Business Insurance
The South Carolina Department of Labor, Licensing and Regulation said it will develop a general infectious diseases workplace safety standard to replace the federal Occupational Safety and Health emergency COVID-19 standard, which only applies to hea...
Posted: Jul 27, 2021
Automaker Kia Motors Corp. suspended operations at its Sohari plant in the South Korean province of Gyeonggi on July 25 after a COVID-19 outbreak that has affected dozens of its factory workers.
Posted: Jul 27, 2021
Cyber insurance startup At-Bay Inc. said Tuesday it raised $185 million at a $1.35 billion valuation to expand its business as many in the cyber industry face growing losses due to ransomware attacks.
Posted: Jul 27, 2021
Brown & Brown Inc. reported a 21.5% jump in revenue for the second quarter as businesses continued to reopen and the economy strengthened, but its top executive said the speed of recovery in the second half of the year would be tempered by various fa...
Posted: Jul 27, 2021
German insurance industry association GDV estimates that there will be up to €5.5 billion ($6.5 billion) in claims from storms that brought catastrophic flooding to parts of the country this month.
Posted: Jul 27, 2021
President Biden’s executive order earlier this month asking the Federal Trade Commission to ban or limit noncompete agreements, which put curbs on former employees who go to work for competitors, adds momentum to ongoing efforts on the issue, experts...
Posted: Jul 27, 2021
Ratings agency A.M. Best Co. Inc. said that the profitable underwriting performance of Japanese nonlife insurers amid the COVID-19 pandemic supports its “stable” outlook for the market segment.
Posted: Jul 27, 2021
A ransomware attack on the Greek city of Thessaloniki on July 22 forced the municipality to suspend all its services on July 23.
Posted: Jul 27, 2021
The Indian government is reportedly working on a new bill to change insurance laws to facilitate the privatization of one of the countries three unlisted general insurers.
Posted: Jul 27, 2021
U.K.-based insurance broker The Ardonagh Group Ltd. has launched a European division in Dublin, Ireland, as it looks to expand in Europe.
Posted: Jul 27, 2021
U.K.-based insurer Beazley PLC saw higher rates across all insurance lines in the first half of the year, especially cyber insurance driven, which was by an increase in ransomware incidents.
Posted: Jul 27, 2021
Chinese companies listed on U.S. stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top U.S. Securities and Exchange Commission official said on Monday.
Posted: Jul 26, 2021
“Long COVID" can be considered a disability under federal law, the federal Department of Health and Human Services and the Justice Department said Monday.
Posted: Jul 26, 2021
A federal appeals court Monday affirmed a lower court ruling in an FM Global unit’s favor in litigation over $1.47 billion in property and business interruption losses New York University claimed it was due as a result of 2012’s Superstorm Sandy.
Posted: Jul 26, 2021
California Gov. Gavin Newsom on Friday signed legislation that would entitle certain classes of workers to special benefits if they die or become disabled due to COVID-19.
Posted: Jul 26, 2021
Rahn & Associates Inc. is offering insurance coverages for the psychedelic medicinal industry.
Posted: Jul 26, 2021
All federal Department of Veteran Affairs workers will be required to be vaccinated for COVID-19, and California’s health care personnel must either get a vaccine or be tested for the virus weekly.
Posted: Jul 26, 2021
In the face of antitrust concerns, Aon PLC announced Monday it would terminate its agreement to buy rival Willis Towers Watson PLC, raising questions over which companies will benefit or suffer in the wake of the failed deal.
Posted: Jul 26, 2021
Wholesaler Brown & Riding Insurance Services Inc. has named Andrew Grim as its national casualty practice leader.
Posted: Jul 26, 2021
Global regulators took a first step on Monday to unlock the “black box” of corporate environmental, social and governance ratings, suggesting formal oversight of a sector which helps channel trillions of dollars into climate-friendly investment funds...
Posted: Jul 26, 2021
Insurance Australia Group Ltd. has set aside 1.15 billion Australian ($847 million) in business interruption claims for the financial year ending June 30.
Posted: Jul 26, 2021
An Occupational Safety and Health Administration investigation into the deaths of six workers at a Georgia poultry processing plant has resulted in citations for 59 violations and proposed fines totaling nearly $1 million for four companies.
Posted: Jul 26, 2021
China Reinsurance estimates that its net profit for the first half of 2021 will rise by 55% to 65%, compared with the same period last year.
Posted: Jul 26, 2021
French insurer Covéa said its CEO James Reader has stepped down and will be replaced by Adrian Furness, who is currently chief operating officer.
Posted: Jul 26, 2021
Chevron Phillips Chemical Co. failed to disclose to regulators significant amounts of at least 18 toxic chemicals imported to the United States over the past several years, as required by law, according to letters seen by Reuters.
Posted: Jul 26, 2021