2020
A Georgia bankruptcy law firm sued its insurer last week seeking business interruption coverage for income it allegedly lost after courtrooms in the state were closed due to the COVID-19 pandemic.
Posted: May 26, 2020
French reinsurer SCOR SE announced Monday that it would withdraw its proposed dividend to shareholders and its top executive would forgo 30% of his bonus in light of regulatory recommendations issued since the onset of the coronavirus pandemic.
Posted: May 26, 2020
The exclusive remedy provision in Tennessee workers compensation law prohibits a woman from filing a sexual harassment and hostile worker environment claim under state human rights law because her injury did not involve previously reported harassment...
Posted: May 26, 2020
A mid-range estimate of what COVID-19 workers compensation presumption could comprise about 7% of the $18.3 billion estimated annual cost of claims in California prior to the pandemic, according to a report released Friday by the California Workers C...
Posted: May 26, 2020
Houston International Insurance Group Ltd. has named Andrew Robinson as CEO, succeeding company founder and outgoing CEO Stephen L. Way.
Posted: May 26, 2020