Business Insurance
Insured losses in Mexico and the Caribbean from Tropical Storm Grace will be approximately $330 million, according to an analysis released Thursday by Karen Clark & Co.
Posted: Aug 26, 2021
CannGen Insurance Services said Thursday it has launched CannGenPRO, a new division that will offer management and professional liability insurance.
Posted: Aug 26, 2021
The U.S. government on Wednesday said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to “raise the bar on cybersecurity.”
Posted: Aug 26, 2021
Chubb Ltd. on Wednesday named Richard Barnett, executive vice president, head of North America construction surety.
Posted: Aug 25, 2021
A Yelm, Washington, man working for a bathroom products manufacturing company pleaded guilty Tuesday to third-degree theft after faking a work injury he actually suffered in a brawl at a local bar, the Washington State Department of Labor & Industrie...
Posted: Aug 25, 2021
An insurer was not obligated to defend a debt collection law firm that was sued after it mistakenly pursued the wrong person under an exclusion in its coverage, a federal appeals court ruled Wednesday.
Posted: Aug 25, 2021
The Alaska Supreme Court ruled Friday that an injured school worker’s injuries were related to a pre-existing condition and not the result of lifting a disabled student.
Posted: Aug 25, 2021
Danske Bank A/S and former top executives on Wednesday defeated an appeal in New York by shareholders claiming they were defrauded because the Danish bank allowed widespread money laundering at its former Estonian branch.
Posted: Aug 25, 2021
Workers for construction contractors in business less than four years make up 75% of workers compensation claims paid out in the sector, according to a report released Wednesday by AmTrust Financial Services Inc.
Posted: Aug 25, 2021
Swiss Re Ltd. has entered a 10-year carbon removal purchase agreement valued at $10 million with Zurich-based Climeworks AG, a specialist in carbon dioxide air capture technology.
Posted: Aug 25, 2021
Two states have passed workers compensation infectious disease presumptions that go beyond that for COVID-19 infections, five states are still considering such measures and eight such legislative efforts failed throughout 2021.
Posted: Aug 25, 2021
Data from Morocco’s Insurance and Social Insurance Supervisory Authority showed that local insurers’ total premiums increased by more than 12% year-on-year to 28.5 billion Moroccan dirhams ($3.2 billion) in the first half of the year.
Posted: Aug 25, 2021
The Cologne Institute for Economic Research said that German companies suffered an estimated €53 billion ($62 billion) in damage from cyberattacks as they transitioned to work from home arrangements in 2020.
Posted: Aug 25, 2021
The Indonesian government has launched a new disaster risk pooling facility with initial capacity of 7.3 trillion Indonesian rupiah ($500 million) to help cover the economic losses stemming from severe weather and other natural catastrophes.
Posted: Aug 25, 2021
Willis Towers Watson PLC said Wednesday it has entered an initial, non-binding agreement to acquire Leaderim, an insurance broking and consultancy business in Israel.
Posted: Aug 25, 2021
German train driver union’s second two-day strike from Aug. 23 is likely to disrupt supply chains of industrial and retail sectors, already suffering from COVID-19-triggered staff shortages and logjams at global container ports.
Posted: Aug 25, 2021
A significant rise in COVID-19 cases in Malaysia is threatening the semiconductor chip supply chains and intensifying the pressure on automakers − already forced to cut down productions due to the chip shortage.
Posted: Aug 25, 2021
Delta Air Lines told unvaccinated employees on Wednesday they will have to pay an additional $200 per month for their company-sponsored healthcare plan.
Posted: Aug 25, 2021
U.K.-based data insight and consultancy Insurance DataLab said that COVID-19 pandemic-triggered business interruption claims pushed Lloyd’s of London to a £2 billion ($2.8 billion) loss in 2020.
Posted: Aug 25, 2021
Formal U.S approval of the Pfizer Inc./BioNTech SE COVID-19 vaccine will make it nearly impossible to successfully challenge mandates by employers, legal experts said.
Posted: Aug 25, 2021
U.S. reinsurers reported $37.1 billion in net premiums in the first half of 2021, a 15.6% increase over the same period last year, according to a report from the Reinsurance Association of America released Wednesday.
Posted: Aug 25, 2021
The German insurance industry association GDV estimates that there will be around €7 billion ($8.22 billion) in claims from storms that brought catastrophic flooding to parts of the country last month, it said on Wednesday.
Posted: Aug 25, 2021
Peter Arkley, president of Alliant Specialty Group, discusses the outlook for the construction sector with the infrastructure bill pending in Congress, construction insurance pricing and how risk managers can navigate the current market.
Posted: Aug 25, 2021
U.K.-based insurance broker Howden Broking Group Ltd. has named Jeroen Everling as chief executive of its corporate business in the Netherlands.
Posted: Aug 25, 2021
Insured losses from Hurricane Henri, which hit the northeastern United States earlier this week, will be close to $155 million, catastrophe modeler Karen Clark & Co. said Wednesday.
Posted: Aug 25, 2021