Business Insurance
South Korea-based Hana Financial Group Inc. plans to acquire The-K Non-Life Insurance Co. Ltd. has hit a roadblock due to differences over a possible restructuring of the insurer.
Posted: Jan 30, 2020
Plaintiffs filed 428 new class action securities cases in federal and state courts in 2019, which was the most on record and nearly double the 1997-2018 average, says a report issued Wednesday.
Posted: Jan 29, 2020
MIAMI – Gig economy risks are a natural fit for the alternative risk transfer market, a panel of experts said.
Posted: Jan 29, 2020
A U.S. District Court has agreed to rescind an accountants professional liability policy issued by a Hanover Insurance Group Inc. unit to a tax preparation service because of misrepresentations and omissions in its renewal application.
Posted: Jan 29, 2020
In a batch of reform measures pre-filed in the last week, lawmakers in Oklahoma are considering legislation that would make such changes that would revamp the state’s Second Injury Fund, would add clarity to the state’s law when it comes to workers c...
Posted: Jan 29, 2020
A risk retention group unit’s property policy, which was transferred upon a property’s sale without its knowledge or permission, is void, says a federal appeals court, in affirming a lower court ruling.
Posted: Jan 29, 2020
The risks of low morale on the job run the gamut, from low productivity to absenteeism, and downright quitting — never a goalpost when it comes to keeping employees happy and on the job.
Posted: Jan 29, 2020
Lawmakers in Alabama are among the latest to propose amending workers compensation code to allow benefits for post-traumatic stress disorder for first responders.
Posted: Jan 29, 2020
W.R. Berkley Corp. on Tuesday reported a 9.9% decrease in net income, to $119.3 million, in the fourth quarter of 2019.
Posted: Jan 29, 2020
(Reuters) — The U.S. Interior Department is grounding its fleet of about 800 Chinese-made drones but will allow their use for emergency situations, the department said on Wednesday.
Posted: Jan 29, 2020
(Reuters) — OxyContin maker Purdue Pharma LP and its controlling Sackler family have been negotiating with cities, counties and states on a proposed settlement worth an estimated $10 billion to resolve more than 2,600 lawsuits alleging they helped fu...
Posted: Jan 29, 2020
Arceo.ai has named Mike Convertino to the newly created position of chief security officer, the San Francisco-based cyber security technology company said Wednesday.
Posted: Jan 29, 2020
Employers worried about their workers filing bogus workers compensation claims for injuries that didn’t happen on the job or workers staying out too long on a comp injury might want to re-examine their benefits portfolio: Are deductibles too high? Do...
Posted: Jan 29, 2020