Business Insurance
The marijuana companies using Clint Eastwood to sell CBD products are unforgiven, apparently.
Posted: Jul 05, 2022
It is a sanction – and therefore excluded under an attorney’s professional liability coverage – if a court compels a plaintiff lawyer to pay a defendant attorney’s fees for filing a frivolous complaint, a federal appeals court said Friday, in affirmi...
Posted: Jul 05, 2022
Major U.S. drug distributors McKesson Corp., AmerisourceBergen Corp. and Cardinal Health Inc. are not responsible for fueling an opioid epidemic in a part of West Virginia, a federal judge ruled Monday.
Posted: Jul 05, 2022
The Utah Supreme Court on Thursday overturned a denial of benefits to a truck driver for blood clots he developed after making a three-day trip to California.
Posted: Jul 05, 2022
Commercial property insurance buyers should prepare well in advance of renewals and ensure their valuations are accurate to better manage the impact of inflation on the cost of their property insurance programs.
Posted: Jul 05, 2022
A survey by France-based consultancy firm Capgemini SE found that nearly half of the manufacturers still do not prioritize cyber security for their smart factories despite growing cyber threats.
Posted: Jul 04, 2022
The Ecuadorian Federation of Exporters said the non-oil export sector has suffered an estimated $85 million in aggregate loss, as of June 28, from the nationwide protest that began in mid-June.
Posted: Jul 04, 2022
Data from the Insurance Association of Cyprus said that local insurers’ aggregate gross written premium increased almost 13% year-on-year to €273.6 million ($286 million) in the first quarter of the year.
Posted: Jul 04, 2022
Analysts at A.M. Best Co. Inc. said Kazakhstan’s insurance market demonstrated great resilience against COVID-19 related economic challenges, recording over 43% year-on-year growth in total gross written premium to 815 billion Kazakhstani tenge ($1.9...
Posted: Jul 04, 2022
Christos Adamantiadis, CEO Middle East and Africa at Marsh LLC, said that soaring inflation has made it difficult for companies to accurately estimate the value of their assets and subsequent business interruption costs.
Posted: Jul 04, 2022
Bosnia and Herzegovina-based insurer Central Osiguranje dd is looking to merge with local counterpart ASA Osiguranje dd.
Posted: Jul 04, 2022
The Dubai Sports Council has made insurance compulsory for all the sports events, effective Sept. 1.
Posted: Jul 04, 2022
World’s largest chocolate maker Barry Callebaut AG suspended production at its chocolate factory in the Belgian town of Wieze after a salmonella outbreak.
Posted: Jul 01, 2022
Data from the Russian Central Bank said that local insurers’ aggregate gross written premium dropped almost 2% year-on-year to 452.3 billion Russian rubles ($8.4 billion) in the first quarter of the year due to weakening foreign trade and financial c...
Posted: Jul 01, 2022
U.K.-based PricewaterhouseCoopers LLP expects U.K. businesses to face up to a 20% increase in their annual insurance bills as insurers hike premium rates to cover the climbing cost of claims resulting from surging inflation and supply chain disruptio...
Posted: Jul 01, 2022
Leadership changes at Everest Insurance, the insurance division of Everest Re Group, top this week’s news. Also of note: An analysis of the potential exposures employers could face for covering the travel costs of employees who go to other states for...
Posted: Jul 01, 2022
Policy committees in the California Senate passed a bill that would extend COVID-19 presumptions for two years.
Posted: Jul 01, 2022
Marsh LLC on Friday named Stephen Horstkamp U.S. chemical practice leader, effective immediately, succeeding Mary Russell, who is retiring from the company.
Posted: Jul 01, 2022
The U.S. Occupational Safety and Health Administration is extending its revised National Emphasis Program for COVID-19, set to expire July 7, until further notice and doubling its inspections goal, the Department of Labor announced Thursday.
Posted: Jul 01, 2022
Catastrophe bond issuance remained buoyant in the first half of this year, with $7.7 billion in new issuance following a record year in 2021, according to a report released Friday by Moody’s Investors Service Inc.
Posted: Jul 01, 2022
Three Black coaches who have accused the National Football League in a lawsuit of racist hiring practices want to question league Commissioner Roger Goodell under oath as they try to keep the case in federal court rather than move to arbitration.
Posted: Jul 01, 2022
Mid-year reinsurance renewals showed hefty increases in U.S. property business and more modest casualty rate movements, according to a report Friday from Gallagher Re, the reinsurance business of Arthur J. Gallagher & Co.
Posted: Jul 01, 2022
Marsh LLC said Thursday the London-market arms of American International Group Inc., Berkshire Hathaway Specialty Insurance, Sompo International, Starr Insurance Cos., Hartford Financial Services Group Inc. and Zurich Insurance Group are participatin...
Posted: Jun 30, 2022
A federal appeals court Wednesday affirmed a lower court ruling in a Munich Re unit’s favor in a coverage dispute with a Florida public entity risk management program that contended the reinsurer was forbidden from second-guessing its decision to pay...
Posted: Jun 30, 2022
Everest Insurance, the insurance division of Everest Re Group Ltd., on Thursday said Erik Nikodem, president of global property, will retire in mid-July and appointed three executives to take over his responsibilities.
Posted: Jun 30, 2022