Business Insurance
Allianz Global Corporate & Specialty SE has appointed Robert Ter Morshuizen as head of property, energy and construction for Africa.
Posted: Mar 26, 2020
Mexico's economy ministry suffered a cyber attack on some of its servers on March 22, but said that no sensitive information was compromised.
Posted: Mar 26, 2020
A 19-year police officer who is almost blind in one eye is not necessarily incapable of performing his essential duties, said a federal appeals court Tuesday, in reinstating the policeman’s Americans with Disabilities Act claim.
Posted: Mar 25, 2020
Lawmakers in Ohio and New Jersey on Monday introduced coronavirus legislation that could affect workers compensation.
Posted: Mar 25, 2020
Businesses need to carefully review every element of their property and business interruption insurance policies to determine whether they will respond to losses due to temporary shutdowns during the COVID-19 pandemic, Marsh LLC experts said Wednesda...
Posted: Mar 25, 2020
An attorney risk retention group is not obligated to indemnify a $1.4 million court award in a case in which an attorney was charged with excessive and reckless stock trading of trust’s assets, says a federal appeals court, in affirming a lower court...
Posted: Mar 25, 2020
A federal appeals court on Tuesday affirmed the dismissal of a lawsuit against the creators of aloe vera skincare products over allegations of not containing enough aloe vera, ruling the case itself contained a “dearth of evidence.”
Posted: Mar 25, 2020
The wife of a sheriff’s deputy killed while not on official duty but driving his patrol car is eligible for survivor benefits, the Supreme Court of Texas ruled Friday.
Posted: Mar 25, 2020
The number of U.S.-based Marsh LLC clients that purchased cyber insurance increased to 42% in 2019, from 38% in 2018, the broker said in a report issued Wednesday.
Posted: Mar 25, 2020
K2 Insurance Services LLC named Mark Smith president, the San Diego-based program manager said in a statement Wednesday.
Posted: Mar 25, 2020
Uncertainties over emerging workers compensation presumption laws in states aiming to cut red tape for first responders to qualify for benefits for cancer or post-traumatic stress disorder have at least two payers making changes to pricing and availa...
Posted: Mar 25, 2020
The Insurance Council of Australia expects claims related to hailstorms that hit the southeastern region of Australia in January to total $1.2 billion Australia ($700 million), making it one of the most costly hail events in the country's history.
Posted: Mar 25, 2020
The General Insurance Association of Singapore has said that the sector's gross written premiums grew nearly 8% year-over-year to more than $4 billion Singapore ($2.8 billion) in 2019.
Posted: Mar 25, 2020
China Pacific Insurance (Group) Co. Ltd.'s net premiums increased 4.5% year-over-year to more than 313 billion Chinese yuan ($44 billion) in 2019, compared with nearly CNY 300 billion in 2018.
Posted: Mar 25, 2020
Indian Railways is expected to face losses of around 17 billion Indian rupees ($223 million) due to cancellations of passenger train routes across the country until March 31.
Posted: Mar 25, 2020
The Colombian Mining Association has said that local mining firms plan to reduce operations to slow the spread of coronavirus.
Posted: Mar 25, 2020
The Saudi Cooperative Reinsurance Co.'s pre-tax profit increased more than four-fold year-over-year to surpass 59 million Saudi riyal ($15.6 million) in 2019.
Posted: Mar 25, 2020
Pirates attacked container vessel MSC Talia F off the coast of Gabon on March 22 and kidnapped seven of the 17 Ukrainian crew members.
Posted: Mar 25, 2020
The U.S. Geological Survey has said that an earthquake of magnitude 7.5 hit off Russia's Kuril Islands on March 25.
Posted: Mar 25, 2020
Posted: Mar 24, 2020
(Reuters) — Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a postponement, industry sources say.
Posted: Mar 24, 2020
(Reuters) – A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance.
Posted: Mar 24, 2020
Property and casualty policies may be exposed to claims due to losses stemming from the coronavirus outbreak, experts said in a webinar Tuesday.
Posted: Mar 24, 2020
Commercial policyholders should file business interruption and workers compensation claims for coronavirus-related losses immediately, regardless of concerns over policy exclusions, a brokerage claims expert said.
Posted: Mar 24, 2020
Legislation is in the works that would provide a go-forward mechanism for a federal backstop for pandemic risk insurance and could be introduced as soon as in the next 30 days, sources say.
Posted: Mar 24, 2020