Business Insurance
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
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