Business Insurance
Qatar Insurance Company S.A.Q.’s net profit increased 180% year-on-year to 325 million Qatari riyals ($89.26 million) in the first half of this year, Reinsurance News reported. The insurer’s gross written premiums declined by 12.7% year-on-year to QA...
Posted: Aug 16, 2023
AMC Entertainment Inc. was hit with a class-action lawsuit on behalf of preferred shareholders challenging its stock conversion plan, just days after the cinema operator ended a bruising legal fight with a different group of investors.
Posted: Aug 16, 2023
The controversial trend of tacking on automatic tips, or “service charges,” to customer bills will likely have a trickle-down effect on workers compensation premiums, which are likely to increase for some employers, according to experts.
Posted: Aug 16, 2023
Rod Harvey, director of industrial hygiene and field services at RHP Risk Management, discusses how heat waves elevate property and liability risks and what risk management steps can be taken to mitigate the exposure.
Posted: Aug 15, 2023
Karen Clark & Co. on Tuesday estimated the insured property losses from wildfires that hit Maui and the Big Island of Hawaii Aug. 8-10 will be around $3.2 billion.
Posted: Aug 15, 2023
Orrick, Herrington & Sutcliffe LLP is being sued in a putative class-action lawsuit in federal district court in which it is charged with inadequate cybersecurity and not informing 152,818 clients of a cyber breach that revealed their personally iden...
Posted: Aug 15, 2023
A federal appeals court Monday partially overturned a lower court ruling and reinstated a lawsuit filed by a consumer who charged a credit reporting agency with violating the Fair Credit Reporting Act by not correcting an error.
Posted: Aug 15, 2023
An Australian personal lines insurer is betting on the marketing ploy that if you make ’em laugh with relatable scenarios, they’ll buy your product.
Posted: Aug 15, 2023
Fort Worth, Texas-based brokerage Higginbotham said Tuesday it has bought Iscential Inc. of Houston.
Posted: Aug 15, 2023
The New York State Insurance Fund has returned $585 million in workers compensation premiums to businesses across the state, New York Gov. Kathy Hochul announced Monday.
Posted: Aug 15, 2023
U.A.E.-based insurer Orient Insurance PJSC made a net profit of 377 million United Arab Emirates dirhams ($103 million) in the first half of the year, up 19% year-on-year, Middle East Insurance Review reported. The insurer’s insurance income rose 26%...
Posted: Aug 15, 2023
German insurer Talanx AG’s group net income grew by 21% year-on-year to €827 million ($905 million) in the first half of 2023, marking the best six-month results in the insurer’s history, Reinsurance News reported. Insurance revenue climbed 9% to €20...
Posted: Aug 15, 2023
Japanese insurer Tokio Marine Holdings Inc. is planning to sell its operations in Southeast Asia for $1 billion to major South Korean insurers and financial holding companies, The Korea Economic Daily reported. The insurer plans to send information m...
Posted: Aug 15, 2023
Lockton Cos. LLC said Tuesday it has hired former Guy Carpenter & Co. LLC executive Greg Spore as U.S. financial services markets leader.
Posted: Aug 15, 2023
Clorox said Monday it had taken certain systems offline after unauthorized activity disrupted some business operations.
Posted: Aug 15, 2023
The National Institute for Occupational Safety and Health is offering new training to help miners better handle incidents of heat stress, a growing workplace safety concern in mining and across other industries.
Posted: Aug 15, 2023
The fallout from the scandal surrounding insurtech Vesttoo Ltd. is a wakeup call for the captive sector and will likely lead to greater regulatory scrutiny of fronting arrangements and collateral options, experts said last week at the Vermont Captive...
Posted: Aug 15, 2023
Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on Monday.
Posted: Aug 14, 2023
A Delaware state court ruled in favor of Viacom Inc. and its former vice chair, Shari E. Redstone, in directors and officers insurance litigation filed against numerous insurers in connection with Viacom’s 2019 merger with CBS Inc.
Posted: Aug 14, 2023
Aon PLC on Monday named Joe Peiser CEO of commercial risk solutions, its main commercial insurance brokerage unit.
Posted: Aug 14, 2023
The U.S. Occupational Safety and Health Administration announced Monday it cited a Bedford, Ohio, foundry following a fatal steam explosion this year.
Posted: Aug 14, 2023
Overexertion topped the list of the costliest workplace injuries, according to a report released Thursday by Liberty Mutual Insurance Co.
Posted: Aug 14, 2023
Insured losses from the wildfires that hit Maui and the Big Island of Hawaii Aug. 8-10 will likely be “at least $1 billion,” according to a report Monday from Risk Management Solutions Inc., a Moody’s Analytics company.
Posted: Aug 14, 2023
The U.S. Occupational Safety and Health Review Commission has affirmed two workplace safety citations issued to a general contractor after the December 2020 death of a painter working on a casino construction project.
Posted: Aug 14, 2023
A federal appeals court on Friday overturned two lower court rulings and held that former Temple University and University of Pittsburgh students may be entitled to partial tuition refunds because of their institutions’ switch to online instruction d...
Posted: Aug 14, 2023