Business Insurance
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
Long the national leader in medical costs for injured workers, California’s medical costs per claim were “typical of other states” for 2016 claims with experience through 2019, according to new data released Thursday by the Workers Compensation Resea...
Posted: Dec 03, 2020
The American Society of Safety Professionals and the American National Standards Institute have revised a safety and health standard for multi-employer projects in construction and demolition, the Park Ridge, Illinois-based ASSP announced Wednesday.
Posted: Dec 03, 2020
The federal Families First Coronavirus Response Act, the complex paid sick and family and medical leave law enacted in response to the coronavirus, may expire at the end of this year.
Posted: Dec 03, 2020
Telemedicine is on the rise as providers seek ways to see patients while maintaining safe distances during the COVID-19 pandemic, but new data shows that the upward trend pre-dates 2020, according to an analysis released Wednesday by the National Cou...
Posted: Dec 03, 2020
Oftentimes, a human resources and office politics dilemma, the workplace holiday party question du jour is: Can we even have one in light of the COVID-19 pandemic? And how?
Posted: Dec 03, 2020
The Tennessee Department of Commerce and Insurance on Wednesday announced that workers compensation premiums in 2021 are likely to decline for most of the state’s businesses for the eighth consecutive year.
Posted: Dec 03, 2020
IBM is sounding the alarm over hackers targeting companies critical to the distribution of COVID-19 vaccines, a sign that digital spies are turning their attention to the complex logistical work involved in inoculating the world's population against...
Posted: Dec 03, 2020
Sedgwick Claims Management Services Inc. said Wednesday that it has acquired the product recall, remediation and retention solutions business from Stericycle Inc.
Posted: Dec 03, 2020
Marsh & McLennan Agency LLC, the middle-market unit of Marsh LLC, has bought Lincoln, Nebraska-based Inspro Inc.
Posted: Dec 03, 2020
Joyce Chan, partner at Clyde & Co. LLP’s Hong Kong office, said that mergers and acquisitions in the Asia-Pacific insurance and reinsurance market may surge, starting first or second quarter of 2021,
Posted: Dec 03, 2020