Business Insurance
The French Prudential Supervisory and Resolution Authority has launched an investigation into business interruption insurance market following the coronavirus pandemic.
Posted: May 07, 2020
A survey found that more than half a million businesses in the United Kingdom are at risk of going bust due to the coronavirus pandemic.
Posted: May 07, 2020
Indonesia's meteorological and geophysics agency said that a 7.3-magnitude earthquake shook Maluku province on May 6.
Posted: May 07, 2020
The COVID-19 pandemic has opened up a potential new market for insurers in India as business across a number of sectors are enquiring about business interruption cover.
Posted: May 07, 2020
A storm ripped through Western Australia on May 6 and caused power outage at nearly 40,000 properties, razed fences, blew trampolines and damaged roofs.
Posted: May 07, 2020
Frederik Bisbjerg, an insurance expert, said that a false sense of stability prevails in the Middle East and North Africa insurance market, with insurers lacking motivation to adapt to changes on a scale required to stay competitive.
Posted: May 07, 2020
A putative class action lawsuit alleging violation of Illinois’ Biometric Information Privacy Act can be heard in federal court, rather than in more plaintiff-friendly state court, said a federal appeals court Tuesday, in overturning a lower court ru...
Posted: May 06, 2020
A New Jersey lawmaker introduced a bill Monday to provide supplemental workers compensation benefits to the dependents of essential employees who dies from COVID-19 in the course of employment.
Posted: May 06, 2020
A man who was convicted of assaulting his supervisor is entitled to workers compensation benefits, an Ohio appellate court held Monday.
Posted: May 06, 2020
Captive insurers are responding to COVID-19 property and business interruption claims and will likely play a greater role in writing pandemic risks as commercial insurance buyers grapple with tougher market conditions in the coming months, experts sa...
Posted: May 06, 2020
A real estate agent who said she injured her back while manually closing a garage door in showing a model home may have to pay the developer and its insurance company monetary damages after the North Carolina Industrial Commission dismissed her claim...
Posted: May 06, 2020
Willis Towers Watson said Wednesday it has formed a strategic solutions group within its financial executive and professional global practice and mergers and acquisitions group to provide specialized risk services to distressed organizations.
Posted: May 06, 2020
Protecdiv Inc., a minority-owned brokerage based in Philadelphia that launched in January, and Birmingham, Alabama-based brokerage Cobbs Allen have formed a strategic partnership to serve the needs of corporate and public entity businesses.
Posted: May 06, 2020
A hot tub for four. A top-of-the-line gas stove to offset electrical requirements for the hot tub. A luxurious, king-sized specialty mattress. A seven-piece leather sectional sofa.
Posted: May 06, 2020
Ryan Specialty Group LLC named Brendan M. Mulshine to the newly created position of chief revenue officer, the broker said in a statement Wednesday.
Posted: May 06, 2020
A Lloyd’s of London syndicate fired back at a Tampa, Florida, sports bar that sued the insurer last month for business interruption coverage, arguing the bar is not covered for coronavirus-related losses.
Posted: May 06, 2020
A U.S. federal judge has dismissed a worker advocacy group’s lawsuit accusing Smithfield Foods Inc., the world's largest pork processor, of failing to adequately protect employees from the novel coronavirus at a plant in Missouri.
Posted: May 06, 2020
Loss prevention and control is a growing concern for ship owners and marine insurers, amid government lockdowns, border restrictions and supply chain disruptions in the COVID-19 era, experts say.
Posted: May 06, 2020
Workers in the meat and poultry processing industries are back on the job throughout the United States, but reports of COVID-19 infections among plant workers and questions about safety protocols and government guidance could leave employers exposed...
Posted: May 06, 2020
April’s most popular Off Beat story featured a mom's solution to interruption going viral. A story on a find-the-pug Easter diversion also attracted among the most page views for the month.
Posted: May 06, 2020
Research by the British Beer & Pub Association found that insurers had rejected 67% of claims made by businesses with pandemic cover.
Posted: May 06, 2020
Spain-based insurer Mapfre SA's premiums fell nearly 5% year-over-year to more than €6 billion ($6.5 billion) in the first quarter.
Posted: May 06, 2020
Josh Frydenberg, treasurer of Australia, has said that the restrictions aimed at stopping the spread of coronavirus are costing the country $4 billion Australia ($2.6 billion) per week.
Posted: May 06, 2020
A fire that engulfed a factory complex in Kirrawee, Sydney on May 3 damaged the two-story building.
Posted: May 06, 2020
Cruise operator Carnival Corp. & PLC has extended the suspension of operations of its cruise line P&O Cruises in Australia and New Zealand until Aug. 31 due to the COVID-19 pandemic.
Posted: May 06, 2020