Business Insurance
Mexico sued several gun makers in a U.S. federal court on Wednesday, accusing them of reckless business practices that supply what it called a “torrent” of illegal arms to violent Mexican drug cartels, leading to thousands of deaths.
Posted: Aug 05, 2021
Opioid prescription reduction is linked to worsened pain and depressed mood, according to a study released Tuesday by the University of California Davis School of Medicine and published in the Journal of the American Medical Association.
Posted: Aug 05, 2021
Alliant Insurance Services Inc. Thursday named a former Willis Towers Watson PLC broker as a senior vice president in its public entity insurance business, the brokerage’s third such announcement in the past week.
Posted: Aug 05, 2021
The Florida Department of Financial Services announced that the owner of a carpentry contracting firm has been charged with allegedly concealing payroll to avoid paying at least $365,000 in workers compensation premiums.
Posted: Aug 04, 2021
The insurance industry was the most frequent focus of ransomware attacks in the first half of this year, while the overall number of cyberattack incidents increased 125%, according to an Accenture PLC report released Wednesday.
Posted: Aug 04, 2021
The Occupational Safety and Health Administration on Monday released plans for two regional emphasis programs that will target the transportation tank cleaning industry in the Midwest and those facing confined space dangers in Texas, Oklahoma, Arkans...
Posted: Aug 04, 2021
Hard market conditions persist in the commercial insurance sector but appear to be moderating on some fronts as rate increases decelerate across some lines and capacity enters the market, according to a report released Tuesday by Aon PLC.
Posted: Aug 04, 2021
Alliant Insurance Services Inc. Wednesday named former Willis Towers Watson PLC executive Mike Honeycutt as senior vice president, Alliant Public Entity.
Posted: Aug 04, 2021
Ratings agency A.M. Best Co. Inc. expects the Malaysian nonlife insurance industry to maintain strong pricing and underwriting discipline amid the phased de-tarrification of fire and motor business.
Posted: Aug 04, 2021
U.A.E.-based insurer Orient Insurance PJSC’s gross written premiums rose almost 14% year-on-year to 2.9 billion United Arab Emirates dirhams ($793.5 million) in the first half of the year.
Posted: Aug 04, 2021
The Japan Meteorological Agency said that a 6.0-magnitude earthquake struck off the coast of the Ibaraki prefecture in Japan on July 4, sending tremors that were felt by those attending the Olympic Games in Tokyo.
Posted: Aug 04, 2021
A report by the European Union Agency for Cybersecurity predicts software supply chain attacks to quadruple in 2021 from 2020.
Posted: Aug 04, 2021
Data from the Insurance Association of Turkey showed that local insurers’ combined premium income rose almost 17% year-on-year to around 47 billion Turkish lira ($5.6 billion) in the first half of the year.
Posted: Aug 04, 2021
Lloyd’s of London, Chubb Ltd. and VLC & Partners BV have rejected insurance claims worth millions of euros submitted by businesses affected by the recent flooding in the Dutch province of Limburg.
Posted: Aug 04, 2021
According to Marsh LLC’s Global Insurance Market Index, insurance pricing in Asia increased 6% year-over-year in the second quarter, reflecting continued rate moderation.
Posted: Aug 04, 2021
Italian insurer Assicurazioni Generali SpA said that it has tapped into its reinsurance arrangements to pay natural catastrophe claims it received in the first half of the year.
Posted: Aug 04, 2021
A survey of 5,000 flight attendants released last week confirmed what recent Federal Aviation Administration data and numerous media reports show: Violence in the sky is a reality for those whose job is tending to airline passengers.
Posted: Aug 04, 2021
Kevin Thomas, principal risk manager at Oracle and chair of RIMS' diversity, equity and inclusion advisory council, discusses DE&I efforts and why risk managers should get involved.
Posted: Aug 04, 2021
A huge increase in the number of mergers coming before the Federal Trade Commission for antitrust reviews is limiting its ability to investigate deals in a timely fashion, the FTC said Tuesday.
Posted: Aug 03, 2021
The chair of the U.S. Securities and Exchange Commission on Tuesday called on Congress to give the agency more authority to better police cryptocurrency trading, lending and platforms, a "Wild West" he said is riddled with fraud and investor risk.
Posted: Aug 03, 2021
An Idaho counties risk pool must defend the city of Idaho Falls and its police officers in litigation filed in connection with an innocent man’s imprisonment for rape and murder, a state court ruled.
Posted: Aug 03, 2021
Willis Towers Watson PLC will conduct a strategic review of its reinsurance brokerage business and its CEO still expects to retire by year-end, the executive said in its second-quarter earnings call with analysts Tuesday.
Posted: Aug 03, 2021
Only 16% of employers are making COVID-19 vaccinations mandatory for current employees, while 14% are requiring vaccinations for new hires only, according to a survey of 150 employers released Monday by law firm Blank Rome LLP.
Posted: Aug 03, 2021
Generali on Tuesday said it was on track to meet full-year targets after Italy's top insurer reported a good performance across all business sectors to slightly beat first-half expectations.
Posted: Aug 03, 2021
The U.S. Securities and Exchange Commission will consider revising recent changes to its whistleblower program made under former President Donald Trump, the markets regulator's chair said Monday.
Posted: Aug 03, 2021