Business Insurance
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
U.S.-based catastrophe risk modeling firm Risk Management Solutions Inc. has launched high definition models covering severe convective storm peril across 17 countries in Europe.
Posted: May 06, 2020
Norwegian Cruise Line Holdings Ltd., the world's third-largest cruise operator, raised doubts about its ability to keep running as a business on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis.
Posted: May 05, 2020
Legalized cannabis represents a significant new business opportunity for the insurance industry, according to a report released Tuesday by New Dawn Risk Group Ltd., a London-based brokerage.
Posted: May 05, 2020
California's attorney general on Tuesday sued Uber Technologies Inc. and Lyft Inc. for classifying its drivers improperly as independent contractors instead of employees, evading workplace protections and withholding worker benefits.
Posted: May 05, 2020
The Legal Sea Foods LLC restaurant chain filed a breach of contract suit against its insurer Monday for refusing to pay business interruption expenses in connection with the coronavirus pandemic, stating even though its policy was issued in March, wh...
Posted: May 05, 2020
A.M. Best Co. Inc. downgraded the financial strength rating of Axis Capital Holdings Ltd. to A from A+ as the insurer and reinsurer reported a loss for the first quarter of 2020.
Posted: May 05, 2020
American International Group Inc. estimates it will pay $272 million in first-quarter losses related to COVID-19 and expects the pandemic will generate the largest ever industry loss, hitting numerous lines of business, the insurer’s executives said...
Posted: May 05, 2020
Lawmakers in four states pushed workers compensation legislation over the past week to enhance benefits for essential workers performing job duties during the COVID-19 pandemic.
Posted: May 05, 2020