Aggregator
Continental penalized $107 million for role in Volkswagen scandal
SBI General’s premiums up 17%
Demystifying AI and predictive analytics in risk and claims
Join this webinar on May 22 to see how data visualization, predictive analytics, and AI can speed up insights for risk management and claims departments.
Gallagher reports 20% revenue increase in Q1
Arthur J. Gallagher & Co. reported double-digit revenue increases in both of its major business segments in the first quarter of 2024 as insurance rates continued to increase across most lines and it added more revenue through acquisitions.
Amazon wrongly denied comp claim for back surgery: Court
A Delaware judge ruled Thursday that Amazon.com Inc. didn’t follow proper guidelines when it denied a claim filed by an injured employee.
Marsh introduces global alternative risk practice
Marsh LLC on Thursday launched a global alternative risk solutions practice, led by Christophe Letondot.
Sedgwick’s Dave North to retire, remain on board
Dave North will retire from his role as executive chairman of Sedgwick Claims Management Services Inc. on June 30 but will remain on the board of directors, the company announced Thursday.
Aon property leader Rick Miller dies
Rick Miller, property practice leader at Aon PLC, died Tuesday after a brief illness.
DHL to pay $8.7 million to settle EEOC racial discrimination suit
The U.S. Equal Employment Opportunity Commission announced Thursday that Germany-based shipping and logistics company DHL agreed to pay $8.7 million to resolve allegations that it discriminated against Black employees.
Marsh moves nonsolicitation agreement fight to federal court
Marsh USA LLC has moved a former executive’s lawsuit seeking to void his nonsolicitation agreement from California state court to federal court in San Francisco because damages likely already exceeded $75,000.
Russia reinsurer backs firms to get India marine insurance permit
Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions.
WTW posts higher revenue, downplays FTC noncompete ban
The Federal Trade Commission’s ban on noncompetes will be manageable top executives at Willis Towers Watson PLC said Thursday as the brokerage reported higher revenue but lower profit for the first quarter.
Hanover Foods cited over repeated safety and health failures
The U.S. Occupational Safety and Health Administration said Tuesday that it again cited a large food manufacturer for numerous safety and health violations at its Pennsylvania facility.
Vantage enters US large property insurance sector
Bermuda-based insurer and reinsurer Vantage Group Holdings Ltd. said Thursday it will offer up to $10 million in primary and excess property insurance limits in the United States.