Business Insurance
The Oklahoma Supreme Court on Wednesday said a worker who was severely injured crossing a busy highway to get to work can sue his employer.
Posted: Jun 03, 2022
Willis Towers Watson PLC said Thursday that it has hired former Aon PLC executive Stephen J. Feick to its life sciences team and Jason C. Bertoldi, who previously worked at a hedge fund, to head its North American contingent risk business.
Posted: Jun 02, 2022
An Arch Insurance Group Inc. unit does not have to pay $3.18 million under a performance bond it issued to a subcontractor because a general contractor did not first terminate the subcontractor as required, a federal appeals court said Wednesday, in...
Posted: Jun 02, 2022
The U.S. Equal Employment Opportunity Commission is encouraging current and former Activision Blizzard Inc. employees to file a claim enabling them to get a share of an $18 million sexual harassment claim fund.
Posted: Jun 02, 2022
Tenaris SA, a global manufacturer of steel pipes, said on Thursday it will pay $78.1 million to resolve U.S. probes into its alleged payment of bribes to win business from Brazil's state-owned oil company Petrobras.
Posted: Jun 02, 2022
The Commodity Futures Trading Commission said Thursday it has unanimously voted to seek public comment on climate-related financial risk.
Posted: Jun 02, 2022
A federal appeals court on Thursday ruled in favor of a OneBeacon Insurance Group Co. unit in COVID-19-related business interruption litigation filed by gym franchisees.
Posted: Jun 02, 2022
The Biden administration must thoroughly analyze the climate impacts of oil and gas leasing on nearly 4 million acres of federal land in five states before drilling can take place, according to legal settlements reached late Wednesday.
Posted: Jun 02, 2022
A federal appeals court on Wednesday partially overturned a lower court ruling and held that a Starr Insurance Cos. unit must provide a defense in a dispute stemming over a real estate investment, but does not have a duty to indemnify under its direc...
Posted: Jun 02, 2022
The U.S. CFTC filed a federal lawsuit in New York on Tuesday accusing Gemini Trust Co. of making false and misleading statements concerning a bitcoin futures contract the firm was pursuing in 2017.
Posted: Jun 02, 2022
According to the company that has trademarked everything Elvis, the King might have to leave the lucrative and kitschy Las Vegas wedding chapel business.
Posted: Jun 02, 2022
RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., on Thursday said former Marsh LLC executive Paul Evans has joined the firm as an executive vice president in its national entertainment practice.
Posted: Jun 02, 2022
China's proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other things, a leading lobby group has said in a letter seen by Reuters.
Posted: Jun 02, 2022
Owners of vehicles equipped with so-called defeat devices have a right to compensation from the vehicle manufacturer, an adviser to the top EU court said on Thursday in a case brought against Mercedes-Benz.
Posted: Jun 02, 2022
The Risk and Insurance Management Society Inc. said Thursday it has added a Kentucky chapter, based in Louisville, effective immediately.
Posted: Jun 02, 2022
Iranian armed forces seized two Greek-flagged tankers in the Persian Gulf on May 27, raising concerns of further shipping disruptions especially in the Strait of Hormuz, which is an important waterway for global energy supplies.
Posted: Jun 02, 2022
Andriy Yermak, head of the Office of the President of Ukraine, said the European Union might impose an insurance ban on ships carrying Russian oil which could hurt Russian oil exports to Asia, as European insurers underwrite most of the world's oil t...
Posted: Jun 02, 2022
The U.K. government’s live events reinsurance program has backed around 150 events since its launch in August 2021, providing more than £100 million ($126.3 million) worth of cover supporting investments worth £400 million.
Posted: Jun 02, 2022
Santam Ltd. estimates it has 3.2 billion South African rand ($205 million) in gross exposure to the recent floods that struck South Africa’s KwaZulu-Natal province.
Posted: Jun 02, 2022
Marsh McLennan Agency, a unit of Marsh LLC, said Thursday it has bought Portland, Maine-based Clark Insurance.
Posted: Jun 02, 2022
A federal appeals court on Wednesday affirmed the dismissal of a COVID-19-related business interruption lawsuit filed by a commercial property owner against an Endurance Reinsurance Corp. unit.
Posted: Jun 02, 2022
NFP Corp. said Thursday that former Markel Corp. executive Emily Horsman has been appointed head of national broking in Canada.
Posted: Jun 02, 2022
Two federal appeals courts have issued additional rulings against policyholders in COVID-19-related business interruption cases, with both citing earlier decisions.
Posted: Jun 01, 2022
A Hiscox Ltd. unit does not have a duty to defend a medical practice that provided “regenerative” medical products and services which was sued by Georgia for unfair business acts, a federal appeals court ruled Tuesday, in affirming a lower court ruli...
Posted: Jun 01, 2022
The Wisconsin Supreme Court overturned a rare ruling in policyholders’ favor in COVID-19-related business interruption on Wednesday, and unanimously joined two other state supreme courts in ruling a group of restaurants were not entitled to COVID-19...
Posted: Jun 01, 2022