Insurance

The North Carolina Supreme Court in 2024 famously bucked the trend on COVID-19 business-interruption coverage, finding that an insurer owed coverage to a restaurant that was forced to close during the pandemic. But that ruling is not enough to overturn …

IMA Financial Group has expanded its Global Risk & Benefits leadership team with the appointment of two national practice leaders, strengthening the firm’s ability to support multinational organizations seeking coordinated strategies to address risk, employee benefits and compliance across international …

In an industrial park on the outskirts of Beijing, a humanoid arm picks up a bag of Lay’s potato chips and places it neatly along a row of snacks on a shelf. Nearby, a worker films himself grabbing cushions off …

The Shifting Landscape of Digital Risk: For years, many businesses have operated under the assumption that their general liability (GL) policy might offer a safety net for the physical consequences of a cyber event. However, since 2014 the ground beneath …

Iran and the United States exchanged intensified fire on Thursday in a week-long escalation that has all but torn up last month’s truce, though Iran’s release of a U.S. citizen pointed towards a path to avert the resumption of all-out …

A Legionnaires’ disease outbreak in a New York City neighborhood now counts 60 cases, but new diagnoses are slowing, health officials said Tuesday. They reported progress on inspections for the disease-causing bacteria — finding traces in dozens of buildings including …

Palm Beach County commissioners rejected a proposal late Wednesday to build a digital infrastructure hub to house AI data centers and warehouses, voting in line with the ardent opposition from local residents. The facility, known as Project Tango, would have …

A man running from an encounter with immigration and other federal agents in Florida was struck and killed by a tractor trailer on Tuesday, authorities said. It was the third death in a week involving encounters with U.S. Immigration and …

This edition of International People Moves details appointments at the insurers HSB (UK & Ireland) and Antares. A summary of these new hires follows here. HSB (UK & Ireland) Names Former Munich Re Exec Götz as Dir. of Strategy, Value …

AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (ICR) of “a” (Excellent) for Massachusetts-based Safety Insurance Co., Safety Indemnity Insurance Co., Safety Property …