Business Insurance
The U.S. Occupational Safety and Health Administration cited a Wisconsin art supply manufacturing company after a worker’s February amputation injury.
Posted: Aug 21, 2023
Corporate creators, do you want copyright protections to keep your artistic works from being stolen? Better fire your artificial intelligence.
Posted: Aug 21, 2023
New issuance of catastrophe bonds during the first half of 2023 set records for both dollar amount at $9.85 billion and deal total with 64 tranches of notes, according to a report Monday from Swiss Re Ltd.
Posted: Aug 21, 2023
Russia’s Ministry of Emergency Situations said that a fire broke out at the key Russian Black Sea port of Novorossiysk on Aug. 18, with the cause of the blaze yet unknown, TradeWinds reported citing Yahoo. The fire reportedly started in a cargo area...
Posted: Aug 21, 2023
A report published by Clyde & Co. showed that the Middle East and Africa was the only region worldwide to see an uptick in insurance mergers and acquisitions in the first half of this year, with nine deals completed compared to eight in the previous...
Posted: Aug 21, 2023
Data from Egypt’s Financial Regulatory Authority showed that local insurers recorded a 28.9% year-on-year growth in total insurance premiums to 35.8 billion Egyptian pound ($1.15 billion) in the first half of this year, driven by growth in the non-li...
Posted: Aug 21, 2023
Australia-based Echo Law Pty Ltd. has initiated a class action against Qantas Airways Ltd. in federal court, alleging that the airline’s use of COVID-19 travel credits allowed it to treat its customers’ money as more than $1 billion in interest-free...
Posted: Aug 21, 2023
The Slovenian government has raised its estimates for the damage caused by the recent floods from the initial €500 million ($543.4 million) to several billions of euros, Xprimm reported. The estimates for insured losses caused by the floods may excee...
Posted: Aug 21, 2023
Insurance Australia Group Ltd. posted 10.6% year-on-year growth in gross written premiums to $14.73 billion Australian ($9.42 billion) in the fiscal year ended June 30, Reuters reported. The insurer’s cash earnings more than doubled to AUD452 million...
Posted: Aug 21, 2023
Mosaic Insurance Holdings Ltd. said Monday it has appointed former Axis Capital Holdings Ltd. executive David Drogin senior vice president, head of U.S. cyber.
Posted: Aug 21, 2023
Bermuda’s insurance regulator said Friday it has agreed with Aon PLC to appoint provisional liquidators for cells associated with troubled reinsurance intermediary Vesttoo Ltd. that are contained in an Aon segregated account company domiciled on the...
Posted: Aug 18, 2023
The U.S. Occupational Safety and Health Administration on Thursday announced it cited a Pennsylvania cement manufacturer after a worker drowned in February.
Posted: Aug 18, 2023
Due to multiple requests for more time, the nomination deadline for the Business Insurance 2023 Women to Watch Awards has been extended to Sept. 1.
Posted: Aug 18, 2023
The U.S. Equal Employment Opportunity Commission announced Friday that Corning Inc. will pay $120,000 and furnish other relief to settle a sex discrimination lawsuit brought by the commission.
Posted: Aug 18, 2023
Australia-based financial service firm Latitude Group Holdings Ltd. has reported a loss of $98.2 million Australian ($62.9 million) from continuing operations in the first half of its financial year, after spending AUD76 million on dealing with the c...
Posted: Aug 18, 2023
Perils AG has increased its insured and reinsured loss estimates for Cyclone Gabrielle, which impacted the North Island of New Zealand Feb. 11-17, by nearly 5% to $2.02 billion New Zealand ($1.2 billion), Asia Insurance Review reported. The figure in...
Posted: Aug 18, 2023
AssuredPartners Inc. said Friday it has promoted Stephanie Lockwood to chief financial officer of its retail division.
Posted: Aug 18, 2023
A class-action lawsuit against Frontier Airlines over its all-you-can-fly deal claims that in addition to the airline reneging on baggage allowances, booking online might call for time travel: availability for travel dates only shows flights for the...
Posted: Aug 18, 2023
The U.S. Occupational Safety and Health Administration on Thursday announced it cited a Pennsylvania cement manufacturer after a worker drowned in February.
Posted: Aug 18, 2023
A Pennsylvania appellate court ruled the City of Philadelphia can recover, through subrogation, benefits paid through the Heart and Lung Act to an injured city police officer.
Posted: Aug 18, 2023
Lisa Haug, assistant vice president of medical management at Safety National Casualty Corp., discusses social determinants of health and the impact on injured worker recovery.
Posted: Aug 18, 2023
The Occupational Safety and Health Administration has again cited a Wilkes-Barre, Pennsylvania-based roofing contractor for exposing employees to falls from heights of up to 27 feet without fall protection, fining the company $328,143.
Posted: Aug 18, 2023
A federal appeals court Wednesday affirmed a lower court ruling in a Berkshire Hathaway Inc. unit’s favor in a dispute over a late claim filed under a nonprofit’s claims-made directors and officers liability insurance policy.
Posted: Aug 17, 2023
A jury should decide whether oil rig workers are entitled to be paid for the time they spend changing into and out of protective gear, a federal appeals court ruled Wednesday, in overturning a lower court.
Posted: Aug 17, 2023
The Liberty Company Insurance Brokers Inc. said Thursday it completed a $340 million refinancing on July 31 and plans further acquisitions.
Posted: Aug 17, 2023