Business Insurance
The Nevada Supreme Court ruled an undocumented worker who continues to suffer from pain and mental trauma due to a workplace accident is entitled to permanent total disability, despite an insurance administrator’s insistence that he cannot work due t...
Posted: Nov 25, 2020
Injuries a man suffered in an assault by a co-worker are compensable, but his tort lawsuit is barred by the Virginia Workers Compensation Act, an appellate court ruled Tuesday.
Posted: Nov 25, 2020
Mauritius could file claims worth more than $10 billion from global reinsurers for the oil spill caused by the Japanese bulk carrier MV Wakashio, which ran aground on July 25.
Posted: Nov 25, 2020
A report by Lebanon's Insurance Control Commission showed that insurance claims worth 1.66 trillion Lebanese pounds ($1.1 billion) had been filed for damage caused by the Port of Beirut explosion through Nov. 6.
Posted: Nov 25, 2020
Hurricanes Eta and Iota have caused $743 million worth of damage in Nicaragua.
Posted: Nov 25, 2020
The Italian Data Protection Authority has fined telecommunications company Vodafone Italia SpA’s more than €12.25 million ($14.5 million) for violating the General Data Protection Regulation.
Posted: Nov 25, 2020
New Zealand-based Tower Insurance Ltd.’s after-tax profit dropped to $12.3 million New Zealand ($8.52 million) for the full year to Sept. 30 after a less-than-expected settlement with the Earthquake Commission.
Posted: Nov 25, 2020
Insurer Arch Insurance (UK) Ltd. has launched new terrorism insurance policy for small and medium-sized enterprises in the U.K.
Posted: Nov 25, 2020
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and CEO of French reinsurer SCOR, said Wednesday.
Posted: Nov 25, 2020
Capital markets back majority of Germany-based reinsurer Hannover Re SE’s retrocession reinsurance sidecar facility K-Cessions, with about 80% of its aggregate retro supported by investors.
Posted: Nov 25, 2020
A federal appeals court has overturned a lower court ruling and held a former car dealership network worker’s hostile work environment and sexual harassment claims should be arbitrated, not litigated.
Posted: Nov 24, 2020
Posted: Nov 24, 2020
Home Depot Inc., the largest U.S. home improvement retailer, on Tuesday reached a $17.5 million settlement to resolve a multistate probe into a 2014 data breach where hackers accessed payment card data belonging to 40 million customers.
Posted: Nov 24, 2020
Purdue Pharma LP pleaded guilty to criminal charges over the handling of its addictive prescription painkiller OxyContin, capping a deal with federal prosecutors to resolve an investigation into the drugmaker's role in the U.S. opioid crisis.
Posted: Nov 24, 2020
A federal appeals court has affirmed a lower court ruling in favor of a Travelers Cos. Inc. unit in a dispute with a truck leasing company that focused on the attorney the insurer had hired.
Posted: Nov 24, 2020
A bipartisan group of U.S. states plans to file an antitrust lawsuit against Google as early as next month, according to two people briefed on the matter, potentially beating a more widely anticipated lawsuit from a different group of states led by T...
Posted: Nov 24, 2020
The meatpacking and poultry processing industries may be responsible for as much as 8% of total COVID-19 cases in the U.S., according to research published Thursday by the Proceedings of the National Academy of Sciences.
Posted: Nov 24, 2020
The U.S. Occupational Safety and Health Administration earlier this month issued an additional nearly $300,000 in fines for COVID-19 safety violations, bringing the total number of fines the agency has issued since the start of the pandemic to $3.15...
Posted: Nov 24, 2020
New Zealand’s Earthquake Commission has agreed to reimburse insurers Insurance Australia Group Ltd. and Tower Insurance Ltd. for the amounts they spent fixing earthquake-damaged homes in Canterbury.
Posted: Nov 24, 2020
A new law prevents telecommunications firms in the U.K. from using equipment by high-risk vendors such as Huawei Technologies Co. Ltd. under the threat of heavy penalties.
Posted: Nov 24, 2020
A three-day fire at semiconductor producer Asahi Kasei Microdevices Corp.’s factory in Nobeoka, Japan, has disrupted camera and high-end audio device manufacturers’ supply chain.
Posted: Nov 24, 2020
A study by Russia’s environmental watchdog has found that environmental damages caused by the companies reached 234.7 billion Russian rubles ($3 billion) in 2020, reflecting a 1000% year-on-year increase.
Posted: Nov 24, 2020
Next year could be one of Beazley PLC’s strongest for more than a decade, the Lloyd’s of London insurer’s chief executive said on Tuesday, with the industry likely having already absorbed the bulk of its losses from the coronavirus pandemic.
Posted: Nov 24, 2020
Austria-based Vienna Insurance Group AG is expected to see 29% year-on-year drop in pre-tax profits to €266 million ($315.34 million) in the first three quarters of the year.
Posted: Nov 24, 2020
Honduras’ central bank expects an additional percentage point reduction in the country’s economic growth in 2020 due to the damage caused by Hurricane Eta.
Posted: Nov 24, 2020