Business Insurance
A nurse’s back injuries she said began when she felt a “pop” while pushing a medicine cart are not compensable, the Mississippi Supreme Court held Thursday.
Posted: May 11, 2020
The Federal Trade Commission is seeking comments as to whether changes should be made to a rule that requires when health care vendors notify individuals and others that a data breach has occurred.
Posted: May 11, 2020
Travelers Cos. Inc. and Arch Capital Group Ltd. units are not obligated to defend and indemnify a Louisiana construction company because the “intentional and malicious” behavior alleged in the underlying lawsuit was not an occurrence under their cove...
Posted: May 11, 2020
An injured firefighter’s 74% loss-of-use of his hip will be applied when factoring his permanent disability and not the functional improvement experienced following hip surgery that led to an 11% loss-of-use determination, the Supreme Court of Virgin...
Posted: May 11, 2020
There’s a not-so-wholesome twist in American Girl’s 2018 “Girl of the Year.” Silky-haired brunette Luciana Vega, a starry-eyed 11-year-old interested in going to Space Camp and becoming the first Mars astronaut, aiming to encourage little girls every...
Posted: May 11, 2020
Brokerage Hub International Ltd. said Monday that its affiliate, Hub International Northeast Ltd., has acquired the assets of The B&G Group Inc. of Plainview, New York.
Posted: May 11, 2020
Aon PLC said Monday it has formed a managing general agent offering primary limits of up to $100 million for intellectual property risks and targeting businesses in North America, Europe, Australia, New Zealand and parts of Asia.
Posted: May 11, 2020
Commercial insurance rate increases accelerated in most lines last month, but workers compensation rates continue to fall, according to a report by insurance exchange Ivans Insurance Services.
Posted: May 11, 2020
National governments must help provide insurance cover for future lockdowns, the industry's European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its own.
Posted: May 11, 2020
Emirsyah Satar, former chief executive of airline PT Garuda Indonesia Tbk, has been sentenced to eight years in prison and fined 1 billion Indonesian rupiah ($66,924) for bribery and money laundering.
Posted: May 11, 2020
Allianz SE is facing lawsuits over COVID-19 business interruption claims in the United Kingdom.
Posted: May 11, 2020
Australia-based Suncorp Group Ltd.'s insurance division took a $205 million Australia ($134 million) hit from coronavirus-induced market volatility in the first quarter.
Posted: May 11, 2020
U.S.-based electric vehicle maker Tesla Inc. suspended production at its plant on the outskirts of Shanghai from May 6 to May 9 because of shortage of components.
Posted: May 11, 2020
The British Tourist Authority expects the events industry to lose £58 billion ($72 billion) this year due to the COVID-19 pandemic.
Posted: May 11, 2020
Hamed Mahmoud, head of technical affairs at Egypt-based Misr Takaful Insurance Co., expects reinsurance rates to rise for local insurers at the July renewals.
Posted: May 11, 2020
The U.S. Geological Survey said that a 5.8-magnitude earthquake hit the island of Honshu in Japan on May 10.
Posted: May 11, 2020
Russian insurer Rosgosstrakh PJSC's gross written premiums increased nearly 28% year-over-year to more than 22 billion Russian rubles ($300 million) in the first quarter.
Posted: May 11, 2020
The Centers for Food Safety and the Food Chain Workers Alliance have filed a rulemaking petition with the U.S. Occupational Safety and Health Administration, urging the agency to issue an emergency temporary standard to protect workers in the meat an...
Posted: May 08, 2020
Commercial insurers will be hard hit by pandemic-related losses, delaying their profits recovery to the second half of 2021 and accelerating price increases for buyers, Fitch Ratings Inc. said in a report Friday.
Posted: May 08, 2020
Engineering and construction firm Fluor Corp. said Friday it had received a subpoena from the U.S. Department of Justice, seeking documents related to projects for which it recorded charges in the second quarter of 2019.
Posted: May 08, 2020
Hackers linked to Iran have targeted staff at U.S. drugmaker Gilead Sciences Inc. in recent weeks, according to publicly available web archives reviewed by Reuters and three cybersecurity researchers, as the company races to deploy a treatment for th...
Posted: May 08, 2020
An insurer facing a coronavirus-related business interruption case and various industry trade groups filed arguments Thursday urging a state high court not to fast-track the litigation process.
Posted: May 08, 2020
A federal judge on Thursday dismissed a lawsuit against the makers of Ben & Jerry’s ice cream over the claim that its product came from “happy cows.”
Posted: May 08, 2020
The financial toll of the COVID-19 pandemic has been top of mind this week, as insurers and brokers continued to assess how their businesses will be hit. Meanwhile, M&A activity picked up with a $200M+ deal.
Posted: May 08, 2020
Spain-based insurer Mapfre SA has allocated €60 million ($65 million) to provide clients automatic discounts on the renewal of their professional insurance amid the COVID-19 pandemic.
Posted: May 08, 2020