News Center
Business Insurance - _Risk Management
FTC seeking comments on cloud computing providers’ security
The Federal Trade Commission said Wednesday it is seeking information on cloud computing providers’ business practices, including their potential security risks.
POSTED MARCH 22, 2023 4:19 PM |
U.S. judge narrows shareholder lawsuit against Alibaba
A U.S. judge said Alibaba Group Holding Ltd., the Chinese e-commerce giant founded by Jack Ma, must face claims it defrauded shareholders about its alleged monopolistic practices, but dismissed claims over a shelved initial public offering for its Ant Group affiliate.
POSTED MARCH 22, 2023 2:36 PM |
Fired postal worker’s age bias, retaliation claims reinstated
A federal appeals court on Tuesday reversed a lower court ruling and reinstated age discrimination and retaliation claims filed by a fired postal worker.
POSTED MARCH 22, 2023 1:44 PM |
Berkshire off hook in covering motorcycle rally accident
A Berkshire Hathaway Group Inc. unit does not have to defend or indemnify motorcycle rally organizers for an accident where a car hit two motorcycle riders under an “absolute” auto exclusion in their general commercial liability policy, a federal appeals court ruled Wednesday, in affirming a lower court.
POSTED MARCH 22, 2023 1:08 PM |
Commercial insurance price hikes to continue in most lines
Commercial insurance rates will continue to rise mainly in the single and low double digits across major commercial insurance lines, with some isolated declines, according to a report Wednesday from Risk Strategies Inc.
POSTED MARCH 22, 2023 12:56 PM |
Natural catastrophe losses top $120 million again in 2022
Natural disasters in 2022 caused $125 billion in insured losses, driven largely by Hurricane Ian, which caused some $50 billion to $60 billion in losses, or nearly half of the total, according to a report Wednesday from Swiss Re Ltd.
POSTED MARCH 22, 2023 12:40 PM |
Judge overturns $469M verdict against Dish Network over streaming patents
A Utah federal judge on Tuesday overturned a jury’s verdict that Dish Network LLC must pay $469 million to parental-control technology maker ClearPlay Inc. for infringing two patents related to filtering material from streaming video.
POSTED MARCH 22, 2023 11:21 AM |
Chubb demands policyholders reduce methane emissions
Chubb Ltd. said Wednesday it will restrict coverage for oil and gas extraction projects unless policyholders reduce methane emissions, a major greenhouse gas.
POSTED MARCH 22, 2023 10:59 AM |
Country’s highest court to sniff out the truth on dog toy parody
The U.S. Supreme Court is slated to hear arguments Wednesday on whether a dog toy company violated federal trademark law when it parodied Jack Daniels bottles to sell a “Bad Spaniels Silly Squeaker” toy replete with smelly, excrement-themed jokes, CNN reported.
POSTED MARCH 22, 2023 10:50 AM |
EEOC charges Otis Elevator with not accommodating autistic worker
The U.S. Equal Employment Opportunity Commission said Tuesday it is suing Otis Worldwide Corp., which conducts business as Otis Elevator Co., for allegedly not providing a reasonable accommodation to an employee who has autism spectrum and attention-deficit/hyperactivity disorders.
POSTED MARCH 21, 2023 5:47 PM |
insuranceNEWS.com.au
BI class actions set for tussle over a way forward
The Federal Court has scheduled a two-day hearing for July to decide whether four business interruption class actions filed by two legal firms should instead proceed as individual claims, as sought by insurers...
POSTED MARCH 20, 2023 1:59 PM |
Auckland flood loss estimate is now $1.5 billion
Swiss catastrophe data firm Perils has estimated the Auckland flood catastrophe has so far led to insured losses of about $NZ1.65 billion...
POSTED MARCH 20, 2023 1:58 PM |
AFCA says delays extend beyond disaster claims
The Australian Financial Complaints Authority says claim-handling delays were the major cause of general insurance complaints last year, and the issue extended beyond disputes arising from flooding and other catastrophes...
POSTED MARCH 20, 2023 1:57 PM |
Drought-causing El Nino could form later this year
An El Nino event, typically associated with heatwaves and bushfires in eastern Australia, could form later this year following the end to climate driver influences that have recently brought wet weather and flooding...
POSTED MARCH 20, 2023 1:56 PM |
Global cover gaps highlight NZ cyber, disaster issues
The Insurance Council of New Zealand says a global report highlighting protection gaps for cyber risks and natural disasters is particularly relevant locally...
POSTED MARCH 20, 2023 1:55 PM |
Business Insurance
FTC seeking comments on cloud computing providers’ security
The Federal Trade Commission said Wednesday it is seeking information on cloud computing providers’ business practices, including their potential security risks.
POSTED MARCH 22, 2023 4:19 PM |
U.S. judge narrows shareholder lawsuit against Alibaba
A U.S. judge said Alibaba Group Holding Ltd., the Chinese e-commerce giant founded by Jack Ma, must face claims it defrauded shareholders about its alleged monopolistic practices, but dismissed claims over a shelved initial public offering for its Ant Group affiliate.
POSTED MARCH 22, 2023 2:36 PM |
Fired postal worker’s age bias, retaliation claims reinstated
A federal appeals court on Tuesday reversed a lower court ruling and reinstated age discrimination and retaliation claims filed by a fired postal worker.
POSTED MARCH 22, 2023 1:44 PM |
Washington state proposes stricter heat illness prevention rules
Washington State Department of Labor & Industries on Wednesday provided details on a proposal to update the state’s permanent heat rules to increase protections for agricultural, construction and other workers exposed to dangerous outdoor temperatures on the job.
POSTED MARCH 22, 2023 1:15 PM |
Berkshire off hook in covering motorcycle rally accident
A Berkshire Hathaway Group Inc. unit does not have to defend or indemnify motorcycle rally organizers for an accident where a car hit two motorcycle riders under an “absolute” auto exclusion in their general commercial liability policy, a federal appeals court ruled Wednesday, in affirming a lower court.
POSTED MARCH 22, 2023 1:08 PM |
Commercial insurance price hikes to continue in most lines
Commercial insurance rates will continue to rise mainly in the single and low double digits across major commercial insurance lines, with some isolated declines, according to a report Wednesday from Risk Strategies Inc.
POSTED MARCH 22, 2023 12:56 PM |
Natural catastrophe losses top $120 million again in 2022
Natural disasters in 2022 caused $125 billion in insured losses, driven largely by Hurricane Ian, which caused some $50 billion to $60 billion in losses, or nearly half of the total, according to a report Wednesday from Swiss Re Ltd.
POSTED MARCH 22, 2023 12:40 PM |
Judge overturns $469M verdict against Dish Network over streaming patents
A Utah federal judge on Tuesday overturned a jury’s verdict that Dish Network LLC must pay $469 million to parental-control technology maker ClearPlay Inc. for infringing two patents related to filtering material from streaming video.
POSTED MARCH 22, 2023 11:21 AM |
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