Business Insurance
Cyber analysis company Arceo.ai has relaunched as Resilience Cyber Insurance Solutions and will offer insurance coverage as a program manager supported by Intact Insurance Specialty Solutions.
Posted: Nov 11, 2020
Election day saw another wave of marijuana legalization, with voters in four states joining the ranks of the 11 states that had already approved recreational marijuana and voters in two states approving medical marijuana.
Posted: Nov 11, 2020
Documentation is essential for insurance brokers to protect themselves in errors and omissions lawsuits as policyholders who have been largely unsuccessful in obtaining business interruption coverage from their insurers eventually turn to them for co...
Posted: Nov 10, 2020
Liberty Mutual Holding Co. Inc. released an app to help policyholders protect workers from the most expensive workplace injuries, the Boston-based insurer announced Tuesday.
Posted: Nov 10, 2020
The average medical costs paid per claim are higher in-network for back and shoulder injuries compared with out-of-network claims, though lower for all other injuries, according to a study released Tuesday by the National Council on Compensation Insu...
Posted: Nov 10, 2020
Risk Placement Services Inc. is using its online platform to launch a commercial crime insurance product covering losses resulting from fraud committed by internal and external parties, the Rolling Meadows, Illinois-based wholesale broker and managin...
Posted: Nov 10, 2020
Travelers Cos. Inc. has launched a global property/casualty policy for U.S. companies with foreign exposures, the insurer announced Tuesday.
Posted: Nov 10, 2020
Nikola Corp. and its founder Trevor Milton received grand jury subpoenas from the U.S. Department of Justice in September in connection to allegations of fraud by short-seller Hindenburg, the electric-truck maker said in a regulatory filing late on M...
Posted: Nov 10, 2020
More than half of disposable gowns used to protect health care workers from COVID-19 and other exposures fail to meet necessary protection standards, according to a study released Tuesday by nonprofit Emergency Care Resource Institute.
Posted: Nov 10, 2020
Almost a quarter of employees choose the wrong health insurance, according to an unpublished study by economists at the University of Dayton in Dayton, Ohio.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