Business Insurance
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
The National Highway Traffic Safety Administration on Thursday said it was upgrading its probe into 830,000 Tesla vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall.
Posted: Jun 09, 2022
A federal appeals court affirmed a ruling in favor of a Travelers Cos. Inc. unit that denied a property owner’s claim involving a pool’s roof, stating the damage was known before the policy period.
Posted: Jun 09, 2022
Marsh LLC said Thursday it has named Andrew Fiscella and John Umbach as SPAC co-leaders within Marsh Specialty’s U.S. financial and professional liability practice.
Posted: Jun 09, 2022
Commercial insurance rates increased in all major lines except workers compensation in May, but the sizes of the increases were mixed, Tampa, Florida-based Ivans Insurance Services reported Thursday.
Posted: Jun 09, 2022
Signet Jewelers Ltd. on Thursday announced a $175 million settlement of long-running gender bias litigation, resolving claims on behalf of 68,000 female Sterling Jewelers employees that the retailer paid women less and promoted them less often than m...
Posted: Jun 09, 2022
Aon PLC has agreed to sell its e-discovery practice to legal and cyber services provider Technology Concepts & Design Inc.
Posted: Jun 09, 2022
An agriculture supplies manufacturer in New York is facing $203,039 in penalties following investigation of a November 2021 incident that nearly killed a worker in a grain silo, the Occupational Safety and Health Administration announced Wednesday.
Posted: Jun 09, 2022
David H. Long will retire as CEO of Liberty Mutual Insurance Co. at the end of 2022 and will be succeeded by longtime Liberty Mutual executive Timothy M. Sweeney, the insurer announced Thursday.
Posted: Jun 09, 2022
U.S. commercial insurance prices increased by 6% overall in the first quarter, around one point lower than the aggregate increase in the fourth quarter of 2021, according to Willis Towers Watson PLC’s latest pricing survey.
Posted: Jun 09, 2022
Chilean state-owned copper mining company Codelco suspended operations at its Ventanas smelter and refinery in Chile on June 6 after an environmental emergency was declared following signs of poisoning from sulfur dioxide emissions in people from nea...
Posted: Jun 09, 2022
Mauritius-based insurer, The Mauritius Union Assurance Cy. Ltd. (MUA), intends to grow its operations in several East African countries and hold 10% share of the East African insurance markets in the upcoming years.
Posted: Jun 09, 2022
U.K.-based claims and insurance management firm Charles Taylor Adjusting has acquired Peru-based loss adjuster Herrera DKP S. Civil de RL.
Posted: Jun 09, 2022
The Korea Cargo Workers Union has expanded its strike to the automobile sector by refusing to handle the delivery of auto parts from June 8 in addition to steel and cement, dealing a blow to the already troubled automobile sector.
Posted: Jun 09, 2022
A massive wildfire in the popular Spanish province of Malaga has prompted the local authorities to declare a Level 2 forest fire emergency, as the wildfire rages across the hills burning down properties along its way.
Posted: Jun 09, 2022
South Korea's Fair Trade Commission has fined 15 Korean and foreign shippers 80 billion South Korean won ($63.6 million) in total for their involvement in a 17-year-long freight rate fixing scheme for South Korea-Japan routes.
Posted: Jun 09, 2022
The California Workers’ Compensation Institute on Wednesday said new data shows the types of drugs used to treat injured workers have shifted dramatically over the last 10 years, with opioids becoming less prevalent and anti-inflammatory drugs accoun...
Posted: Jun 09, 2022
A federal appeals court is asking the Massachusetts Supreme Court to consider whether insurers must cover costs incurred to prevent an imminent covered loss, even if the costs themselves are not covered by the policy.
Posted: Jun 08, 2022
Tesla Inc. cannot pause a California civil rights agency's lawsuit alleging widespread race discrimination at an assembly plant as it separately challenges the agency's ability to sue employers, a judge ruled on Wednesday.
Posted: Jun 08, 2022
A former Better.com executive is suing the company and its CEO, Vishal Garg, alleging they provided misleading statements to investors about the digital mortgage company’s financial prospects and performance.
Posted: Jun 08, 2022
The U.S. Occupational Safety and Health Administration has cited two Dollar General stores in Ohio and Wisconsin for endangering the safety of their employees after inspectors found that emergency exits were not accessible.
Posted: Jun 08, 2022
Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations, and further work may be needed on how much capital they should hold, the Bank of England said Wednesday.
Posted: Jun 08, 2022
Japan is weighing what steps it can take after the European Union's banned insuring and financing seaborne transport of Russian oil to third countries as it will make it difficult for Japan to maintain imports of Russian crude oil.
Posted: Jun 08, 2022