Business Insurance
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
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