Business Insurance
Cannabis products with high levels of the psychedelic element found in marijuana – tetrahydrocannabinol, or THC — may be associated with improvements in chronic pain, according to a study published this month on the Annals of Internal Medicine.
Posted: Jun 13, 2022
U.S. medical professional liability results improved significantly last year, reversing a four-year trend of weakening performance, but still generated a 108% combined ratio, says Fitch Ratings Inc. in a report issued Monday.
Posted: Jun 13, 2022
The U.K.’s Competition and Markets Authority is looking to launch an investigation into the market dominance of Apple Inc. and Google LLC’s mobile browsers and their respective app store practices.
Posted: Jun 13, 2022
Marine insurers are struggling to interpret the latest set of European sanctions on Russia that imposes an insurance and reinsurance ban on ships carrying Russian oil.
Posted: Jun 13, 2022
South Korea’s Ministry of Trade, Industry and Energy has estimated that the ongoing truckers’ strike in the country has caused 1.6 trillion South Korean won ($1.24 billion) in businesses losses.
Posted: Jun 13, 2022
A report by the Swiss Re Institute said that European property and casualty insurers are facing more severe claims, especially in the property and motor insurance lines, as inflation hits new records.
Posted: Jun 13, 2022
Britain’s biggest pubs group, Stonegate, which is suing three insurers for £1 billion ($1.2 billion) over lockdown losses, battled the COVID-19 pandemic “day by day, venue by venue,” a London court heard Monday.
Posted: Jun 13, 2022
The U.S. Occupational Safety and Health Administration on Friday announced citations to two companies over amputation risks and other violations that posed serious injuries to workers.
Posted: Jun 13, 2022
The U.S. Securities and Exchange Commission on Monday said it charged three Charles Schwab Corp. investment adviser subsidiaries with failing to disclose less profitable fund allocations and misleading its robo-adviser clients.
Posted: Jun 13, 2022
Business leaders have shown an increased concern over the risks posed by economic uncertainty, inflation and geopolitical upheaval, according to a report Monday from Beazley PLC.
Posted: Jun 13, 2022
The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc.’s asset management division over its funds that look to invest based on environmental, social and governance standards, the Wall Street Journal reported.
Posted: Jun 13, 2022
Hub International Ltd. on Monday introduced a digital platform for personal lines coverage such as home and auto insurance.
Posted: Jun 13, 2022
A Connecticut state judge on Thursday dismissed COVID-19-related business interruption coverage litigation filed by a Native American tribal gaming authority against Factory Mutual Insurance Co.
Posted: Jun 10, 2022
Lawyers are investigating Meta Platforms Inc.’s outgoing operations chief Sheryl Sandberg’s use of company resources over several years, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Posted: Jun 10, 2022
Shares of Ericsson fell 2.5% on Friday as the chance of it suffering a higher fine increased with the U.S. Securities and Exchange Commission starting a separate investigation into the company’s handling of misconduct in Iraq.
Posted: Jun 10, 2022
CAC Specialty said Friday it has launched a senior living practice and added two former Alliance Insurance Group executives with industry expertise.
Posted: Jun 10, 2022
The world’s biggest insurers and reinsurers have set their sight on the African continent, which still has very low insurance penetration; however, climate change could hinder their quest for profits.
Posted: Jun 10, 2022
Data from Hong Kong’s Insurance Authority showed that local insurers’ aggregate gross premiums written inched up 0.5% year-on-year to more than $158 billion Hong Kong ($20 billion) in the first quarter of the year.
Posted: Jun 10, 2022
French reinsurer Scor SE expects reinsurers to absorb the majority of the estimated $2 billion in claims arising from last year’s grounding of the Ever Given vessel in the Suez Canal.
Posted: Jun 10, 2022
Swiss catastrophe data provider Perils AG has increased its insured and reinsured loss estimates for the floods that struck Australia’s New South Wales and Queensland earlier this year by 23% to almost $4.9 billion Australian ($3.5 billion).
Posted: Jun 10, 2022
There was big news out of Axis Capital Holdings this week as it announced it will stop writing property reinsurance and that Axis Re CEO Steve Arora will leave the company at the end of the year. Also of note: Liberty Mutual detailed its CEO successi...
Posted: Jun 10, 2022
Michigan lawmakers will be considering a bill that would expire the legal immunity given to employers who follow workplace safety regulations and whose employees contract COVID-19.
Posted: Jun 10, 2022
The U.S. Supreme Court could announce as soon as Monday whether it will hear Bayer’s bid to dismiss claims its Roundup weedkiller causes cancer as the company seeks to avoid potentially billions of dollars more in damages and payouts.
Posted: Jun 10, 2022
State-controlled Russian National Reinsurance Co. is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance companies withdrew cover for Russian shipowners, three people familiar with the matter told Reuters.
Posted: Jun 10, 2022
London-based insurance and reinsurance broker Howden Group Holdings Ltd. said Thursday it has acquired U.S. reinsurance brokerage TigerRisk Partners LLC.
Posted: Jun 09, 2022