Business Insurance
Argo Group International Holdings Ltd. on Thursday named Thomas A. Bradley as CEO, replacing Kevin J. Rehnberg, who had been on leave for health reasons since March.
Posted: Jun 24, 2022
The Monetary Authority of Singapore has approved Bermuda-based reinsurer Everest Re Group Ltd.’s insurance division application to operate in Singapore.
Posted: Jun 24, 2022
Walgreens Boots Alliance Inc. agreed to pay $105 million to settle a long-running class-action lawsuit accusing it of misleading shareholders about how rising generic drug prices and reimbursement pressures would hurt its pharmacy business.
Posted: Jun 24, 2022
A report by U.S.-based credit ratings agency S&P Global Ratings Inc. said property and casualty insurers in Australia are expected to post about 6% growth in gross written premiums per year across commercial and personal lines.
Posted: Jun 24, 2022
Russian media and communications regulator Roskomnadzor said that U.S.-based Google LLC may be fined up to 10% of its turnover in Russia for repeated failures to delete banned content.
Posted: Jun 24, 2022
Analysts at A.M. Best Co. Inc. have warned London market insurers and reinsurers against the claims impact of surging costs of lawsuits and court judgments.
Posted: Jun 24, 2022
The Workers Compensation Research Institute reported the use of telemedicine services that increased substantially in the second quarter of 2020 was already decreasing by the third quarter and has stabilized in subsequent quarters.
Posted: Jun 24, 2022
An Italian company’s hacking tools were used to spy on Apple Inc. and Android smartphones in Italy and Kazakhstan, Alphabet Inc.’s Google said in a report Thursday.
Posted: Jun 23, 2022
A bipartisan group of U.S. senators plans to introduce legislation on Thursday that would give the Biden administration the power to block exports of U.S. personal data to countries like China that they say pose national security risks.
Posted: Jun 23, 2022
California’s top state court has agreed to decide whether employers can be held liable under state law when their workers contract COVID-19 on the job and spread it to their relatives.
Posted: Jun 23, 2022
Lockton Re, the reinsurance business of broker Lockton Cos. LLC, said Thursday that Kathy McCann has joined from Guy Carpenter LLC as senior broker.
Posted: Jun 23, 2022
A U.S. appeals court on Thursday threw out a more than $2.75 billion award against Cisco Systems Inc., saying the trial judge should have disqualified himself after learning that his wife owned Cisco stock.
Posted: Jun 23, 2022
A former electrician who was claiming benefits for a 2013 injury evidently forgot the internet era’s first rule of disability fraud – don’t let anyone post anything about you on social media ever.
Posted: Jun 23, 2022
Insurance sector deal activity has slowed by almost a third in the front half of 2022 but is expected to turn back up, according to a report Thursday from PricewaterhouseCoopers LLP.
Posted: Jun 23, 2022
The California Assembly Insurance Committee passed a bill that would shave 15 days off the time that employers have to accept liability on first responders’ claims for conditions that are presumed to arise out of employment.
Posted: Jun 23, 2022
Specialty Lloyd's of London reinsurance broker MNK Re Ltd. has named Steven Oluoch as chief executive of its new subsidiary located in Nairobi, Kenya.
Posted: Jun 23, 2022
Lebanese reinsurance broker Chedid Re has signed a five-year partnership with U.K.-based catastrophe modeling firm JBA Risk Management Ltd. to offer flood risk insights to its customers.
Posted: Jun 23, 2022
Ongoing semiconductor shortage has forced Netherlands-based carmaker Stellantis NV to suspend production at several factories, with the company announcing it latest production cut at Rennes-La Janais Citroen plant in Brittany, France.
Posted: Jun 23, 2022
Data from Latvia’s Finance and Capital Market Commission showed that local insurers’ aggregate net profit plunged almost 73% year-on-year to €2.8 million ($3 million) in the first quarter of the year.
Posted: Jun 23, 2022
Torrential rainfall in southern and eastern provinces of China, including Guangdong and Jiangxi, has triggered landslides and record-high floods, causing an estimated 470 million Chinese yuan ($70.2 million) in economic damage.
Posted: Jun 23, 2022
Swiss miner Glencore PLC’s British subsidiary Glencore Energy UK Ltd. recently pleaded guilty in a U.K. court to bribery in five African countries to illicitly secure access to crude oil.
Posted: Jun 23, 2022
U.S. prosecutors on Wednesday added a new wire fraud charge to their criminal case accusing Trevor Milton, the founder and former chief executive of Nikola Corp., of defrauding investors by lying about the electric- and hydrogen-powered truck maker.
Posted: Jun 23, 2022
Everest Reinsurance, Everest Re Group Ltd.’s reinsurance division, said Wednesday that Brent Hoffman, formerly Axa XL’s chief claims officer, will join the company as senior vice president, head of claims and chief operations officer at the end of Ju...
Posted: Jun 22, 2022
A New Jersey appeals court that ruled against policyholders on six COVID-19-related business interruption cases on Tuesday followed up with another such ruling against a country club on Wednesday.
Posted: Jun 22, 2022
Willis Towers Watson PLC said Wednesday it has named Elizabeth Carabas and Jennifer Wheeler as global client advocates.
Posted: Jun 22, 2022