Business Insurance
Ryan Specialty Holdings Inc. reported a 19.1% increase in second-quarter revenue to $585.1 million on Thursday.
Posted: Aug 03, 2023
BMS Group Ltd. said Thursday that Gallagher Re executive Chris Brook will join the insurance and reinsurance brokerage next year as chief operating officer.
Posted: Aug 03, 2023
Insurtech Next Insurance Inc. has added umbrella and excess liability to its range of coverages for small businesses.
Posted: Aug 03, 2023
New funding for the global insurtech sector dropped to $916.71 million during the second quarter of 2023, down 61.9% from the year-earlier period, according to a report Thursday from Gallagher Re, the reinsurance business of Arthur J. Gallagher & Co.
Posted: Aug 03, 2023
A Maryland appellate court Wednesday upheld a jury award of workers compensation benefits for a retired volunteer firefighter diagnosed with throat cancer.
Posted: Aug 03, 2023
The National Labor Relations Board Wednesday made it more difficult for businesses to defend workplace rules that could interfere with employees’ rights to join unions, as part of a case involving waste disposal company Stericycle.
Posted: Aug 03, 2023
A California appeals court on Wednesday declined to revisit the case of a woman prosecuted for workers compensation fraud, ruling that reopening the matter would prejudice the defendant.
Posted: Aug 03, 2023
The U.S. Occupational Safety and Health Administration has cited a Texas construction company for endangering workers by not providing adequate fall protection systems.
Posted: Aug 03, 2023
Northern cities in Taiwan, including the capital Taipei, on August 3 shut businesses, as the slow-moving Typhoon Khanun brushed past the island’s northeast amidst warnings of high winds and floods, Reuters reported. The typhoon also forced the cancel...
Posted: Aug 03, 2023
The Catalonia region in northeastern Spain on Aug. 2 declared a drought emergency in 24 municipalities after a severe lack of rain in recent years, with plans to reduce irrigation water for agriculture by 80% and supplies for industrial use by 25%, A...
Posted: Aug 03, 2023
U.S.-based insurance broker Acrisure LLC is acquiring Bulgaria-based insurance broker SDI Group OOD (Ltd.) through its Polish subsidiary Unilink SA, with the deal likely to close by the end of September, SeeNews reported. On completion of the acquisi...
Posted: Aug 03, 2023
Japan’s Financial Services Agency suspects that some major property insurers in the country have colluded over insurance premiums for big corporate customers like Eneos Holdings Inc., East Japan Railway Co., and Narita International Airport Corp., No...
Posted: Aug 03, 2023
Israeli fintech Vesttoo is considering the removal of its CEO and chief financial engineer, its board said in a statement Thursday, following a fake collateral scandal that analysts said could impact the wider insurance market.
Posted: Aug 03, 2023
While consumer prices for energy, food and housing between 2021 and 2022 saw drastic increases, there’s little evidence such inflationary pressures affected workers compensation medical costs, according to a report released Thursday by the Workers Co...
Posted: Aug 03, 2023
Rich Lenkov, founder/CEO of the Sports & Entertainment Risk Management Alliance, discusses risk management and insurance for productions and players.
Posted: Aug 02, 2023
Looks like a man suing Buffalo Wild Wings over its boneless chicken wings is playing a game of legal chicken with the company, which has at least twice publicly poked fun at the lawsuit.
Posted: Aug 02, 2023
An insurer does not have to pay a $2.5 million judgment against a bar owner and operator won by a bystander who was injured in a shooting because of an assault and battery policy exclusion, a federal appeals court ruled Tuesday in affirming a lower c...
Posted: Aug 02, 2023
A yacht’s hurricane protection plan is incorporated by reference into its insurance policy, a federal appeals court said Tuesday in affirming a lower court’s ruling in favor of a Munich Re unit in litigation over a yacht that sank during a hurricane.
Posted: Aug 02, 2023
A California appellate court has overturned a longstanding practice of the state’s Workers’ Compensation Appeals Board involving cases where parties in comp claims petition for a reconsideration of decisions by either the board or a comp judge.
Posted: Aug 02, 2023
Howden Insurance Brokers India Pvt. Ltd. has appointed Amit Agarwal as its chief executive, effective Aug. 1, Reinsurance News reported. Mr. Agarwal joined Howden India in 2019 as a managing director and led its liability and specialty risks practice...
Posted: Aug 02, 2023
Lloyd's Insurance Company S.A. shuttered its European branch offices in Finland, Austria, and Poland on July 31, but it will continue to provide services to these locations without a formal office, Reinsurance News reported. It will pursue insurance...
Posted: Aug 02, 2023
According to U.K.-based insurance broker Aon PLC, the total economic and insured losses resulting from the flash flooding in July on the Japanese islands of Honshu and Kyushu can potentially reach tens of millions of dollars, Asia Insurance Review re...
Posted: Aug 02, 2023
Japan’s ministry of transport said that a total of 951 flights were canceled on Aug. 1 and 2 and 35 ferry lines also suspended operations as Typhoon Khanun approached the country’s southwestern islands, Al Jazeera reported. The airport in Naha, which...
Posted: Aug 02, 2023
American International Group Inc.’s sale of Validus Re, which it announced in May, will significantly reduce the volatility of the insurer’s business and cut its catastrophe exposure, AIG’s top executive said Wednesday while discussing the company’s...
Posted: Aug 02, 2023
Hylant Group Inc. on Tuesday named Anne Marie Towle CEO of its global risk management business.
Posted: Aug 02, 2023