Business Insurance

Cowbell Cyber introduces online marketplace

Cowbell Cyber Inc. has launched Cowbell Rx, an online marketplace for services related to cyber insurance.

Posted: Sep 15, 2021

Poultry processor cited in worker deaths

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

Appeals court affirms insurers’ win against manufacturer

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

COVID-19 business interruption payouts in UK top $1.4B

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 sues New York City over customer data law

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

Construction case study in safety: managing a pandemic

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

Judge blocks N.Y. vaccine mandate for health care workers

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

E&S insurer Ategrity raises $75M in capital

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

M&A insurance rates rising: Liberty Mutual

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

Chalk it up to bad policing of parking violators?

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

Majority of Generali’s board favor another term for CEO Donnet

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

PIB Group acquires Irish counterpart

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

Markel eyes SMEs with new office in France

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

New African free trade pact to benefit larger insurance markets

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

Impact of European floods on reinsurers to outweigh Hurricane Ida

American International Group Inc.’s CEO Peter Zaffino expects much greater impact of European floods from July on reinsurers as compared to the impacts of Hurricane Ida which recently struck the U.S.

Posted: Sep 15, 2021

Damage from riots weigh on pharmacy chain finances

South African pharmacy chain Clicks Group Ltd. has reduced its earnings outlook for the year ended Aug. 31 after suffering heavy damages from the riots that erupted in South Africa in July after the arrest of the country’s former President Jacob Zuma...

Posted: Sep 15, 2021

Saudi insurers’ see over 8% rise in premiums

Data from the Saudi Central Bank showed that local insurers’ aggregate gross written premium increased by more than 8% year-on-year to 9.4 billion Saudi Arabian riyals ($2.5 billion) in the second quarter of the year.

Posted: Sep 15, 2021

Employers struggle to digest Biden’s proposed vaccine mandate

There are more questions than answers for employers bracing for President Joe Biden’s forthcoming COVID-19 vaccine mandate, including who will be charged with enforcing rules and footing the bills, legal experts say.

Posted: Sep 14, 2021

Video: The BI Interview with Grahame Millwater of Acrisure

Grahame Millwater, president of global insurance at Acrisure, discusses the brokerage's international expansion plans and the M&A market.

Posted: Sep 14, 2021

Hartford to pay Boy Scouts $787M for abuse claims

Hartford Financial Services Group Inc. said Tuesday it will pay $787 million pretax in claims under a settlement agreement with the Boy Scouts of America, its local councils and representatives of most of the organization’s sexual abuse claimants.

Posted: Sep 14, 2021

Acrisure names former Disney exec as CFO

Acrisure LLC on Tuesday named Lowell Singer, former head of investor relations at The Walt Disney Co., as its chief financial officer, replacing its former top finance executive who stepped down earlier this year.

Posted: Sep 14, 2021

Charles Taylor launches medical bill review unit

Insurance services provider Charles Taylor on Tuesday launched a medical bill review company for employers, third-party administrators, insurers, government entities and self-funded payers, and international payers.

Posted: Sep 14, 2021

Shanghai braces for typhoon, cancels flights

Typhoon Chanthu, which was expected to hit Shanghai and the province of Zhejiang on Sept. 13, forced authorities to cancel flights and train services and suspend schools.

Posted: Sep 14, 2021

Pin this handy tip to your board: Get it in writing

From cakes to crafts, Pinterest is infamous for possibilities gone awry.

Posted: Sep 14, 2021

Sasria asked to pay riot claims as businesses suffer

Insurance Claims Africa has asked South African state-owned insurer Sasria SOC Ltd. to pay 30% of the insured sum up front to those waiting for the finalization of their riot-related claims to provide interim relief to cash-strapped businesses.

Posted: Sep 14, 2021