Business Insurance
The Kraft Heinz Co. and two former executives have agreed to pay more than $62 million to settle charges they falsified supplier contracts to achieve cost savings in a multi-year accounting scheme, the U.S. Securities and Exchange Commission said Fri...
Posted: Sep 03, 2021
The U.S. Securities and Exchange Commission is investigating Uniswap Labs, the main developer behind one of the world’s largest cryptocurrency exchanges, Uniswap, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Posted: Sep 03, 2021
The Seattle Mariners baseball team and its stadium’s operator may have failed to adequately follow federal guidance for spectators who use wheelchairs under the 1991 Americans with Disabilities Act, a federal appeals court said Wednesday in overturni...
Posted: Sep 02, 2021
John A. Coletti, New York-based chief underwriting officer for cyber and technology in North America for Axa XL, a unit of Axa SA, will join Swiss Re as its head of global cyber, the reinsurer said Thursday.
Posted: Sep 02, 2021
Lexington Insurance Co. has promoted Debra Goldberg to head of the excess and surplus lines insurer’s health care business.
Posted: Sep 02, 2021
Marsh & McLennan Cos. Inc. on Thursday launched its Flood Risk Index to help assess exposure and vulnerability to more frequent and severe flooding.
Posted: Sep 02, 2021
Next Insurance Inc. said Thursday it is offering liquor liability coverage for restaurants as part of a general liability policy.
Posted: Sep 02, 2021
Zachary Finn, director of commercial risk management at Henriott Group Inc., ignited hearts on LinkedIn on Thursday.
Posted: Sep 02, 2021
An appeals court in Arkansas on Wednesday affirmed an Embassy Suites employee failed to establish that she sustained a compensable injury working for the hotel.
Posted: Sep 02, 2021
The U.S. Securities and Exchange Commission Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from thousands of retail investors.
Posted: Sep 02, 2021
Data from Hong Kong’s Insurance Authority showed that the local insurance industry’s total gross premiums dropped 2% to $307 billion Hong Kong ($39.5 billion) in the first half of the year from the same period in 2020.
Posted: Sep 02, 2021
The Insurance Council of Australia said that policyholders have filed more than 6,700 claims worth $281 million Australian ($206.7 million) with insurers for damages caused by the Tropical Cyclone Seroja in Western Australia.
Posted: Sep 02, 2021
Marsh & McLennan Agency LLC, the middle-market agency subsidiary of Marsh, said Thursday it has acquired Grand Forks, North Dakota-based Vaaler Insurance Inc.
Posted: Sep 02, 2021
According to U.K.-based vacant property protection company VPS Holdings Ltd., organized criminal gangs are increasingly stealing construction materials and equipment which are becoming costlier amid the COVID-19 pandemic.
Posted: Sep 02, 2021
China Reinsurance (Group) Corp.’s net profit jumped almost 63% year-on-year to 4 billion Chinese yuan ($618.5 million) in the first half of the year.
Posted: Sep 02, 2021
French state-owned reinsurer Caisse Centrale de Reassurance SA’s gross premiums rose 14% year-over-year to €665 million ($782.15 million) in the first half of the year.
Posted: Sep 02, 2021
Aviation insurers are reluctant to insure commercial flights to Afghanistan amid heightened risks after the country’s takeover by the Taliban and the exit of U.S. troops.
Posted: Sep 02, 2021
Ryan Specialty Group Holdings Inc. reported nearly 30% organic revenue growth in the second quarter and expects strong full-year organic growth, the company’s top executives said in its inaugural earnings call as a public company on Wednesday.
Posted: Sep 01, 2021
Truist Insurance Holding Inc. named the senior leadership of its commercial brokerage McGriff on Wednesday following the departure of former president and CEO Rick Ulmer.
Posted: Sep 01, 2021
A U.S. judge said on Wednesday he would approve OxyContin maker Purdue Pharma LP’s bankruptcy reorganization plan, clearing a path to resolve thousands of opioid lawsuits and shielding the company's wealthy Sackler family owners from future opioid li...
Posted: Sep 01, 2021
A U.S. judge began delivering his ruling on Wednesday on OxyContin maker Purdue Pharma’s request to approve its bankruptcy reorganization plan that would shield the company’s Sackler family owners from future litigation over the opioid crisis.
Posted: Sep 01, 2021
MS Amlin AG’s CEO has stepped down as CEO of the global reinsurer while the chief financial officer of an Amlin unit is leaving the company.
Posted: Sep 01, 2021
Access to medical care had been limited through the pandemic as resources were preserved for the surge of COVID-19 patients, yet the pandemic had no impact on treatment time for injured workers.
Posted: Sep 01, 2021
Insured flood and wind losses from Hurricane Ida are estimated at between $14 billion and $21 billion, according to CoreLogic Inc.
Posted: Sep 01, 2021
The company that operates the bar that inspired the TV show “Cheers” has lost its lawsuit seeking COVID-19 business interruption coverage.
Posted: Sep 01, 2021