Business Insurance
The ongoing global supply chain disruptions are adversely affecting small businesses in Europe that rely on imports and exports.
Posted: Aug 30, 2021
Data from the South Korean Financial Supervisory Service showed that local insurers’ total net income jumped 50% year-on-year to 5.7 trillion South Korean won ($4.9 billion) in the first half of the year.
Posted: Aug 30, 2021
Scottish police and security experts have issued warning for possible cyber attacks on the infrastructure of Glasgow – the venue for the 2021 United Nations Climate Change Conference.
Posted: Aug 30, 2021
Ohio Gov. Mike DeWine requested that the board of directors for the Bureau of Workers’ Compensation expand a 2020 dividend to include about 3,000 employers that did not meet eligibility requirements last year.
Posted: Aug 30, 2021
Willis Towers Watson PLC on Monday named Andrew Krasner as its chief financial officer, succeeding Mike Burwell who is leaving the company.
Posted: Aug 30, 2021
Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region's offshore wells, nearly half its motor fuel production and closing energy-export ports.
Posted: Aug 30, 2021
A Chicago judge ruled in favor of a Wisconsin insurer in 17 separate COVID-19-related business interruption cases this week.
Posted: Aug 27, 2021
The Roman Catholic Diocese of Brooklyn has filed suit against the runoff operation of Royal & SunAlliance USA Inc. and its directors and officers in state court in North Carolina.
Posted: Aug 27, 2021
A Texas appeals court on Wednesday denied employer negligence in a personal injury case involving four workers in a single-vehicle accident, finding that four plaintiffs were not on duty at the time of the accident.
Posted: Aug 27, 2021
Brown & Brown of Massachusetts LLC, a subsidiary of Brown & Brown Inc., has agreed to acquire Berkshire Insurance Group Inc., the insurance agency unit of Boston-based Berkshire Hills Bancorp Inc.
Posted: Aug 27, 2021
Allied World Assurance Co. Ltd. and Zurich Insurance Corp. N.A. units are not obligated to indemnify a hospital system and physician under their excess medical malpractice policies for the birth of a girl who suffers from cerebral palsy and other iss...
Posted: Aug 27, 2021
The Virginia Supreme Court on Thursday ruled that the injuries suffered by a police officer who claimed he was injured while acting the role of a suspect in a training exercise are compensable, despite the officer not being able to pinpoint the exact...
Posted: Aug 27, 2021
The extended deadline to submit nominations for Business Insurance’s 2021 Women to Watch Awards is 11:59 p.m. Central on Sept. 2.
Posted: Aug 27, 2021
A Swiss Re Institute found there is a $60 billion protection gap in Asia, driven by losses from natural catastrophes.
Posted: Aug 27, 2021
A report by the American Meteorology Society said that the 2020 North Indian Ocean cyclone season was the costliest either, with estimated total damage of $16 billion.
Posted: Aug 27, 2021
German insurers are backing a new climate change adaptation concept to tackle losses resulting from severe weather events.
Posted: Aug 27, 2021
A report by Sedgwick Claims Management Services Inc. said that the ongoing global semiconductor chip shortage could increase the risk of more vehicle recalls in Europe in the upcoming years.
Posted: Aug 27, 2021
Ping An Insurance (Group) Company of China Ltd.'s net profit dropped 15.5% year-on-year to 58 billion Chinese yuan ($8.94 billion) in the first half of the year.
Posted: Aug 27, 2021
Aon announced its second major leadership reorganization after calling off its deal to acquire rival Willis Towers Watson. Meanwhile, Willis has filed poaching litigation against Lockton Cos. and Alliant Insurance Services.
Posted: Aug 27, 2021
T-Mobile US Inc. said Friday it was confident there were no continuing risks to user data from a breach disclosed earlier this month that affected more than 53 million current, former and prospective customers.
Posted: Aug 27, 2021
Costs for pain-relieving creams for injured workers rose 10% from 2015 to 2019, despite the lack of approval from the Food and Drug Administration for most of the compound drugs, and a dearth of guidelines on use and efficacy, according to a study re...
Posted: Aug 27, 2021
Microsoft on Thursday warned thousands of its cloud computing customers, including some of the world's largest companies, that intruders could have the ability to read, change or even delete their main databases, according to a copy of the email and...
Posted: Aug 27, 2021
The legal tussle around special purpose acquisition companies intensified Friday as a group of U.S. law firms hit out against lawsuits last week that called for blank-check firms to be regulated as investment companies.
Posted: Aug 27, 2021
Peloton Interactive Inc. said on Friday U.S. regulators were investigating the company, adding to the exercise bike maker's woes as it deals with a backlash over reports of accidents involving its treadmills.
Posted: Aug 27, 2021
A Travelers Cos. Inc. unit is not obligated to pay an almost $3 million settlement between a Florida citrus grove owner and its manager based on an exclusion in the manager’s policy, an appellate court said Thursday, in affirming a lower court ruling...
Posted: Aug 26, 2021