Indian state to pay $220 million as premium to crop insurers
The Gujarat government in India will pay over 16 billion Indian rupees ($220 million) as premium to the insurers for crop insurance for 2019 and 2020.
Positive reserve development to help Axis Capital: KBW
Analysts at Keefe Bruyette & Woods Inc. said that the earnings of Bermuda-based insurer and reinsurer Axis Capital Holdings Ltd. could benefit from positive reserve development in 2021.
28% of employers have a clear EVP in 2021: Aon
An Aon PLC survey has found 28% of U.K. employers have a clear employee value proposition in 2021, up from 23% in 2020.
Four key strategies to push employees shop for health care
Providing employees with easily accessible and precise data, steady communication and virtual engagement, explaining value and offering incentives, are the four key strategies for businesses to encourage employees shop for health care.
SAP offering paid mental health day leave for employees
Software company SAP SE is offering a paid mental health day leave on April 27 to thousands of its employees across the world, after finding many of them are dealing with elevated levels of stress.
Wellstar Health to launch virtual care platform for employees
Marietta, Ga.-based Wellstar Health System has partnered with Sharecare, Inc. to launch a new virtual care platform for its employees.
University extends support to staff experiencing menopause
U.K.s London South Bank University will be training all of its managers about womens health issues and how they can support staff going through menopause.
U.K. whiskey firm offering 26-week fully paid family leave
U.K.-based whiskey business The Glenmorangie Company has revised its family leave policy, allowing new parents to take up to 26 weeks of fully paid leave.
Government to pay 100% COBRA premiums for jobless
Once signed into law, the American Rescue Plan Act of 2021 will temporarily subsidize 100% COBRA payments for workers who lost their jobs due to the COVID-19 pandemic.
Barclays to pay own $46M legal bill in Staveley court case
A judge ruled Barclays PLC will have to pay its own 33-million-pound ($46.1 million) legal bill despite winning a case against British businesswoman Amanda Staveleys PCP Capital Group over how the bank negotiated a financial lifeline during the credit crisis in 2008.
Three directors banned for cartel activity
Three men including Jocelyn Campbell are banned from being directors of U.K.-based rolled lead suppliers Associated Lead Mills Ltd. and H.J Enthoven Ltd. after the firms confessed to forming an illegal cartel and collude on rolled lead prices.
The Facebook Marketplace sale that was surely a fake
Move over, grandmoms old china cabinet, daddys coin collection and designer clothes. Theres a new kid in town on the Facebook Marketplace that wont pass muster: fake car insurance.
Commercial insurance rates increase across most lines
Average renewal rates rose for most commercial coverages in February, but the pace of the increases slowed in some major lines, according to a report Thursday from Ivans Insurance Services, a division of Tampa, Florida-based Applied Systems Inc.
State toughens stance on pot-related comp claims
North Dakota Gov. Doug Burgum on Wednesday signed into law a bill that creates a rebuttable presumption for injuries allegedly related to marijuana use.
Marsh names leader of Americas energy and power practice
Marsh LLC has named Rupert Mackenzie leader of its Americas energy and power practice, effective April 1.
US, Canada transactional risk policies up 11%: Marsh
The U.S. and Canada transactional risk insurance practice of Marsh completed 584 insurance placements on mergers and acquisitions in 2020, up 11% from 2019, according to a report from the broker Thursday.
Deep Instinct to offer Munich Re-backed ransomware warranty
Cybersecurity company Deep Instinct said Wednesday it will offer a Munich Re Group-backed ransomware warranty program of up to $3 million per company for a single breach, beginning March 31.
Court rejects insurers subrogation bid in Dartmouth dorm fire
The New Hampshire Supreme Court affirmed a lower court ruling against Factory Mutual Insurance Co. Wednesday denying its bid to subrogate $4.5 million in damages against two students who started a dorm fire at Dartmouth College.
At least 10 hacking groups using Microsoft software flaw
At least 10 different hacking groups are using recently discovered flaws in Microsoft Corp.s mail server software to break into targets around the world, cybersecurity company ESET said in a blog post on Wednesday.
E&O cyber matters jumped 100% in 2020: Aon
Aon PLC said the year 2020 witnessed a 100% year-on-year increase in error and omission cyber matters and saw three new matters per business day with the most being ransomware attacks.