Business Insurance
The Risk and Insurance Management Society on Tuesday said its annual convention and exhibition, slated to be held in Chicago April 19-21, 2021, will consist of limited in-person, socially distanced activities only if feasible.
Posted: Nov 17, 2020
A private equity firm and the founder of comp surgical management provider ForeSight Medical has acquired workers compensation dental care provider DentalWorks USA Inc., DentalWorks announced in a statement Tuesday.
Posted: Nov 17, 2020
A federal appeals court on Monday affirmed a jury verdict that upheld the dismissal of a Florida college teacher who had denied the 2012 massacre of 20 children and six adults at Sandy Hook Elementary School in Connecticut occurred, holding that he h...
Posted: Nov 17, 2020
The U.S. Centers for Disease Control and Prevention awarded $1.5 million to researchers at the University of Illinois at Chicago and Worcester Polytechnic Institute to study ways to reduce workers’ exposure to hazards through the development and use...
Posted: Nov 17, 2020
The jolliest star of the holiday season will face the same COVID-19 safety protocols as, say, a disgruntled retail worker, according to an article on the celebrity news site TMZ.com.
Posted: Nov 17, 2020
Ransomware was the number one cause of loss for small and medium-sized enterprises last year, according to a study issued Tuesday from cyber risk and response firm NetDiligence.
Posted: Nov 17, 2020
Willis Towers Watson PLC has launched a tech, media and telecom differentiated broking solutions program.
Posted: Nov 17, 2020
Houston International Insurance Group said Tuesday it has changed its name to Skyward Specialty Insurance Group.
Posted: Nov 17, 2020
Convex Group Ltd., the London and Bermuda-based insurer and reinsurer founded by Stephen Catlin, founder of Catlin Group Ltd., and Paul Brand, previously Catlin’s chief underwriting officer, said Tuesday it had raised another $1 billion.
Posted: Nov 17, 2020
Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of insurance, Britain's markets watchdog told the U.K. Supreme Court on Tuesday.
Posted: Nov 17, 2020
A company that erects steel frames in construction violated the Occupational Safety and Health Administration’s fall protection standard when two of its workers were spotted not using the proper equipment during an inspection, an administrative law j...
Posted: Nov 17, 2020
The Russian economy is set to lose $44 billion to cybercrime in 2020, according to estimates published on Tuesday by Russian bank Sberbank, with the shift to online during the COVID-19 pandemic posing new challenges.
Posted: Nov 17, 2020
A report by Aon PLC said that Europe recorded more than €6.9 billion ($8.16 billion) in economic losses due to natural catastrophes in October.
Posted: Nov 17, 2020
Hurricane Iota made landfall on Nicaragua's Caribbean coast as a Category 5 storm on Nov. 16.
Posted: Nov 17, 2020
There was a 3.8% year-over-year growth in the net profits of 23 UAE-listed insurers to AED1.41 billion United Arab Emirates dirham ($384 million) in the first nine months of the year.
Posted: Nov 17, 2020
Brazil's insurance regulator Superintendência de Seguros Privados is urging local insurers and reinsurers to embrace transparency measures to help the country develop a legal and regulatory environment to allow for the issuance of insurance-linked se...
Posted: Nov 17, 2020
Allianz Egypt has reported a profit of 490 million Egyptian pounds ($31.3 million) in the year ended June 30, with its property and casualty business posting 52% year-on-year growth in profits to EGP139 million.
Posted: Nov 17, 2020
Italian volcano Stromboli erupted on Nov. 16, triggering explosive events and landslides.
Posted: Nov 17, 2020
Reinsurer General Insurance Corporation of India reported over 12% year-over-year growth in gross written premiums to 106.52 billion Indian rupees ($1.43 billion) in the fiscal second quarter ended Sept. 30.
Posted: Nov 17, 2020
Australia’s Bureau of Meteorology has issued warning for storms and floods in Sydney in the upcoming months due to the onset of La Niña phenomenon which can bring heavy rains and trigger flooding.
Posted: Nov 17, 2020
The pandemic-induced surge in bankruptcy filings is leading to more demands for information from directors and officers liability underwriters, experts say.
Posted: Nov 17, 2020
Cybersecurity has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of insurance broker and consulting firm Ma...
Posted: Nov 16, 2020
A federal appeals court has affirmed the dismissal of a lawsuit filed by Office Depot Inc. against an American International Group Inc. unit, stating the insurer had no duty to defend nor indemnify the office supply retailer in connection with whistl...
Posted: Nov 16, 2020
On Friday, Business Insurance recognized the 2020 Women to Watch EMEA honorees during a virtual awards presentation and leadership conference.
Posted: Nov 16, 2020
Axa XL Risk Consulting has launched its risk scanning platform, according to a statement by the division of Axa SA on Thursday.
Posted: Nov 16, 2020