Business Insurance
(Reuters) — Israel’s NSO Group is asking a California judge to sanction Facebook Inc. for allegedly failing to abide by international law with regards to its lawsuit against the spyware maker.
Posted: Mar 11, 2020
Opioid dispensing in workers compensation continues to be a hot issue as experts see the number of prescriptions continue to decrease in favor of physical medicine, non-opioid medications and behavioral interventions to treat pain.
Posted: Mar 11, 2020
U.K.-based insurance broker Aon PLC expects natural catastrophe-related claims to surpass $3 billion in Europe in February.
Posted: Mar 11, 2020
A report by U.K.-based law firm Clyde & Co. said that insurance mergers and acquisitions have been subdued in China despite a slew of regulatory developments designed to make it easier for foreign players to enter the market.
Posted: Mar 11, 2020
U.S.-based automobile auction firm Manheim Inc.'s Australian branch suffered a cyber attack on Feb. 14, and has been asked to pay a ransom of $30 million Australia ($20 million) to unlock its computer system.
Posted: Mar 11, 2020
U.K.-based British Airways PLC and Irish airline Ryanair DAC plan to suspend all flights to and from Italy after the entire nation was placed in lockdown to contain the coronavirus outbreak.
Posted: Mar 11, 2020
U.S.-based Nike Inc. is reviewing its supply chain in China to assess potential risks after allegations of forced labor involving the country's Uighur Muslim minority group.
Posted: Mar 11, 2020
An analysis by U.S.-based credit rating agency Fitch Ratings Inc. concluded that Japanese insurers would experience minimal insured losses related to the coronavirus outbreak, but would instead face greater market risks such as interest rates, equiti...
Posted: Mar 11, 2020
Two earthquakes of more than 5 magnitude shook Chile and Ecuador on March 10.
Posted: Mar 11, 2020
The Association of British Insurers expects insurance payouts for storms Dennis and Ciara to surpass £360 million ($468 million).
Posted: Mar 11, 2020
Following travel restrictions imposed by several insurance industry companies and the decision by state authorities to declare a state of emergency, Business Insurance announced Monday that the U.S. Insurance Awards event due to be held March 12 in N...
Posted: Mar 10, 2020
A highly anticipated trial pitting New York state against McKesson Corp., Johnson & Johnson, CVS Health Corp. and others for allegedly fueling the opioid epidemic has been postponed due to the coronavirus outbreak, according to the court.
Posted: Mar 10, 2020
A federal appeals court has reinstated the age discrimination lawsuit filed by a former Connecticut police department clerk in a case that stemmed from a missing can of biscuit dough.
Posted: Mar 10, 2020
Half of insurers rated by A.M. Best were assessed to have moderate innovation capability and less than 11% scored in the top two tiers of its new criteria, the Oldwick, New Jersey-based ratings agency said in a report Tuesday.
Posted: Mar 10, 2020
Half of insurers rated by A.M. Best were assessed to have moderate innovation capability and less than 11% scored in the top two tiers of its new criteria, the Oldwick, New Jersey-based ratings agency said in a report Tuesday.
Posted: Mar 10, 2020
A mental health facility worker cannot sue her employer for negligence over a 2014 attack by a patient, an incident that resulted in a workers compensation settlement, an appeals court in Pennsylvania ruled Monday.
Posted: Mar 10, 2020
A federal appeals court affirmed a lower court ruling in favor of an American International Group Inc. unit Monday in a case involving a damaged plane, holding coverage was not available under its policies because there was no property damage caused...
Posted: Mar 10, 2020
The widow of a truck driver killed by a forklift may pursue her duty of care cases against the farm where the incident occurred and the company that owned the forklift, a Georgia appellate court held Monday.
Posted: Mar 10, 2020
Marsh LLC has named Brian Hanuschak CEO of managing general underwriter Victor Insurance Holdings, Marsh said in a statement Tuesday.
Posted: Mar 10, 2020
(Reuters) — A U.S. jury in California on Monday awarded the drivers of four Volkswagen AG vehicles a total of $100,000 as punitive damages for being sold diesel vehicles that emitted excess pollution, although the amount awarded was a fraction of wha...
Posted: Mar 10, 2020
As addressed in the Chicago Sun-Times late Monday: Will it still be the Willis Tower? The press release on the planned $30 billion Aon PLC purchase of rival Willis Towers Watson PLC doesn’t cover it. And an Aon spokeswoman on Monday did not wish to...
Posted: Mar 10, 2020
Aon PLC has accused the founder of Brazilian health and benefits insurance broker Admix of defrauding it when it acquired the company four years ago in a 1.35 billion reais ($300 million) deal, according to arbitration and court documents reviewed by...
Posted: Mar 10, 2020
Businesses should brace themselves for a likely flood of shareholder suits related to the new coronavirus outbreak, but the success of any litigation may depend on companies’ willingness to fully disclose directors and officers liability-related risk...
Posted: Mar 10, 2020
Beijing municipal authorities plan to exempt or reduce more than 50 billion Chinese yuan ($7.2 billion) worth of commercial insurance premiums this year amid the coronavirus outbreak.
Posted: Mar 10, 2020
Swiss catastrophe loss data provider Perils AG expects property claims related to European windstorms Dragi and Eberhard to total €782 million ($883 million).
Posted: Mar 10, 2020