Business Insurance
Business Insurance will be continuing its workers compensation webinar series May 21 with a panel discussion on what employers need to know about getting workers back on the job as the COVID-19 pandemic continues to unfold.
Posted: May 12, 2020
German insurer Allianz said Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis.
Posted: May 12, 2020
American International Group Inc. faces a crucial test Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay.
Posted: May 12, 2020
Employers that are inviting select employees to return to work after COVID-19 shutdowns must tread carefully to avoid potential discrimination claims, experts say.
Posted: May 12, 2020
Australian insurer Suncorp Group Ltd. expects challenges in placing its aggregate reinsurance covers given that losses from natural catastrophes over the last year have already eroded a significant amount of its protection in recent months.
Posted: May 12, 2020
Insurance experts have said that the gas leak at South Korean chemicals firm LG Chem Ltd.'s polymer plant in the Indian city of Visakhapatnam on May 7 has brought back the focus on public liability insurance.
Posted: May 12, 2020
Switzerland-based train manufacturer Stadler Rail AG suffered a cyber attack which has "most likely" led to a data leak.
Posted: May 12, 2020
China has suspended exports from four Australian beef plants amid rising trade tensions.
Posted: May 12, 2020
Research by Italian federation Confindustria Moda found that the COVID-19 pandemic cost the local fashion and textile industry more than €3.5 billion ($3.8 billion) in revenue in the first quarter.
Posted: May 12, 2020
An Indonesia-flagged crude oil tanker burst into flames on May 11 while docked for repairs at North Sumatra's Belawan port, injuring at least 22 people.
Posted: May 12, 2020
South Korea-based Hyundai Motor Co. has recalled around 100,000 cars in Australia due to fire risk.
Posted: May 12, 2020
U.K.-based Fiat Chrysler Automobiles NV reported a loss of nearly $2 billion in the first quarter, compared with a profit of $679 million in the first quarter of last year, due to a steep decline in car sales during the COVID-19 pandemic.
Posted: May 12, 2020
The U.S. Department of the Treasury on Friday said officials have concerns about proposals to compel insurers to pay business interruption losses arising from the COVID-19 pandemic.
Posted: May 11, 2020
A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp. over an abandoned $3 billion tender offer for the office space...
Posted: May 11, 2020
Posted: May 11, 2020
Commercial insurance pricing increased 14% in the United States during the first quarter, compared with the year-earlier period, according to a report released Monday by Marsh LLC.
Posted: May 11, 2020
Aon PLC’s bid to buy rival brokerage Willis Towers Watson PLC will have been more than two years in the making if it is completed as scheduled next year, regulatory filings show.
Posted: May 11, 2020
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