Business Insurance
Aon PLC has acquired the remaining shares in Aon India Insurance Brokers Pvt. Ltd. from Catamaran Ventures LLP to gain full control of its Indian insurance brokerage arm.
Posted: Sep 06, 2021
AIR Worldwide said Friday that industry insured losses to onshore property from Hurricane Ida’s winds and storm surge will be $17 billion to $25 billion.
Posted: Sep 03, 2021
Vantage Group Holdings Ltd. said Thursday it is introducing new products in health care and excess and surplus casualty insurance in the United States and Bermuda.
Posted: Sep 03, 2021
An appeals court in Ohio on Thursday issued a reversal and remand of an earlier judgment in which an employee was denied workers compensation coverage after a fall in an employer-controlled parking lot while arriving at work.
Posted: Sep 03, 2021
A federal appeals court Thursday reversed a lower court and ruled a Hartford Financial Services Insurance Group Inc. unit must indemnify a financial services company that was victimized by a scammer.
Posted: Sep 03, 2021
An appeals court in New York on Thursday ruled that a Delta Airlines Inc. flight attendant suffered an occupational illness related to the chemicals in her issued uniform.
Posted: Sep 03, 2021
Alliant Insurance Services Inc. said Thursday it has acquired Biggs Insurance Services, a Vancouver, Washington-based agency that provides commercial and personal insurance, employee benefits and consulting services in the Pacific Northwest.
Posted: Sep 03, 2021
The U.S. securities regulator has been asking money managers to explain the standards they use for classifying funds as environmental, social and governance-focused for several months, Bloomberg News reported, citing people familiar with the matter.
Posted: Sep 03, 2021
The federal agency that takes on companies big and small for fraud, false advertising and more is aiming to come to the aid of those who desperately crave a McFlurry or soft serve sundae from their local McDonald’s franchise.
Posted: Sep 03, 2021
The Irish Data Protection Commission has fined U.S.-based messaging service WhatsApp Inc. €225 million ($264.6 million) for breach of General Data Protection Regulations.
Posted: Sep 03, 2021
French insurer Groupama SA’s total premium income increased by almost 9% year-on-year to €10.1 billion ($12 billion) in the first half of the year, driven by its life and health insurance segment.
Posted: Sep 03, 2021
An Amazon Web Services outage on Sept. 2 caused operational disruptions at several corporations in Tokyo, including airline ANA Holdings Inc., which had to delay some of its flights after its ticketing and check-in system went down.
Posted: Sep 03, 2021
A report by Litmus Analysis Ltd. said that the four largest European reinsurers’ treaty premium increased 11% year-on-year to €12 billion ($14 billion) at the mid-year renewals.
Posted: Sep 03, 2021
South African insurer Santam Ltd. has settled 1.7 billion South African rand ($116 million) worth of COVID-19-related contingent business interruption claims so far.
Posted: Sep 03, 2021
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