Business Insurance
A Tesla Inc. shareholder sued the electric car maker, CEO Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment and engendering a “toxic workplace culture.”
Posted: Jun 17, 2022
Tokio Marine Kiln Group Ltd. said Friday it will sell Tokio Marine Highland’s U.S. construction division to Intact Insurance Group USA LLC.
Posted: Jun 17, 2022
Business Insurance is accepting nominations for the 2022 Women to Watch Awards.
Posted: Jun 17, 2022
The COVID-19 pandemic is not a natural disaster that exempts employers from complying with the Worker Adjustment and Retraining Act, the 1989 law that requires companies to give affected employees 60 days’ notice of a plant closing or mass layoff, a...
Posted: Jun 16, 2022
The U.S. Supreme Court on Monday rejected bids by Insys Therapeutics Inc. founder John Kapoor and another former executive of the drugmaker to overturn their convictions for conspiring to bribe doctors to prescribe addictive opioids and defraud insur...
Posted: Jun 16, 2022
Officials with the Workers’ Compensation Insurance Rating Bureau of California, testifying in support of a recommendation to increase the advisory pure premium rate by 7.6%, said savings from reforms passed nearly a decade ago have run their course.
Posted: Jun 16, 2022
Partner Re said Thursday that Sima Ruparelia, who had held the position of chief actuary for an American International Group Inc. unit, will join the reinsurer, effective June 27, as chief actuarial and risk officer, the company said.
Posted: Jun 16, 2022
Turns out the placement of fences, walls and hedges is causing problems between neighbors, at least across the pond.
Posted: Jun 16, 2022
A federal appeals court on Wednesday affirmed a lower court ruling in favor of a Munich Re unit in litigation over its coverage denial for a marine vessel’s failed engine.
Posted: Jun 16, 2022
London-based insurance broker BMS Group Ltd. said Thursday it has acquired Australian retail brokerage SRG Group Pty Ltd.
Posted: Jun 16, 2022
Tracy Ryan will leave her position as president of global risk solutions, North America, at Liberty Mutual Insurance Co. later this year, a company spokesman said Thursday.
Posted: Jun 16, 2022
Jason Mezyk, former vice president of risk and insurance at Revantage Corporate Services, a Blackstone Inc. unit, has joined RiskRelease, an insurtech focused on coverage of multifamily real estate units, as CEO.
Posted: Jun 16, 2022
CJ TMI Manufacturing America LLC, a Robbinsville, New Jersey-based frozen food manufacturer, faces $368,513 in proposed fines after a contractor using faulty equipment suffered fatal injuries from a fall.
Posted: Jun 16, 2022
A derecho that swept through southern Ontario and parts of Quebec, Canada, in May caused over CAD $875 million ($675.9 million) in insured damage, according to initial estimates by Catastrophe Indices and Quantification Inc.
Posted: Jun 16, 2022
Activision Blizzard Inc.’s board and external advisers said Thursday there was no evidence to suggest that senior executives intentionally ignored or attempted to downplay reported instances of gender harassment.
Posted: Jun 16, 2022
The U.S. Securities and Exchange Commission on Wednesday requested information on the activities of financial information providers amid growing concerns over their influence on investment decisions, despite not being fully regulated.
Posted: Jun 16, 2022
First-quarter commercial auto liability direct premiums written rose 19.1% year over year to $12.37 billion in 2022 and have risen steadily over the past five years, according to a report Thursday from S&P Global Inc.
Posted: Jun 16, 2022
Ascot Group Ltd. said Thursday that Elizabeth Johnson has been promoted to the newly created role of chief operating officer, North America insurance.
Posted: Jun 16, 2022
Aon PLC on Thursday named Howard Byrne head of its Cayman Islands captive and broking operations, replacing Melissa Thomas, who is leaving the firm.
Posted: Jun 16, 2022
Insurer Croatia Osiguranje dd's net profit increased 9% year-on-year to 164 million Croatian kuna ($23 million) in the first four months of the year.
Posted: Jun 16, 2022
A consumer rights campaigner has filed a class action lawsuit against Apple Inc. in the U.K., seeking £768 million ($935 million) in damages for alleged throttling of the performance of iPhones.
Posted: Jun 16, 2022
Gillian Tan, assistant managing director at Monetary Authority of Singapore, said that Singapore is actively looking to capitalize on the expanding insurance-linked securities market in Asia and build financial resilience against new uncertainties.
Posted: Jun 16, 2022
U.S.-based credit ratings agency S&P Global Ratings Inc. has downgraded the outlook for Taiwan’s nonlife insurance sector to “negative” as the country relaxes its zero COVID-19 policy, raising risk of infections that could lead to pandemic-related lo...
Posted: Jun 16, 2022
Businesses in South Korea have suffered around 2.5 trillion South Korean won ($1.9 billion) worth of losses from the cargo truckers’ week-long strike, which finally ended on June 15.
Posted: Jun 16, 2022
A federal appeals court affirmed a lower court ruling in favor of a Beazley PLC unit in litigation filed by a property owner, holding that the policyholder’s request for additional insurance proceeds was too late.
Posted: Jun 15, 2022