Business Insurance
A federal appeals court overturned a lower court Tuesday and held a plaintiff who charged a Connecticut motel with violating the Americans with Disability Act cannot pursue her litigation because she had no definite plans to visit the facility.
Posted: Jul 05, 2022
Terri Rhodes, CEO of Disability Management Employer Coalition, discusses how absence management has evolved and the challenges employers face in navigating disability benefits.
Posted: Jul 05, 2022
JPMorgan Chase & Co. will have to pay an $850,000 penalty to the U.S. Commodity Futures Trading Commission for allegedly failing to report certain foreign currency swaps, the regulator said Tuesday.
Posted: Jul 05, 2022
Blank-check firm Digital World Acquisition Corp. said on Friday former U.S. President Donald Trump’s social media firm was served with two separate subpoenas over its merger plans.
Posted: Jul 05, 2022
Average U.S. commercial property/casualty rates rose 5.9% in the second quarter, MarketScout Corp. reported Tuesday.
Posted: Jul 05, 2022
An attorney charged with embezzling funds from lottery winners is entitled to defense costs under his professional liability policy, a U.S. District Court ruled last week.
Posted: Jul 05, 2022
Transport unions in Peru have called for an indefinite nationwide strike starting July 4, which is likely to cause business and transport disruptions, especially in Lima and Callao.
Posted: Jul 05, 2022
More than 100 flights to and from Lisbon airport in Portugal were canceled over the weekend, affecting thousands of travelers, with some blaming the cancelations on the country’s flag carrier TAP Air Portugal.
Posted: Jul 05, 2022
Ireland-based Ardonagh Europe, a subsidiary of U.K.-based insurance broker The Ardonagh Group Ltd., has agreed to acquire Netherlands-based insurance broker and consultancy services provider Leons Group.
Posted: Jul 05, 2022
A report by Swiss Re Institute said that China is increasing its resilience against natural catastrophes, with the government and insurers taking collaborative measures to boost awareness around protection against natural disasters, and mitigate wide...
Posted: Jul 05, 2022
Australian insurer Suncorp Group Ltd. has adjusted its reinsurance program for the fiscal year ending June 30, 2023, raising its natural hazard allowance to $1.16 billion Australian ($790.6 million) after recording significantly high natural disaster...
Posted: Jul 05, 2022
French insurance holding company Axa SA has completed merger with its captive reinsurer, Axa Global Re to facilitate its transformation into an internal reinsurer for its insurance business.
Posted: Jul 05, 2022
Nomination deadline for the 2022 U.S. Insurance Awards is July 11.
Posted: Jul 05, 2022
Marsh & McLennan Agency LLC, the middle-market subsidiary of Marsh LLC, said Tuesday it has acquired CS Insurance Strategies Inc., a Chicago-based minority-owned brokerage.
Posted: Jul 05, 2022
The marijuana companies using Clint Eastwood to sell CBD products are unforgiven, apparently.
Posted: Jul 05, 2022
It is a sanction – and therefore excluded under an attorney’s professional liability coverage – if a court compels a plaintiff lawyer to pay a defendant attorney’s fees for filing a frivolous complaint, a federal appeals court said Friday, in affirmi...
Posted: Jul 05, 2022
Major U.S. drug distributors McKesson Corp., AmerisourceBergen Corp. and Cardinal Health Inc. are not responsible for fueling an opioid epidemic in a part of West Virginia, a federal judge ruled Monday.
Posted: Jul 05, 2022
The Utah Supreme Court on Thursday overturned a denial of benefits to a truck driver for blood clots he developed after making a three-day trip to California.
Posted: Jul 05, 2022
Commercial property insurance buyers should prepare well in advance of renewals and ensure their valuations are accurate to better manage the impact of inflation on the cost of their property insurance programs.
Posted: Jul 05, 2022
A survey by France-based consultancy firm Capgemini SE found that nearly half of the manufacturers still do not prioritize cyber security for their smart factories despite growing cyber threats.
Posted: Jul 04, 2022
The Ecuadorian Federation of Exporters said the non-oil export sector has suffered an estimated $85 million in aggregate loss, as of June 28, from the nationwide protest that began in mid-June.
Posted: Jul 04, 2022
Data from the Insurance Association of Cyprus said that local insurers’ aggregate gross written premium increased almost 13% year-on-year to €273.6 million ($286 million) in the first quarter of the year.
Posted: Jul 04, 2022
Analysts at A.M. Best Co. Inc. said Kazakhstan’s insurance market demonstrated great resilience against COVID-19 related economic challenges, recording over 43% year-on-year growth in total gross written premium to 815 billion Kazakhstani tenge ($1.9...
Posted: Jul 04, 2022
Christos Adamantiadis, CEO Middle East and Africa at Marsh LLC, said that soaring inflation has made it difficult for companies to accurately estimate the value of their assets and subsequent business interruption costs.
Posted: Jul 04, 2022
Bosnia and Herzegovina-based insurer Central Osiguranje dd is looking to merge with local counterpart ASA Osiguranje dd.
Posted: Jul 04, 2022