Business Insurance
Ring? Rong? Ring? Wrong! A man named Teo Jian Rong had fun with it, anyway, trolling on the internet an insurance agent named Shirley who could not get his name right in a request to work for the unnamed firm as a financial services consultant.
Posted: Mar 12, 2020
U.K.-based insurance broker EC3 Brokers Ltd. on Thursday named brothers Matthew, David and Daniel Jeffery to head up its newly launched London-based U.S. property wholesale division.
Posted: Mar 12, 2020
American International Group Inc. said Thursday that Jonathan Wismer, the insurer’s deputy chief financial officer and chief accounting officer is leaving, effective March 31, and the insurer named his predecessor as his successor.
Posted: Mar 12, 2020
(Reuters) — Chinese nonlife insurers are discovering a silver lining to the cloud spreading over China's economic performance from the coronavirus outbreak — a sharp drop in car accident claims.
Posted: Mar 12, 2020
Posted: Mar 12, 2020
Pierre Lescure, president of the Cannes Film Festival, has turned down an offer by the event's insurer U.K.-based Circle Insurance Services Ltd. to take a buy-back option to cover the festival against epidemics and pandemics.
Posted: Mar 12, 2020
Hong Kong-based The Bank of East Asia Ltd. is considering the sale of its insurance assets for more than $1 billion.
Posted: Mar 12, 2020
A report by U.K.-based law firm Clyde & Co. said that insurance mergers and acquisitions are few and far between in the Middle East despite new regulatory requirements to increase capital.
Posted: Mar 12, 2020
Mexican officials have said that local automobile factories might have to suspend production as the coronavirus outbreak disrupts shipments of key parts from China.
Posted: Mar 12, 2020
Germany-based reinsurer Hannover Re SE's gross written premiums increased nearly 18% to €22.6 billion ($25.5 billion) last year.
Posted: Mar 12, 2020
Malaysia-based Etiqa Insurance Berhad has launched operations in Cambodia.
Posted: Mar 12, 2020
Coronavirus has no business in business conferencing, as the Council on Foreign Relations announced that it is canceling Friday’s roundtable event in New York — “Doing Business Under Coronavirus” — because of the virus threat.
Posted: Mar 11, 2020
The Occupational Safety and Health Administration released on Monday guidance to help employers prepare their workplaces for an outbreak of COVID-19 — along with a reminder that any incidents of employees contracting the novel coronavirus at work are...
Posted: Mar 11, 2020
The effects on property/casualty insurers of the novel coronavirus will manifest more in investment returns than claims, according to a report Wednesday from investment banking company Piper Sandler & Co.
Posted: Mar 11, 2020
A truck driver involved in an accident in 2018 while delivering ice is not eligible for workers compensation because he was not wearing a seatbelt, an appeals court in Virginia ruled Tuesday.
Posted: Mar 11, 2020
A retired firefighter is entitled to workers compensation for his heart disease, the Supreme Court of Connecticut held Tuesday.
Posted: Mar 11, 2020
Trade credit insurers are currently reviewing their exposures and will likely limit coverage amid the growing economic fallout from the coronavirus outbreak, Marsh LLC experts said Wednesday.
Posted: Mar 11, 2020
Trade credit insurers are currently reviewing their exposures and will likely limit coverage amid the growing economic fallout from the coronavirus outbreak, Marsh LLC experts said Wednesday.
Posted: Mar 11, 2020
A federal appeals court reinstated a disability discrimination case filed by a former poultry producer worker who was denied an interview after he sought re-employment at the firm.
Posted: Mar 11, 2020
Maryland’s Senate passed a bill Tuesday that would require the state’s Injured Workers Insurance Fund to be used as a third-party administrator for the workers compensation claims of state workers and allows the fund to use workers from the state’s n...
Posted: Mar 11, 2020
Oklahoma lawmakers passed bills on Tuesday that would make an injured worker’s failure to report a material change in income a felony and place liability for cumulative trauma injuries on former employers.
Posted: Mar 11, 2020
A federal appeals court Tuesday affirmed a lower court ruling in favor of a Hartford Financial Services Group Inc. unit, holding that a privacy exclusion applied in a coverage dispute with a personal injury law firm.
Posted: Mar 11, 2020
A poisonous spider bite suffered by a university administrative assistant in 2018 is a compensable workers compensation injury, as the woman’s previous reports of spiders in her building proves her employer exposed her to the risk of spider bites, an...
Posted: Mar 11, 2020
(Reuters) — Margaret Bordelon can still feel the hands of the drunk man who tried to pull her in for a kiss at the end of his Uber ride last September in Lafayette, Louisiana.
Posted: Mar 11, 2020
(Reuters) — The top U.S. securities regulator has increased its scrutiny of private funds that make higher-risk loans over the last two years, according to a Reuters review of SEC actions and industry and regulatory sources — just as fears of a globa...
Posted: Mar 11, 2020