Business Insurance
Australia-based financial service firm Latitude Group Holdings Ltd. has reported a loss of $98.2 million Australian ($62.9 million) from continuing operations in the first half of its financial year, after spending AUD76 million on dealing with the c...
Posted: Aug 18, 2023
Perils AG has increased its insured and reinsured loss estimates for Cyclone Gabrielle, which impacted the North Island of New Zealand Feb. 11-17, by nearly 5% to $2.02 billion New Zealand ($1.2 billion), Asia Insurance Review reported. The figure in...
Posted: Aug 18, 2023
AssuredPartners Inc. said Friday it has promoted Stephanie Lockwood to chief financial officer of its retail division.
Posted: Aug 18, 2023
A class-action lawsuit against Frontier Airlines over its all-you-can-fly deal claims that in addition to the airline reneging on baggage allowances, booking online might call for time travel: availability for travel dates only shows flights for the...
Posted: Aug 18, 2023
The U.S. Occupational Safety and Health Administration on Thursday announced it cited a Pennsylvania cement manufacturer after a worker drowned in February.
Posted: Aug 18, 2023
A Pennsylvania appellate court ruled the City of Philadelphia can recover, through subrogation, benefits paid through the Heart and Lung Act to an injured city police officer.
Posted: Aug 18, 2023
Lisa Haug, assistant vice president of medical management at Safety National Casualty Corp., discusses social determinants of health and the impact on injured worker recovery.
Posted: Aug 18, 2023
The Occupational Safety and Health Administration has again cited a Wilkes-Barre, Pennsylvania-based roofing contractor for exposing employees to falls from heights of up to 27 feet without fall protection, fining the company $328,143.
Posted: Aug 18, 2023
A federal appeals court Wednesday affirmed a lower court ruling in a Berkshire Hathaway Inc. unit’s favor in a dispute over a late claim filed under a nonprofit’s claims-made directors and officers liability insurance policy.
Posted: Aug 17, 2023
A jury should decide whether oil rig workers are entitled to be paid for the time they spend changing into and out of protective gear, a federal appeals court ruled Wednesday, in overturning a lower court.
Posted: Aug 17, 2023
The Liberty Company Insurance Brokers Inc. said Thursday it completed a $340 million refinancing on July 31 and plans further acquisitions.
Posted: Aug 17, 2023
AssuredPartners Inc. said Thursday it has promoted Brian Bair to retail president of the East region and Todd Stocksdale to retail president of the West.
Posted: Aug 17, 2023
Six percent of workers with compensation claims for COVID-19 developed long COVID, according to a study released Thursday by the Workers Compensation Research Institute.
Posted: Aug 17, 2023
Luxurious, shiny and pink, with that hip California aesthetic, insurance insiders can only wonder: how much would it cost to insure Barbie’s glamorous lifestyle?
Posted: Aug 17, 2023
The U.S. Occupational Safety and Health Administration said Wednesday it cited an Arkansas sawmill operator following a February workplace fatality.
Posted: Aug 17, 2023
Oakbridge Insurance Agency LLC said Thursday it has acquired Cole Agency Inc.
Posted: Aug 17, 2023
A Florida appellate court on Wednesday overturned a workers compensation judge’s decision allowing comp benefits for a rental car company employee who was shot during a shift.
Posted: Aug 17, 2023
Aon PLC’s digital platform CoverWallet announced Thursday a collaboration with Cover Whale Insurance Solutions Inc. to make Cover Whale products accessible through CoverWallet.
Posted: Aug 17, 2023
Axa XL, a unit of Axa SA, on Thursday named Vito Raimondi head of its U.S. Central zone, effective Aug. 21.
Posted: Aug 17, 2023
India’s government has asked state-owned insurers to make changes to their strategies to increase their market share that continues to decline compared with private-sector players, Asia Insurance Review reported citing Economic Times. The government...
Posted: Aug 17, 2023
Insurers listed on the Tunis Stock Exchange recorded a 4.6% year-on-year growth in aggregate gross written premiums to 757 million Tunisian dinars ($244.6 million) in the first half of this year, Middle East Insurance Review reported. La Societe Tuni...
Posted: Aug 17, 2023
Mutual marine insurer The Swedish Club delivered a profit of $16 million and a combined ratio of 98% for the first half of the year, as its insurance portfolio continues to develop strongly in terms of both volumes and quality, Hellenic Shipping News...
Posted: Aug 17, 2023
The Building and Energy division of the Department of Mines, Industry Regulation and Safety in Western Australia has sued state government-owned electricity provider Western Power Corp., alleging that its power lines sparked a major bushfire in Wheat...
Posted: Aug 17, 2023
Brazil-based reinsurance company IRB (Re), formerly known as IRB Brasil Re, has posted an underwriting profit of 35.4 million Brazilian real ($7.1 million) in the second quarter of this year, compared with an underwriting loss of $661 million in the...
Posted: Aug 17, 2023
U.K.-based insurer Aviva PLC’s general insurance business posted a 12% year-on-year increase in gross written premiums to £5.27 billion ($6.7 billion) in the first half of this year, Reinsurance News reported. The insurer’s total operating profit inc...
Posted: Aug 17, 2023