Business Insurance
Chevrolet dealership owner Joel Thys is sorry for the mess outside of his business in Toledo, Iowa, the cause of a derecho in August that wiped out billions of dollars of property across the Midwest.
Posted: Nov 16, 2020
The California Occupational Safety and Health Standards Board will vote Thursday whether to move forward on a proposed COVID-19 temporary workplace safety standard, which outlines mandatory requirements that employers would need to take if passed to...
Posted: Nov 16, 2020
An appellate court reinstated a jury decision in favor of a telecommunications installer who sued Target Corp. after he was injured after using one of the company’s ladders to retrieve his tools.
Posted: Nov 16, 2020
A federal district court in Phoenix has dismissed COVID-19 business interruption-related litigation filed by 19 minor league baseball teams in 10 states against Nationwide Mutual Insurance units, citing their coverages’ virus exclusion.
Posted: Nov 16, 2020
Major insurance companies told the U.K. Supreme Court on Monday it was wrong to assume there could be unlimited cover during a pandemic in an appeal closely watched by thousands of British businesses devastated by the coronavirus crisis.
Posted: Nov 16, 2020
A group led by privacy activist Max Schrems filed complaints on Monday with German and Spanish authorities over Apple’s online tracking tool, saying it breached European law by allowing iPhones to store users’ data without their consent.
Posted: Nov 16, 2020
Lloyd’s of London insurer and reinsurer Chaucer Insurance Group PLC launched a Bermuda-based reinsurer on Monday.
Posted: Nov 16, 2020
The drive from protection & indemnity clubs to push through double-figure premium increases at upcoming renewals should be tempered by the financial dire straits of many shipowners hit by Covid-19, according to Arthur J. Gallagher & Co.
Posted: Nov 16, 2020
Artex Risk Solutions Inc., the captive and alternative risk transfer solutions unit of Arthur J. Gallagher & Co., has named Aon Cayman Managing Director Adrian Lynch as executive vice president-North America, effective March 2021.
Posted: Nov 16, 2020
Japan-based Nissan Motor Co. Ltd. has sued its former chairman Carlos Ghosn for 10 billion Japanese yen ($95 million) for the financial losses it incurred due to his misconduct.
Posted: Nov 16, 2020
Typhoon Ulysses made landfall in the Philippines on Nov. 11 and caused widespread damage.
Posted: Nov 16, 2020
The Bank of England has said that local insurers risk under-estimating claims related to the COVID-19 pandemic and should "stress test" their underlying assumptions.
Posted: Nov 16, 2020
Switzerland's Financial Market Supervisory Authority said that financial risks related to the COVID-19 pandemic will last for months if not years.
Posted: Nov 16, 2020
An explosion at a polyethylene factory in China's Hebei province on Nov. 12 killed seven people and injured one other.
Posted: Nov 16, 2020
Data from the Association of Insurance and Reinsurance Companies of Turkey showed that local insurers' gross written premiums increased 22% year-over-year to nearly 60 billion Turkish lira ($7.7 billion) in the third quarter of 2020.
Posted: Nov 16, 2020
A Tacoma, Washington-based security company has agreed to pay $375,000 to settle U.S Equal Employment Opportunity Commission litigation in a case in which a worker was allegedly told security work was improper for a pregnant woman and terminated.
Posted: Nov 13, 2020
A Texas lawmaker has introduced a bill that would make it easier for nurses who acquire COVID-19 to obtain workers compensation benefits.
Posted: Nov 13, 2020
Paradigm Management Services Inc. has named Chris Pricco, formerly an executive at Optum Inc., as CEO of Paradigm Specialty Networks, the Walnut Creek, California-based workers compensation care management company announced Friday.
Posted: Nov 13, 2020
The Pennsylvania Supreme Court Disciplinary Board hit the brakes on a suburban Pittsburgh lawyer’s license to practice after he filed an auto insurance claim following a speedway-racing mishap, claiming he had instead swerved to miss a deer.
Posted: Nov 13, 2020
Insurers in Britain risk being optimistic in estimating losses from COVID-19 related claims and should stress test their underlying assumptions, the Bank of England said on Friday.
Posted: Nov 13, 2020
Inspectors with the Washington State Department of Labor & Industries have conducted 384 agricultural workplace safety and health inspections since March and found violations of pandemic policies at nearly a third of the sites, the agency said in a s...
Posted: Nov 13, 2020
Judicial rulings have been much in the news this week, topped by the dismissal of former American International Group Inc. Chairman Maurice R. Greenberg’s defamation lawsuit against Eliot L. Spitzer, former New York attorney general.
Posted: Nov 13, 2020
The Kentucky Supreme Court on Thursday upheld Gov. Andrew Beshear’s executive orders establishing a state of emergency in the state, ordering business closures, requiring the wearing of personal protective equipment and — while not identified in the...
Posted: Nov 13, 2020
German insurer Talanx AG's COVID-19 pandemic-related claims surpassed €1 billion ($1.2 billion) in the first nine months of the year.
Posted: Nov 13, 2020
Denmark has culled at least 10 million minks after a new mutation of the coronavirus was found in them.
Posted: Nov 13, 2020