The chairman of Berkshire Hathaway said that while his insurance units aren’t heavily exposed to underwriting losses from the COVID-19 pandemic, they would be willing to insure pandemics in the future. “The answer is we insure a lot of things. …
Suppose you’re working in an essential industry and your employer hasn’t provided you with adequate personal protective equipment. Maybe you say to yourself, “Okay, there’s a shortage, they’re trying.” Then you discover that just a couple of years ago, your …
A U.S. federal judge has dismissed a worker advocacy group’s lawsuit accusing Smithfield Foods Inc., the world’s largest pork processor, of failing to adequately protect employees from the novel coronavirus at a plant in Missouri. Smithfield is already taking many …
California Gov. Gavin Newsom today announced that workers who contract COVID-19 while on the job may be eligible to receive workers’ compensation. The governor signed an executive order that creates a time-limited rebuttable presumption for accessing workers’ comp benefits applicable …
Calabasas, Calif.-based Topa Insurance Group has named Michael Day president and CEO on a permanent basis. Day has been leading Topa Insurance Group on an interim basis since stepping in for the departing John Donahue, who left in early January …
Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement of new ordinary shares. The company announced the equity placing on May 5, which was successfully completed on May 6. …
The arrival and spread of COVID-19 has had significant and far-reaching social and economic impacts upon individuals and businesses throughout the United States. In an effort to curtail the spread of the virus, local and state authorities across the country …
After overseeing the state’s energy sector through one of Texas’ largest oil booms in recent years, the Texas Railroad Commission has suddenly found itself in the middle of two global crises that have delivered devastating reversals of fortune to the …
At least 116 employees at an Oklahoma pork processing plant have tested positive for coronavirus, Seaboard Foods spokesman David Eahart said in a statement on May 4. Meanwhile, a surge of coronavirus cases in the Texas Panhandle, a crucial region …
Traverse City, Michigan-based insurance brokerage, High Street Insurance Partners (HSIP), has added Scott Goodreau as managing partner and chief operating officer. Goodreau, who joined the company in April, brings nearly two decades of insurance executive leadership experience to HSIP. Most …
