Business Insurance
The U.S. Securities and Exchange Commission said on Monday that Cantor Fitzgerald agreed to pay $3.2 million to settle charges it provided inaccurate and incomplete “blue sheet data” on securities trading.
Posted: Apr 07, 2020
The family of a Walmart Inc. employee in Illinois who died after contracting COVID-19, the illness caused by the novel coronavirus, has filed a lawsuit accusing the retail giant of failing to adequately screen and protect workers.
Posted: Apr 07, 2020
Bill Plisga, director of risk management at Addison, Texas-based Jani-King International Inc., a cleaning chain franchisor, is finding his biggest challenge these days is doing “the normal risk management work that is going on” while also dealing wit...
Posted: Apr 07, 2020
Germany-based Volkswagen AG may have to pay up to £270 million ($331 million) after the United Kingdom’s High Court ruled that software VW installed in thousands of its diesel vehicles was illegal.
Posted: Apr 07, 2020
Turkish carmaker Ford Otomotiv Sanayi AS has extended the production suspension at its plants until April 27 due to the coronavirus outbreak.
Posted: Apr 07, 2020
Cyclone Harold made landfall in Vanuatu on April 6 and caused widespread damageCyclone Harold made landfall in Vanuatu on April 6 and caused widespread damage.
Posted: Apr 07, 2020
Data from the Polish Financial Supervision Authority showed that local insurers' gross written premiums increased nearly 3% year-over-year to around 64 billion Polish zloty ($15 billion) in 2019.
Posted: Apr 07, 2020
A forest fire in the contaminated area around the Chernobyl nuclear power plant in Ukraine has raised radiation fears.
Posted: Apr 07, 2020
The Asia-Pacific Economic Cooperation wants a regional catastrophe bond market for the Asia Pacific region.
Posted: Apr 07, 2020
Claims management firm Crawford & Co. withdrew its 2020 earnings guidance on Monday due to the effect of the coronavirus pandemic.
Posted: Apr 06, 2020
Kevin P. Brooks, former chairman, president and CEO of General Star Indemnity Co., the surplus lines unit of General Reinsurance Corp., died April 3 from complications of COVID-19. He was 75.
Posted: Apr 06, 2020
An increasing amount of workers compensation payments are going to in-network providers, whose prices tend to be lower than out-of-network prices and who offer lower costs for opioids and other medications, according to a report from the National Cou...
Posted: Apr 06, 2020
A federal appeals court has overturned a lower court ruling and held a former PricewaterhouseCoopers LLP employee must have her discrimination and retaliation claims under Title VII of the Civil Rights Act of 1964 arbitrated.
Posted: Apr 06, 2020
A federal appeals court has overturned a lower court ruling and held a former PricewaterhouseCoopers LLP employee must have her discrimination and retaliation claims under Title VII of the Civil Rights Act of 1964 arbitrated.
Posted: Apr 06, 2020
U.S. commercial property/casualty insurance rates were mostly stable in the first quarter of 2020, but COVID-19 will have a ‘dramatic’ impact on prices going forward, online insurance exchange MarketScout Corp. said Monday.
Posted: Apr 06, 2020
Aspen Insurance Holdings Ltd. named Scott Kreuzer senior managing director, Americas, at Aspen Reinsurance Co., effective May 4, Aspen Insurance Holdings said in a statement Monday.
Posted: Apr 06, 2020
Life for most of America has changed, but for many risk managers in the construction industry, business is still running as usual — but maintaining a safe workplace has become even more complicated.
Posted: Apr 06, 2020
Preferred Medical, a pharmacy benefit manager and ancillary service partner in workers compensation, announced Monday that Jim Andrews has joined the company as chief clinical officer.
Posted: Apr 06, 2020
A Bowling Green, Kentucky, State Farm insurance agent is putting the company’s slogan “Here to Help Life Go Right” to work by printing and delivering school homework packets for students who may not have access to printers.
Posted: Apr 06, 2020
Marsh LLC has named David Rahr global leader, multinational client service, effective April 15, succeeding Justin Walsleben, who retired, Marsh said in a statement Monday.
Posted: Apr 06, 2020
Shares of Zoom Video Communications Inc. fell 9% on Monday, adding to their sharp declines in the past few days, as the video conferencing app battles privacy concerns and increased competition from deep-pocketed rivals.
Posted: Apr 06, 2020
Chubb Ltd. Chairman and CEO Evan Greenberg said Sunday there will be no staff layoffs during the COVID-19 pandemic health crisis.
Posted: Apr 06, 2020
World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were not covered by policies risked destabilizing the insurance industry.
Posted: Apr 06, 2020
The All England Club and Croquet Club is preparing to submit an insurance claim "in excess of £100 million ($123 million)" following the cancellation of Wimbledon.
Posted: Apr 06, 2020
Data from the China Banking and Insurance Regulatory Commission showed that insurance premiums grew more than 1% year-over-year to nearly $166 billion in the first two months, despite the negative effects of the coronavirus outbreak.
Posted: Apr 06, 2020