Business Insurance
Tennis ball- to baseball-sized hail lashed the Australian state of Queensland on April 19.
Posted: Apr 20, 2020
Germany-based Allianz SE's specialty insurance arm Allianz Partners has appointed Vinay Surana as regional chief executive for the Asia Pacific region.
Posted: Apr 20, 2020
U.K.'s Night Time Industries Association said that many insurers are disputing claims based on ambiguous policy wording to avoid sharing the financial burden of the coronavirus pandemic.
Posted: Apr 20, 2020
Cyber security insurance is likely to gain traction among retail customers in India, given the recent spurt in internet usage as people work from home during the coronavirus pandemic.
Posted: Apr 20, 2020
Insurers and brokers’ first-quarter results could be especially complex, reflecting the pandemic-driven turbulence of March.
Posted: Apr 17, 2020
Cannabis companies are navigating historic shifts in legislation that are leading to rapid growth throughout the sector. But the insurance sector in many cases remains wary of providing services to an industry whose core product is still illegal at t...
Posted: Apr 17, 2020
A federal appeals court has affirmed a lower court ruling, and held in a lawsuit filed by a Zurich Insurance Group unit that a Liberty Mutual Insurance Group unit did not have a duty to defend policyholders in construction defect litigation, because...
Posted: Apr 17, 2020
A $5,000 citation against a naval contractor that trains sea lions to detect trespassers was upheld after the Occupational Safety and Health Review Commission determined that a failure to mitigate drowning hazards led to the death of an employee.
Posted: Apr 17, 2020
Making a “good faith” effort to comply with U.S. Occupational Safety and Health Administration's annual requirements may be enough since the agency announced Thursday night that it would temporarily relax enforcement of many regulatory obligations if...
Posted: Apr 17, 2020
The “bodies” of skydiving instructors cannot be considered equipment for determining independent contractor status, the Idaho Supreme Court held Thursday in a challenge filed against a skydiving company by the Idaho Industrial Commission.
Posted: Apr 17, 2020
A federal appeals court on Thursday reversed a previous ruling that dismissed a lawsuit against a Louisiana casino that had a high roller arrested before paying the $30,000 he won using chips he purchased.
Posted: Apr 17, 2020
Utah lawmakers passed legislation Thursday that would create a rebuttable presumption for first responders who contract COVID-19 on the job.
Posted: Apr 17, 2020
The Czech Republic warned international allies on Thursday of an imminent wave of disruptive cyberattacks against the country's hospitals and other parts of its critical infrastructure.
Posted: Apr 17, 2020
Coronavirus coverage accounted for every story in this week’s Top 10, with particular interest in whether insurers could be forced to cover virus-related business interruption claims. Even President Trump weighed in on the issue.
Posted: Apr 17, 2020
A senior cybersecurity official with the Federal Bureau of Investigation said on Thursday that foreign government hackers have broken into companies conducting research into treatments for COVID-19, the respiratory illness caused by the coronavirus.
Posted: Apr 17, 2020
Hacking activity against corporations in the United States and other countries more than doubled by some measures last month as digital thieves took advantage of security weakened by pandemic work-from-home policies, researchers said.
Posted: Apr 17, 2020
Policyholders are considering filing a class action lawsuit against insurer Hiscox Ltd. in the United Kingdom for rejecting their business interruption claims due to the coronavirus pandemic.
Posted: Apr 17, 2020
A report by insurance broker Willis Towers Watson PLC said that the insurance market continues to harden in Asia, with losses in countries like South Korea and Thailand.
Posted: Apr 17, 2020
Malaysia-based RAM Rating Services Berhad expects the local insurance sector to remain resilient this year despite the considerable economic impact of the Covid-19 pandemic.
Posted: Apr 17, 2020
The U.S. Geological Survey said that a 6.3-magnitude earthquake struck off the coast of Honduras on April 16.
Posted: Apr 17, 2020
Hong Kong-flagged product tanker SC Taipei, which was anchored in Fujairah in the United Arab Emirates, was captured by four armed men on April 14, and told to head to Iran.
Posted: Apr 17, 2020
Insurer Momentum Metropolitan Namibia Ltd. plans to acquire Alexander Forbes Insurance Company Namibia Ltd. through its subsidiary Momentum Short Term Insurance Namibia.
Posted: Apr 17, 2020
Another Chicago tavern sued Society Insurance Inc. for corona-virus-related business interruption coverage on Wednesday.
Posted: Apr 16, 2020
A federal appeals court Wednesday affirmed a lower court ruling in favor of an Ohio insurer in a dispute with an Old Republic International Corp. unit in a construction defect case concerning a hotel’s exterior glass wall.
Posted: Apr 16, 2020
Layoffs have begun to hit the insurtech sector as both Slice Labs Inc. and Bold Penguin Inc. moved to reduce staffing this week.
Posted: Apr 16, 2020