Business Insurance
Markel Corp. said Tuesday it has formed a complex construction team headed up by Vince Colosimo, construction practice leader at the Richmond, Virginia-based insurer.
Posted: Jun 28, 2022
Woodruff Sawyer & Co. said Tuesday that its Nomadx subsidiary has introduced a managing general agent, Nomadx Trustee Liability MGA, devoted exclusively to trustee liability that will offer $5 million in liability coverage.
Posted: Jun 28, 2022
Business Insurance on Tuesday extended the nomination deadline to July 11 for the 2022 U.S. Insurance Awards, which will be announced and presented live in New York in September.
Posted: Jun 28, 2022
Oklahoma has reached a $250 million settlement with AmerisourceBergen Corp., Cardinal Health Inc. and McKesson Corp. to resolve allegations the drug distributors contributed to the opioid epidemic in the state, Oklahoma Attorney General John O'Connor...
Posted: Jun 28, 2022
A federal appeals court panel said Monday it would convene a full panel to reconsider President Joe Biden’s executive order requiring civilian federal employees to be vaccinated against COVID-19 and set aside the order pending that hearing.
Posted: Jun 28, 2022
A Washington, D.C.-based medical marijuana advocacy group says the U.S. Supreme Court’s recent decision to not weigh in on whether employees can be reimbursed for their medical marijuana-related costs through their workers compensation further compli...
Posted: Jun 28, 2022
Norwegian aluminum and renewable energy company Norsk Hydro ASA has been sued in a Dutch court for allegedly polluting the Brazilian river of Barcarena for around 20 years, causing serious health problems in the nearby communities.
Posted: Jun 28, 2022
South Africa-based Rand Merchant Investment Holdings Ltd. said its insurance subsidiaries, OUTsurance Holdings Ltd. in South Africa and Youi Pty Ltd. in Australia, have catastrophe reinsurance programs to cover them adequately for the recent flood-re...
Posted: Jun 28, 2022
China’s insurance regulator said that severe rainfall and floods since late May have triggered parametric catastrophe insurance payouts for 16 cities in the Guangdong province.
Posted: Jun 28, 2022
A toxic gas leak from the crashing of a storage tank filled with 25 tons of chlorine at Jordan’s Aqaba port on June 27 killed 13 people and sickened more than 250 others.
Posted: Jun 28, 2022
U.S.-based Moody’s Investors Service Inc. expects Australia-based QBE Insurance Group Ltd.’s strong underwriting performance from 2021 to continue for another 12 to 18 months, driven by continued rate hikes, declining attritional claims ratios and hi...
Posted: Jun 28, 2022
Arthur J. Gallagher & Co. said Tuesday it has acquired Erimus Group Ltd. of Teesside, England.
Posted: Jun 28, 2022
Florida’s chief financial officer and the Florida Department of Financial Services said in court filings that the state’s workers compensation laws allow first responders to receive medical benefits for post-traumatic stress disorder without having a...
Posted: Jun 28, 2022
U.S. critical infrastructure remains exposed to cyberattacks with limited insurance protection available, a government report released last week said, but experts differ on how the problem should be addressed.
Posted: Jun 28, 2022
A federal judge in California on Monday ordered a new trial on the damages Tesla Inc. owes to a Black former worker who accused the company of race discrimination, after he turned down a $15 million award.
Posted: Jun 27, 2022
A federal appeals court on Friday decertified a class-action disability discrimination lawsuit filed against a bargain store chain, ruling the lower court had certified an overly broad class based on inadequate evidence.
Posted: Jun 27, 2022
Hijacking and information technology incidents reported to the Department of Health and Human Services’ Office for Civil Rights among covered entities and business associates have increased by 843% between 2015 and last year, says the U.S. Government...
Posted: Jun 27, 2022
SureChoice Underwriters Reciprocal Exchange, a Houston-based member-owned insurance company that offers coastal property coverage through SageSure Insurance Managers LLC, has launched its first commercial insurance product for small- and medium-sized...
Posted: Jun 27, 2022
A growing number of large U.S. companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal e...
Posted: Jun 27, 2022
A federal jury in the District of Massachusetts has found that a Massachusetts employer and his company retaliated against an immigrant employee who reported an on-the-job injury.
Posted: Jun 27, 2022
Gallagher Re, the reinsurance business of broker Arthur J. Gallagher & Co., said Monday it has named former World Bank executive Antoine Bavandi to the newly created role of global head of public sector, parametric and climate resilience solutions.
Posted: Jun 27, 2022
An after-work drink has turned out to be a potentially big problem for a Japanese city.
Posted: Jun 27, 2022
The U.S. Supreme Court on Monday gave two doctors found guilty of misusing their licenses in the midst of the U.S. opioid epidemic to write thousands of prescriptions for addictive pain medications another chance to challenge their convictions.
Posted: Jun 27, 2022
Blank-check company Digital World Acquisition Corp. said Monday that each of its board directors had received subpoenas from federal prosecutors over the company’s merger plans with former President Donald Trump’s social media company.
Posted: Jun 27, 2022
The U.S. Supreme Court on Monday rejected another Bayer AG bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages.
Posted: Jun 27, 2022