Business Insurance
Swiss catastrophe loss data provider Perils AG expects property claims related to floods caused by storms that hit the United Kingdom in February to total nearly £300 million ($372 million).
Posted: Apr 03, 2020
The International Air Transport Association said that African airlines have lost up to $4 billion due to the coronavirus outbreak.
Posted: Apr 03, 2020
Australian insurers Suncorp Group Ltd., QBE Insurance Group Ltd. and Allianz Australia have introduced numerous measures to support small businesses during the coronavirus outbreak.
Posted: Apr 03, 2020
Sweden-base automotive spare-parts provider Mekonomen AB said that a cyber attack on its MECA/Mekonomen business has caused extensive disruptions to the information technology systems in Sweden and Norway.
Posted: Apr 03, 2020
The U.S. Geological Survey has said that a 5.2-magnitude earthquake hit Jiquilillo in Nicaragua on March 3.
Posted: Apr 03, 2020
The National Insurance Commission of Nigeria has said that insurers can renew their reinsurance treaty with foreign partners during the coronavirus outbreak.
Posted: Apr 03, 2020
Scratch Restaurants LLC on Wednesday sued its insurer Farmers Group Inc. for coronavirus-related business interruption coverage, joining a growing list of shuttered restaurants seeking coverage under their commercial insurance policies.
Posted: Apr 02, 2020
An insurer is not obligated to defend or indemnify an incontinence products manufacturer in a dispute with a competitor under terms of its coverage, said a federal appeals court Wednesday in affirming a lower court ruling.
Posted: Apr 02, 2020
A putative class action lawsuit charging Zoom Video Communications Inc. with sharing personal information with Facebook Inc. has been filed in U.S. District Court in San Jose, California.
Posted: Apr 02, 2020
The coronavirus pandemic has reshaped workplaces and work practices in the space of a few weeks. Employers must quickly adapt to new safety concerns, new workplace injury claims and new claims processes, while managing through a crisis the like of wh...
Posted: Apr 02, 2020
The 2020 Atlantic basin hurricane season will have above-normal activity, Colorado State University’s Department of Atmospheric Science said in a report released Thursday.
Posted: Apr 02, 2020
Third Coast Underwriters, a division of Lansing, Michigan-based AF Group, has promoted Peter Vaughn to the newly created position of director of insurance operations, the insurer announced in a statement Thursday.
Posted: Apr 02, 2020
(Reuters) — European Union consumers should be able to sue carmakers in their national courts if they have bought cars with emission cheat devices installed, an adviser to the Court of Justice of the European Union said Thursday.
Posted: Apr 02, 2020
The owner of a trucking company who pleaded guilty to charges that he failed to carry workers compensation insurance for his drivers must pay the costs associated with an injury suffered by one of his employees, an appeals court in Iowa ruled Wednesd...
Posted: Apr 02, 2020
Fitch Ratings Inc. placed the AA- financial strength rating of Lloyd’s of London on “rating watch negative” on Thursday due to concerns over the effect of the COVID-19 pandemic on the market.
Posted: Apr 02, 2020
Risk managers at universities are finding plenty to keep them busy despite their now virtually empty campuses.
Posted: Apr 02, 2020
(Reuters) — Hackers working in the interests of the Iranian government have attempted to break into the personal email accounts of staff at the World Health Organization during the coronavirus outbreak, four people with knowledge of the matter told R...
Posted: Apr 02, 2020
CAC Specialty named Ed Krayer to the newly created position of senior vice president in CAC Specialty’s M&A Solutions team, the broker said in a statement Thursday.
Posted: Apr 02, 2020
Amazon is not liable for unknowingly stocking goods for third-party sellers that infringe trademarks, Europe's top court said on Thursday, handing online retailers a victory in their battle against luxury goods companies.
Posted: Apr 02, 2020
Call it a sign of the times: A telecommuting mom cooped up with her children tacked up a hand-scribbled memo on her home office door that has the Internet in chuckles.
Posted: Apr 02, 2020
Munich Reinsurance Co. has withdrawn its profit guidance of €2.8 billion ($3.1 billion) for this year, due to claims triggered by the coronavirus outbreak.
Posted: Apr 02, 2020
Germany-based Volkswagen AG plans to extend the suspension of operations at two of its production plants in central Mexico until April 30 from April 12 in the wake of the coronavirus outbreak.
Posted: Apr 02, 2020
Chinese environmental authorities have said that a spill from a tailings dam at a molybdenum mine in Heilongjiang province on March 28 contaminated water up to 110km downstream.
Posted: Apr 02, 2020
Bangladesh could lose around $6 billion in export revenues as brands and retailers continue to cancel orders in the wake of the coronavirus outbreak.
Posted: Apr 02, 2020
South Africa-based insurer Sanlam Ltd. has appointed Paul Hanratty as chief executive.
Posted: Apr 02, 2020