Business Insurance
nsurer Beazley PLC estimated coronavirus-related claims at $170 million on Wednesday and said it was rejecting claims from small companies for business interruption in the crisis, while also reporting a $55 million loss in the first quarter due to th...
Posted: Apr 22, 2020
TigerRisk Partners LLC has sold an unspecified stake in the reinsurance brokerage to private equity investment firm Flexpoint Ford LLC, the firms announced Tuesday.
Posted: Apr 22, 2020
The coronavirus pandemic has created constantly changing safety challenges for employers operating businesses considered essential, such as grocery stores, delivery companies and food-processing plants, experts say.
Posted: Apr 22, 2020
More than 75% of companies in Germany's engineering sector do not expect the supply-chain disruptions caused by the coronavirus pandemic to ease in the next three months.
Posted: Apr 22, 2020
Australia-based timber firm Kangaroo Island Plantation Timbers Ltd. has received a second progress claims payment of $10 million Australia ($6.3 million) from its tree crop insurance policy following the summer bushfires that damaged 95% of its crop.
Posted: Apr 22, 2020
Data from the Financial Supervisory Service showed that net profit of South Korean insurers' overseas branches tripled year-over-year to nearly $70 million in 2019.
Posted: Apr 22, 2020
New Zealand-based insurer Tower Ltd. expects cyclone Harold-related claims of up to $10 million New Zealand ($6 million) before tax.
Posted: Apr 22, 2020
Kevin Roberts, chief executive of Australia's cricket governing body, said that it could lose hundreds of millions of dollars if this year's Test match tour by India is called-off because of the coronavirus pandemic.
Posted: Apr 22, 2020
Premiums of five publicly traded insurers in China increased more than 4% year-over-year to nearly 949 billion Chinese yuan ($134 billion) in the first quarter.
Posted: Apr 22, 2020
Mount Etna volcano in Italy erupted on April 19 and spewed debris up to five kilometers into the air.
Posted: Apr 22, 2020
Insurance broker Cooper Gay France SAS has acquired local parametric and weather index insurance broker Meteo Protect SAS.
Posted: Apr 22, 2020
The China Banking and Insurance Regulatory Commission has detected the selling of banking and insurance customer data by cyber criminals.
Posted: Apr 22, 2020
The Association of Professional Insurance Women has named Lori Goltermann its Woman of the Year, the association released in a statement Tuesday.
Posted: Apr 21, 2020
Restaurants in Florida and New Jersey filed class-action lawsuits against Chubb Ltd. in federal court on Monday seeking coverage for coronavirus-related lost business income.
Posted: Apr 21, 2020
Axa XL, a division of Axa SA, on Tuesday would not elaborate on possible job losses as it unveiled a series of executive changes and restructured its business into three units across the Americas, Eurasia and the United Kingdom and Lloyd’s market.
Posted: Apr 21, 2020
New York state charged Mallinckrodt Plc on Tuesday with insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions.
Posted: Apr 21, 2020
Swiss Re Corporate Solutions named Matthias Grass chief financial officer, Swiss Re said in a statement Tuesday.
Posted: Apr 21, 2020
Travelers Cos. Inc. expects premiums to decline due to economic slowdowns related to COVID-19, but it will keep pushing for increased commercial insurance rates where it feels they are needed, executives at the insurer said as it announced a fall in...
Posted: Apr 21, 2020
The Workers’ Compensation Insurance Rating Bureau of California on Monday submitted a special regulatory filing to the California Insurance Commissioner with proposals to address the COVID-19 pandemic effects on businesses and workers.
Posted: Apr 21, 2020
Alera Group has bought Barkley Risk Management & Insurance, the brokerage announced Tuesday.
Posted: Apr 21, 2020
That might be a wrap on production insurance in Hollywood covering viruses, according to an article on Indiewire.com published Monday.
Posted: Apr 21, 2020
Thomas Leonardi, executive vice president of AIG and vice chair AIG Life Holdings Inc., announced he has decided to leave AIG at the end of May.
Posted: Apr 21, 2020
Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production.
Posted: Apr 21, 2020
While it’s hard to predict how COVID-19 will affect marine protection and indemnity mutual insurers, shipowners, including cruise lines that have been hit hard by the pandemic, may incur liability claims and extra expenses that could trigger P&I cove...
Posted: Apr 21, 2020
Determining when or if companies must inform investors that their top executives have contracted coronavirus calls for a delicate balancing act between complying with regulatory requirements and respecting employees’ privacy rights, observers say.
Posted: Apr 21, 2020