Business Insurance
Indian e-learning platform Unacademy's database of 22 million users, with contacts of employees of Wipro Ltd., Infosys Ltd., Cognizant Technology Solutions Corp., Google LLC and Facebook Inc.
Posted: May 08, 2020
A report by the United Nations' Food and Agriculture Organization said that the invasion of desert locusts may cause agricultural production losses of 600 billion Pakistani rupees ($3.7 billion) in Pakistan.
Posted: May 08, 2020
Heavy rains have led to floods across East Africa, causing widespread damage and killing more than 260 people.
Posted: May 08, 2020
The U.K.'s Prudential Regulation Authority will put its insurance company stress tests on hold during the COVID-19 pandemic.
Posted: May 08, 2020
U.K.-based RSA Insurance Group PLC's net written premiums slipped 2% year-over-year to more than £1.5 billion ($1.9 billion) in the first quarter.
Posted: May 08, 2020
Japan-based Tokio Marine & Nichido Fire Insurance Co. Ltd. and U.S.-based IBM Corp.'s Japanese unit have developed a wind-damage prediction model based on artificial intelligence..
Posted: May 08, 2020
Air France-KLM SA's net loss widened to €1.8 billion ($1.9 billion) in the first quarter, compared with €324 million in the first quarter of last year.
Posted: May 08, 2020
Indigenous communities in Ecuador's Amazon region have sued the government and oil companies over the spill of 15,000 barrels of oil into nearby rivers.
Posted: May 08, 2020
A bipartisan Pennsylvania Senate bill that does not explicitly state that insurers must cover COVID-19 business interruption claims would nonetheless force insurers to pay claims that standard property policies do not cover, according to insurance in...
Posted: May 07, 2020
Employers cannot exclude employees from working simply because they have an underlying medical condition that the Centers for Disease Control says may pose a higher risk of severe illness if they contract COVID-19, the U.S. Equal Employment Opportuni...
Posted: May 07, 2020
Britain's Financial Conduct Authority aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday.
Posted: May 07, 2020
An injured worker’s jury award after he was fired following a workplace injury was upheld Tuesday by a New Mexico appellate court.
Posted: May 07, 2020
The COVID-19 pandemic is intensifying the already-challenging issues facing the cannabis industry, experts say.
Posted: May 07, 2020
California Gov. Gavin Newsom issued an executive order Wednesday extending workers compensation to essential workers who contract COVID-19 on the job.
Posted: May 07, 2020
AF Group named Ian Podmore director of captive operations at AF Specialty, the Lansing, Michigan-based insurer announced in a statement Thursday.
Posted: May 07, 2020
North American commercial insurance buyers will continue to pay more across most lines of business and see their coverage terms and conditions scrutinized, as the industry braces for a potential loss of up to $80 billion from COVID-19, according to a...
Posted: May 07, 2020
Bala Siva Srikanth Adivi, an occupational health, safety and environment expert at the Kuwait Oil Co. and 12-year member of the American Society of Safety Professionals, was named ASSP’s 2020 Safety Professional of the Year, the organization announce...
Posted: May 07, 2020
Tornadoes and hailstorms in the United States during April caused more than $2 billion in insured losses, according to a report by Aon PLC released Thursday.
Posted: May 07, 2020
The U.S. securities regulator on Wednesday said Bloomberg Tradebook LLC has agreed to pay a $5 million penalty to settle charges it made "material misrepresentations" over how the broker-dealer handled certain customer trade orders.
Posted: May 07, 2020
Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global insurance regulators say.
Posted: May 07, 2020
A truck driver in Lincoln, Nebraska, is barred from workers compensation benefits in a firecracker mishap he said was the result of entertaining a warehouse manager on his route, the Nebraska Court of Appeals ruled Tuesday.
Posted: May 07, 2020
Munich Re said on Thursday it expects to receive claims for cancelled or postponed events because of the coronavirus crisis in excess of €1 billion ($1.08 billion) this year after it posted a 65% drop in first-quarter profit.
Posted: May 07, 2020
Germany-based reinsurer Hannover Re SE has set aside €220 million ($238 million) in reserves for potential claims related to the COVID-19 pandemic.
Posted: May 07, 2020
Gas leaked from South Korean chemicals firm LG Chem Ltd.'s polymer plant in the Indian city of Visakhapatnam on May 7, killing at least 10 people and sickening more than 5,000 others.
Posted: May 07, 2020
More than 70 listed companies in China plan to buy directors and officers liability insurance for directors and supervisors this year after scandal-hit coffeehouse chain Luckin Coffee Inc. claimed $25 million in insurance coverage.
Posted: May 07, 2020