Business Insurance
England’s Duke and Duchess of Sussex, now known as Harry and Meghan and living in Los Angeles, dialed into a London high court hearing on Friday to prepare for Meghan Markel's lawsuit against Associated Newspapers, which she claims violated her right...
Posted: Apr 24, 2020
Past changes to the federal terrorism insurance backstop have reduced the government’s exposure to the program and the market for coverage remains stable, but there is potential for confusion over coverage issues should a loss occur, according to rep...
Posted: Apr 24, 2020
Past changes to the federal terrorism insurance backstop have reduced the government’s exposure to the program and the market for coverage remains stable, but there is potential for confusion over coverage issues should a loss occur, according to rep...
Posted: Apr 24, 2020
Fifty-four percent of employers intend to reduce the number of onsite employees when planning return-to-work strategies amid the ongoing coronavirus pandemic, according to survey results released Thursday by Mercer Human Resource Consulting.
Posted: Apr 24, 2020
Apple Inc. said on Thursday it has found "no evidence" a flaw in its email app for iPhones and iPads has been used against customers, and that it believes the flaw does "not pose an immediate risk to our users."
Posted: Apr 24, 2020
Interest in COVID-19 litigation is running high, as businesses across a range of industries sue insurers seeking payment of business interruption claims. Topping this week’s Top 10 is a report on Travelers striking back with a claims denial suit.
Posted: Apr 24, 2020
The 2020 Rendez-Vous de Septembre, the annual international reinsurance meeting held in Monte Carlo, Monaco, since 1957, has been canceled due to the coronavirus pandemic.
Posted: Apr 24, 2020
George Nassaouati, head of natural resources Asia at U.K.-based insurance broker Willis Towers Watson PLC, said that upstream energy insurance capacity in Singapore has fallen significantly since last year.
Posted: Apr 24, 2020
The U.K.'s cruise industry is expected to lose nearly £2.4 billion ($3 billion) as a result of a 90-day suspension of services due to the COVID-19 pandemic.
Posted: Apr 24, 2020
The COVID-19 pandemic has hit Latin America's tourism and hospitality sector hard, with most countries imposing strict curfews, travel restrictions and mandatory lockdowns.
Posted: Apr 24, 2020
Indian ratings firm Crisil Ltd. said that the COVID-19 pandemic could have cost local refiners 250 billion Indian rupees (3.3 billion) during the first quarter as oil prices slumped due to a fall in demand.
Posted: Apr 24, 2020
German flag carrier Deutsche Lufthansa AG's operating loss widened to €1.2 billion ($1.3 billion) in the first quarter, compared with a loss of €336 million in the previous year, due to the coronavirus pandemic.
Posted: Apr 24, 2020
Bermuda-based insurer and reinsurer Sompo International Holdings Ltd. is offering crop insurance in Portugal via its agriculture platform AgriSompo.
Posted: Apr 24, 2020
The U.S. Geological Survey has said that an earthquake of magnitude 5.5 hit Puerto Madero in Mexico on April 24.
Posted: Apr 24, 2020
Companies can expect higher directors and officers liability insurance rates, lower limits and more exclusions in their policies due to the coronavirus pandemic, experts say.
Posted: Apr 23, 2020
Aon PLC on Thursday said it would not cut its workforce due to the coronavirus pandemic.
Posted: Apr 23, 2020
The U.S. Supreme Court on Thursday rejected arguments by President Donald Trump's administration in a Hawaii case brought by environmentalists by saying that polluters are sometimes required to obtain permits under a landmark water pollution law for...
Posted: Apr 23, 2020
Business Insurance is accepting nominations for the 2020 Innovation Awards.
Posted: Apr 23, 2020
Axis Insurance, a unit of Pembroke, Bermuda-based Axis Capital Holdings Ltd., said Thursday it named Max Perkins to the newly created position of head of strategy and innovation for the company’s global cyber and technology unit, effective immediatel...
Posted: Apr 23, 2020
More than two dozen associations and companies have teamed up with the National Safety Council to create a nationwide task force to help employers safely resume operations in the post-pandemic world.
Posted: Apr 23, 2020
The average medical payment per claim in Virginia decreased 13% after the state implemented a workers compensation medical fee schedule in 2018, according to study details released by the Workers Compensation Research Institute on Thursday.
Posted: Apr 23, 2020
Global reinsurance capital may be eroded by some $30 billion as a result of market movements in the wake of the coronavirus outbreak, according to a report released Thursday by Willis Re, the reinsurance arm of broker Willis Towers Watson.
Posted: Apr 23, 2020
Global reinsurance capital may be eroded by some $30 billion as a result of market movements in the wake of the coronavirus outbreak, according to a report released Thursday by Willis Re, the reinsurance arm of broker Willis Towers Watson.
Posted: Apr 23, 2020
Two Illinois business associations have filed a lawsuit challenging the statutory authority of the Illinois Workers Compensation Commission to issue an order that significantly expanded workers compensation coverage for employees who acquire COVID-19...
Posted: Apr 23, 2020
Beazley PLC has snagged four former Chubb Ltd. executives to underwrite a new product recall coverage for private businesses in the United States set to launch in the second quarter.
Posted: Apr 23, 2020