Business Insurance
The Idaho Supreme Court ruled that the Industrial Commission erred in evaluating an injured plumber’s disability when he reached maximum medical improvement instead of when his hearing was held, as substantial weight gain had worsened his condition.
Posted: May 23, 2022
Lawmakers in New York are seeking to amend the workers compensation law, in relation to presumptive evidence for individuals who participated in the World Trade Center rescue, recovery and clean-up operations.
Posted: May 23, 2022
A German court has put a nationwide sales and production ban on Ford cars able to establish internet connection, it said, as part of a lawsuit over the violation of wireless technology patents.
Posted: May 20, 2022
A federal appeals court on Friday ruled against a recreational park in COVID-19-related business interruption litigation filed against Cincinnati Insurance Co.
Posted: May 20, 2022
The U.S. Securities and Exchange commission on Friday said Wells Fargo Advisors had agreed to pay $7 million to settle charges of anti-money laundering-related violations.
Posted: May 20, 2022
Managing general agency Fusion Specialty Insurance Pty Ltd. said Thursday it has introduced online mergers and acquisitions insurance in the U.S. for small and mid-size businesses.
Posted: May 20, 2022
President Vladimir Putin said on Friday that the number of cyberattacks on Russia by foreign "state structures" had increased several times over and that Russia must bolster its cyber defenses by reducing the use of foreign software and hardware.
Posted: May 20, 2022
The Google search engine collects data on users who think they can be anonymous if they use a "private browsing" mode, Texas Attorney General Ken Paxton claimed on Thursday, filing an amended privacy lawsuit against the Alphabet Inc. unit.
Posted: May 20, 2022
The Better Business Bureau is warning consumers of the latest Facebook scam: one of your friends sends you a message stating they saw your name on a list of people who have thousands of dollars in unclaimed workers compensation.
Posted: May 20, 2022
Accretive Insurance Solutions, AssuredPartners Inc.’s specialty wholesale and program administration company, said Friday it has named former ECC Insurance Brokers LLC executive Rob Roth as executive vice president of wholesale.
Posted: May 20, 2022
A jury in a federal court in Pensacola, Florida, on Friday ordered 3M Co. to pay $77.5 million to a U.S. Army veteran who said he suffered hearing damage as a result of using the company's military-issue earplugs.
Posted: May 20, 2022
The annual roundup of the highest-paid executives at the largest U.S.-based or listed commercial property/casualty insurers is the clear leader in this week’s Top 10.
Posted: May 20, 2022
Greenland’s healthcare system has been “severely” affected by a cyber attack, which started on May 9 and forced the country’s healthcare services to restart all their IT systems and servers which consequently affected access to patient medical record...
Posted: May 20, 2022
Ratings agency A.M. Best Co. Inc. said that South Korean nonlife insurers’ aggregate net profit surged 72% year-on-year to a record-high of 3.7 trillion South Korean won ($3 billion) in 2021, driven by improved underwriting and steady investment resu...
Posted: May 20, 2022
Chubb Ltd. shareholders on Thursday rejected a proposal that would have limited the insurer’s ability to underwrite new fossil fuel supplies but approved a proposal requiring the company to produce a report on greenhouse gases associated with its ins...
Posted: May 20, 2022
A blast at of one of the largest South Korean oil refiner S-Oil Corp.’s refinery in Onsan, South Korea, on May 19 has forced the company to suspend production at several nearby processing units, raising concerns around further tightening of gasoline...
Posted: May 20, 2022
Swiss insurer Zurich Insurance Group Ltd. has agreed to sell its Russian business to the local team as it looks to exit Russia.
Posted: May 20, 2022
Newfront Insurance Inc. said Thursday it had hired former Marsh McLennan Agency principal Jeff Simpson as a senior vice president.
Posted: May 20, 2022
Austria-based insurer Vienna Insurance Group AG’s total premium volume increased by more than 11% year-on-year to €3.45 billion ($3.6 billion) in the first quarter of the year, largely driven by motor third party liability, property and casualty and...
Posted: May 20, 2022
Zurich Insurance Group Ltd. has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia.
Posted: May 20, 2022
Sedgwick Claims Management Services Inc. announced Thursday it has acquired Orchid Medical Inc., a provider of ancillary medical management solutions for the workers compensation industry.
Posted: May 20, 2022
Marsh & McLennan Cos. Inc. is arranging insurance coverage for a controversial east African oil pipeline that major banks and insurers are distancing themselves from, the Financial Times and the Bureau of Investigative Journalism reported Thursday.
Posted: May 19, 2022
Skyward Specialty Insurance Group said Thursday it is introducing renewable energy contractors coverage as part of its construction and energy product portfolio.
Posted: May 19, 2022
Henry Clark, head of professional & executive risks at Australia-based Honan Insurance Group Pty Ltd., said that directors and officers are facing increased regulatory scrutiny in the wake of increasing cyber attacks on supply chains.
Posted: May 19, 2022
French reinsurer Scor SE recently announced its commitment to stop covering new oilfield projects by 2023.
Posted: May 19, 2022