News Center
Business Insurance - _Risk Management
Regulator raises Dakota Access Pipeline safety concerns
The U.S. Department of Transportation's pipeline regulator on Thursday put the operator of the Dakota Access Pipeline, Energy Transfer LP, on notice for probable violations of safety regulations and proposed a civil penalty against it.
POSTED JULY 23, 2021 10:47 AM |
Hospital association supports mandatory vaccinations
The American Hospital Association’s board of trustees this week approved a policy statement endorsing mandatory COVID-19 vaccinations for health care workers
POSTED JULY 23, 2021 10:18 AM |
The BI Top 10: Week of July 19, 2021
American International Group Inc.’s setting of a global return-to-office date has attracted a wide readership this week. Also of note: An increase in the number of health care employers mandating COVID-19 vaccinations for their workers.
POSTED JULY 23, 2021 10:00 AM |
Alliant adds former Willis public entity executive
Alliant Insurance Services Inc. on Friday named former Willis Towers Watson PLC public entity leader Mark Goode as senior executive vice president and managing director.
POSTED JULY 23, 2021 9:51 AM |
Beazley shares soar as insurer swings to a profit
Shares in Lloyd’s of London insurer Beazley PLC leaped to a 10-month high on Friday after it swung to first-half profit and said it was investing heavily in its cyber insurance business to meet rising demand in the face of ransomware attacks.
POSTED JULY 23, 2021 9:48 AM |
Berkley’s Q2 profits surge
W.R. Berkley Corp. on Thursday reported a 232.9% increase in net income, to $237.2 million, in the second quarter.
POSTED JULY 22, 2021 6:09 PM |
Penn. employers obligated to pay for workers’ screening time
Pennsylvania employers are obligated under state law to pay workers for the time they take to go through mandatory screening, even if this takes a minimal amount of time, despite a contrary U.S. Supreme Court ruling, the Pennsylvania Supreme Court held Wednesday, in a divided ruling.
POSTED JULY 22, 2021 5:18 PM |
Chubb CEO calls for public-private pandemic risk partnership
Evan G. Greenberg, chairman and CEO of Chubb Ltd., on Thursday renewed calls on Capitol Hill for a public-private partnership for pandemic risk, saying such a program would lessen the financial blow of a future pandemic.
POSTED JULY 22, 2021 2:51 PM |
Websites back up after brief global outage linked to Akamai
Many websites were briefly down in an outage sparked by a glitch in Akamai Technologies Inc.'s systems, the second major disruption linked to the cloud company in about a month.
POSTED JULY 22, 2021 2:23 PM |
Champagne (samples) for everybody!
Costco Wholesale and the Tiffany & Co. have settled their eight-year trademark infringement dispute over alleged counterfeit sales of generic diamond engagement rings bearing the “Tiffany” name, which more than 3,000 club members had thrown in their jumbo carts next to the 18 pack of paper towels.
POSTED JULY 22, 2021 2:00 PM |
insuranceNEWS.com.au
'Above-trend' growth projected for Australia P&C lines
Property and casualty premium in Australia is projected to increase 4.7% in real terms this year, as the market bounces back strongly from the 1.4% growth it recorded last year, Swiss Re says...
POSTED JULY 19, 2021 1:45 PM |
UK points to hurdles for BI test case: law firm
Business interruption court decisions in the UK and South Africa related to the COVID-19 pandemic point to uphill battles for Australian insurers in their second test case, legal firm HFW has highlighted...
POSTED JULY 19, 2021 1:41 PM |
Australia must adopt 'stringent' emission targets: Zurich
Australia’s leaders need to adopt stringent carbon dioxide emission reduction targets as part of its long-term adaptation to longer and more severe bushfire seasons, Zurich says...
POSTED JULY 19, 2021 1:40 PM |
NZ South Island hit by flooding, recovery to take time
The Insurance Council of New Zealand says the recovery process after severe South Island flooding on the weekend may take some time, as assessors wait for affected areas to become accessible...
POSTED JULY 19, 2021 1:37 PM |
WA Arson Squad charges man over Perth bushfires
WA Arson Squad detectives have charged a 40-year-old man in relation to bushfires near Perth earlier this year that were declared an insurance catastrophe...
POSTED JULY 19, 2021 1:36 PM |
Business Insurance
Regulator raises Dakota Access Pipeline safety concerns
The U.S. Department of Transportation's pipeline regulator on Thursday put the operator of the Dakota Access Pipeline, Energy Transfer LP, on notice for probable violations of safety regulations and proposed a civil penalty against it.
POSTED JULY 23, 2021 10:47 AM |
Severe floods hurt Apple, Nissan supply chains
The devastating floods and rainfall in Zhengzhou in China’s Henan Province have affected supply chains of several major multinational companies, including Apple Inc., FedEx Corp. and Nissan Motor Co. Ltd.
POSTED JULY 23, 2021 10:33 AM |
LG estimates tens of millions of dollars damage from riots
South Korean firm LG Electronics Inc. expects tens of millions of dollars’ worth of damage from the recent looting and arson at its Durban, South Africa-based factory and warehouses.
POSTED JULY 23, 2021 10:32 AM |
Mapfre sees over 6% growth in written premiums
Spain-based insurer Mapfre SA’s total written premiums increased by more than 6% year-on-year in the first half of the year, with its reinsurance business recording more than 11% growth in premiums.
POSTED JULY 23, 2021 10:31 AM |
Recent floods cause nearly $12 billion damage in Belgium
The government of Belgian region Wallonia said that the recent floods caused an estimated €10 billion ($11.8 billion) in damage to the country.
POSTED JULY 23, 2021 10:30 AM |
COVID-19 lockdowns threaten supply chains of Nike, Ikea
Lockdowns in Vietnam due to a surge in COVID-19 infections threaten to disrupt supply chains of multinational firms such as Nike and Ikea, as their suppliers are forced to either host employees on site or suspend production.
POSTED JULY 23, 2021 10:29 AM |
Higher COVID-19 claims drag ICICI Lombard’s profits
India-based nonlife insurer ICICI Lombard General Insurance Co. Ltd.’s net profit plunged 62% year-on-year to 1.5 billion Indian rupees ($20.3 million) in the fiscal first quarter ending June 30, due to underwriting losses resulting from higher COVID-19-related claims.
POSTED JULY 23, 2021 10:28 AM |
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