Business Insurance
Denmark-based shipping firm A.P. Moller-Maersk AS has launched cargo insurance in Spain in partnership with Ireland-based Zurich Insurance PLC.
Posted: Mar 20, 2020
Estelle Pearson, a principal at Australia-based analytics consulting firm Finity Consulting Pty. Ltd., said that the general insurance industry will not be heavily affected by the coronavirus outbreak.
Posted: Mar 20, 2020
The General Insurance Association of Japan said that local insurers have paid out more than $9 billion in claims related to typhoons Faxai and Hagibis as well as heavy rains that followed the storms in Japan last year.
Posted: Mar 20, 2020
Russian National Reinsurance Co.'s premiums increased 20% year-over-year to more than 3 billion Russian rubles ($37 million) in 2019.
Posted: Mar 20, 2020
New Zealand-based casino operator SkyCity Entertainment Group Ltd. has lost $55 million New Zealand ($32 million) due to a decline in tourism in the wake of the coronavirus outbreak.
Posted: Mar 20, 2020
The Association of British Insurers has said that most local firms that suffer sales loss due to the coronavirus outbreak are not protected by their insurance policies.
Posted: Mar 20, 2020
A Markel Corp. unit is entitled to recover the $260,000 settlement it paid on behalf of a Colorado addiction treatment center and other expenses because of the center’s fraud, said a federal appeals court Wednesday, in affirming a lower court ruling.
Posted: Mar 19, 2020
As some U.S. lawmakers move to force insurers to cover business interruption losses arising from COVID-19, there was no consensus Thursday on whether a federal backstop for pandemic losses is needed.
Posted: Mar 19, 2020
Riskonnect Inc., which provides integrated risk management services, has released a coronavirus tracker to help its customers address risk impacts caused by COVID-19, the Kennesaw, Georgia-based firm said Thursday.
Posted: Mar 19, 2020
Riskonnect Inc. has released a coronavirus tracker to help its customers address risk impacts caused by COVID-19, the Kennesaw, Georgia-based technology firm said Thursday.
Posted: Mar 19, 2020
A worker failed to show his car accident and subsequent heart attack were compensable, the Mississippi Court of Appeals held Tuesday.
Posted: Mar 19, 2020
A worker who was injured in a trench collapse as a school construction site in LaPlace, Louisiana, can’t sue the engineering firm contracted with the school district, a Louisiana appeals court ruled Tuesday.
Posted: Mar 19, 2020
Axa XL, a division of Axa SA, has launched insurance coverage designed to cover the risks associated with autonomous vehicles, the company said in a statement Thursday.
Posted: Mar 19, 2020
A Louisiana bank cannot recover the $11.7 million settlement it reached with the federal government under its professional liability coverage with Chubb Ltd. and Travelers Cos. Inc. units because the government was not the bank’s client, said a feder...
Posted: Mar 19, 2020
Due to disruptions at numerous companies caused by the coronavirus outbreak, Business Insurance has extended the nomination deadline for its 2020 Break Out Awards to March 31.
Posted: Mar 19, 2020
A physical therapist who suffered a traumatic brain injury in a car accident is not entitled to workers compensation benefits because he was not an employee, the Arkansas Court of Appeals in Little Rock held Wednesday.
Posted: Mar 19, 2020
(Reuters) — As people disperse to their homes to work and study because of the coronavirus pandemic, taking their laptops and company data with them, cybersecurity experts say hackers will follow, seeking to take advantage and infiltrate corporations...
Posted: Mar 19, 2020
Lloyd’s of London will close its underwriting room, effective 4 p.m. local time on Thursday.
Posted: Mar 19, 2020
Insurers should give California policyholders at least a 60-day grace period to pay insurance premiums amid disruption from the COVID-19 pandemic, Insurance Commissioner Ricardo Lara said Wednesday.
Posted: Mar 19, 2020
The European Insurance and Occupational Pensions Authority said that insurers are likely to face difficulty in navigating challenging market conditions and maintaining operations as the continent becomes the new epicenter of the coronavirus outbreak.
Posted: Mar 19, 2020
Experts said that the U.K.'s automotive industry may never recover from the coronavirus crisis as carmakers continue to halt operations across Europe.
Posted: Mar 19, 2020
A fire at Pengerang Refining and Petrochemical's oil refining complex in southern Malaysia has killed five people.
Posted: Mar 19, 2020
The Financial Services Authority of Indonesia is preparing the insurance sector to meet the requirements of Aceh Province's Islamic law of 2018 concerning Shariah financial institutions.
Posted: Mar 19, 2020
Swiss Re Ltd. has appointed Yau Siew Choi as head of property/casualty solutions for the Asia Pacific region.
Posted: Mar 19, 2020
A 6.4-magnitude earthquake struck south of Bali in Indonesia on March 18.
Posted: Mar 19, 2020