Business Insurance
A group of 13 state attorneys general asked Amazon.com on Tuesday to provide data on coronavirus-linked infections and deaths among its workforce, along with evidence of the company's compliance with paid sick leave laws.
Posted: May 12, 2020
Outpatient hospital payments are higher and growing at a faster rate in states without fee schedules, according to a study released Tuesday from the Workers Compensation Research Institute.
Posted: May 12, 2020
The coronavirus pandemic is changing some of the dynamics of broker mergers and acquisitions, but deals will continue to be made amid the outbreak, according to Marc Cohen, president and CEO of Hub International Ltd.
Posted: May 12, 2020
Allegedly shoddy work cannot be considered an accident, and therefore is not an occurrence under a commercial general liability policy, a federal appeals court said Monday, in a case involving a grain storage and distribution facility’s construction.
Posted: May 12, 2020
Oklahoma lawmakers have passed legislation to allow for the coverage of chiropractic treatment in workers compensation.
Posted: May 12, 2020
A Republican bill that would protect businesses from lawsuits arising from the COVID-19 pandemic passed the Oklahoma Senate on Tuesday.
Posted: May 12, 2020
Eight women attempted to sue L’Oréal USA Inc. claiming that the cosmetics company trapped liquid product in its pumps and women were ripped off as a result of a few less drops of anti-aging face creams.
Posted: May 12, 2020
A unit of Morgan Stanley agreed to pay a $5 million fine to settle U.S. Securities and Exchange Commission charges it misled retail investing clients about the costs of a "wrap fee" program, the regulator said on Tuesday.
Posted: May 12, 2020
Business Insurance will be continuing its workers compensation webinar series May 21 with a panel discussion on what employers need to know about getting workers back on the job as the COVID-19 pandemic continues to unfold.
Posted: May 12, 2020
German insurer Allianz said Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis.
Posted: May 12, 2020
American International Group Inc. faces a crucial test Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay.
Posted: May 12, 2020
Employers that are inviting select employees to return to work after COVID-19 shutdowns must tread carefully to avoid potential discrimination claims, experts say.
Posted: May 12, 2020
Australian insurer Suncorp Group Ltd. expects challenges in placing its aggregate reinsurance covers given that losses from natural catastrophes over the last year have already eroded a significant amount of its protection in recent months.
Posted: May 12, 2020
Insurance experts have said that the gas leak at South Korean chemicals firm LG Chem Ltd.'s polymer plant in the Indian city of Visakhapatnam on May 7 has brought back the focus on public liability insurance.
Posted: May 12, 2020
Switzerland-based train manufacturer Stadler Rail AG suffered a cyber attack which has "most likely" led to a data leak.
Posted: May 12, 2020
China has suspended exports from four Australian beef plants amid rising trade tensions.
Posted: May 12, 2020
Research by Italian federation Confindustria Moda found that the COVID-19 pandemic cost the local fashion and textile industry more than €3.5 billion ($3.8 billion) in revenue in the first quarter.
Posted: May 12, 2020
An Indonesia-flagged crude oil tanker burst into flames on May 11 while docked for repairs at North Sumatra's Belawan port, injuring at least 22 people.
Posted: May 12, 2020
South Korea-based Hyundai Motor Co. has recalled around 100,000 cars in Australia due to fire risk.
Posted: May 12, 2020
U.K.-based Fiat Chrysler Automobiles NV reported a loss of nearly $2 billion in the first quarter, compared with a profit of $679 million in the first quarter of last year, due to a steep decline in car sales during the COVID-19 pandemic.
Posted: May 12, 2020
The U.S. Department of the Treasury on Friday said officials have concerns about proposals to compel insurers to pay business interruption losses arising from the COVID-19 pandemic.
Posted: May 11, 2020
A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp. over an abandoned $3 billion tender offer for the office space...
Posted: May 11, 2020
Posted: May 11, 2020
Commercial insurance pricing increased 14% in the United States during the first quarter, compared with the year-earlier period, according to a report released Monday by Marsh LLC.
Posted: May 11, 2020
Aon PLC’s bid to buy rival brokerage Willis Towers Watson PLC will have been more than two years in the making if it is completed as scheduled next year, regulatory filings show.
Posted: May 11, 2020