Business Insurance
Posted: Dec 02, 2020
Beecher Carlson Insurance Services LLC has named Oren Wortman managing director of its national cyber practice, the brokerage said in a statement Wednesday.
Posted: Dec 02, 2020
Private U.S. companies have the right under the law to require employees to get vaccinated against COVID-19, but are unlikely to do so because of the risks of legal and cultural backlash, experts said.
Posted: Dec 02, 2020
Employers can save an average of $8,500 in turnover, replacement and health care costs by supporting workers suffering from substance use disorders, according to a study released Wednesday by the National Safety Council.
Posted: Dec 02, 2020
Skyward Specialty Insurance Group Inc. said Tuesday it has named Rick Childs to the newly created position of senior vice president, construction.
Posted: Dec 02, 2020
Fifty-four percent of global employers say they do not have “adequate” resources to deal with the COVID-19 pandemic when it comes to ensuring the health and safety of workers, according to a risk outlook report released Wednesday by London-based heal...
Posted: Dec 02, 2020
The Capital Markets Company NV, a Belgium-based management and technology consultancy that operates under the name Capco, announced Wednesday that it has acquired Neos LLC, a Hartford, Connecticut-based technology consultancy.
Posted: Dec 02, 2020
AmWINS Group Inc. said Tuesday it has agreed to buy Hamilton, Bermuda-based International Specialty Brokers Ltd., a property/casualty wholesaler and reinsurance broker.
Posted: Dec 02, 2020
John Keogh, executive vice chairman and chief operating officer of Chubb Group, has been named president, effective immediately.
Posted: Dec 02, 2020
An appeals court in Mississippi on Tuesday classified as “moot” the court-ordered home modifications in a case stemming from a woman who became a paraplegic as a result of a work-related car accident in 2015 and who died while her case went to appeal...
Posted: Dec 02, 2020
Hub International Ltd. has acquired Canadian brokerage Seymour Alper Inc., Hub said in a statement Wednesday.
Posted: Dec 02, 2020
Alera Group has acquired Lighthouse Group, a Grand Rapids, Michigan-based property/casualty and employee benefits brokerage.
Posted: Dec 02, 2020
Lockton Cos. LLC has hired three transaction liability brokers from rival Aon PLC, the brokerage announced on Wednesday.
Posted: Dec 02, 2020
Marsh & McLennan Agency LLC, the middle-market unit of Marsh LLC, has bought Louisville, Kentucky-based Heritage Insurance Service Inc., the brokerage announced Wednesday.
Posted: Dec 02, 2020
Germany-based insurer Allianz SE has acquired Australia-based Westpac Banking Corp.’s general insurance business for $725 million Australian ($535 million).
Posted: Dec 02, 2020
Axa XL, a unit of French insurer Axa SA, is looking to reduce its exposure to natural catastrophes in the upcoming years to improve business sustainability and profitability.
Posted: Dec 02, 2020
A hacker group breached Israel-based insurer Shirbit Insurance Co. Ltd.’s network infrastructure on Dec. 1, stealing personal details of the insurer’s employees and clients.
Posted: Dec 02, 2020
South Korea's Fair Trade Commission has fined shipbuilder Daewoo Shipbuilding & Marine Engineering Co. Ltd. 15.3 billion South Korean won ($13.8 million) for violation of the Fair Transactions in Subcontracting Act.
Posted: Dec 02, 2020
U.S.-based Moody's Investors Service Inc. has said that Hurricanes Eta and Iota have inflicted lasting damages on Nicaragua, Honduras, El Salvador and Guatemala.
Posted: Dec 02, 2020
At least 607 Japanese organizations suffered cyber attacks due to unpatched virtual private network appliances that facilitate remote working during the COVID-19 pandemic.
Posted: Dec 02, 2020
Data from the Australian Prudential Regulation Authority showed that general insurers’ aggregate net profit after tax declined by 73% to 0.9 billion Australian ($0.66 billion) in the year ended September 2020.
Posted: Dec 02, 2020
The Society of Motor Manufacturers and Traders has said that a no-deal Brexit with resulting trade barriers and tariffs could cost €110 billion ($132 billion) in lost trade to the European automotive industry by 2025.
Posted: Dec 02, 2020
November’s most popular Off Beat story featured a prominent ginger ale maker being sued. A story on the Iowa derecho and insurance claim denial finished among the top stories for page views for the month.
Posted: Dec 02, 2020
It has been more than eight months since the start of the COVID-19 pandemic in the U.S. and the impact on workers compensation claims continues to be less than predicted, experts say.
Posted: Dec 02, 2020
U.S. Supreme Court justices on Tuesday appeared wary of barring lawsuits against American companies over alleged human rights abuses abroad but signaled they could toss out a case accusing Cargill Inc. and a Nestle SA subsidiary of knowingly helping...
Posted: Dec 01, 2020