Business Insurance
Marsh, a business unit of Marsh & McLennan Cos., has promoted Hamish Roberts to global renewable energy leader of Marsh JLT Specialty, effective Jan. 1.
Posted: Nov 19, 2020
On the music-video app Triller anybody can be Tom Petty, Madonna or Neil Young.
Posted: Nov 19, 2020
Business interruption (BI) losses accounted for 60% of cyber insurance claims in the past five years, according to a report published Thursday by Allianz Global Corporate & Specialty SE (AGCS).
Posted: Nov 19, 2020
Hub International Ltd. has acquired the assets of United Shortline Insurance Services Inc., Chicago-based Hub said in a statement Thursday.
Posted: Nov 19, 2020
Typhoon Ulysses, which struck the Philippines in early November, caused infrastructural damage worth 6.1 billion Philippine pesos ($126.61 million).
Posted: Nov 19, 2020
Low-cost carrier AirAsia Japan Co. Ltd. has filed for bankruptcy in Tokyo due to the challenging conditions created by the COVID-19 pandemic-induced travel restrictions.
Posted: Nov 19, 2020
Cayman Islands-based Caribbean Catastrophe Risk Insurance Facility SPC will pay $10.7 million to Nicaragua following heavy damages from Hurricane Eta.
Posted: Nov 19, 2020
Insurers in Kuwait reported 2.6% year-over-year decline in combined profits to 31.8 million Kuwaiti dinar ($104 million) in the first three quarters of the year.
Posted: Nov 19, 2020
Turkey-based insurer Turkiye Sigorta AS has agreed to insure state-owned satellite operator Türksat AS’ three operating satellites for 2.23 billion Turkish lira ($280 million).
Posted: Nov 19, 2020
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