News Center
Business Insurance - _Risk Management
TC Energy, ex-Columbia Pipeline execs must face lawsuit
TC Energy Corp. and two former Columbia Pipeline Group Inc. executives must defend against a lawsuit claiming the companies' $10 billion merger in 2016 shortchanged Columbia investors, a Delaware judge ruled on Monday.
POSTED MARCH 01, 2021 6:02 PM |
Mumbai power outage could have been cyber sabotage: Minister
A power failure that crippled India’s financial capital of Mumbai in western Maharashtra state last year could have been a case of cyber sabotage, a local minister said on Monday, as China denied a report that it was behind the outage.
POSTED MARCH 01, 2021 5:15 PM |
Concrete company not entitled to cover
A federal appeals court has upheld a lower court and ruled a concrete company is not entitled to coverage from its insurer in connection with its litigation with another company over the quality of its product, based on a policy exclusion.
POSTED MARCH 01, 2021 4:13 PM |
Policyholder wins in case over insurability of ‘ill-gotten gains’
Private equity investment funds have prevailed in coverage litigation involving a fashion company’s bankruptcy, with a Delaware court holding in a choice-of-law case they can seek restitution from their insurers under Delaware law in a case involving “ill-gotten gains” under their directors & officers and errors & omissions coverage.
POSTED MARCH 01, 2021 2:37 PM |
NFP snags Willis exec as Canada president
NFP Corp. said Monday it has hired former Willis Towers Watson PLC executive vice president John Haas as president of its Canadian operations.
POSTED MARCH 01, 2021 2:24 PM |
Start-up insurer recruits another Zurich cyber leader
Recently formed Bermuda-based insurer Mosaic Insurance Holdings Inc. has hired Brian Dusek from Zurich North America as head of cyber underwriting (U.S).
POSTED MARCH 01, 2021 2:07 PM |
Hub hires entertainment, sports exec from Allianz
Hub International said Monday it named former Allianz Global Corporate & Specialty SE executive David Cloward as entertainment insurance practice leader.
POSTED MARCH 01, 2021 1:38 PM |
Chinese hackers target Indian vaccine makers
A Chinese state-backed hacking group has in recent weeks targeted the IT systems of two Indian vaccine makers whose coronavirus shots are being used in the country’s immunization campaign, cyber intelligence company Cyfirma told Reuters.
POSTED MARCH 01, 2021 10:35 AM |
British insurer Aviva sets out net zero 2040 climate strategy
British insurer Aviva plans to become a net zero carbon emissions company by 2040, it said on Monday, claiming this was the most demanding target set by any major insurer worldwide.
POSTED MARCH 01, 2021 9:56 AM |
Buffett buys back Berkshire stock even as pandemic hits results
Warren Buffett's enthusiasm for the future of the United States and his company Berkshire Hathaway Inc. has not been dimmed by the coronavirus pandemic.
POSTED MARCH 01, 2021 9:19 AM |
insuranceNEWS.com.au
Clarity on second BI test case issues not expected this year
The Insurance Council of Australia’s second test case on business interruption cover may not bring clarity until well into next year given legal timelines and likely appeal processes...
POSTED MARCH 01, 2021 2:51 PM |
Hearing dates set for casino groups BI lawsuit
The Federal Court has set aside two days of hearings in April for the business interruption lawsuit that The Star Entertainment Group launched last year against Chubb and other insurers...
POSTED MARCH 01, 2021 2:50 PM |
Class action letters sent to 750,000 CBA customers
Slater and Gordon says more than 750,000 people will today receive a Federal Court notice advising they may be eligible to be part of a consumer credit insurance class action against Commonwealth Bank...
POSTED MARCH 01, 2021 2:50 PM |
Industry warned of bumpy year ahead
Australia’s property and casualty sector has been warned it faces a “bumpy” year as the industry attempts to address a raft of pressing challenges such as uncertainties stemming from two business interruption test cases...
POSTED MARCH 01, 2021 2:49 PM |
In the February/March edition of Insurance News magazine
While 2020 was a year to forget, 2021 should be the year for finding answers. That’s the theme of the latest edition of Insurance News magazine, which is due to be mailed out later this week...
