Business Insurance
Axis Insurance, the specialty insurance unit of Axis Capital Holdings Ltd., has added three lead underwriters to its U.S. cyber and technology team, Pembroke, Bermuda-based Axis Capital said in a statement Wednesday.
Posted: Nov 04, 2020
Hub International Ltd. has bought Stalco Insurance Ltd., a Canadian broker that specializes in the agricultural insurance sector.
Posted: Nov 04, 2020
An administrative law judge of the Occupational Safety and Health Review Commission on Tuesday affirmed a repeat citation issued to a construction company for failing to provide fall protection to a worker.
Posted: Nov 04, 2020
Two movie producers in trouble with mob debt cast an elderly actor in an action-packed film and aim to accidentally kill him in a film stunt, all to collect insurance money.
Posted: Nov 04, 2020
Missouri’s highest court on Tuesday refused to consider Johnson & Johnson’s appeal of a $2.12 billion damages award to women who blamed their ovarian cancer on asbestos in its baby powder and other talc products.
Posted: Nov 04, 2020
Swedish insurer Folksam AB has accidentally leaked private data of around one million customers to technology firms.
Posted: Nov 04, 2020
Spain-based insurer Mapfre SA's premiums slid nearly 12% year-over-year to €15.6 billion ($18.2 billion) in the first nine months of 2020, due to the COVID-19 pandemic.
Posted: Nov 04, 2020
Indian insurers have paid a compensation of 6.6 billion Indian rupees ($89 million) for damage to an Air India Express plane that crashed in August.
Posted: Nov 04, 2020
Oman-based Al-Ahlia Insurance Co.'s shareholders have approved its merger with Saudi Arabia-based Gulf Union Cooperative Insurance Co.
Posted: Nov 04, 2020
Dominican Republic-based natural gas supplier Coopegas' key executives have been arrested for negligence that led to an explosion at its propane station in Licey, in October.
Posted: Nov 04, 2020
Insurer Croatia osiguranje dd's overall gross written premiums fell 4% year-on-year to 2.6 billion Croatian kuna ($400 million) in the first nine months of 2020.
Posted: Nov 04, 2020
Hurricane Eta hit Nicaragua near the port of Puerto Cabezas on Nov. 3 and caused widespread damage.
Posted: Nov 04, 2020
Austria-based Vienna Insurance Group AG has purchased Latvia-based BTA Baltic Insurance Co. AAS.
Posted: Nov 04, 2020
October’s most popular Off Beat story featured the possible king of all bizarre insurance commercials. A story on a police chief moonlighting as a pinup model was No. 2 for page views for the month.
Posted: Nov 04, 2020
Posted: Nov 03, 2020
The Indiana Supreme Court last week agreed to decide whether an oil company was entitled to coverage in connection with a ransomware payment under the computer fraud provision in its policy.
Posted: Nov 03, 2020
International Catastrophe Insurance Managers LLC is offering vacant buildings insurance for commercial property owners in 17 states, the specialty catastrophe underwriter said in a statement Monday.
Posted: Nov 03, 2020
With the presidential elections the topic du jour, 83% of American workers have political conversations at work, according to the career blog Zety.
Posted: Nov 03, 2020
Twenty-four percent of retail workers surveyed reported having mild anxiety and 8% reported mild depression during the COVID-19 pandemic, according to a study published Friday in Occupational & Environmental Medicine.
Posted: Nov 03, 2020
French insurer Axa SA said on Tuesday it would inject around €1 billion ($1.2 billion) into its Axa XL unit to strengthen the capital position of a business hit by coronavirus-related claims and costs stemming from natural catastrophes.
Posted: Nov 03, 2020
The Occupational Safety and Health Administration on Friday issued respiratory protection guidance for those working in nursing homes, assisted living and other long-term care facilities.
Posted: Nov 03, 2020
Houston International Insurance Group Ltd. said Tuesday it has hired two directors and officers liability underwriters from American International Group Inc.
Posted: Nov 03, 2020
Houston International Insurance Group Ltd. said Tuesday it has hired a directors and officers liability underwriter from American International Group Inc.
Posted: Nov 03, 2020
CRC Insurance Services Inc. has acquired specialty surplus lines broker and MGA W. Brown & Associates Insurance Services Inc. of Irvine, California, CRC said in a statement Tuesday.
Posted: Nov 03, 2020
A federal judge on Monday said Philadelphia and Baltimore may sue eight big banks for allegedly conspiring to force state and local governments to pay inflated interest rates on a popular type of tax-exempt municipal bond.
Posted: Nov 03, 2020