Business Insurance
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
Sources at Lebanon's Insurance Control Commission said that several insurers have failed to properly reinsure their risks, putting around $700 million worth of damage caused by the Beirut Port blast at risk.
Posted: Nov 09, 2020
French reinsurer Scor SE's gross written premiums increased 1% year-on-year to nearly €4.1 billion ($5 billion) in the third quarter of 2020 despite the COVID-19 pandemic.
Posted: Nov 09, 2020
U.K.-based insurer and reinsurer Beazley PLC plans to use reinsurance to manage growth in some of the more volatile lines it rights.
Posted: Nov 09, 2020
U.S.-based cybersecurity firm Cyble Inc. said that India-based e-commerce grocery firm BigBasket suffered a cyber attack on Oct. 14 and personal details of up to 20 million customers were stolen.
Posted: Nov 09, 2020
Singapore Airlines Ltd. reported a record loss of $2.3 billion Singapore ($1.7 billion) in the quarter ended Sep. 30, as the carrier continued to reel from the impact of the COVID-19 pandemic on global air travel.
Posted: Nov 09, 2020
The Federal Trade Commission is aiming to clean house on counterfeit websites that allegedly trick consumers into paying for Clorox and Lysol cleaning products that never get delivered.
Posted: Nov 06, 2020
A federal district court in Austin, Texas, on Wednesday refused to dismiss a COVID-19 business interruption lawsuit filed by a barbershop against a Hartford Financial Services Group Inc. unit based on language in its virus exclusion that provides for...
Posted: Nov 06, 2020
An annual report to the California legislature on claims-handling practices of worker compensation administrators found that 67.5% met or exceeded the performance standards set by the states.
Posted: Nov 06, 2020
American International Group Inc. will likely spin off its life and retirement business via an initial public offering or a staggered private sale, its incoming CEO Peter Zaffino said Friday.
Posted: Nov 06, 2020
There are “significant regional differences” in the share of total reported claims arising from COVID-19, with Southern California showing higher incidents of workplace illnesses, according to a study released Thursday by the Workers’ Compensation In...
Posted: Nov 06, 2020
Former workers compensation administrator Stephanie McCloud has been promoted to director of the Ohio Department of Health, Ohio Gov. Mike DeWine announced Thursday.
Posted: Nov 06, 2020
Pfizer Inc. received informal requests relating to its operations in China from the U.S. Department of Justice and the U.S. Securities and Exchange Commission in June and August, respectively, its regulatory filing showed on Thursday.
Posted: Nov 06, 2020
The husband of a former Amazon.com Inc. finance manager who leaked confidential information about the online retailer's financial performance pleaded guilty on Thursday to an insider trading charge, the U.S. Department of Justice said.
Posted: Nov 06, 2020
Pricing changes across multiple lines of business have been much in the news this week. Also of note: Several underwriters have switched companies.
Posted: Nov 06, 2020
Beazley PLC indicated on Friday that it would post an underwriting loss for the year, as the British specialist insurer set aside $80 million to pay out catastrophe claims and reiterated its pandemic-related loss estimate.
Posted: Nov 06, 2020
Finland-based insurer Sampo Oyj's pre-tax profit increased more than five-fold to €485 million ($564 million) in the third quarter of the year, driven by excellent results at its property/casualty unit.
Posted: Nov 06, 2020