retailers News

Insurers Pull Back on Trade Credit Coverage for Sears Suppliers

Insurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining sales at the department-store chain. Insurers such as Coface SA and …

California Top Court to Decide on Retailer Defibrillator Issue

Are large California retailers required to have a device on hand to treat customers who fall victim to sudden cardiac arrest? The California Supreme Court is taking up that question during oral arguments. At issue is a Southern California family’s …

California Lawsuit Claims Lead In Ginger, Plum Candies

California has filed a lawsuit against Whole Foods, Trader Joe’s and other food retailers, manufacturers and distributors, alleging the companies are selling lead-tainted ginger and plum candies without warning labels, as required by state law. Attorney General Kamala Harris’ office …

CFC Launches Liability Cover for Online Retailers

Specialist lines underwriting agency CFC has launched a new fully combined modular policy designed exclusively for online retailers. The new product, WEB, covers the cyber exposures of online retailers, as well as the more traditional commercial general liability insurance. WEB …

Philadelphia Launches Coverage for Fuel Dealers

Philadelphia Insurance Cos. (PHLY), a property/casualty and professional liability insurance company for niche markets, is now offering insurance coverage specifically designed to protect fuel dealers. Several types of businesses are eligible for coverage under PHLY’s product, which is specifically designed …

Santa Fe Sues Aeropostale For Not Paying Living Wage

The city of Santa Fe is suing retailer Aeropostale, accusing the teen-centric store of not complying with a city ordinance that requires employers to pay a minimum wage. Santa Fe’s “living wage” ordinance requires all employers to pay a highest-in-the-nation …

Attorney Says Man Innocent in Wal-Mart Incident, May Sue

The attorney for an Arizona man forcibly taken down by Buckeye police at a Wal-Mart says he plans to clear his client of the criminal allegations stemming from an alleged shoplifting incident, and he’s contemplating filing a lawsuit. Todd Nolan …

Black Friday, Cyber Monday Bring Out the Risk Grinch

The rush is the risk on Black Friday and Cyber Monday in the eyes of a retail insurance and risk expert who previously worked in retail for 22 years. Kelly Brown of Zurich North America doesn’t go so far as …

Preferred Concepts Launches Auto Industry Division

Preferred Concepts, LLC, a national insurance program administrator, has established an automotive industry underwriting unit, SeaFire Insurance Services a division that initially will specialize in franchise auto dealers, independent auto dealers, mechanical repair and collision repair facilities. SeaFire will provide …

Kiln, Lockton Team Up to Offer Cyber Coverage to UK Retailers

Lloyd’s insurer Kiln and international broker Lockton have teamed up to offer cyber insurance to small- and medium-sized online retailers. “The security and privacy cover is being made available to members of the e-retailers association Interactive Media in Retail Group …