Business Insurance
New York state's highest court on Thursday ruled that drivers for online food delivery service Postmates Inc. were employees eligible for unemployment insurance, which the state's attorney general called a win for gig economy workers.
Posted: Mar 27, 2020
Insurer Chubb Ltd. on Thursday said it is investigating a computer security incident that may involve unauthorized access to data held by an outside service provider.
Posted: Mar 27, 2020
Trade credit insurers will likely see significant losses due to travel bans, disruptions and a volatile economy amid the COVID-19 pandemic, A.M. Best & Co. said in a report Friday.
Posted: Mar 27, 2020
The coronavirus outbreak’s impact on policyholders continues to dominate the news. The only non-pandemic story to make this week’s Top 10 concerns Pacific Gas & Electric’s pleading guilty to 84 involuntary manslaughter counts related to the 2018 Camp...
Posted: Mar 27, 2020
The Transported Asset Protection Association said that supply chain losses due to cargo thefts doubled year-over-year to more than €137 million ($150 million) in Europe, the Middle East and Africa in 2019.
Posted: Mar 27, 2020
Insurance Australia Group Ltd. plans to allow small businesses, with annual turnover of less than $50 million Australia ($30 million), to defer premiums for six months if they are experiencing financial hardship due to the coronavirus outbreak.
Posted: Mar 27, 2020
The Philippine Institute of Volcanology and Seismology said that an earthquake of magnitude 6.1 rocked Sarangani province on March 26.
Posted: Mar 27, 2020
Tim Grafton, chief executive of the Insurance Council of New Zealand, said that the council's members have been deemed "essential services" during the lockdown in the country due to the coronavirus outbreak.
Posted: Mar 27, 2020
Renowned Napa Valley restaurant The French Laundry on Wednesday became the latest business to seek a ruling that its business interruption policy covers coronavirus-related losses.
Posted: Mar 26, 2020
A putative class action lawsuit was filed Thursday against a New York gym operator because it is allegedly continuing to charge its members monthly fees, even though its gyms are closed because of the coronavirus shutdown.
Posted: Mar 26, 2020
Ohio lawmakers have joined New Jersey in introducing a bill that would force insurers to retroactively cover business interruption losses arising from COVID-19.
Posted: Mar 26, 2020
The recent filing of coronavirus-related securities class actions suggests the pandemic will affect future securities litigation, says an official of Cornerstone Research Inc., which released its latest accounting securities class action report Wedne...
Posted: Mar 26, 2020
Hollywood icon Tom Hanks and his wife Rita Wilson recently tweeted that they had been diagnosed with coronavirus while in pre-production on an Elvis Presley movie directed by Baz Luhrmann in Queensland, Australia.
Posted: Mar 26, 2020
Workers compensation pharmacy benefit manager Preferred Medical has promoted Amy Wrightsel to chief executive officer, effective immediately, the Louisville, Kentucky-based company announced Thursday.
Posted: Mar 26, 2020
Enthusiasts of Netflix’s “Tiger King” docuseries now have one more surprise twist in the plot not a part of the original seven-part show that’s taking quarantined communities by storm.
Posted: Mar 26, 2020
Lloyd’s of London Chief Executive John Neal said Thursday it was too early to estimate the impact of COVID-19 losses on the market, but that there was no undue concern around solvency as the market reported a return to profit for 2019.
Posted: Mar 26, 2020
(Reuters) — An international group of nearly 400 volunteers with expertise in cybersecurity formed on Wednesday to fight hacking related to the novel coronavirus.
Posted: Mar 26, 2020
An international group of nearly 400 volunteers with expertise in cybersecurity formed on Wednesday to fight hacking related to the novel coronavirus.
Posted: Mar 26, 2020
(Reuters) — Britain's lawmakers have piled more pressure on insurers to show flexibility to businesses and customers making claims during the coronavirus epidemic that has shut down most of the economy.
Posted: Mar 26, 2020
Croatia’s financial services regulator has told insurance companies to stop paying dividends as part of efforts to ensure there is enough liquidity in the country’s financial system during the coronavirus crisis and following an earthquake that hit Z...
Posted: Mar 26, 2020
South Australia's Environment Protection Authority will prosecute Belgium-based mining firm Nyrstar Port Pirie Pty. Ltd. for an acid leak from its Port Pirie lead smelter.
Posted: Mar 26, 2020
Thai Airways International PLC has suspended flights to a majority of destinations from March 25 until May 31 in the wake of the coronavirus outbreak.
Posted: Mar 26, 2020
Yasuzo Kanasugi, chairman of the General Insurance Association of Japan, has said that the association has been studying various common issues related to natural catastrophes to improve insurers’ responses.
Posted: Mar 26, 2020
The U.K. Foreign and Commonwealth Office said that the United Arab Emirates has suspended all flights from March 24 in the wake of the coronavirus outbreak.
Posted: Mar 26, 2020
Dody Achmad Sudiyar Dalimunthe, executive director of the Indonesian General Insurance Association, said that the government's decision to revoke a regulation making it compulsory for coal exporters to use locally registered vessels would negatively...
Posted: Mar 26, 2020