Business Insurance
Bulgaria's Financial Supervision Commission has allowed insurer Bulstrad Vienna Insurance Group AD to absorb its sister concern Nova Ins EAD as part of a restructuring process.
Posted: Sep 20, 2021
Japanese carmaker Toyota Motor Corp. will temporarily suspend production at 14 of its plants in Japan for several days in October, as the resurgence of COVID-19 cases in Southeast Asia disrupts the supply of components.
Posted: Sep 20, 2021
The Canary Islands Volcanology Institute in Spain said that there was an eruption at the Cumbre Vieja volcanic ridge on Spain’s Canary Island of La Palma on Sept. 19 after a week of seismic activity.
Posted: Sep 20, 2021
Dody Dalimunthe, executive director of the Indonesian General Insurance Association, has advised local insurers to review their risks and liability exposures, as the market hardens due to the impacts of the COVID-19 pandemic.
Posted: Sep 20, 2021
USI Insurance Services LLC said Monday it has bought offshore fishing insurance brokerage Insurance and Capital Management LLC.
Posted: Sep 20, 2021
German reinsurer Hannover Re SE expects higher prices in the Asia-Pacific region at the upcoming reinsurance renewals of Jan. 1 and April 1, 2022.
Posted: Sep 20, 2021
A Great American Insurance Group unit is not obligated to defend or indemnify a marketing agency in litigation over a failed franchise arrangement, a federal district court has ruled.
Posted: Sep 17, 2021
A New York restaurant group has agreed to pay $125,000 to settle a U.S. Equal Employment Opportunity Commission lawsuit against a restaurant group that charged one of its operation’s head chefs with sexual harassment.
Posted: Sep 17, 2021
A Royal Bank of Canada unit was censured and will pay more than $863,000 to resolve U.S. regulatory charges it broke rules meant to give retail and institutional investors priority in buying new municipal bonds.
Posted: Sep 17, 2021
Workers compensation insurers pay more for medical services than that of group health to treat comparable injuries, according to a research report released Friday by the National Council on Compensation Insurance.
Posted: Sep 17, 2021
A workers compensation claim filed by a law enforcement officer with a history of hypertension was denied compensability, a Florida appeals court ruled Wednesday.
Posted: Sep 17, 2021
A federal district court in Chicago has agreed to grant Aon PLC a partial injunction in litigation it filed last year that accuses five former employees who joined a rival firm with trade secrets misappropriation, among other charges.
Posted: Sep 17, 2021
Zurich Insurance Group AG is reportedly looking to divest some of its general insurance assets in Australia.
Posted: Sep 17, 2021
Analysts at U.K.-based risk management firm Russell Group Ltd. estimate $14 billion in trade losses after the Chinese ports in Shanghai and Ningbo closed on Sept. 12 for two weeks due to Typhoon Chanthu.
Posted: Sep 17, 2021
Lloyd’s of London wants the commercial insurance market to recruit a third of its workforce from ethnic minorities, it said on Friday, as it attempts to improve diversity.
Posted: Sep 17, 2021
Ryan Specialty Group Inc. on Friday named Miles Wuller as CEO of its RSG Underwriting Managers unit, replacing Tom Clark, who is leaving the Chicago-based specialty intermediary at the end of the month.
Posted: Sep 17, 2021
The California Workers’ Compensation Institute reported Wednesday that average payments for all comprehensive medical-legal evaluations climbed 67% under the new fee schedule that was approved earlier this year, more than double the increase the stat...
Posted: Sep 17, 2021
Shining light on how the COVID-19 vaccine has brightened the outlook for the pandemic, a nurse in Boulder, Colorado, has created a 4-foot-tall chandelier made with hundreds of vaccine vials that she’s called the Light of Appreciation, NPR reports.
Posted: Sep 17, 2021
The Minnesota Department of Natural Resources said on Thursday it fined Enbridge Inc. $3.32 million, citing the Canadian company’s failure to follow environmental laws during the construction of its Line 3 oil pipeline replacement.
Posted: Sep 17, 2021
Regional government of Spain’s Canary Island of La Palma sounded a yellow alert on Sept. 14 for a probable volcanic eruption in upcoming days after recording sudden increase in seismic activity in the region.
Posted: Sep 17, 2021
An Indonesian court on Thursday ordered President Joko Widodo and other top officials to take measures to improve air quality in the capital Jakarta, ruling in favor of a civil lawsuit filed by activists.
Posted: Sep 16, 2021
Broker Relation Insurance Services Inc. on Thursday named as its chief financial officer former Worldwide Facilities LLC CFO John Galaviz.
Posted: Sep 16, 2021
A federal court in Kansas on Tuesday ruled the parents of a worker who died of conditions related to his opioid use in connection with a workplace injury, chronic pain and subsequent depression can’t sue a workers compensation insurer or the third-pa...
Posted: Sep 16, 2021
Hamilton Insurance Group Ltd. on Thursday named former Ironshore Ltd executive Kevin Marzec head of management liability for its U.S. excess and surplus business.
Posted: Sep 16, 2021
A Missouri judge on Tuesday ruled that a Zurich Insurance Group policy does not cover COVID-19-related business interruption losses seven months after ruling in favor of the policyholder in the same case.
Posted: Sep 16, 2021