Business Insurance
(Reuters) - U.K.-based insurer Aviva PLC shares jumped on Thursday as it posted a record profit in its first year under CEO Maurice Tulloch, although he said the coronavirus outbreak added uncertainty to the outlook.
Posted: Mar 05, 2020
The Association of British Insurers has said that thousands of businesses may not be able to claim losses due to the coronavirus outbreak, despite the government reclassifying the illness as a "notifiable disease."
Posted: Mar 05, 2020
Swiss catastrophe loss data provider Perils AG expects property insurance claims related to the hailstorms that struck Australia in January to total $670 million Australia ($443 million).
Posted: Mar 05, 2020
South Korea-based petrochemical products maker Lotte Chemical Corp. has closed its ethylene cracker plant in Daesan indefinitely following an explosion on March 4.
Posted: Mar 05, 2020
A storm caused heavy rains and landslides on Brazil's southeastern coast and devastated the state of Sao Paolo and neighborhoods on the outskirts of Rio de Janeiro.
Posted: Mar 05, 2020
Health and beauty products retailer Boots U.K. Ltd. has suspended payments using Boots Advantage Card loyalty points in shops and online following a cyber attack.
Posted: Mar 05, 2020
French insurer Axa SA's Indonesian arm has completed the merger of two general insurance subsidiaries PT Asuransi Axa Indonesia and PT Mandiri Axa General Insurance.
Posted: Mar 05, 2020
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Posted: Mar 05, 2020
Workers compensation legal experts say employers can look at past outbreaks and pandemics to try to understand the intersection of workplace injury and coronavirus, but that even history may not provide an accurate picture of what to expect if a pand...
Posted: Mar 04, 2020
Damage consistent with winds up to 165 miles per hour is being found in Nashville and surrounding areas after they were hit by a series of powerful tornadoes early Tuesday, according to industry experts.
Posted: Mar 04, 2020
A federal district court ruled in favor of a Cincinnati Financial Corp. unit Tuesday in coverage litigation filed by a warehouse owner based in part on a pollution exclusion provision in its coverage.
Posted: Mar 04, 2020
Quarterly insurtech funding reached an all-time high of $1.99 billion during the fourth quarter, marking the sixth consecutive quarter over $1.2 billion, according to the Quarterly InsurTech Briefing released Friday by Willis Towers Watson Plc.
Posted: Jan 31, 2020
Marsh & McLennan Agency LLC, the middle-market agency subsidiary of Marsh, has acquired Los Angeles -based Momentous Insurance Brokerage Inc., MMA said in a statement Friday.
Posted: Jan 31, 2020
Marsh & McLennan Agency LLC, the middle-market agency subsidiary of Marsh, has acquired Los Angeles -based Momentous Insurance Brokerage Inc., MMA said in a statement Friday.
Posted: Jan 31, 2020
Marsh & McLennan Agency LLC, the middle-market agency subsidiary of Marsh, has acquired Los Angeles -based Momentous Insurance Brokerage Inc., MMA said in a statement Friday.
Posted: Jan 31, 2020
(Reuters) — Burger King, saying it never billed its "Impossible Whoppers" as vegan or promised to cook them a particular way, said a proposed class action by a vegan customer over the plant-based patties being cooked on the same grills as meat burger...
Posted: Jan 31, 2020
(Reuters) — European planemaker Airbus bribed public officials and hid the payments as part of a pattern of corruption that led to a record $4 billion bribery settlement with France, Britain and the United States, French prosecutors said on Friday.
Posted: Jan 31, 2020
(Reuters) — As Bayer AG tries to settle U.S. lawsuits claiming that its weedkiller Roundup causes cancer, the company is considering a proposal that would bar plaintiffs' lawyers involved in the litigation from advertising for new clients, according...
Posted: Jan 31, 2020
Steven Beard, CEO of London-based Risk Transfer Group, which trades under the RFIB brand, is resigning, effective immediately, said Integro Insurance Brokers Holdings Ltd. on Friday.
Posted: Jan 31, 2020
The “humanization” of pets among millennials will likely be responsible for a spike in the pet insurance market in the next five years, according to a Pet Insurance Market Analysis & Projections to 2025 report.
Posted: Jan 31, 2020
Aon PLC reported fourth-quarter 2019 revenue of $2.9 billion on Friday, a 4% increase from the fourth quarter of 2018, driven by 7% organic revenue growth, as its reinsurance business soared due to strong growth in catastrophe bonds and capital marke...
Posted: Jan 31, 2020
Self-insured Baltimore County is not entitled to medical reimbursements stemming from a workers compensation claimant who won a medical malpractice lawsuit after treatment for his work-related injury, a Maryland appeals court ruled Thursday.
Posted: Jan 31, 2020
Arthur J. Gallagher & Co. on Thursday reported a 19% increase in fourth-quarter brokerage revenue, to $1.19 billion.
Posted: Jan 31, 2020
(Reuters) — Japan's financial institutions must guard against cyberattacks ahead of the 2020 Tokyo Olympic Games, with nearly 40% of banks and other firms experiencing attacks over the past three years, the Bank of Japan said on Friday.
Posted: Jan 31, 2020
The announcement of this year’s Business Insurance U.S. Insurance Awards finalists topped this week’s news. There was also strong interest in Arthur J. Gallagher & Co.’s acquisition of a North Carolina-based regional managing general agency.
Posted: Jan 31, 2020