Business Insurance
Volcano Ebeko in Russia's Kuril Islands spewed a plume of ash 1.7km above sea level on April 1.
Posted: Apr 02, 2020
A survey by the French Sport and Cycling Union found that local sports enterprises expect sales losses of more than €3 billion ($3.3 billion) in the first half due to the coronavirus pandemic.
Posted: Apr 02, 2020
The Saudi Arabian Monetary Authority has issued new rules requiring construction and building contractors working on non-governmental projects to insure hidden defects under compulsory inherent defects insurance policies.
Posted: Apr 02, 2020
Marsh LLC is looking to expand available capacity to support its PathogenRX coverage, which it launched in 2018 to cover revenue lost during pandemic outbreaks.
Posted: Apr 01, 2020
A federal appeals court restored federal gender and age discrimination charges filed by a former Detroit school administrator on the basis a rival candidate for a new position had been preselected.
Posted: Apr 01, 2020
Employee safety is among top concerns for employers during the coronavirus pandemic, according to a survey of more than 900 employers conducted by law firm Littler Mendelson P.C.
Posted: Apr 01, 2020
A popular chain of Asian supermarkets is suing another, smaller Asian supermarket for trademark infringement over the use of similar signage: the “99” in the sign, reports the news blog universalhub.com on Wednesday.
Posted: Apr 01, 2020
Louisiana lawmakers will consider a bill to provide workers compensation coverage to essential workers who contract COVID-19 in the workplace.
Posted: Apr 01, 2020
A fall suffered by a school security guard in Virginia Beach, Virginia, is not compensable because the wind that allegedly caused a door to shut, which caused her to fall, is considered an “act of God” and not within the scope of her employment, the...
Posted: Apr 01, 2020
Origami Risk LLC has expanded its risk management information system to help employers address exposures related to COVID-19, Origami Risk said in a statement Wednesday.
Posted: Apr 01, 2020
Concerns that property/casualty insurers will be forced to pick up the tab for business interruption COVID-19 losses are “overblown,” Morgan Stanley analysts said Wednesday.
Posted: Apr 01, 2020
Private equity firm HGGC LLC on Wednesday said it has acquired Woodland Hills, California-based retail brokerage PCF Insurance Services LLC for an undisclosed amount.
Posted: Apr 01, 2020
Reinsurance rates increased for many accounts at April 1 renewals, with some reinsurers inserting communicable disease exclusions in contracts, according to a report by Willis Re released Wednesday.
Posted: Apr 01, 2020
Reinsurance rates increased for many accounts at April 1 renewals, with some reinsurers inserting communicable disease exclusions in contracts, according to a report by Willis Re released Wednesday.
Posted: Apr 01, 2020
Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses, industry sources say.
Posted: Apr 01, 2020
U.S. prosecutors are investigating the former head of Wells Fargo & Co’s community banking division for her role in the lender’s product mis-selling scandal, two sources said.
Posted: Apr 01, 2020
A family that obtained a $45 million products liability judgment against a now-bankrupt firm in connection with a fire that injured its members must pursue its effort to obtain payment from the firm’s insurers, units of Liberty Mutual Insurance Group...
Posted: Apr 01, 2020
Marsh LLC announced Wednesday that its middle-market unit has bought Assurance Holdings Inc., which is the 35th largest brokerage of U.S. business.
Posted: Apr 01, 2020
March’s most popular Off Beat story featured a surprise for 'Tiger King' fans. A story on a coronavirus lawsuit also generated considerable interest.
Posted: Apr 01, 2020
As many workers compensation processes move online amid the COVID-19 pandemic, organizations are more vulnerable to cyberattacks, experts say.
Posted: Apr 01, 2020
The European Automobile Manufacturers' Association said factory shutdowns have resulted in lost production of more than 1.2 million vehicles.
Posted: Apr 01, 2020
The European Automobile Manufacturers' Association said factory shutdowns have resulted in lost production of more than 1.2 million vehicles.
Posted: Apr 01, 2020
The financial damage caused by the cancellation of the Wimbledon will be limited by its insurance policy that provides cover against epidemics.
Posted: Apr 01, 2020
U.K.'s Office of Financial Sanctions Implementation has fined Standard Chartered PLC nearly £21 million ($26 million) for allegedly breaching restrictions on loans to Russian financial institutions.
Posted: Apr 01, 2020
French film producers are pushing for insurers to cover damage caused by the coronavirus pandemic.
Posted: Apr 01, 2020