Business Insurance
Almost a quarter of employees choose the wrong health insurance, according to an unpublished study by economists at the University of Dayton in Dayton, Ohio.
Posted: Nov 10, 2020
Fast-growing brokerage AssuredPartners Inc. on Tuesday unveiled a series of changes to its senior leadership to support incoming CEO Thomas E. Riley from Jan. 1, 2021.
Posted: Nov 10, 2020
October premium rate changes rose in general liability, commercial property and umbrella while rate changes for commercial auto, business owner’s policy and workers compensation declined, according to insurance exchange Ivans Insurance Services, a di...
Posted: Nov 10, 2020
Policyholders could face 10% rate hikes on their cyber insurance over the new few months because of the growing losses associated with ransomware attacks, and coverage restrictions may be in the offing as well, an expert says.
Posted: Nov 10, 2020
The French medical safety regulator faces prosecution for injuries and manslaughter by negligence caused by epilepsy drug valproate, which was sold by pharmaceutical firm Sanofi as Dépakine.
Posted: Nov 10, 2020
Germany-based insurer Allianz SE's net profit increased 6% year-over-year to nearly €2.1 billion ($2.4 billion) in the third quarter of 2020, despite the COVID-19 pandemic.
Posted: Nov 10, 2020
French reinsurer Scor SE expects COVID-19 pandemic-related property/casualty claims to reach €256 million ($304 million).
Posted: Nov 10, 2020
The 6.6-magnitude earthquake that hit the Turkish province of Izmir on Oct. 30 destroyed 342 buildings, damaged 3,660 buildings heavily and 383 moderately.
Posted: Nov 10, 2020
Ryan Phillips, chief operating officer at Lloyd's broker Afro-Asian Insurance Services Ltd., said that six global reinsurers will pressure Africa to increase insurance rates.
Posted: Nov 10, 2020
Spain-based Prestige Software has leaked data of 10 million customers of several booking websites including Booking.com, Expedia, Agoda, Hotels.com, and Sabre, among others.
Posted: Nov 10, 2020
Vladimir Chistyukhin, deputy chairman of the Bank of Russia, said that nonlife insurance premiums declined 2% year-over-year to 267 billion Russian rubles ($3.5 billion) in the first nine months of 2020.
Posted: Nov 10, 2020
The damage caused by hurricane Eta, which hit Honduras and Guatemala last week, has delayed exports from both the nations.
Posted: Nov 10, 2020
Heavy rains and strong winds caused flash floods in the Spanish municipality of Ardales.
Posted: Nov 10, 2020
Employers testing their workers for COVID-19 should be wary of inadvertently also collecting biometric information in violation of state privacy laws.
Posted: Nov 10, 2020
Alliant Insurance Services Inc. has hired Dale Harshaw, Rocky Qualin and Geoff Shelton from Truist Insurance Service Inc. as senior vice presidents in its construction services group, the Newport Beach, California-based broker said in a statement Mo...
Posted: Nov 09, 2020
The Supreme Court of Alaska ruled Friday that Walmart Associates Inc. must continue to provide benefits to a security guard who in 2016 was shot in the face with a pellet gun in an altercation at a store in Eagle Ridge, Alaska, and continues to suffe...
Posted: Nov 09, 2020
The U.S. Occupational Safety and Health Administration issued nearly $500,000 in COVID-19 citations between Oct. 23 and Oct. 29, bringing the total number of proposed penalties against employers for failing to protect workers from coronavirus to near...
Posted: Nov 09, 2020
The Oregon Occupational Safety and Health Administration on Friday adopted a temporary rule requiring employers to implement safety measures to reduce the spread of COVID-19.
Posted: Nov 09, 2020
Most employers invested in providing sanitizing stations, increasing deep cleaning of common areas and hanging signage to educate workers on COVID-19 prevention and hygiene, according to a study conducted by the National Safety Council released Frida...
Posted: Nov 09, 2020
A federal court in Michigan on Thursday denied a summary judgment in a negligence case to a company that installed and maintained a manufacturing floor robot that fatally injured a woman.
Posted: Nov 09, 2020
Brown & Brown Inc. has acquired online insurance platform CoverHound Inc., including its wholly owned subsidiary CyberPolicy, Brown & Brown said in a statement Monday.
Posted: Nov 09, 2020
Private equity firm Cinven Ltd. and GIC Private Ltd., Singapore’s sovereign wealth fund, have agreed to acquire Miller Insurance Services LLP, the London-based wholesale unit of Willis Towers Watson PLC.
Posted: Nov 09, 2020
Democrat and former U.S. vice president Joe Biden was declared winner of the U.S. presidential election by several major television networks on Saturday, beating Republican incumbent Donald Trump who took an industry-friendly stance on regulation.
Posted: Nov 09, 2020
Italian drinks group Campari said on Friday checks conducted after a hacking attack showed data on some of the company's servers had been encrypted and some information had been lost.
Posted: Nov 09, 2020
Warren Buffett's Berkshire Hathaway Inc. reported lower quarterly operating results on Saturday and said the coronavirus pandemic may cause further damage, even as gains in stocks such as Apple Inc. fueled a more than $30 billion overall profit.
Posted: Nov 09, 2020