Business Insurance
German insurer Allianz SE expects to pay around €900 million ($1.1 billion) in gross claims from Storm Bernd, which caused catastrophic floods in Central Europe in July, especially in Germany.
Posted: Aug 09, 2021
The family of a counselor at an at-risk youth services facility who was murdered by a mentally unstable resident can’t sue the facility’s operator for negligence because the incident occurred during the course of the woman’s employment and thus falls...
Posted: Aug 09, 2021
Warren Buffett's Berkshire Hathaway Inc. said Saturday that many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profit and revenue.
Posted: Aug 09, 2021
Brookfield Asset Management Inc.'s Brookfield Reinsurance unit has agreed to buy insurer American National Group Inc. for about $5.1 billion in an all-cash deal, the companies said Monday.
Posted: Aug 09, 2021
A Pennsylvania state court has refused to dismiss a COVID-19-related business interruption suit filed by the New York Yankees’ Triple-A baseball team against CNA Financial Corp.
Posted: Aug 06, 2021
The Biden administration is examining what authority businesses have to mandate vaccines, a top U.S. official told Reuters on Friday, as it considers what more steps can be done to halt the spread of COVID-19.
Posted: Aug 06, 2021
Apple Inc. persuaded a federal judge to throw out a $308.5 million jury verdict it lost to a privately held licensing company for infringing a patent associated with digital rights management.
Posted: Aug 06, 2021
The U.S. Securities and Exchange Commission approved a proposal from stock exchange operator Nasdaq Inc. that requires its listed companies to have diverse boards or explain why they do not.
Posted: Aug 06, 2021
Marsh LLC announced Friday that it has recruited former Willis Towers Watson PLC executives John Atkinson and Michael Pokora to lead a newly formed senior housing and long-term care practice for the United States and Canada.
Posted: Aug 06, 2021
A Pennsylvania state appeals court has ruled that an employee who was terminated because of her medical marijuana use can sue her former employer under state law.
Posted: Aug 06, 2021
A New York judge has agreed to dismiss COVID-19-related business interruption litigation filed by a Dallas-based restaurant chain against a Swiss Re Ltd. unit.
Posted: Aug 06, 2021
Insurance-linked securities issuance totaled $5.614 billion across 19 transactions in the second quarter, nearly double the $2.813 billion issued in the year-earlier period, according to a report Friday from Aon PLC.
Posted: Aug 06, 2021
The Utah Supreme Court ruled Thursday that an independent medical examiner who gave his opinion on the condition of an injured worker cannot be sued by the worker because there was no physician-patient relationship established.
Posted: Aug 06, 2021
CNA Financial Corp. said Chief Operations Officer Michael Costonis would move to a new position at the insurer and it has recruited an executive from a reinsurer to replace him as operations leader.
Posted: Aug 06, 2021
The termination of Aon’s planned acquisition of rival Willis Towers Watson continues to dominate the news, as the two brokerages plot their separate paths going forward.
Posted: Aug 06, 2021
Bahrain Kuwait Insurance Co. BSC’s gross premium revenue increased more than 19% year-on-year to 20 million Bahraini dinar ($54 million) in the second quarter.
Posted: Aug 06, 2021
According to the Chinese meteorological center, Typhoon Lupit made landfall in the Chinese province Guangdong on July 5, becoming the ninth typhoon to hit China this year.
Posted: Aug 06, 2021
Insurers in Central and Eastern Europe recorded almost 5% year-over-year increase in aggregate gross written premiums to €10.3 billion ($12.3 billion) in the first quarter.
Posted: Aug 06, 2021
German reinsurer Hannover Re SE expects to record up to a €250 million ($297 million) net loss from the recent deadly floods that ravaged parts of Europe, especially Germany.
Posted: Aug 06, 2021
Fast-spreading COVID-19 Delta variant infections across Southeast Asia have triggered new lockdowns and restrictions that are hurting the production and supply chains of several Japanese companies that have factories in the region.
Posted: Aug 06, 2021
The China Banking and Insurance Regulatory Commission said that the insurers have already received more than 11 billion Chinese yuan ($1.7 billion) in damage claims for the recent floods that ravaged the central province Henan.
Posted: Aug 06, 2021
American International Group Inc. saw double-digit rate increases in numerous lines during the second quarter, including a nearly 40% increase in cyber liability insurance rates, the insurer’s top executive said Friday.
Posted: Aug 06, 2021
Oliver Baete, CEO of Germany's Allianz, on Friday spoke of a “horrible week” for him and the insurer, his first response to a disclosure that the U.S. Department of Justice was investigating losses at its fund division.
Posted: Aug 06, 2021
American International Group Inc. beat second-quarter profit estimates on Thursday, driven by strong performance in its general insurance and life and retirement units.
Posted: Aug 05, 2021
Two senior U.S. senators planned legislation on Thursday that would fight ransomware attacks on U.S. infrastructure by sanctioning countries the harbor cybercriminals and strengthening protections against attacks.
Posted: Aug 05, 2021