Business Insurance
Business associations for top U.S.-listed companies have pushed back against a landmark proposal by the Securities and Exchange Commission to make corporate America disclose a range of greenhouse gas emission figures.
Posted: Jun 22, 2022
A Liberty Mutual Insurance Co. unit does not have to pay a judgment against a now-bankrupt clothing retailer based on a prior acts exclusion in its coverage, a federal appeals court said Wednesday, affirming a lower court ruling.
Posted: Jun 22, 2022
A discrimination case brought by three Black coaches accusing the National Football League of racist hiring should be resolved in a closed arbitration proceeding rather than in open court, the league said in court papers late Tuesday.
Posted: Jun 22, 2022
Russian government hackers recently carried out multiple cyber espionage operations targeting countries allied with Ukraine since its February invasion, Microsoft said in a report on Wednesday, illustrating the scale of Moscow’s ongoing hacking activ...
Posted: Jun 22, 2022
Acrisure LLC said Wednesday it has acquired Russell Scanlan Ltd., a commercial insurance brokerage and risk manager based in Nottingham, England.
Posted: Jun 22, 2022
Aura Underwriting, a subsidiary of U.K.-based specialty managing general agency Rokstone Group Ltd., has launched a pan-Caribbean parametric product which offers reinsurance protection against damage from hurricanes in the region.
Posted: Jun 22, 2022
Aggregate gross direct premiums of 33 nonlife insurers in India increased nearly 23% year-on-year to 336.8 billion Indian rupees ($4.7 billion) in April and May.
Posted: Jun 22, 2022
Fitch Ratings Inc. said that Turkish insurers are facing one of the most challenging operating environments in a decade that could adversely affect their capital adequacy and earnings.
Posted: Jun 22, 2022
A group of customers has filed a class-action lawsuit against car making partners Renault SA and Nissan Motor Co. Ltd. in France for faulty 1.2 liter gasoline engines that were fitted in 400,000 European vehicles between 2012 and 2016.
Posted: Jun 22, 2022
State-owned reinsurer General Insurance Corporation of India has agreed to participate in the new 5 billion Indian rupees ($64 million) fertilizer insurance pool created by a group of Indian insurers to insure fertilizer and oil and gas imports from...
Posted: Jun 22, 2022
Germany faces an inevitable recession if Russian gas supplies come to a complete halt.
Posted: Jun 22, 2022
A new report by the National Council on Compensation Insurance found that three state trends could impact the industry moving forward: independent contractors/gig economy, single-payer health insurance and the legalization of marijuana.
Posted: Jun 22, 2022
A federal appeals court has reinstated an age discrimination lawsuit filed by a worker who was the alleged victim of a “relentless and ruthless” age-based harassment campaign, in a divided opinion.
Posted: Jun 21, 2022
AmTrust Financial Services Inc. on Tuesday said Jeff Duncan has joined the company from Liberty Mutual Insurance Co. as executive vice president, commercial lines.
Posted: Jun 21, 2022
A New Jersey state appeals court, ruling on six COVID-19-related business interruption cases, held Monday that policies issued by several insurers did not cover business losses incurred by policyholders that were forced to close or limit their operat...
Posted: Jun 21, 2022
CAC Specialty said Tuesday it hired Gabe Levitt, formerly of Marsh LLC, as executive vice president with its private equity team.
Posted: Jun 21, 2022
Insurers and the federal government’s terrorism risk insurance may not be able to cover cyberattacks that target critical infrastructure, with cyber insurers having taken steps to limit their losses in such cases, says the U.S. Government Accountabil...
Posted: Jun 21, 2022
A Black former elevator operator at Tesla Inc.'s flagship California assembly plant on Tuesday rejected a $15 million award in his lawsuit alleging racial abuse by co-workers, opening the door for a new trial after a judge slashed a $137 million jury...
Posted: Jun 21, 2022
Safety National Casualty Corp. said Tuesday that former president Duane Hercules has become CEO, succeeding former chairman and CEO Mark Wilhelm, who has been named executive chairman of the company.
Posted: Jun 21, 2022
Long COVID, with its varying and unpredictable symptoms and no known cure, leaves health care providers vulnerable to liability risks stemming from misdiagnoses, medical malpractice insurer The Doctors Co. said in a report released Tuesday.
Posted: Jun 21, 2022
Roddy Barnett, head of political and trade credit risks at Beazley, discusses the insurer's recent report on risk and resilience and how companies can better manage their political risk exposures.
Posted: Jun 21, 2022
Marsh & McLennan Cos. Inc. said Tuesday it has promoted two executives to newly created senior leadership roles, effective July 1.
Posted: Jun 21, 2022
Former Tesla Inc. employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a “mass layoff” violated federal law as the company did not provide advance notice of the job cuts.
Posted: Jun 21, 2022
The U.S. Supreme Court on Tuesday rejected a challenge brought by a former Xerox Corp. executive and backed by Elon Musk to a Securities and Exchange Commission rule requiring people who agree to settlements with the agency not to deny its allegation...
Posted: Jun 21, 2022
Data from the Slovak Insurance Association said that aggregate gross written premium of its member insurers in Slovakia increased by more than 4% year-on-year to €679.5 million ($713 million) in the first quarter of the year.
Posted: Jun 21, 2022