Business Insurance
Japanese company Murata Manufacturing Co. Ltd. closed its Echizen, Japan-based plant until Aug. 31 after a cluster outbreak of COVID-19, thereby threatening the supplies of multilayer ceramic capacitors – a key component used in cars, smart phones an...
Posted: Sep 01, 2021
French insurer Groupama SA has acquired Croatian insurer OTP Osiguranje dd, effective Sept. 1.
Posted: Sep 01, 2021
Spanish insurer Mapfre SA has made the third insurance payout of $100 million to Colombian utility Empresas Publicas de Medellin for damage it suffered at its Ituango hydroelectric project in Antioquia town in April 2018.
Posted: Sep 01, 2021
Australian casino operator The Star Entertainment Group Ltd. has appealed the Australian Federal Court’s recent decision to reject its attempt to seek business interruption insurance payout from its insurers for COVID-19 lockdown-related losses.
Posted: Sep 01, 2021
Dutch insurer Achmea Holding NV’s gross written premiums dropped 2% year-on-year to €17.40 billion ($20.5 billion) in the first half of the year.
Posted: Sep 01, 2021
Mosaic Insurance Holdings Inc. on Wednesday named former Hamilton Group executives Tim Glover chief underwriting officer and David White underwriting director.
Posted: Sep 01, 2021
It’s hard to believe it’s been 20 years since the catastrophic events of Sept. 11, 2001.
Posted: Sep 01, 2021
Mergers and acquisitions activity continues in the excess and surplus lines sector, while new capital continues to enter the market.
Posted: Sep 01, 2021
Among the limiting factors for employers considering mandating COVID-19 vaccinations are attracting and retaining talent and the prospect of employment litigation, experts say.
Posted: Sep 01, 2021
Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co. said Wednesday.
Posted: Sep 01, 2021
Excess and surplus lines insurance buyers are still contending with rate hikes after several years of sharply rising prices, but the pace of increases has slowed, even while more business flows into the sector.
Posted: Sep 01, 2021
Top 10 U.S.-based surplus lines insurers, wholesalers and MGAs, state premium trends and more.
Posted: Sep 01, 2021
Excess and surplus lines are poised to have a strong 2021 after a challenging year in 2020, Fitch Ratings Inc. said in a report Tuesday.
Posted: Aug 31, 2021
Sutter Health, a Sacramento, California-based health care services provider, and several affiliated entities have agreed to pay $90 million to resolve charges it violated the False Claims Act.
Posted: Aug 31, 2021
Marsh LLC said Tuesday it has recruited former Willis Towers Watson PLC executive Duncan Ashurst as risk management leader in its Chicago office.
Posted: Aug 31, 2021
Ascot Group Ltd. said Tuesday it was consolidating its reinsurance activities under Ascot Reinsurance.
Posted: Aug 31, 2021
Production on the new “Mission: Impossible” movie was shut down seven times due to COVID-19, prompting a lawsuit filed on Monday that accuses the film’s insurance company of failing to pay out for all but one of the costly stoppages, Reuters reported...
Posted: Aug 31, 2021
In what is apparently the third federal appeals court ruling on the issue, the 11th U.S. Circuit Court of Appeals in Atlanta has ruled against a dental practice in a COVID-19 business interruption lawsuit.
Posted: Aug 31, 2021
Modern Reign Insurance Brokers, a regional commercial lines brokerage based in Mission Viejo, Calif., announced its opening on Monday.
Posted: Aug 31, 2021
New York Gov. Kathy Hochul on Tuesday nominated Adrienne Harris to be the next superintendent of the New York State Department of Financial Services.
Posted: Aug 31, 2021