Aggregator
Torrential rains cause widespread damage in Switzerland
Premium income grows by over 26% in Indonesia
Achmea secures $107 million of reinsurance cover from cat bond
6.0-magnitude earthquake jolts Venezuela
Omani insurers post 7% rise in insurance revenue
Singapore’s MS First Capital appoints new chief
Nevada judge rules for restaurant holding company in COVID case
A Nevada trial judge said Friday that policies issued to the owner of restaurant chains including Bonefish Grill and Outback Steakhouse potentially cover losses caused by the COVID-19 pandemic.
EU to place sanctions on 19 tankers
The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said Monday.
Under Armour to pay $434 million to settle lawsuit over sales disclosure
Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class-action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth to meet Wall Street forecasts.
PHOTO GALLERY: 2024 Break Out Awards | Chicago | June 20, 2024
The first of two Business Insurance Break Out Awards events took place in Chicago on Thursday, June 20, 2024. Honorees attended the event with colleagues and family.
Q1 underwriting result strongest since 2007: Fitch
The aggregate combined ratio for a group of 40 North American insurers and reinsurers improved to 94% in first-quarter 2024, according to a research note from Fitch Ratings Inc.
Gallagher hires former Lockton execs for new Sacramento office
Arthur J. Gallagher & Co. Inc. said Friday it has hired Alex Michon and Rachel Burnett, formerly with Lockton Cos. LLC, to head up a satellite office in Sacramento, California.
Calif. comp independent medical reviews up in 2023: Report
The California workers compensation system saw a 2.45% increase in independent medical reviews in 2023 from the prior year, and regulators overturned 8.2% more utilization review decisions last year than in 2022, the California Department of Industrial Relations said in a Thursday report.
Trucking company agrees to $65,000 discrimination settlement
The U.S. Equal Employment Opportunity Commission announced Friday that a Flushing, Michigan-based trucking and logistics company agreed to pay $65,000 to resolve a religious discrimination lawsuit.
Disney sued over relocation woes
Villains. Faraway lands. Promises. Hopes dashed. All the makings of a sappy, once-upon-a-time Disney film have made their way into a lawsuit filed Tuesday by two members of Walt Disney Co.’s product design team.
Liability rate hikes accelerate in May
Rates increases for a range of liability and small-business insurance coverages gathered speed in May, while property rate hikes remained stable, according to a report Friday from Ivans Insurance Services, a unit of Applied Systems Inc.
Appeals court upholds insurer’s win in age discrimination suit
The 5th U.S. Circuit Court of Appeals in New Orleans on Thursday upheld the dismissal of a man’s age discrimination suit over his termination as a niche market insurer’s head of risk engineering.
First-responder PTSD comp bills take effect in Arizona, Rhode Island
Arizona Gov. Katie Hobbs this week signed into law legislation that would enable certain first responders diagnosed with job-related post-traumatic stress disorder to receive alternative treatments.
Mobile home manufacturer cited over worker’s fatal fall
The U.S. Occupational Safety and Health Administration said Thursday that it cited an Alabama mobile home manufacturer after a worker’s fatal fall.