Business Insurance
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
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
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
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
An Iowa reinsurer must continue to represent a waste disposal company in a trademark infringement case where company officials who had been terminated from their previous employer are charged with starting a new firm, then falsely disparaging their f...
Posted: Nov 30, 2020
An appeals court in Louisiana on Wednesday denied a seafood processing company’s appeal of a ruling that it had to pay for compound cream to treat a worker suffering from pain, finding that there was no evidence to show that the cream was not appropr...
Posted: Nov 30, 2020
The U.S. property/casualty industry’s net underwriting income fell 86% in the first nine months of 2020, compared with the year-earlier period, to $600 million, as insurers reported COVID-19-related increases in underwriting expenses and dividends to...
Posted: Nov 30, 2020
New York Gov. Andrew Cuomo on Friday signed into law a bill that will require the state to create an advisory council that will identify evidence-based tools to track the trauma of COVID-19 on frontline workers.
Posted: Nov 30, 2020
Marsh, a unit of Marsh & McLennan Cos., has named former Aon PLC executive Carlos Quinteros to lead its Los Angeles Construction Center of Excellence.
Posted: Nov 30, 2020
Axa SA is selling its insurance operations in the Gulf region to Gulf Insurance Group for €225 million ($268.8 million) in cash.
Posted: Nov 30, 2020
California Insurance Commissioner Ricardo Lara lowered a pure premium rate filing proposed by the state’s ratings bureau and declined to add an additional adjustment for COVID-19, the commissioner announced in a statement Wednesday.
Posted: Nov 30, 2020
A New York man is suing the Dutch beer company Heineken NV for unspecified damages after discovering that the brand’s Tecate beer is from across the pond and not south of the border.
Posted: Nov 30, 2020
President-elect Joe Biden appointed David Michaels, former head of the U.S. Occupational Safety and Health Administration, to his Transition COVID-19 Advisory Board.
Posted: Nov 30, 2020
Swiss Re Ltd. will allow investors to access its natural catastrophe portfolio through the creation of an investment fund, the reinsurer said in a statement Monday.
Posted: Nov 30, 2020