Business Insurance
Nasdaq filed a proposal with the U.S. Securities and Exchange Commission on Tuesday which, if approved, would require most Nasdaq-listed companies to have – or explain why they do not have – at least two diverse board members, including one who self-...
Posted: Dec 01, 2020
The Detroit funeral home that lost its case against the U.S. Equal Employment Opportunity Commission before the U.S. Supreme Court in connection with its firing of a transgender employee has agreed to settle the case for $250,000, the EEOC said Tuesd...
Posted: Dec 01, 2020
Move over, breakfast buffets, and welcome, margaritas — health insurance is now a part of the all-inclusive offerings at Viva Wyndham Resorts vacation resorts in Mexico, Dominican Republic and the Bahamas.
Posted: Dec 01, 2020
Environmental activists took Royal Dutch Shell to court on Tuesday, as they demand the energy firm drastically reduces the production of oil and gas to limit its effects on climate change.
Posted: Dec 01, 2020
A federal district court ruled that a putative class-action lawsuit alleging violation of Illinois’ Biometric Information Privacy Act can proceed, rejecting the defendant’s argument the law violated the state’s constitution.
Posted: Dec 01, 2020
Munich Re said its reinsurance operation will face €3.4 billion ($4.10 billion) of COVID-19 losses this year, up from €2.3 billion ($2.77 billion) for the first nine months, and has revised its group profit forecast for 2020 to €1.2 billion, down fro...
Posted: Dec 01, 2020
The number of employees who may be covered by the various state laws and executive orders providing some level of compensability for workers who acquire COVID-19 on the job varies substantially based on workforce and the nature of the order, research...
Posted: Dec 01, 2020
A temporary COVID-19 workplace safety standard went into effect in California on Monday, according to the California Occupational Safety and Health Standards Board.
Posted: Dec 01, 2020
The number of Texas employers that do not purchase workers compensation insurance remained essentially flat from 2018 to 2020, from 28% to 29% of private-sector employers, according to a report released Tuesday by the Texas Department of Insurance, D...
Posted: Dec 01, 2020
Arthur J. Gallagher & Co. has acquired North Star Insurance Services LLC and North Star Marine Insurance Services LLC, the broker said in a statement Tuesday.
Posted: Dec 01, 2020
The Washington State Department of Labor & Industries on Monday announced that there will be no increase in the average workers compensation premium rate in 2021.
Posted: Dec 01, 2020
South Korean investment bank Mirae Asset Daewoo Co. Ltd. and affiliates won a U.S. court case against Anbang Insurance Group, a court document showed, after Mirae scrapped a $5.8 billion deal after the start of the pandemic to buy 15 U.S. hotels from...
Posted: Dec 01, 2020
A former Tesla Inc. factory employee will pay Elon Musk's electric car maker $400,000 after it accused him of tipping reporters about alleged production inefficiencies and delays, a court filing shows.
Posted: Dec 01, 2020
New York Gov. Andrew Cuomo on Friday vetoed a bill that would have made massage therapy compensable under workers compensation.
Posted: Dec 01, 2020
A Chinese court has convicted 53 employees and executives for actions that lead a massive explosion at Jiangsu Tianjiayi Chemical Co. Ltd. in March 2019 that killed78 people.
Posted: Dec 01, 2020
Data from Hong Kong’s Insurance Authority showed that local insurers saw 5.5% year-on-year increase in total gross premiums to $461 billion Hong Kong ($59.5 billion) in the first three quarters of the year.
Posted: Dec 01, 2020
The merger of India-based ICICI Lombard General Insurance Co. Ltd. with Bharti Axa General Insurance Co. Ltd. has received in-principle approval from the Insurance Regulatory and Development Authority of India.
Posted: Dec 01, 2020
Data from the International Coffee Organization showed that Hurricanes Eta and Iota have partially or completely damaged an estimated 10,000 hectares of coffee farmlands in Nicaragua and Honduras.
Posted: Dec 01, 2020
The U.K. has banned British telecommunications companies from deploying new 5G kits by China-based Huawei Technologies Co. Ltd. after September 2021.
Posted: Dec 01, 2020
A report by India-based cyber security think tank Cyber Peace Foundation said that cyber attacks on Indian hospitals and vaccine makers increased significantly this year between October and November.
Posted: Dec 01, 2020
Data from Lebanon's Insurance Control Commission showed that the gross written premiums of 50 licensed insurers dropped nearly 6% year-on-year to $1.2 billion in the first three quarters of the year.
Posted: Dec 01, 2020
New Zealand's workplace health and safety regulator WorkSafe has filed safety violation charges against three individuals and 10 organizations a year after the White Island volcano eruption.
Posted: Dec 01, 2020
Failure to educate lawsuits related to virtual learning and students with disabilities are a growing concern heading into 2021 as K-12 school districts continue to adapt in the pandemic.
Posted: Dec 01, 2020
Surety is a diverse line, offering financial protection to risk owners across many industries, including but not limited to construction. Learn more about surety bonds and how they can guarantee performance and payment, in this Business Insurance Ris...
Posted: Dec 01, 2020
A Kentucky federal district court has agreed to dismiss an insurance broker from directors and officers liability insurance litigation between a Hartford Financial Services Inc. unit and the University of Louisville Foundation.
Posted: Nov 30, 2020