Business Insurance

Dish Network reaches $210M telemarketing settlement

Dish Network Corp. has reached a $210 million settlement to resolve a lawsuit by the U.S. government and four states over illegal telemarketing, California’s attorney general said Friday.

Posted: Dec 04, 2020

U.S. House votes to decriminalize marijuana

The U.S. House of Representatives on Friday voted 228 to 164, mostly along party lines, to decriminalize marijuana, a drug that has been a concern to those in workers compensation and workplace safety.

Posted: Dec 04, 2020

Review of Indian reservation workplace deaths denied

Citing the sovereignty of the Indian reservations, the 8th U.S. Circuit Court of Appeals on Friday denied a review of the Occupational Safety and Health Review Commission’s dismissal of safety fines issued to a fisheries company whose employees drown...

Posted: Dec 04, 2020

OSHA has issued employers $3.4M of COVID-19 fines

Since the start of the pandemic through Nov. 26, the U.S. Department of Labor’s Occupational Safety and Health Administration says it has issued $3.4 million in penalties from citations arising from 255 inspections of workplaces charged with violatio...

Posted: Dec 04, 2020

CRC Group agrees to buy assets of specialist marine insurer

CRC Group LLC said Friday it has agreed to acquire the assets of specialist marine insurer Continental Underwriters Ltd.

Posted: Dec 04, 2020

SEC fines Cheesecake Factory for misleading virus impact disclosures

The U.S. Securities and Exchange Commission said on Friday it had fined restaurant chain The Cheesecake Factory $125,000 to settle charges that it misled investors about the impact of the pandemic on its business, the first such case brought by the r...

Posted: Dec 04, 2020

Meatballs, sectionals, kitchens and insurance: Ikea has it all

Homeowners in several countries can now insure their KIVIK couches and HEMNES dressers against fires and other mishaps with “HEMSÄKER,” Ikea’s new homeowners insurance product.

Posted: Dec 04, 2020

Vitol pays $164M to resolve allegations of oil bribes in Latin America

Vitol Group's U.S. subsidiary agreed to pay $164 million to resolve probes by the U.S. government that the energy trader paid bribes in Brazil and other countries to boost its oil trading business, the U.S. Department of Justice said Thursday.

Posted: Dec 04, 2020

The BI Top 10: Week of Nov. 30, 2020

Brokerages have been making headlines this week, with Lockton Cos. LLC’s announcement that it has hired three transaction liability brokers from rival Aon PLC attracting the most interest.

Posted: Dec 04, 2020

Europe’s largest methanol plant shuts after fire

Oil and gas firm Equinor ASA has suspended production at its methanol plant in Norway's Tjeldbergodden industrial facility until further notice after a fire at the site on Dec. 2.

Posted: Dec 04, 2020

Container shortage could lead to $200 million in losses

Seafood exporters from Kerala, India, could lose 15 billion Indian rupees ($202.9 million) worth of business this holiday season due to the huge backlog at Sri Lanka’s Port of Colombo and resulting shortage of refrigerated containers.

Posted: Dec 04, 2020

Fitch maintains stable outlook for Dutch insurers

Analysts at U.S.-based Fitch Ratings Inc. announced stable outlook for Dutch insurers for 2021 as their credit profiles remain largely resilient to the COVID-19 pandemic-triggered disruptions.

Posted: Dec 04, 2020

Indonesian insurer posts 23% premium growth

Indonesia-based insurer PT Asuransi Adira Dinamika Tbk’s gross premium increased 23% year-on-year to 1.5 trillion Indonesian rupiah ($106.5 million) in the third quarter of the year.

Posted: Dec 04, 2020

Bird flu outbreak leads to culling of 29,000 chickens

Around 29,000 chickens will be culled at a poultry farm in the German district of Mecklenburgische Seenplatte, following the outbreak of H5N8 avian influenza.

Posted: Dec 04, 2020

Howden opens new office in Iceland’s capital

U.K.-based Howden Broking Group Ltd. has opened a new office in Iceland’s capital Reykjavik.

Posted: Dec 04, 2020

COVID-19 business interruption suit against Starr unit can proceed

A Nevada state court has refused to dismiss COVID-19 business interruption litigation filed by a Las Vegas commercial real estate operator and owner against a Starr Insurance Cos. unit.

Posted: Dec 03, 2020

Justice accuses Facebook of discriminating against U.S. workers

The U.S. Justice Department accused Facebook Inc. on Thursday of discriminating against U.S. workers, saying in a new lawsuit the social media giant has given hiring preferences to temporary workers, including those who hold H-1B visas.

Posted: Dec 03, 2020

Faulty workmanship exclusion bars Marriott franchisee’s claim: Court

A federal district court judge reaffirmed her earlier ruling in favor of an Everest Re Group Ltd. unit, denying a Marriott International Inc. franchise owner’s claim for a windstorm-damaged roof.

Posted: Dec 03, 2020

Industry veterans Iordanou, Hendrick launch reinsurer

Longtime industry executives Greg Hendrick and Dinos Iordanou on Thursday launched a Bermuda-based private equity-backed insurer and reinsurer.

Posted: Dec 03, 2020

Injured security guard entitled to supplemental income benefits

A security guard who was injured by a psychiatric patient while on duty is entitled to supplemental earning benefits and penalties, an appellate court ruled Wednesday.

Posted: Dec 03, 2020

California’s comp medical costs stable, comparable to rest of U.S.

Long the national leader in medical costs for injured workers, California’s medical costs per claim were “typical of other states” for 2016 claims with experience through 2019, according to new data released Thursday by the Workers Compensation Resea...

Posted: Dec 03, 2020

ASSP revises multi-employer construction standard

The American Society of Safety Professionals and the American National Standards Institute have revised a safety and health standard for multi-employer projects in construction and demolition, the Park Ridge, Illinois-based ASSP announced Wednesday.

Posted: Dec 03, 2020

FFCRA could expire at end of the year

The federal Families First Coronavirus Response Act, the complex paid sick and family and medical leave law enacted in response to the coronavirus, may expire at the end of this year.

Posted: Dec 03, 2020

Telemedicine already on rise before pandemic: Report

Telemedicine is on the rise as providers seek ways to see patients while maintaining safe distances during the COVID-19 pandemic, but new data shows that the upward trend pre-dates 2020, according to an analysis released Wednesday by the National Cou...

Posted: Dec 03, 2020

Latest pandemic casualty: the office holiday shindig

Oftentimes, a human resources and office politics dilemma, the workplace holiday party question du jour is: Can we even have one in light of the COVID-19 pandemic? And how?

Posted: Dec 03, 2020