Business Insurance
A New Jersey roofing company that agreed to make safety improvements in a U.S. Department of Labor settlement in 2020 has been cited more than $600,000 by the Occupational Safety and Health Administration for its failure to do so, the agency said in...
Posted: Jul 21, 2021
California is cutting the benchmark rate for workers compensation insurance to $1.41 per $100 of payroll, effective Sept. 1.
Posted: Jul 21, 2021
Israel has set up a senior inter-ministerial team to look into growing allegations that spyware sold by an Israeli cyber firm has been abused on a global scale, an Israeli source said on Wednesday, while adding that an export review was unlikely.
Posted: Jul 21, 2021
American International Group Inc. has set Sept. 14 as its global return-to-office date, CEO Peter Zaffino told employees on Wednesday in a memo seen by Reuters.
Posted: Jul 21, 2021
Alliant Insurance Services Inc. on Wednesday named former Willis Towers Watson PLC executive Tim McGinnis senior vice president, construction services group.
Posted: Jul 21, 2021
The U.S. Securities and Exchange Commission said Wednesday it has awarded nearly $3 million to a whistleblower whose information and assistance led to a successful enforcement action.
Posted: Jul 21, 2021
Westfield Insurance Co. said Wednesday it is entering the specialty insurance business and has named veteran executive Jack Kuhn as president of the new venture.
Posted: Jul 21, 2021
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