6 months ago
Cybersecurity and data privacy are the chief concerns among U.S. middle market business leaders, with 75% saying they are “extremely or very concerned,” according to the annual Business Insurance Trends report from Marsh McLennan Agency released Tuesday.
6 months ago
6 months ago
The Washington State Department of Labor & Industries said last week it had cited and fined an asbestos removal contractor after two investigations found the company exposed workers to hazardous conditions.
6 months ago
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6 months ago
Forecasters predict the Atlantic hurricane season, which officially starts June 1, will see well-above-normal activity, but whether that will equate to higher insured losses depends on multiple factors, with landfall location being a top indicator.
6 months ago
Japan’s leading insurers, Sompo Japan Insurance Inc., Tokio Marine & Nichido Fire Insurance Co., Aioi Nissay Dowa Insurance Co., and Mitsui Sumitomo Insurance Co., admitted on May 23 to having shared contract information of their auto insurance customer with their competitors.
6 months ago
Australia-based insurance broker network AUB Group Ltd. has entered into an agreement to acquire a 70% equity stake in Australian specialty underwriting agency Pacific Indemnity Underwriting Solutions Pty Ltd. in a deal valued at $192 million Australian ($128 million).
6 months ago
Data released by the General Insurance Association of Japan showed that claims paid for the 7.5-magnitude earthquake, which struck the Noto Peninsula in Japan’s Ishikawa prefecture on New Year’s Day, reached $85 billion Japanese yen ($541 million).
6 months ago
Data published by Insurance Monitor in association with Lux Actuaries and Consultants showed that the combined net profit after tax of 77 listed insurers in the Gulf Cooperation Council nations grew by over 22% year-on-year to $619 million in the first quarter of this year.
6 months ago
Topical Cyclone Remal hit southern India and Bangladesh on May 26, bringing torrential rain and heavy winds, and causing wide-scale damage.
6 months ago
Live Nation and its Ticketmaster unit have been hit with the first in a likely wave of new consumer antitrust lawsuits after the U.S. government and states sued to break up the two companies on Thursday.
6 months ago
The 2nd U.S. Circuit Court of Appeals on Thursday overturned the dismissal of a dispute between a claims automation company and a captive insurer over coverage of a $2.5 million class action over the valuation of cars damaged in crashes.
6 months ago
The U.S. Court of Appeals for the 11th Circuit declined Thursday to take up an appeal in a case brought by the widow of a deceased coal worker who sought survivor benefits under the Black Lung Benefits Act.
6 months ago
A series of convective storms that hit the southern and eastern U.S. May 16-22, including a derecho that swept from central Texas along the Gulf Coast to Central Florida, will result in billions of dollars in insured losses, according to a report Friday from Aon PLC.
6 months ago
A trial court erred in failing to dismiss a lawsuit against a school district by a former custodian who claimed she was fired in retaliation for filing a workers compensation claim, a Texas appellate court ruled Thursday.
6 months ago
The U.S. Department of Labor on Thursday said it reached a settlement agreement with a New Jersey contractor after a worker suffered a fatal fall at the construction site of a multiunit residential building in Bayonne in October 2023.
6 months ago
6 months ago
The 10th U.S. Circuit Court of Appeals on Thursday said a widow can seek $1 million in uninsured motorists coverage from Federated Mutual Insurance Co. for a March 2020 crash that killed her husband.