Business Insurance
The New York State Division of Human Rights has filed a complaint against Amazon.com Inc., accusing the online retailer of discriminating against pregnant and disabled workers at its worksites, Gov. Kathy Hochul said Wednesday.
Posted: May 19, 2022
A federal appeals court Tuesday affirmed dismissal of a COVID-19-related business interruption lawsuit filed against Lloyd’s of London underwriters by two pizzerias.
Posted: May 19, 2022
Insurers are not increasing coverage levels and rates sufficiently to offset rising construction costs amid higher inflation, Moody’s Investors Service Inc. said in a report Wednesday.
Posted: May 19, 2022
Phishing attacks deployed for initial access into companies’ computer systems increased by more than half in the first quarter compared with last year’s fourth quarter, says a report issued Tuesday.
Posted: May 19, 2022
The U.S. cybersecurity watchdog agency on Wednesday ordered federal officials to update or remove a slew of products made by digital services company VMWare Inc., saying hackers were actively using vulnerable versions of the products to break into ta...
Posted: May 19, 2022
A federal appeals court affirmed a lower court ruling in favor of an Iowa reinsurer in a dispute with a Munich Re unit over cleanup and property damages related to construction that created silica dust.
Posted: May 19, 2022
Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three years.
Posted: May 19, 2022
A private investment firm said Tuesday it has recapitalized broker Patriot Growth Insurance Services LLC.
Posted: Sep 21, 2021
Willis Towers Watson has filed suit against Marsh LLC in state court in Chicago in connection with the poaching of 25 employees.
Posted: Sep 21, 2021
San Jose University in San Jose, California, will pay $1.6 million to settle federal charges it failed to adequately respond to reports of sexual harassment, including sexual assault, against its female students by a university athletic trainer.
Posted: Sep 21, 2021
A federal court on Tuesday granted a preliminary injunction in favor of a captive management company that alleged the IRS was overstepping its authority in imposing a reporting requirement on microcaptives without first submitting it for congressiona...
Posted: Sep 21, 2021
Patrick G. Ryan, founder chairman and CEO of Ryan Specialty Group, and Timothy W. Turner, president of the specialty intermediary, discuss the company's recent IPO and the state of the excess and surplus lines market.
Posted: Sep 21, 2021
An indoor plant subscription company says it wants you to “build a sustainable long-term relationship” with your houseplants and that its commitment to those of us who worry that our new green friends might not make it past a season now comes with in...
Posted: Sep 21, 2021
HDI Global Insurance Co. said Tuesday it had named former Axis Capital Holdings Ltd. executive David Sapia director of liability underwriting, a newly created position.
Posted: Sep 21, 2021
Facebook Inc. said on Tuesday it has invested more than $13 billion in safety and security measures since 2016, days after a newspaper reported the company had failed to fix “the platform’s ill effects” researchers had identified.
Posted: Sep 21, 2021
Video game publisher Activision Blizzard said on Tuesday that it continues to work with regulators on addressing and resolving the workplace complaints it has received.
Posted: Sep 21, 2021
Karen Clark & Co. on Tuesday released a high-resolution U.S. wildfire model that accounts for the impacts of climate change and provides a view of future loss potential.
Posted: Sep 21, 2021
H.W. Kaufman Group Inc. said Tuesday it has expanded into South America by acquiring Santiago, Chile-based specialty brokerage Prospect Brokers Chile.
Posted: Sep 21, 2021
The Biden administration on Monday announced enhanced and expanded measures by the Occupational Safety and Health Administration to combat hazards associated with extreme heat exposure faced by workers indoors and outdoors.
Posted: Sep 21, 2021
Boston-based consultancy Xceedance Inc. said Tuesday it has launched Xceedance Claims TPA for insurers.
Posted: Sep 21, 2021
Nigeria-based African Reinsurance Corp.’s net profit increased 27% year-on-year to $23.7 million in the first half of the year, driven by improved underwriting and investment performance.
Posted: Sep 21, 2021
Arthur J. Gallagher & Co. said Tuesday it has acquired Bastrop, Louisiana-based Files Agribusiness LLC.
Posted: Sep 21, 2021
The Risk & Insurance Management Society Inc. said Tuesday it will require anyone wishing to attend a RIMS in-person event to show proof they have been vaccinated against COVID-19.
Posted: Sep 21, 2021
Sawmills, which saw demand for their products surge during the pandemic as DIY projects increased, are facing their own supply and demand issues in insurance.
Posted: Sep 21, 2021
A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford's Ponzi scheme, the largest by dollar amount other than Bernard Madoff's fraud, the receiver's lawyers said Monday.
Posted: Sep 21, 2021