Business Insurance
Representations and warranties insurers paid out more than $150 million on policies placed by Aon PLC in North America in 2020, the brokerage said in a report Thursday.
Posted: Sep 16, 2021
Risk Management Solutions Inc. said Thursday total onshore and offshore U.S. insured losses from Hurricane Ida are estimated between $31 billion and $44 billion.
Posted: Sep 16, 2021
Is it safe to speak up? That’s one question employers should focus on when trying to improve workplace safety, according to an expert on workplace culture.
Posted: Sep 16, 2021
U.S. property/casualty insurers will see profits slow in the second half of 2021 as Hurricane Ida-related losses and other natural catastrophes dent results, Fitch Ratings Inc. said Thursday.
Posted: Sep 16, 2021
Corvus Insurance Holdings Inc. and Bermuda-based insurer and reinsurer SiriusPoint Ltd. on Wednesday said they have partnered to offer a cyber insurance program with up to $5 million in limits.
Posted: Sep 16, 2021
The China Earthquake Networks Center said that a 6.0-magnitude earthquake jolted Luxian county in southwestern China on Sept. 16, triggering second-highest level of emergency response in the region.
Posted: Sep 16, 2021
Torrential rains caused severe flooding in parts of Gard Department in southern France on Sept. 14, damaging buildings and railway tracks that led to the disruption of rail services between Nimes and Montpellier.
Posted: Sep 16, 2021
Industrial production and consumer spending in China slowed in August, weighed down by the resurgence of COVID-19 cases, supply chain disruptions and the impacts of recent floods.
Posted: Sep 16, 2021
U.K.-based online grocer Ocado Retail Ltd. said that it lost £35 million ($48.5 million) in revenue due to a fire that hit its largest automated warehouse in Erith, London, on July 16.
Posted: Sep 16, 2021
Austria-based specialist insurance broker Greco International AG has acquired 72% stake in Latvia-based MAI CEE Insurance Brokers Ltd. from Oman-based Risk Management Services LLC.
Posted: Sep 16, 2021
President Joe Biden’s Justice Department is taking over where that of former President Donald Trump left off, challenging a three-year-old Washington state law that calls on the federal government to pay workers compensation costs for employees made...
Posted: Sep 15, 2021
Cowbell Cyber Inc. has launched Cowbell Rx, an online marketplace for services related to cyber insurance.
Posted: Sep 15, 2021
The Occupational Safety and Health Administration on Tuesday announced it has cited a Gainesville, Georgia, poultry processor for 23 safety and health violations following an ongoing investigation of a Jan. 28 uncontrolled release of liquid nitrogen...
Posted: Sep 15, 2021
A federal appeals court affirmed a lower court ruling in favor of a group of insurers Tuesday in litigation filed by a Pittsburgh manufacturing company, stating the lawsuit had been filed too late.
Posted: Sep 15, 2021
Small companies in Britain, which demanded that their insurers cover claims for losses accrued during the COVID-19 pandemic, have received more than one billion pounds ($1.4 billion) in full and interim business interruption payouts to date.
Posted: Sep 15, 2021
DoorDash Inc. sued New York City on Wednesday over a new law requiring food delivery companies to share customer data with restaurants, saying it violates customer privacy and lets restaurants compete unfairly.
Posted: Sep 15, 2021
When news first broke of an unknown, deadly virus plaguing China, Atlanta-based Batson-Cook Construction’s executive leadership took action to prepare for the worst, said Nicole Ivers, the company’s vice president of health, safety and environment.
Posted: Sep 15, 2021
A U.S. judge in New York on Tuesday temporarily blocked the state from enforcing a requirement that health care workers receive COVID-19 vaccines against the wishes of employees with religious objections.
Posted: Sep 15, 2021
Excess and surplus lines insurer Ategrity Specialty Insurance Co. said Wednesday it has completed the raising of $75 million in capital, led by Boston-based Sequentis Financial LLC.
Posted: Sep 15, 2021
Representations and warranties insurance rates in the Americas have increased by up to 25% since the third quarter of 2020, due to rising claims amid a rebound in mergers and acquisitions activity, Liberty Global Transaction Solutions, part of Libert...
Posted: Sep 15, 2021
It’s an issue on constitutionality that won’t get wiped away. Is it ever OK for a parking enforcement officer to place chalk marks on a car tire when scouring for illegally parked vehicles?
Posted: Sep 15, 2021
Italian insurer Assicurazioni Generali SpA said that more than two-thirds of its board is in favor of re-appointing the incumbent chief executive Philippe Donnet in his role.
Posted: Sep 15, 2021
U.K.-based insurance broker PIB Group Ltd. has acquired Irish counterpart Oliver Murphy Insurance Brokers Ltd., which caters to the commercial and personal lines insurance markets.
Posted: Sep 15, 2021
U.S.-based Markel Corp. has opened a new branch office in Paris to provide its specialist insurance support to the region’s small and medium-sized enterprises.
Posted: Sep 15, 2021
According to a survey, 71% of insurance executives expect the newly implemented African Continental Free Trade Area arrangement to benefit larger insurance markets such as South Africa, Morocco and Kenya in the short to medium term.
Posted: Sep 15, 2021