POSTED MARCH 01, 2021 2:49 PM |
Property worth $277 billion faces climate risk in Victoria: CoreLogic
Almost 9% of households in Victoria are at “very high” risk of climate hazards, with another 8% exposed to high risk – equating to $277 billion of property under threat, CoreLogic says...
POSTED MARCH 01, 2021 2:48 PM |
NZ records costliest severe weather year
New Zealand has experienced its costliest year for severe weather insured losses, with claim payments hitting a record $NZ248 million...
POSTED MARCH 01, 2021 2:48 PM |
ICA to host forum to appease frustrations after Halloween hailstorm
The Insurance Council of Australia will host a community forum in Brisbane’s Springfield Lakes this week as it acknowledges frustration over repair delays following severe hail on October 31...
POSTED MARCH 01, 2021 2:40 PM |
Business Insurance
TC Energy, ex-Columbia Pipeline execs must face lawsuit
TC Energy Corp. and two former Columbia Pipeline Group Inc. executives must defend against a lawsuit claiming the companies' $10 billion merger in 2016 shortchanged Columbia investors, a Delaware judge ruled on Monday.
POSTED MARCH 01, 2021 6:02 PM |
Claim trends roiling D&O marketplace
Management liability risks are increasing due to the global pandemic and other claim trends. As some insurers struggle to address rising frequency and severity, Berkshire Hathaway Specialty Insurance explains how leading underwriting and claims organizations can step up and deliver solutions. Learn more in this Business Insurance Risk Perspective.
POSTED MARCH 01, 2021 2:20 AM |
Mumbai power outage could have been cyber sabotage: Minister
A power failure that crippled India’s financial capital of Mumbai in western Maharashtra state last year could have been a case of cyber sabotage, a local minister said on Monday, as China denied a report that it was behind the outage.
POSTED MARCH 01, 2021 5:15 PM |
Concrete company not entitled to cover
A federal appeals court has upheld a lower court and ruled a concrete company is not entitled to coverage from its insurer in connection with its litigation with another company over the quality of its product, based on a policy exclusion.
POSTED MARCH 01, 2021 4:13 PM |
Court denies insurer’s exclusion motions in bad faith comp trial
A Delaware court declined to bar evidence from a retrial of a jury decision awarding the estate of a man who died at his worksite $500,000 in damages for a bad faith delay in paying workers compensation benefits.
POSTED MARCH 01, 2021 2:40 PM |
Policyholder wins in case over insurability of ‘ill-gotten gains’
Private equity investment funds have prevailed in coverage litigation involving a fashion company’s bankruptcy, with a Delaware court holding in a choice-of-law case they can seek restitution from their insurers under Delaware law in a case involving “ill-gotten gains” under their directors & officers and errors & omissions coverage.
POSTED MARCH 01, 2021 2:37 PM |
Safety fine brought back down to Earth
The U.S. Occupational Safety and Health Administration broke a ceiling on safety citations by issuing a United States Postal Service post office a $10,423 fine over miscolored ceiling tiles, according to a ruling made by an administrative law judge for the Occupational Safety and Health Review Commission that vacated the citation.
POSTED MARCH 01, 2021 2:32 PM |
Fall protection most cited OSHA violation in fiscal 2020
Insufficient fall protection remained the most frequently cited workplace safety violation in fiscal year 2020, according to research released Monday by the National Safety Council.
POSTED MARCH 01, 2021 2:32 PM |
NFP snags Willis exec as Canada president
NFP Corp. said Monday it has hired former Willis Towers Watson PLC executive vice president John Haas as president of its Canadian operations.
POSTED MARCH 01, 2021 2:24 PM |
Start-up insurer recruits another Zurich cyber leader
Recently formed Bermuda-based insurer Mosaic Insurance Holdings Inc. has hired Brian Dusek from Zurich North America as head of cyber underwriting (U.S).
POSTED MARCH 01, 2021 2:07 PM |
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