Business Insurance
Kuwait Reinsurance Co. KSCP's net profit increased 13% year-on-year to around 2 million Kuwaiti dinar ($6.7 million) in the first quarter of 2022, mainly due to high net investment income and a significant decrease in general and administrative expen...
Posted: May 25, 2022
The aggregate pre-tax net profit of listed insurers in Oman plunged 46% year-on-year to a five-year low of 21 million Omani rial ($54.6 million) in the first quarter of the year.
Posted: May 25, 2022
U.K.-based insurance broker Willis Towers Watson PLC has launched a special cyber insurance product called CyNav for ports and terminals.
Posted: May 25, 2022
German insurer HDI Global SE has restructured its U.K. and Ireland operations to better align its commercial and specialty businesses.
Posted: May 25, 2022
A report by German insurer Allianz SE said that the Asian insurance market, excluding Japan, grew at just 0.6% in 2021, compared to the global insurance market growth average of 5.1%.
Posted: May 25, 2022
Singapore’s High Court has recently ruled that insurers QBE Insurance Group Ltd. and MS First Capital Insurance Ltd. are liable to pay the owner of Le Meridien Phuket Beach Resort for COVID-19 lockdown related losses under the policyholder’s business...
Posted: May 25, 2022
Several workers compensation industry insiders have announced plans to launch WorkCompCollege.com LLC in the fall, providing training for workers comp professionals, emphasizing “soft skills” of whole-person recovery management on a virtual, on-deman...
Posted: May 25, 2022
With a much smaller court and a short, underhand swing, proponents of Pickleball say everybody loves this easier-than-tennis alternative. Unless you happen to live near a court.
Posted: May 25, 2022
Volkswagen AG will pay 193 million pounds ($242 million) in an out-of-court settlement with a British consumer group after a so-called dieselgate lawsuit, litigation funder Therium said on Wednesday.
Posted: May 25, 2022
A new website that published leaked emails from several leading proponents of Britain’s exit from the European Union is tied to Russian hackers, according to a Google cybersecurity official and the former head of U.K. foreign intelligence.
Posted: May 25, 2022
Ford Motor Co. will pay $19.2 million to resolve allegations it falsely advertised real-world fuel economy and payload capacity for some hybrids and pickup trucks, the Iowa Attorney General's Office said on Tuesday.
Posted: May 25, 2022
Joe Talmadge, technology practice leader at brokerage Heffernan, discusses digital D&O and professional liability placements and the insurance market for crypto firms.
Posted: May 24, 2022
Two state Michigan appeals courts have ruled against policyholders in COVID-19-related business interruption litigation.
Posted: May 24, 2022
NFP Corp. said Tuesday its financial institutions group has selected TigerRisk Partners LLC to develop a line slip to transact business with Lloyd’s of London.
Posted: May 24, 2022
Beazley PLC said Tuesday it is introducing an online incident response platform for U.S. cyber policyholders.
Posted: May 24, 2022
Axa XL, a unit of France’s Axa SA, on Tuesday said it has named Libby Benet global chief underwriting officer.
Posted: May 24, 2022
The Roman Catholic Diocese of Rochester, New York, has reached a proposed $147.8 million settlement of sex abuse claims with its insurers, according to a motion filed in federal bankruptcy court.
Posted: May 24, 2022
The Atlantic hurricane season is poised to deliver another round of above-normal storms for the seventh consecutive year, the National Oceanic and Atmospheric Administration said Tuesday.
Posted: May 24, 2022
Arthur J. Gallagher & Co. has recruited former Travelers Cos. Inc. underwriter Haytham Zohny as a senior vice president in its complex risk casualty team.
Posted: May 24, 2022
Allianz Global Corporate & Specialty SE, an Allianz SE unit, said Tuesday that former Swiss Re Corporate Solutions executive Anthony Codding Jr. will join the AGCS financial lines team as regional head of strategy and portfolio steering, North Americ...
Posted: May 24, 2022
Massachusetts’ high court on Tuesday rejected Exxon Mobil Corp.’s bid to dismiss a lawsuit by the state's attorney general accusing the oil company of misleading consumers and investors about climate change and the dangers of using fossil fuels.
Posted: May 24, 2022
Supply chain disruptions due to the COVID-19 lockdowns in China and the surging cost of steel and other components are slowing down the pace of renewable energy sector’s growth in Australia.
Posted: May 24, 2022
Heavy rains and floods again pummeled South Africa’s coastal province of KwaZulu-Natal on May 22, causing property damage and prompting the evacuation of hundreds of people.
Posted: May 24, 2022
French reinsurer Scor SE is now seeking as much as $250 million in retro reinsurance protection from its new catastrophe bond issuance, up from the previous target size of $150 million.
Posted: May 24, 2022
A report by Germany-based Munich Reinsurance Co. said that cyber insurance gap remains “disproportionately high.”
Posted: May 24, 2022