Business Insurance
Iran Insurers Syndicate is seeking financial aid from the government to prevent the collapse of the insurance network due to the COVID-19 pandemic.
Posted: Apr 28, 2020
A parliamentary committee in Australia will review the insurance sector's response to the COVID-19 pandemic.
Posted: Apr 28, 2020
In what is believed to be the first ruling of its kind, a federal district court in New York has ruled that retailers cannot be sued under Title III of the Americans with Disabilities Act for not offering braille gift cards.
Posted: Apr 27, 2020
Jonathan Zaffino, former head of Everest Re Group Ltd.’s insurance operations, will join Ascot Group Ltd. as group president, the Bermuda-based insurer and reinsurer announced Monday.
Posted: Apr 27, 2020
Crawford & Co. said Monday it has named Rohit Verma, who is now its global chief operating officer, as CEO.
Posted: Apr 27, 2020
Simon Hodge has joined McGriff Seibels & Williams Inc. in the new position of executive vice president and co-sales leader of its executive risk advisory group, the Birmingham, Alabama-based broker said Monday.
Posted: Apr 27, 2020
The effect of COVID-19 on workers compensation could range from $1 billion to $80 billion, according to a National Council on Compensation Insurance study that modeled the potential impacts of the virus.
Posted: Apr 27, 2020
Those who wanted to take their insurance planner examinations at the Seokyeong University in Seoul, South Korea, on Saturday were put to the test when COVID-19 protections called for their taking the test outside on a cold soccer field, according to...
Posted: Apr 27, 2020
A putative class-action securities lawsuit was filed Friday against a Chinese real estate firm that had its initial public offering in January, charging it made only an oblique reference to the already raging coronavirus pandemic in its offering docu...
Posted: Apr 27, 2020
A federal appeals court has reinstated a lawsuit filed by a former community college women’s softball coach, stating the reasons given for his firing may have been pretext for retaliation for his complaints about athletic association rule violations.
Posted: Apr 27, 2020
The Illinois Workers Compensation Commission unanimously voted Monday morning to repeal an emergency rule that would have allowed most workers in the state who contract COVID-19 to seek coverage for the virus under workers compensation.
Posted: Apr 27, 2020
The U.S. Equal Employment Opportunity Commission on Friday said Baltimore County will pay about $5.4 million to more than 2,000 county employees to resolve a 13-year-old age discrimination lawsuit filed against it by the agency.
Posted: Apr 27, 2020
Axis Capital Holdings estimates it will pay first-quarter catastrophe-related claims of $300 million, including $235 million in COVID-19 claims based on global shelter-in-place orders remaining in effect through July 31, 2020.
Posted: Apr 27, 2020
Aon PLC is imposing an approximately 20% salary cut on about 70% of staff due to the COVID-19 crisis, and CEO Greg Case and other senior executives will take 50% cuts, Mr. Case said in a letter to Aon staff Monday.
Posted: Apr 27, 2020
Jonathan Zaffino, who was named president and CEO of Everest Re Group Ltd.’s insurance unit just over two years ago has resigned to pursue another opportunity.
Posted: Apr 27, 2020
Jonathan Zaffino, who was named president and CEO of Everest Re Group Ltd.’s insurance unit just over two years ago has resigned to pursue another opportunity.
Posted: Apr 27, 2020
Turkey's sovereign wealth fund has purchased all the shares of the six public insurers operating in the country for more than 6.5 billion Turkish lira ($930 million) as part of a consolidation plan.
Posted: Apr 27, 2020
Australian victims are planning to sue Royal Caribbean International cruise line over last year's volcano eruption on New Zealand's White Island, which killed 21 people and injured several others.
Posted: Apr 27, 2020
KC Suri, director of U.K.-based cinema chain Reel Cinemas Ltd., said that French insurer Axa SA has refused to pay up to £7 million ($9 million) for claims related to the coronavirus lockdown.
Posted: Apr 27, 2020
Food delivery workers went on strike in the Brazilian city of Sao Paulo on April 17, joining strikes in several countries over unsafe working conditions in the face of the coronavirus pandemic.
Posted: Apr 27, 2020
Data from the Financial and Capital Market Commission of Latvia showed that local insurers' premiums grew more than 13% year-over-year to nearly €857 million ($927 million) in 2019.
Posted: Apr 27, 2020
South Africa-based insurer Sanlam Ltd. has suspended its plans to expand into Ethiopia and Egypt due to the COVID-19 pandemic.
Posted: Apr 27, 2020
The International Air Transport Association said that the COVID-19 pandemic is expected to cost European airlines up to $89 billion in lost revenues.
Posted: Apr 27, 2020
The disruption to Japan's auto industry from the coronavirus outbreak is expected to continue even after the Golden Week holidays which start from April 29.
Posted: Apr 27, 2020
An earthquake of magnitude 5.6 hit New Zealand's South Island on April 27.
Posted: Apr 27, 2020