News – Insurance Journal
|Beazley Launches Booking System for Virtual Broker Meetings for New Business Reality
Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs. Built in collaboration with Microsoft and IT consultancy Redspire, Beazley Booking uses …
POSTED JULY 07, 2020 11:28 AM
|Insured Losses for 2019/2020 Australia Bushfires Estimated at A$1.9B (US$1.3B): PERILS
The insurance industry’s loss footprint for the Australian bushfires of 2019/2020 is estimated at A$1.9 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data. The industry loss data cover the peak period for the …
POSTED JULY 07, 2020 10:41 AM
|Argo’s CFO to Depart as Insurer Updates Executive Leadership Team
Argo Group International Holdings Ltd., the Bermuda-based specialty re/insurer, announced an update to senior leadership team responsibilities and the launch of an outside search for a chief financial officer to succeed Jay S. Bullock, who is leaving the company. “Earlier …
POSTED JULY 07, 2020 9:20 AM
|New Business Interruption Insurance Class Action Launched in Canada
Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class proceeding alleging that Canadian insurance companies have breached their contracts with business owners by refusing to pay for business interruptions caused by the coronavirus pandemic. The …
POSTED JULY 07, 2020 8:46 AM
|Arctic Temperatures Soar to Record Levels in June, Stoking Wildfires: EU Data
GENEVA/MOSCOW – Temperatures in Arctic Siberia soared to a record average for June amid a heat wave that is stoking some of the worst wildfires the region has ever known, European Union (EU) data showed on Tuesday. Global temperatures last …
POSTED JULY 07, 2020 8:29 AM
|State Judge Rejects Michigan Restaurants’ COVID-19 Business Interruption Claim
A trial court judge in Lansing, Michigan handed a victory to insurers in what may be the nation’s first final ruling on the question of whether a property insurer is liable for financial damages caused by a coronavirus closure order. …
POSTED JULY 07, 2020 8:00 AM
|Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary
BERLIN/FRANKFURT – German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of suspects in a multi-billion-dollar fraud investigation into the collapse of the payments company. The Munich prosecutor’s office said …
POSTED JULY 07, 2020 7:49 AM
|India Investigators Recommends Moving S. Korea-Owned Plant After Gas Leak
CHENNAI/SEOUL – An investigation into a deadly gas leak at a South Korean-owned chemical plant in southern India that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its full report released on …
POSTED JULY 07, 2020 7:25 AM
|Russian Regulator Seeks $2B in Damages from Nornickel for Arctic Fuel Spill
Russia’s environmental watchdog has asked a power subsidiary of Russian mining giant Norilsk Nickel (Nornickel) to pay almost 148 billion roubles ($2 billion) in damages over an Arctic fuel spill in Siberia. Rosprirodnadzor said in a statement on Monday that …
POSTED JULY 07, 2020 7:02 AM
|COVID-19 Business Immunity Proposal Flounders in Tennessee
Just a few weeks ago, Tennessee looked like a sure bet to become the latest state to protect businesses and other organizations from lawsuits by people impacted by the coronavirus in the push to reopen the economy. Republican Gov. Bill …
POSTED JULY 07, 2020 6:55 AM
Business and financial news - CNNMoney.com
|7 things to know before the bell
Read full story for latest details.
POSTED OCTOBER 04, 2018 5:10 AM
|SoftBank and Toyota want driverless cars to change the world
Softbank and Toyota are partnering on an effort to use autonomous vehicles and other technologies to change the world of transportation.
POSTED OCTOBER 04, 2018 5:27 AM
|Aston Martin falls 5% in its London IPO
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.
POSTED OCTOBER 03, 2018 11:54 PM
|Barnes & Noble stock soars 20% as it explores a sale
Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.
POSTED OCTOBER 03, 2018 7:59 PM
|Why it's time for investors to go on the defense
Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly.
POSTED OCTOBER 03, 2018 11:28 PM
|The Toys 'R' Us brand may be brought back to life
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands.
POSTED OCTOBER 03, 2018 11:54 PM
|The internet industry is suing California over its net neutrality law
Broadband trade groups and the DOJ have filed lawsuits over California's days-old law protecting net neutrality.
POSTED OCTOBER 03, 2018 5:46 PM
|Priyanka Chopra is helping Bumble expand in India
It's the latest online dating app to compete for the hearts of women in India.
POSTED OCTOBER 03, 2018 1:40 PM
|Microsoft unveils new Surface devices
Microsoft announced a new version of its desktop computer Surface Studio, and its first pair of smart headphones. It also announced the Surface Pro 6 and Surface Laptop 2.
POSTED OCTOBER 02, 2018 11:46 PM
|Getting health insurance through work now costs nearly $20,000
Family health insurance now costs employers and workers nearly $20,000 a year, on average, according to a new report.
POSTED OCTOBER 03, 2018 10:02 AM