Business Insurance
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
The U.K. insurance industry has formed a steering committee comprising several top insurance company bosses who will work with government-backed terrorism reinsurance fund Pool Re to develop a pandemic cover, the group said on Tuesday.
Posted: Apr 21, 2020
Travelers Cos. Inc. on Tuesday reported a 25% fall in quarterly profit, hurt by higher catastrophe losses, as insurers braced for a slew of claims due to disruptions caused by the coronavirus pandemic.
Posted: Apr 21, 2020
Japanese aerospace components manufacturers Kawasaki Heavy Industries Ltd. and Subaru Corp. have suspended production of aircraft components for U.S.-based Boeing Co. for about two weeks due to the coronavirus pandemic.
Posted: Apr 21, 2020
The Chinese government is facing multiple lawsuits amounting to trillions of U.S. dollars over the way it has handled the coronavirus pandemic.
Posted: Apr 21, 2020
Slovenia-based insurer and reinsurer Pozavarovalnica Sava dd expects coronavirus pandemic to reduce its net profit by around 15%-20% this year.
Posted: Apr 21, 2020
Oran Vongsuraphichet, chief executive of Thai Reinsurance PCL, said that the reinsurer expects to grow its premiums 10% growth this year despite the coronavirus pandemic.
Posted: Apr 21, 2020
Wimboh Santoso, chairman of the Financial Services Authority of Indonesia, said that the pandemic has not disrupted the restructuring process of troubled insurers.
Posted: Apr 21, 2020
Travelers Cos. Inc. fired back against a policyholder seeking business interruption coverage for coronavirus-related losses, filing suit against a Los Angeles lawyer who sued the insurer earlier this month.
Posted: Apr 20, 2020