Business Insurance
Tom Kunkel, president of bond and specialty for Travelers Cos. Inc., will retire in September and a member of his leadership team will be promoted to the position, Chairman and CEO Alan Schnitzer said in an earnings call Tuesday morning.
Posted: Jul 20, 2021
EPIC Insurance Brokers and Consultants said Tuesday it will open an office in Grand Rapids, Michigan, and has hired two executives from rival Van Wyk Risk Solutions.
Posted: Jul 20, 2021
Pathpoint Inc. has launched a liability coverage for unoccupied buildings and land, the San Francisco-based digital excess and surplus brokerage said Tuesday.
Posted: Jul 20, 2021
An El Paso, Texas, metal stamp manufacturer was fined more than $400,000 by the Occupational Safety and Health Administration for failing to protect workers from moving parts after an employee lost two fingers inside a 500-ton hydraulic press.
Posted: Jul 20, 2021
Chubb Ltd. units are asking a Charleston, West Virginia, court to grant its summary judgment motion following a $32.6 million jury verdict in connection with its failure to pay damages related to a coal mine silo collapse.
Posted: Jul 20, 2021
Dish Network Corp. has reached a $210 million settlement to resolve a lawsuit by the U.S. government and four states over illegal telemarketing, California’s attorney general said Friday.
Posted: Dec 04, 2020
The U.S. House of Representatives on Friday voted 228 to 164, mostly along party lines, to decriminalize marijuana, a drug that has been a concern to those in workers compensation and workplace safety.
Posted: Dec 04, 2020
Citing the sovereignty of the Indian reservations, the 8th U.S. Circuit Court of Appeals on Friday denied a review of the Occupational Safety and Health Review Commission’s dismissal of safety fines issued to a fisheries company whose employees drown...
Posted: Dec 04, 2020
Since the start of the pandemic through Nov. 26, the U.S. Department of Labor’s Occupational Safety and Health Administration says it has issued $3.4 million in penalties from citations arising from 255 inspections of workplaces charged with violatio...
Posted: Dec 04, 2020
CRC Group LLC said Friday it has agreed to acquire the assets of specialist marine insurer Continental Underwriters Ltd.
Posted: Dec 04, 2020
The U.S. Securities and Exchange Commission said on Friday it had fined restaurant chain The Cheesecake Factory $125,000 to settle charges that it misled investors about the impact of the pandemic on its business, the first such case brought by the r...
Posted: Dec 04, 2020
Homeowners in several countries can now insure their KIVIK couches and HEMNES dressers against fires and other mishaps with “HEMSÄKER,” Ikea’s new homeowners insurance product.
Posted: Dec 04, 2020
Vitol Group's U.S. subsidiary agreed to pay $164 million to resolve probes by the U.S. government that the energy trader paid bribes in Brazil and other countries to boost its oil trading business, the U.S. Department of Justice said Thursday.
Posted: Dec 04, 2020
Brokerages have been making headlines this week, with Lockton Cos. LLC’s announcement that it has hired three transaction liability brokers from rival Aon PLC attracting the most interest.
Posted: Dec 04, 2020
Oil and gas firm Equinor ASA has suspended production at its methanol plant in Norway's Tjeldbergodden industrial facility until further notice after a fire at the site on Dec. 2.
Posted: Dec 04, 2020
Seafood exporters from Kerala, India, could lose 15 billion Indian rupees ($202.9 million) worth of business this holiday season due to the huge backlog at Sri Lanka’s Port of Colombo and resulting shortage of refrigerated containers.
Posted: Dec 04, 2020
Analysts at U.S.-based Fitch Ratings Inc. announced stable outlook for Dutch insurers for 2021 as their credit profiles remain largely resilient to the COVID-19 pandemic-triggered disruptions.
Posted: Dec 04, 2020
Indonesia-based insurer PT Asuransi Adira Dinamika Tbk’s gross premium increased 23% year-on-year to 1.5 trillion Indonesian rupiah ($106.5 million) in the third quarter of the year.
Posted: Dec 04, 2020
Around 29,000 chickens will be culled at a poultry farm in the German district of Mecklenburgische Seenplatte, following the outbreak of H5N8 avian influenza.
Posted: Dec 04, 2020
U.K.-based Howden Broking Group Ltd. has opened a new office in Iceland’s capital Reykjavik.
Posted: Dec 04, 2020
A Nevada state court has refused to dismiss COVID-19 business interruption litigation filed by a Las Vegas commercial real estate operator and owner against a Starr Insurance Cos. unit.
Posted: Dec 03, 2020
The U.S. Justice Department accused Facebook Inc. on Thursday of discriminating against U.S. workers, saying in a new lawsuit the social media giant has given hiring preferences to temporary workers, including those who hold H-1B visas.
Posted: Dec 03, 2020
A federal district court judge reaffirmed her earlier ruling in favor of an Everest Re Group Ltd. unit, denying a Marriott International Inc. franchise owner’s claim for a windstorm-damaged roof.
Posted: Dec 03, 2020
Longtime industry executives Greg Hendrick and Dinos Iordanou on Thursday launched a Bermuda-based private equity-backed insurer and reinsurer.
Posted: Dec 03, 2020
A security guard who was injured by a psychiatric patient while on duty is entitled to supplemental earning benefits and penalties, an appellate court ruled Wednesday.
Posted: Dec 03, 2020