Business Insurance
U.S. chipmaker Qualcomm on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech.
Posted: Jun 15, 2022
A California lawmaker has dropped a proposal to require employers to make liability determinations within 60 days for most claims and is instead proposing to shorten only the amount of time to accept or deny a first responder’s claim for a presumptiv...
Posted: Jun 15, 2022
The Federal Trade Commission has begun an investigation into SoftBank-backed mental health startup Cerebral Inc., the Wall Street Journal reported Tuesday, citing a letter the antitrust body sent to the company.
Posted: Jun 15, 2022
A surge of employees heading back to the office following pandemic shutdowns, combined with a spike in shootings and other violence affecting workers, is causing companies to revamp emergency plans or initiate anti-violence training, according to exp...
Posted: Jun 15, 2022
J.J. Perez, leader of corporate solutions at Nationwide, discusses the changing insured and uninsured risks that small and mid-sized businesses face and how they can effectively manage those exposures.
Posted: Jun 14, 2022
Canadian businesses operating in critical infrastructure sectors would be required to report cyberattacks to the federal government and would have to fortify their cyber systems under a new law introduced on Tuesday.
Posted: Jun 14, 2022
U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission rule aimed at reining-in special purpose acquisition companies, or SPACs, arguing it could kill the industry.
Posted: Jun 14, 2022
A heating, ventilation and air conditioning company whose owner allegedly sexually harassed female employees has agreed to pay $361,000 to settle a U.S. Equal Employment Opportunity Commission lawsuit.
Posted: Jun 14, 2022
Axa XL, the property/casualty insurance business of France’s Axa SA, said Tuesday it has named former Axis Capital Holdings Inc. executive Melissa Sowa as senior vice president, underwriting manager for miscellaneous professional liability.
Posted: Jun 14, 2022
A federal appeals court Tuesday affirmed a lower court ruling against a risk retention group that waited more than two years to seek a ruling disclaiming coverage in a construction worker’s death.
Posted: Jun 14, 2022
U.S. Securities and Exchange Commission Chair Gary Gensler said Tuesday that investors should beware of promised returns from crypto lending platforms and products that seem “too good to be true.”
Posted: Jun 14, 2022
Rising inflation, if unabated, will push up loss costs and ultimately have to be passed on through premium increases, Arthur J. Gallagher & Co said in a report released Tuesday.
Posted: Jun 14, 2022
U.S.-based insurer Berkshire Hathaway Specialty Insurance has launched directors and officers insurance policy for companies and their management in France.
Posted: Jun 14, 2022
Saudi Arabia-based Islamic Corporation for the Insurance and Investment of Export Credit’s board of governors have approved a capital increase of 600 million Islamic dinar ($805 million).
Posted: Jun 14, 2022
Singapore-based reinsurer Asia Capital Reinsurance Group Pte. Ltd. has appointed Wei-Lyn Loh as its new chief executive.
Posted: Jun 14, 2022
Data from the Croatian Insurance Bureau showed that local insurers’ aggregate gross written premium increased by more than 6% year-on-year to 5.7 billion Croatian kuna ($792 million) in the first five months of the year.
Posted: Jun 14, 2022
Fleet lessor Orix Australia Corp. Ltd.’s former CEO John Carter has sued insurer Chubb Ltd. in Australia to recoup $3.2 million Australian ($2.3 million) in legal costs spent defending a corruption case that was dropped in 2019.
Posted: Jun 14, 2022
A report by insurance broker Crombie Lockwood (NZ) Ltd. said that New Zealand insurers are increasingly reviewing their exposures to individual risks, as inflation drives up property claims costs, especially in high seismic areas like Wellington.
Posted: Jun 14, 2022
Shanghai has once again imposed mass quarantine measure this past weekend amid a surge in COVID-19 cases, leading to the closure of highways that obstructed the movement of trucks carrying cargo to Shanghai’s port for export.
Posted: Jun 14, 2022
The cyber liability reinsurance market remains restricted, but more capacity is expected to enter the sector, albeit slowly and cautiously, from both traditional reinsurers and third-party capital sources.
Posted: Jun 14, 2022
Dozens of companies and business organizations sent a letter to U.S. Congress members on Monday, urging them to support a bill that would rein in the biggest tech companies such as Amazon.com and Alphabet’s Google.
Posted: Jun 13, 2022
Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin’s collapse in value last month.
Posted: Jun 13, 2022
A federal appeals court on Friday reinstated a race discrimination charge filed by a fired university employee, questioning why a lower court dismissed it without addressing the issue in its ruling.
Posted: Jun 13, 2022
Google LLC has agreed to pay $118 million to settle a class-action gender discrimination lawsuit.
Posted: Jun 13, 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 of conspiring to bribe doctors to prescribe addictive opioids and defraud insure...
Posted: Jun 13, 2022