Business Insurance
Data from the Association of Insurance Companies in Lebanon showed 6% year-on-year decrease in premiums to $822.8 million in the first half of the year.
Posted: Nov 24, 2020
App-based rideshare and delivery companies will likely seek to build on a recent California ballot victory to limit potential employment-related liabilities they may face in other states, employment law experts say.
Posted: Nov 24, 2020
A Massachusetts medical device manufacturer has agreed to pay $240,000 to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission, which charged that a supervisor had engaged in sexual harassment of at least two f...
Posted: Nov 23, 2020
The 2021 World Captive Forum will be a virtual conference and take place Feb. 24-25, Business Insurance announced Monday.
Posted: Nov 23, 2020
A putative class action securities lawsuit has been filed against an online learning company that allegedly attempted to take advantage of the COVID-19 epidemic but was unprepared.
Posted: Nov 23, 2020
General Motors Co. will recall 5.9 million vehicles with potentially dangerous Takata air bag inflators after a U.S. safety agency said Monday it had rejected the Detroit automaker's petition to avoid the callback.
Posted: Nov 23, 2020
U.K.-based Howden Broking Group Ltd. said Monday it has agreed to acquire Safeonline, a cyber and tech specialist broker and Lloyd’s of London coverholder.
Posted: Nov 23, 2020
The Illinois Department of Insurance has fined Applied Underwriters Inc. and its subsidiary Continental Indemnity Co. $250,000 for selling unapproved workers compensation policies to small businesses in the state, the department announced Tuesday.
Posted: Nov 23, 2020
Nonfatal workplace injuries and illnesses result in days away from work increased among private industry workers in 2019, compared with the prior year, the U.S. Bureau of Labor Statistics reported Wednesday.
Posted: Nov 23, 2020
The California Occupational Safety and Health Standards Board unanimously adopted emergency temporary standards on Thursday to protect workers from hazards related to COVID-19. The emergency standards will be in effect immediately if approved by the...
Posted: Nov 23, 2020
Hamilton Insurance Group Ltd. has launched Ada Capital Management Ltd. to underwrite on behalf of Bermuda-registered special purpose insurer Ada Re Ltd., Hamilton said in a statement Monday.
Posted: Nov 23, 2020
Tyson Foods Inc. has hired former U.S. Attorney General Eric Holder to investigate claims that executives at an Iowa plant were betting on whether its plant workers would contract COVID-19, the Springdale, Arkansas-based meatpacking company announced...
Posted: Nov 23, 2020
RSG Underwriting Managers LLC, the managing underwriting division of Ryan Specialty Group LLC, said Monday it is consolidating two of its managing underwriting businesses, Trident Marine Managers and Global Special Risks, to create a new practice, Ma...
Posted: Nov 23, 2020
Reinsurance markets may be heading into a multiyear hardening with prices expected to increase “materially” at 2021 renewals, according to a report Monday from analysts at Jeffries Group LLC.
Posted: Nov 23, 2020
Australia's corporate regulator is investigating an outage at the country's stock exchange last week that hit trading systems and nearly wiped out an entire session, bourse operator ASX Ltd. said on Monday.
Posted: Nov 23, 2020
A ransomware attack on Nov. 22 forced South Korea-based fashion and retail conglomerate E-Land Group to close half of its stores.
Posted: Nov 23, 2020
John Dacey, chief financial officer of Swiss Re Ltd., said that the reinsurer has significantly increased its use of alternative reinsurance capital sources in the past few years to better manage risks.
Posted: Nov 23, 2020
Slovenia-based insurer and reinsurer Sava Re dd reported 26.4% year-on-year growth in net profit to €47.6 million ($56.4 million) in the first three quarters of the year.
Posted: Nov 23, 2020
According to the Institute for Economics and Peace’s Global Peace Index, violence caused economic damage worth 145.3 billion South African rand ($9.42 billion) in South Africa in 2019.
Posted: Nov 23, 2020
Data from the Insurance Association of Turkey showed that insurers’ technical profits increased by 73% on a year-over-year basis to 13.9 billion Turkish lira ($1.8 billion) in the first three quarters of 2020.
Posted: Nov 23, 2020
Poland-based insurance broker Unilink SA is set to acquire Bulgaria-based I&G Insurance Brokers Ltd.
Posted: Nov 23, 2020
Data from Bulgaria's Financial Supervision Commission showed that non-life insurers’ gross written premiums increased by 1.5% to 1.63 billion Bulgarian levs ($987.98 million) in the first eight months of the year.
Posted: Nov 23, 2020
A Delaware court ruled Thursday that an Axa SA unit must defend a vacuum cleaner company in a patent infringement and false advertising lawsuit filed by a rival company that said it was the target of a smear campaign.
Posted: Nov 20, 2020
Reinsurance company Swiss Re said it was committed to a stable or increasing dividend as it confirmed its financial targets on Friday despite the coronavirus pandemic that has pressured the industry.
Posted: Nov 20, 2020
Johnson & Johnson has been ordered by a New York state judge to pay $120 million in damages to a Brooklyn woman and her husband, after she blamed her cancer on asbestos exposure from using the company's baby powder.
Posted: Nov 20, 2020