Business Insurance
Insurer PT Reliance Indonesia Insurance reported 15% year-on-year growth in premium in the nine months through September.
Posted: Nov 19, 2020
According to U.K.-based data analytics firm GlobalData PLC, Vietnam’s general insurance market growth rate will slow down to 3.4% in 2020 as compared to 13.6% in 2019.
Posted: Nov 19, 2020
Hailstones battered Pietermaritzburg city in the KwaZulu-Natal province, South Africa, on Nov. 18, damaging properties and vehicles.
Posted: Nov 19, 2020
A federal district court judge in Illinois has refused to dismiss putative class action litigation filed against Apple Inc. under Illinois’ Biometric Information Privacy Act in connection with its photo app’s alleged use of biometric information.
Posted: Nov 18, 2020
Apple Inc. will pay $113 million to settle allegations from 33 U.S. states and the District of Columbia that it slowed down iPhones to mask battery issues and get users to purchase new devices, state officials announced on Wednesday.
Posted: Nov 18, 2020
An insurer’s medical payment responsibilities to an injured worker ended when more than two years passed between bills, an appellate court held.
Posted: Nov 18, 2020
A federal appeals court has overturned a lower court ruling and reinstated an age discrimination lawsuit filed by a former college math instructor, stating she met all the criteria for pursuing her lawsuit under the federal Age Discrimination in Empl...
Posted: Nov 18, 2020
The National Council on Compensation Insurance released on Tuesday its countrywide review of court cases affecting the workers compensation industry.
Posted: Nov 18, 2020
A lawyer representing Alphabet Inc.’s Google LLC in the search and advertising giant’s legal fight with the government pressed on Wednesday for a faster release of documents used to write the complaint against the company.
Posted: Nov 18, 2020
The Securities and Exchange Commission imposed $1.6 billion in monetary settlements on defendants in public company and subsidiary actions in fiscal year 2020, compared with the previous fiscal year’s $1.5 billion, according to a report issued Wednes...
Posted: Nov 18, 2020
There were 568 COVID-19 workers compensation indemnity claims in Florida in October, down from 1,150 in September and 2,891 in August, according to a report released Tuesday by the state’s Department of Financial Services, Division of Workers’ Compen...
Posted: Nov 18, 2020
AssuredPartners Inc. has named Dave Tacha regional president of its newly formed Mountain West region and Randy Russell regional president of the broker’s Central States region.
Posted: Nov 18, 2020
The National Rifle Association agreed to a five-year ban on doing insurance business in New York state and will pay a $2.5 million civil fine to settle charges it offered insurance to members without a license and concealed how it routinely kept some...
Posted: Nov 18, 2020
Pinnacol Assurance will reduce workers compensation rates by an average of 6% in Colorado, the Denver-based insurer announced Tuesday.
Posted: Nov 18, 2020
A judge in Detroit on Tuesday dismissed a portion of a criminal case against a Fiat Chrysler senior manager who was charged as part of the government's probe into cheating on diesel emissions tests by the automaker.
Posted: Nov 18, 2020
Lloyd’s of London Chairman Bruce Carnegie-Brown said on Wednesday global insurance losses from the COVID-19 pandemic in 2020 will be higher than previously estimated, with 16 different business lines facing claims at Lloyd’s.
Posted: Nov 18, 2020
General Motors Co. on Wednesday launched an auto insurance program with the help of its OnStar subsidiary, joining a growing field of companies hoping to cash in on the vast amounts of data generated by increasingly automated and connected cars.
Posted: Nov 18, 2020
A class-action lawsuit has been launched against South Korea-based carmaker Hyundai Motor Co. following several incidents of battery fire in its Kona electric vehicles.
Posted: Nov 18, 2020
Combined pre-tax profits of listed insurers in Saudi Arabia jumped by 84% year-on-year to 1.68 billion Saudi riyals ($457 million) in the first three quarters of the year.
Posted: Nov 18, 2020
A report by Fitch Ratings Inc. said that Kazakhstan’s insurance market showed signs of resilience against the impacts of the COVID-19 pandemic, with significant recovery in premiums in the third quarter.
Posted: Nov 18, 2020
U.A.E-based takaful insurer Islamic Arab Insurance Co.'s gross written premium increased by 7.5% on a year-on-year basis to 949 million United Arab Emirates dirhams ($258 million) in the first three quarters of the year.
Posted: Nov 18, 2020
Hurricane Eta caused approximately $15 million in damages to Costa Rica’s road infrastructure and some 440 communities.
Posted: Nov 18, 2020
Malaysia-based electric utility company Tenaga Nasional Bhd has sued property developer Iskandar Waterfront City Bhd and its subsidiary for 76.56 million Malaysian ringgits ($18.57 million), accusing them of damaging its undersea cables.
Posted: Nov 18, 2020
British insurance group RSA is backing a £7.2 billion pound ($9.55 billion) cash offer from Canada's Intact Financial and Denmark's Tryg in one of Europe's biggest financial takeover bids this year.
Posted: Nov 18, 2020
As the pandemic rages on, more states are creating their own standards requiring employers to provide workers with proper COVID-19 training to prevent transmission of the virus, and failure to comply with these measures in some jurisdictions can lead...
Posted: Nov 18, 2020