Business Insurance
The European-Mediterranean Seismological Centre has said that a 5.1-magnitude earthquake struck near the west coast of Nicaragua on May 20, and shook several buildings in the capital city of Managua.
Posted: May 20, 2020
Johnson and Johnson on Tuesday said it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada as part of a broad reassessment of its consumer product portfolio prompted by the COVID-19 pandemic.
Posted: May 19, 2020
The family of a Tyson Foods Inc. worker who died from COVID-19 has filed a wrongful death suit against the company.
Posted: May 19, 2020
The Federal Trade Commission said Tuesday it has reached a settlement with a Swiss game maker that is owned by a Chinese tech company over allegations it misled consumers about its membership in a program intended to ensure companies adhered to the...
Posted: May 19, 2020
Chubb Ltd. named Michelle McLaughlin chief underwriting officer of its North America retail commercial property/casualty insurance division, Chubb said in a statement Tuesday.
Posted: May 19, 2020
The AFL-CIO filed a lawsuit against the U.S. Occupational Safety and Health Administration over the lack of temporary standards to protect workers in the country from acquiring COVID-19.
Posted: May 19, 2020
The AFL-CIO filed a lawsuit against the U.S. Occupational Safety and Health Administration over the lack of temporary standards to protect workers in the country from acquiring COVID-19.
Posted: May 19, 2020
States with no workers compensation fee schedule pay higher prices for professional services, though prices vary significantly across the U.S., according to researchers from the Workers Compensation Research Institute’s medical price index study rele...
Posted: May 19, 2020
The U.S. Securities and Exchange Commission on Monday said it settled charges against three former KPMG LLP audit partners stemming from a cheating scandal at the firm.
Posted: May 19, 2020
A magazine publisher is appealing a federal court ruling in favor of an insurer in a coronavirus-related business interruption dispute.
Posted: May 19, 2020
A FedEx Corp. unit will pay $3.3 million to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission in which it was accused of discriminating against deaf and hard-of-hearing package handlers.
Posted: May 19, 2020
After finance and engineering, insurance nabbed the third spot among industries now taking part in virtual office happy hours, as COVID-19 has more professionals working from home, according to a study released Tuesday by Chicago-based alcoholic beve...
Posted: May 19, 2020
Cowbell Cyber Inc. said Tuesday it is introducing Cowbell Prime 100, its stand-alone cyber insurance product, in California.
Posted: May 19, 2020
Hacking tools and techniques used to access the travel records of millions of customers of Britain's easyJet point to a group of suspected Chinese hackers thought to be behind multiple attacks on airlines in recent months, two people familiar with th...
Posted: May 19, 2020
London has cemented its position as the world's biggest center for commercial insurance through a focus on specialist risks, but its workforce is aging and the sector needs to attract young people, a report said on Tuesday.
Posted: May 19, 2020
Companies from Nationwide Mutual Insurance Co. to Twitter Inc. plan to allow some or all employees to continue working remotely even after COVID-19 restrictions are lifted and businesses reopen.
Posted: May 19, 2020
The economic fallout from COVID-19 dominates business concerns, with two-thirds identifying a prolonged global recession as a top risk, according to an analysis released Tuesday from the World Economic Forum.
Posted: May 19, 2020
Japan-based Panasonic Corp.'s net profit fell nearly 21% year-over-year to around 226 billion Japanese yen ($2.1 billion) in the financial year ended March 31, due to weak sales of home appliances and auto electronic parts as a result of the coronavi...
Posted: May 19, 2020
Japan-based Subaru Corp.'s suspension of operations at plants in the United States and Japan in April due to the coronavirus pandemic resulted in a production loss of 150,000 vehicles.
Posted: May 19, 2020
Egypt-based Petroleum Pipelines Co. has launched an insurance policy tender of 2.5 billion Egyptian pounds ($158 million) to cover its assets.
Posted: May 19, 2020
The Supreme Court of Victoria has fined Australia-based Hazelwood Power Corp. Pty. Ltd. nearly $2 million Australia ($1.3 million) over the 2014 Latrobe Valley mine fire which burned for 45 days.
Posted: May 19, 2020
The U.A.E. Insurance Authority is considering launching a stimulus package to support the insurance sector amid the COVID-19 pandemic.
Posted: May 19, 2020
An earthquake of magnitude-4.1 hit the Swedish city of Kiruna on May 18 and knocked out water pumps at mining firm Luossavaara-Kiirunavaara Aktiebolag's iron ore mine.
Posted: May 19, 2020
Egypt-based Delta Insurance Co. SAE's insurance premiums increased nearly 33% year-over-year to more than $38 million in the nine months ended March 31.
Posted: May 19, 2020
U.S.-based equity firm TA Associates LP has agreed to buy a stake in Australian insurance broker Honan Insurance Group Pty. Ltd.
Posted: May 19, 2020