News Center
Business Insurance - _Risk Management
Australia flags privacy overhaul after huge cyberattack on Optus
Australia plans to toughen privacy rules to force companies to notify banks faster when they experience cyberattacks, Prime Minister Anthony Albanese said on Monday, after hackers targeted the country’s second-largest telecoms firm.
POSTED SEPTEMBER 26, 2022 2:53 PM |
AssuredPartners sues fired broker over noncompete
A unit of AssuredPartners Inc. earlier this month sued a broker it terminated and his new employer over alleged breach of a noncompete agreement.
POSTED SEPTEMBER 26, 2022 2:07 PM |
The heat is on for return to work
Because it’s cooler near a water cooler, a surge of workers admit they want to go back to the office to save money on energy and internet costs, according to a survey.
POSTED SEPTEMBER 26, 2022 1:11 PM |
Doyle to succeed retiring MMC CEO Glaser
Marsh & McLennan Cos. Inc. said Monday that John Q. Doyle, will take the helm of the company as president and CEO effective Jan. 1, 2023, succeeding Daniel S. Glaser who is retiring at the end of this year.
POSTED SEPTEMBER 26, 2022 9:34 AM |
Vermont high court first to rule in policyholders’ favor in COVID litigation
The Vermont Supreme Court on Friday became the first state high court to rule in policyholders’ favor in COVID-19-related business interruption litigation, holding in a divided ruling that the virus may have caused direct physical damage.
POSTED SEPTEMBER 23, 2022 2:47 PM |
NRA charges against former NY insurance superintendent dismissed
The federal appeals court in New York overturned a lower court and dismissed two remaining First Amendment charges filed by the National Rifle Association against former New York State Department of Financial Services Superintendent Maria T. Vullo in connection with her investigation of the association’s relationship with insurers and a broker that had partnered with it in a program.
POSTED SEPTEMBER 23, 2022 1:08 PM |
Price Forbes hires former Carpenter, Gallagher execs in Peru
London-based wholesale broker Price Forbes & Partners Ltd. has hired former Arthur J. Gallagher & Co. executive Jose Antonio Osterling and former Guy Carpenter & Co. LLC executive Luis Felipe Ganoza to head its newly formed Lima, Peru, unit.
POSTED SEPTEMBER 23, 2022 11:46 AM |
Boeing to pay $200M to settle US charges it misled investors about 737 MAX
Boeing Co. will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was grounded for 20 months after two fatal crashes killed 346 people, the agency said on Thursday.
POSTED SEPTEMBER 23, 2022 10:54 AM |
Tesla countersues Calif. agency behind race bias suit
Tesla Inc. on Thursday countersued the California agency that has accused the electric carmaker of tolerating widespread race discrimination at its flagship assembly plant.
POSTED SEPTEMBER 23, 2022 10:28 AM |
The BI Top 10: Week of Sept. 19, 2022
A Washington Supreme Court ruling holding that insurers aren’t on the hook for the breakdown of a tunnel boring machine in Seattle has attracted plenty of readers. Also of note: The New York attorney general’s lawsuit accusing former President Donald Trump and his three eldest children of financial fraud.
POSTED SEPTEMBER 23, 2022 10:00 AM |
insuranceNEWS.com.au
Torrential rainfall, flooding hits NSW, Queensland
Torrential rainfall fell in parts of NSW and southeast Queensland last week, causing rivers to burst their banks and flash flooding to hit already saturated areas, as an extended wet weather pattern continues to lead to further insurance claims...
POSTED SEPTEMBER 26, 2022 2:23 PM |
Australia more at risk from cyberattacks, Thales says
More Australian organisations are under scrutiny from cyber hackers and nation-state actors after leaders signed up to international security pacts, French technology group Thales Cloud Security says...
POSTED SEPTEMBER 26, 2022 2:22 PM |
Half-year intermediary premium rises
Intermediaries placed more business by premium in the June half, invoicing about $16.58 billion compared with $14.2 billion in the corresponding period last year, Australian Prudential Regulation Authority figures released last week show...
POSTED SEPTEMBER 26, 2022 2:22 PM |
Renewable energy rise puts spotlight on project cargo cover
Rising renewable energy development in Australia has highlighted the logistical challenges in shipping specialist equipment from overseas and the role of project cargo insurance in supporting new power generation, Axa XL says...
POSTED SEPTEMBER 26, 2022 2:20 PM |
Business Insurance
Australia flags privacy overhaul after huge cyberattack on Optus
Australia plans to toughen privacy rules to force companies to notify banks faster when they experience cyberattacks, Prime Minister Anthony Albanese said on Monday, after hackers targeted the country’s second-largest telecoms firm.
POSTED SEPTEMBER 26, 2022 2:53 PM |
AssuredPartners sues fired broker over noncompete
A unit of AssuredPartners Inc. earlier this month sued a broker it terminated and his new employer over alleged breach of a noncompete agreement.
POSTED SEPTEMBER 26, 2022 2:07 PM |
The heat is on for return to work
Because it’s cooler near a water cooler, a surge of workers admit they want to go back to the office to save money on energy and internet costs, according to a survey.
POSTED SEPTEMBER 26, 2022 1:11 PM |
Study focuses on perceived unfairness among injured workers in claims process
A study examining how injured workers interpret and react to adverse effects from work injury and claims processes found that an improved understanding of unfairness in the system and better communication from employers and claims organizations can improve outcomes.
POSTED SEPTEMBER 26, 2022 10:31 AM |
Mexico renews $248 million catastrophe insurance
Mexico renewed its 5 billion Mexican pesos ($248 million) traditional catastrophe insurance for 2023, indicating its intent to continue the use of private insurance and reinsurance capital for recovery and reconstruction after a natural disaster strikes.
POSTED SEPTEMBER 26, 2022 10:05 AM |
Willis launches new Airport Risk Index
U.K.-based insurance broker Willis Towers Watson PLC has launched a new Airport Risk Index in partnership with the University of Cambridge’s Centre for Risk Studies.
POSTED SEPTEMBER 26, 2022 10:04 AM |
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