Business Insurance
The U.K.’s Birmingham Crown Court fined brewery Carlsberg Supply Company UK Ltd. in Northampton £3 million ($3.7 million) over an “explosive release” of ammonia gas that killed one worker and injured around 20 others in November 2016.
Posted: Jun 30, 2022
The U.S. Supreme Court on Thursday turned away Alaska Airlines Inc.’s challenge to being bound by the employment laws of states where its workers are based, the central issue in its legal battle with California-based flight attendants.
Posted: Jun 30, 2022
Specialty broker BMS has hired a casualty team from Tysers to support its international clients.
Posted: Jun 30, 2022
Wealth manager and banking group UBS will pay $25 million to settle fraud charges relating to an options trading strategy, the U.S. Securities and Exchange Commission said on Wednesday.
Posted: Jun 29, 2022
The overall property/casualty insurance industry’s combined ratio is heading for more than 100% for the first time since 2017 due to inflationary pressures, but the commercial lines sector’s combined ratio is expected to remain well below that, Stand...
Posted: Jun 29, 2022
More insureds are recognizing they could become the victims of a cyberattack as insurers adjust their pricing to reflect the risks’ increased frequency and severity, says Marsh LLC in a report issued Wednesday.
Posted: Jun 29, 2022
The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said.
Posted: Jun 29, 2022
Acrisure Re, the reinsurance business of broker Acrisure LLC, said Wednesday that its facultative team has signed a preferred partnership broker agreement for Indian facultative business with Mahindra Insurance Brokers of Mumbai, a subsidiary of Mahi...
Posted: Jun 29, 2022
The Occupational Safety and Health Administration’s National Emphasis Program for worker safety in the COVID-19 pandemic will be extended past its upcoming July expiration date, Doug Parker, OSHA’s assistant secretary of labor, told attendees Wednesd...
Posted: Jun 29, 2022
U.K.-based specialty insurer Beazley PLC is offering global access to additional capacity through its Lloyd's of London Syndicate 4321 to the customers who opt for Marsh LLC’s Environmental, Social, and Governance Risk Rating tool.
Posted: Jun 29, 2022
Insurance broker Marsh Ltd. has launched its Cyber Incident Management service for the customers in the U.K. and Europe.
Posted: Jun 29, 2022
The Chinese National Meteorological Center reissued a yellow alert for rainstorms in several parts of southwest China where heavy rainfall and floods are expected this week.
Posted: Jun 29, 2022
The Frankfurt state prosecutor's office searched eight sites of South Korean carmakers Hyundai Motor Co. and Kia Motors Corp. in Germany and Luxembourg over allegations that the companies sold more than 210,000 diesel vehicles fitted with illegal emi...
Posted: Jun 29, 2022
Japan-based nonlife insurer Sompo Holdings Inc. has committed to stop insuring and investing in coal companies by 2025.
Posted: Jun 29, 2022
Bermuda-based energy insurer OIL Group of Cos. announced Tuesday that it has changed its name to Everen Group and also renamed its operating units.
Posted: Jun 29, 2022
Workplace safety leaders who scrambled with the unprecedented shutdowns, mandated protocols, staffing shortages and telecommuting arrangements resulting from the COVID-19 pandemic can now use what they learned to prepare for the next health emergency...
Posted: Jun 29, 2022
Texas Attorney General Ken Paxton said on Tuesday he was investigating whether Walmart improperly filled prescriptions and failed to report suspicious orders when selling opioid drugs.
Posted: Jun 28, 2022
Two Canadian-based hotel operators have agreed to pay $370,00 to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission, which charged them with permitting a male maintenance/housekeeping manager to sexually hara...
Posted: Jun 28, 2022
A federal appeals court on Tuesday reinstated a retaliation lawsuit filed by a former Georgia Pacific LLC human resources manager who was allegedly terminated shortly after revealing she had given a deposition in favor of employees in a pregnancy dis...
Posted: Jun 28, 2022
Amwins Group Inc. said Tuesday it is partnering with FusionMGA, a Kansas City, Kansas, cyber insurtech managing general agent, to provide cyber liability coverage for accounts without minimum security controls in place.
Posted: Jun 28, 2022
An Austin-based company with no known business history but with a patent for “wireless communication jewelry” is suing Apple Inc. for infringement over the sale of AirPods, according to Apple company watchdog groups.
Posted: Jun 28, 2022
A cable company said it plans to appeal a $375 million jury verdict in which it was found 90% liable in an employee’s murder of an 83-year-old customer.
Posted: Jun 28, 2022
Rating agency S&P Global Ratings on Tuesday placed its A- financial strength rating of Bermuda insurer and reinsurer SiriusPoint Ltd. on watch for a potential downgrade.
Posted: Jun 28, 2022
Michael Costonis, global head of marketing, strategy and innovation at CNA, discusses the development of partnerships between insurers and insurtechs and how technology is changing the industry.
Posted: Jun 28, 2022
Researchers with the Workers Compensation Research Institute said states seeking to adopt or update workers compensation fee schedules ought to consider ramifications of setting fees too low or high, balancing cost containment and adequate care for i...
Posted: Jun 28, 2022