Business Insurance
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
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