Business Insurance
Clorox said Monday it had taken certain systems offline after unauthorized activity disrupted some business operations.
Posted: Aug 15, 2023
The National Institute for Occupational Safety and Health is offering new training to help miners better handle incidents of heat stress, a growing workplace safety concern in mining and across other industries.
Posted: Aug 15, 2023
The fallout from the scandal surrounding insurtech Vesttoo Ltd. is a wakeup call for the captive sector and will likely lead to greater regulatory scrutiny of fronting arrangements and collateral options, experts said last week at the Vermont Captive...
Posted: Aug 15, 2023
Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on Monday.
Posted: Aug 14, 2023
A Delaware state court ruled in favor of Viacom Inc. and its former vice chair, Shari E. Redstone, in directors and officers insurance litigation filed against numerous insurers in connection with Viacom’s 2019 merger with CBS Inc.
Posted: Aug 14, 2023
Aon PLC on Monday named Joe Peiser CEO of commercial risk solutions, its main commercial insurance brokerage unit.
Posted: Aug 14, 2023
The U.S. Occupational Safety and Health Administration announced Monday it cited a Bedford, Ohio, foundry following a fatal steam explosion this year.
Posted: Aug 14, 2023
Overexertion topped the list of the costliest workplace injuries, according to a report released Thursday by Liberty Mutual Insurance Co.
Posted: Aug 14, 2023
Insured losses from the wildfires that hit Maui and the Big Island of Hawaii Aug. 8-10 will likely be “at least $1 billion,” according to a report Monday from Risk Management Solutions Inc., a Moody’s Analytics company.
Posted: Aug 14, 2023
The U.S. Occupational Safety and Health Review Commission has affirmed two workplace safety citations issued to a general contractor after the December 2020 death of a painter working on a casino construction project.
Posted: Aug 14, 2023
A federal appeals court on Friday overturned two lower court rulings and held that former Temple University and University of Pittsburgh students may be entitled to partial tuition refunds because of their institutions’ switch to online instruction d...
Posted: Aug 14, 2023
Ryan Pincus, 37, a vice president of cyber underwriting for Allied World Insurance Co., died in a shooting in San Francisco earlier this month, according to a San Francisco Police Department police report.
Posted: Aug 14, 2023
Liberty Global Transaction Solutions, a unit of Liberty Mutual Insurance Co., said Monday it has hired former Alliant Insurance Services Inc. executive Harry Ballan as head of tax for the Americas.
Posted: Aug 14, 2023
A federal judge on Thursday rejected Hewlett-Packard’s legal argument to dismiss a lawsuit claiming that it intentionally designed its all-in-one printers to be unable to scan or fax when they are low on ink so that it would eventually increase profi...
Posted: Aug 14, 2023
U.A.E.-based Abu Dhabi National Insurance Company P.S.C.'s net profit increased by 15.5% year-on-year to 204.4 million United Arab Emirates dirhams ($55.7 million) in the first six months of 2023, Middle East Insurance Review reported. Meanwhile, Abu...
Posted: Aug 14, 2023
Renate Vachenauer, head of procurement at German carmaker Audi AG, said that semiconductor shortages that have created bottlenecks for the country's car industry is still a problem and will take years to resolve, Silicon UK reported citing Augsburger...
Posted: Aug 14, 2023
Switzerland-based Zurich Insurance Group Ltd.’s property and casualty insurance revenue increased 10% year-on-year to $20.16 billion in the first half of this year, while business operating profit fell 5.5% to $2.24 billion, Reinsurance News reported...
Posted: Aug 14, 2023
China’s National Financial Regulatory Administration said that local insurance institutions have received 9.78 billion Chinese yuan ($1.35 billion) worth of claims for floods and geological disasters triggered by recent extreme rainfall in 16 regions...
Posted: Aug 14, 2023
Australia-based QBE Insurance Group Ltd.’s reinsurance recoveries increased by 174% year-on-year to $1.14 billion during the first six months of the year, Artemis reported. The insurer experienced catastrophe losses at an elevated level in the first...
Posted: Aug 14, 2023
Germany-based insurer Allianz SE's operating profit increased 7.1% year-on-year to €3.78 billion ($4.13 billion) in the second quarter, while net income grew 19% to €2.48 billion, Verdict reported. The property and casualty segment saw a 10.8% growth...
Posted: Aug 14, 2023
Hub International Ltd. said Friday that it was hit by a cyber breach late last year, and sensitive data related to some of its employees and customers was accessed.
Posted: Aug 11, 2023
An Illinois dental practice has been ordered to pay $20,000 in back wages to a dental assistant who was fired in retaliation for raising COVID-19-related workplace safety concerns with the U.S. Occupational Safety and Health Administration.
Posted: Aug 11, 2023
A U.S. cyber safety body will review issues relating to cloud-based identity and authentication infrastructure that will include an assessment of a recent Microsoft Corp. breach that led to the theft of emails from U.S. government agencies, the U.S....
Posted: Aug 11, 2023
A federal court judge late Thursday issued a temporary restraining order against reinsurance intermediary Vesttoo Ltd. freezing its assets in response to a petition by an Aon PLC unit that detailed some of the alleged fraud in transactions involving...
Posted: Aug 11, 2023
A company that provides English tutoring services to students in China has agreed to pay $356,000 to settle a U.S. Equal Employment Opportunity Commission lawsuit that charged it used application software to automatically reject older applicants.
Posted: Aug 11, 2023