Business Insurance
Insurance executives who attended a White House meeting on cybersecurity Wednesday say the meeting was productive and left them more optimistic about businesses’ ability to tackle the issue.
Posted: Aug 26, 2021
A U.S. appeals court on Thursday threw out a $1.2 billion ruling against Gilead Sciences Inc., finding a patent on a cancer therapy it was accused of infringing was invalid, in a blow to rival Bristol Myers Squibb Co.
Posted: Aug 26, 2021
The lawyers whose action prompted billionaire investor William Ackman to make changes to his special purpose acquisition company are preparing to target dozens more such vehicles, according to people familiar with the matter.
Posted: Aug 26, 2021
Shirin Emami has been named acting superintendent of the New York State Department of Financial Services, a spokesman for the governor’s office confirmed Thursday.
Posted: Aug 26, 2021
Notting Hill Risk Retention Group LLC, based in Montgomery, Alabama, on Thursday launched a program providing professional and general liability coverage for long-term care facilities.
Posted: Aug 26, 2021
The California Division of Occupational Safety and Health has endorsed updated guidance from the California Department of Public Health advising employers and employees to wear masks indoors, regardless of vaccination status, as COVID-19 cases and ho...
Posted: Aug 26, 2021
German insurer Element Insurance AG has partnered with Israel-based IT downtime insurance provider Parametrix Insurance Services LLC to debut parametric cloud outage insurance.
Posted: Aug 26, 2021
Dutch insurer ASR Nederland NV estimates €30 million ($35.3 million) worth of insured damage claims from the severe floods that struck the Dutch province of Limburg in July.
Posted: Aug 26, 2021
U.K.-based insurance broker Howden Broking Group Ltd. is looking to expand the use of catastrophe bonds to cover humanitarian funds and other disaster relief efforts.
Posted: Aug 26, 2021
Chinese conglomerate Fosun International Ltd.’s insurance and reinsurance business recorded more than 9% year-on-year growth in revenue to 15.5 billion Chinese yuan ($2.4 billion) in the first half of the year.
Posted: Aug 26, 2021
Dutch insurer NN Group NV’s net profit more than doubled to €1.4 billion ($1.65 billion) in the first half of the year,
Posted: Aug 26, 2021
The U.S. Food and Drug Administration, busy in approvals for a vaccine in the deadly COVID-19 pandemic, took time this week to address the risk of the now-viral milk crate challenge.
Posted: Aug 26, 2021
The hacker who stole data of more than 53 million former and prospective customers of T-Mobile US Inc. said the wireless carrier's security was "awful," the Wall Street Journal reported on Thursday.
Posted: Aug 26, 2021
The U.S. Securities and Exchange Commission is investigating Deutsche Bank's asset manager DWS over how it used sustainable investing criteria to manage its assets, two people with knowledge of the matter said Thursday.
Posted: Aug 26, 2021
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