Business Insurance
Hub International Ltd. has launched an employee benefits group captive for cannabis organizations.
Posted: Jul 21, 2021
French cybersecurity watchdog ANSSI warned Wednesday of what it said were ongoing attacks against a large number of French organizations led by the China-linked APT31 hacking group.
Posted: Jul 21, 2021
A group of state attorneys general unveiled on Wednesday a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a deadly nationwide opioid epidemic.
Posted: Jul 21, 2021
A New Jersey roofing company that agreed to make safety improvements in a U.S. Department of Labor settlement in 2020 has been cited more than $600,000 by the Occupational Safety and Health Administration for its failure to do so, the agency said in...
Posted: Jul 21, 2021
California is cutting the benchmark rate for workers compensation insurance to $1.41 per $100 of payroll, effective Sept. 1.
Posted: Jul 21, 2021
Israel has set up a senior inter-ministerial team to look into growing allegations that spyware sold by an Israeli cyber firm has been abused on a global scale, an Israeli source said on Wednesday, while adding that an export review was unlikely.
Posted: Jul 21, 2021
American International Group Inc. has set Sept. 14 as its global return-to-office date, CEO Peter Zaffino told employees on Wednesday in a memo seen by Reuters.
Posted: Jul 21, 2021
Alliant Insurance Services Inc. on Wednesday named former Willis Towers Watson PLC executive Tim McGinnis senior vice president, construction services group.
Posted: Jul 21, 2021
The U.S. Securities and Exchange Commission said Wednesday it has awarded nearly $3 million to a whistleblower whose information and assistance led to a successful enforcement action.
Posted: Jul 21, 2021
Westfield Insurance Co. said Wednesday it is entering the specialty insurance business and has named veteran executive Jack Kuhn as president of the new venture.
Posted: Jul 21, 2021
Relation Insurance Services Inc. has bought The SIG Insurance Agencies, a Stamford, Connecticut-based commercial, employee benefits and personal lines agency, Relation said Wednesday.
Posted: Jul 21, 2021
The Standard Bank of South Africa Ltd. has offered to fully buy South African insurer Liberty Holdings Ltd. for $728.75 million.
Posted: Jul 21, 2021
Austria-based insurer Uniqa Insurance Group AG expects preliminary pre-tax earnings of more than €200 million ($236 million) in the first half of the year.
Posted: Jul 21, 2021
According to the German government, the floods that struck parts of western Germany on July 13 caused an estimated €2 billion ($2.3 billion) worth of damage to the region’s rail and road network.
Posted: Jul 21, 2021
Those who were inspired by the recent space flights by billionaires Jeff Bezos and Richard Branson might soon have one less thing to worry about: insurance.
Posted: Jul 21, 2021
Germany-based Munich Reinsurance Co. has reported around €1.1 billion ($1.3 billion) in preliminary net profit for the second quarter, much above the consensus estimate of €808 million.
Posted: Jul 21, 2021
Romeu Zema, governor of the Brazilian state of Minas Gerais, said that a definitive settlement worth 100 billion Brazilian real ($19.1 billion) could be reached with miners Samarco Mineracao SA, Vale SA and BHP Group Ltd. for the 2015 tailings dam di...
Posted: Jul 21, 2021
U.S.-based Property Claim Services Inc. expects up to $1 billion in insured losses from the recent riots in South Africa triggered by the arrest of the country’s former president Jacob Zuma.
Posted: Jul 21, 2021
More health care employers are requiring workers to get vaccinated for COVID-19, a trend experts say has been spurred by a rise in cases of the disease nationwide and the recent dismissal of a federal lawsuit challenging a vaccination mandate.
Posted: Jul 21, 2021
Insured losses from floods in western Germany last week may total €4 billion to €5 billion ($4.7 billion-$5.9 billion), insurance industry association GDV said Wednesday.
Posted: Jul 21, 2021
The number of securities class-action lawsuits filed in this year’s first half is down, but lawsuits related to special purpose acquisition companies is up, says a report issued Tuesday.
Posted: Jul 20, 2021
Amwins Group Inc. said Tuesday it is combining two coverages, deadly weapons protection and sexual molestation liability, into a single policy.
Posted: Jul 20, 2021
AlphaRoot, part of Founder Shield LLC, said Tuesday that it is offering a suite of casualty coverages for cannabis operators.
Posted: Jul 20, 2021
Travelers Cos. Inc. posted strong second-quarter earnings Tuesday, but the company’s leadership remains concerned about the continued impact of social inflation and how lawsuits working their way through reopened courts may affect its business.
Posted: Jul 20, 2021
The discourse on diversity and inclusion in the insurance industry is more important now than ever before. We want to hear from you.
Posted: Jul 20, 2021