Business Insurance
Nguyen Xuan Cuong, Vietnam’s minister of agriculture and rural development, said that natural disasters have caused 30 trillion Vietnamese dong ($1.3 billion) in economic damage in the past two months.
Posted: Dec 03, 2020
Consumer rights group Euroconsumers has sued U.S.-based company Apple Inc. for allegedly misleading users of old iPhones and is seeking around $217 million in damages.
Posted: Dec 03, 2020
Data from the Central Bank of the Russian Federation showed that local insurers’ pre-tax profits jumped 24.6% year-on-year to 230.4 billion Russian rubles ($3 billion) in the first three quarters of the year.
Posted: Dec 03, 2020
The Supreme Court of Nigeria upheld a 2010 ruling against Royal Dutch Shell PLC, sentencing it to pay approximately $400 million in damages to the Ejama-Ebubu community for the 1970 Rivers State oil spill.
Posted: Dec 03, 2020
A report by the World Meteorological Organization said that super cyclone Amphan, which made landfall on May 20 near the India-Bangladesh border, caused around $14 billion in economic losses.
Posted: Dec 03, 2020
Brazil-based aerospace conglomerate Embraer SA suffered a cyber attack on Nov. 25 that affected its internal systems and lead to temporary interruption of some operations.
Posted: Dec 03, 2020
Turkey-based Turker Re, a Lloyd’s of London broker, has launched an earthquake industry loss warranty product that can serve as a hedging tool for regional companies with property exposure.
Posted: Dec 03, 2020
Catastrophic workers comp cases can be instantly life changing. Paradigm’s Systematic Care ManagementSM not only ensures the best possible care for injured workers but also achieves consistently improved outcomes over industry-standard cla...
Posted: Dec 03, 2020
The U.S. Equal Employment Opportunity Commission on Wednesday said Del Taco LLC will pay $1.25 million to settle the agency’s lawsuit charging the fast-food chain with alleged sexual harassment and retaliation against young female workers.
Posted: Dec 02, 2020
A shareholder derivative lawsuit has been filed against social media company Pinterest Inc. and its directors over its treatment of three former female senior executives, two of whom are Black.
Posted: Dec 02, 2020
The U.S. Equal Employment Opportunity Commission said Wednesday it is introducing EEOC Explore, an interactive data query and mapping tool.
Posted: Dec 02, 2020
A former chemical industry worker failed to show that Exxon Mobil and the subcontractors he worked for were intentionally negligent or that their behavior caused his cancer.
Posted: Dec 02, 2020
Ballantyne Brokers Ltd., an independent London-based brokerage specializing in small-medium enterprise program business, launched on Wednesday with backing from K2 Insurance Services LLC.
Posted: Dec 02, 2020
Aon PLC said Wednesday it is introducing cyber and professional liability insurance online for small and medium-sized businesses.
Posted: Dec 02, 2020
Managing general agent Method LLC has partnered with Gradient AI to create an artificial intelligence and machine learning component into its workers compensation underwriting process, the MGA announced Tuesday.
Posted: Dec 02, 2020
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