Business Insurance
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
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