Insurance

During the height of the pandemic, New York workers’ compensation indemnity payments increased while medical payments decreased. That’s according to a new report from the Workers Compensation Research Institute (WCRI) that found that indemnity benefits per claim grew 10% for …

This edition of International People Moves details appointments at SCOR UK, CFC Underwriting, and Allianz Trade. A summary of these new hires follows here. SCOR Taps AXA XL’s Guest as Head of Crisis Management SCOR announced the appointment of David …

Amazon.com Inc. faces a UK class-action lawsuit over claims the tech giant uses a “secretive” algorithm to abuse its dominant position in the online marketplace. Amazon has made millions of customers pay more by hiding better deals on platforms to …

Volkswagen AG was sued by institutional investors in Germany concerned that despite making public commitments to fighting climate change, the carmaker may be privately lobbying against its environmental ambitions. A group of Swedish public pension funds, Danish AkademikerPension and the …

Insurance for humanitarian workers, journalists, engineers and others heading to Ukraine is now more expensive and harder to organize than during the Iraq war. While initially nervous about providing cover in the immediate aftermath of Russia’s February invasion of Ukraine, …

Taiwan’s insurance industry has buffered itself against surging COVID claims after raising capital, the head of the island’s market regulator said. The property insurance companies have no problems fulfilling their obligations in paying claims so far, Huang Tien-mu, the chairperson …

Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a U.S. official told Reuters, underscoring the limits of the most ambitious plan yet to curb Moscow’s …

Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion – of which $99 billion was covered by public and private insurers, which means that insured losses will top $100 billion …

Cyber remains a top concern, but business leaders may be overconfident about their resilience against the threat, according to new research from Beazley. Cyber was chosen as the No. 1 technology risk for 28% of UK and U.S. respondents in …

Hotaling Insurance Services, a family-owned brokerage and risk management team, has merged with Akumen Insurance Advisors of south Florida. The deal becomes effective Jan. 1. Terms were not disclosed. Akumen has offices in Miami, Fort Lauderdale and Doral. Akumen CEO …