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RISK MANAGEMENT

Malaysia police arrest 42 foreigners after riot at export factory

(Reuters) — Malaysian police have arrested 42 men after a riot by up to 1,000 mostly Nepalese workers sparked fires and destroyed parts of an electronics export factory, highlighting accusations of poor conditions.


Honda to recall 63,200 vehicles over Takata air bag defect

(Reuters) — Honda Motor Co. is recalling about 63,200 vehicles due to a defect in driver-side air bags made by Takata Corp., the latest in a series of air bag recalls across the industry that have affected nearly 16 million vehicles to date.

SPECIALTY RISKS

Philip Morris ordered to defend fraud suit over U.S. military vendors

(Reuters) — A U.S. appeals court on Tuesday revived a lawsuit against Philip Morris USA Inc. that claims the tobacco company defrauded the federal government by failing to sell cigarettes at the lowest price.


OFF BEAT: Sports car bath lands driver in hot water

A YouTube video has sunk a Texas man's attempt to defraud insurers out of $2.2 million for “accidental” water damage to his Bugatti sports car.

BENEFITS MANAGEMENT

Retrofit bulks up corporate weight-loss effort with BSwift

Chicago's Retrofit Inc., a tech-enabled weight-loss startup backed by J.B. Pritzker, Larry Levy and Jai Shekhawat, is teaming with BSwift, a Chicago-based health insurance services company.


Washington health exchange plans double; average rates rise 1.9%

Consumers in Washington state will have more choices in health plans next year and at rates lower than initially proposed, according to information made public by the state's Office of the Insurance Commissioner.

BROKERS & INSURERS

U.S. loses bid to dismiss ex-AIG CEO's $25B lawsuit over bailout

(Reuters) — A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice R. Greenberg, the former chief executive of American International Group Inc.


Business Insurance announces 2014 Best Places to Work in Insurance winners

A record 75 insurance industry companies are being recognized in this year's Business Insurance Best Places to Work in Insurance program.

MID-MARKET EXECUTIVE

Vermont residents spend less on health care, but clouds are looming

With Vermont's ambitions for universal health care by 2017, reports say privately insured patients spent less time hospitalized and used more generic drugs than the average U.S. patient, in lieu of health reform.


OFF BEAT: Adjuster who drove her way out of a job winds up with settlement

Even when a loss assessor contributes to losses for the insurer she works for it’s apparently not sufficient grounds in Ireland to fire her.

WORKERS COMP

Growing earnings, workforce pushed comp costs up 6.9% in 2012: Report

Workers compensation costs paid by employers rose 6.9% to $83.2 billion year-over-year in 2012, driven largely by an increase in worker numbers and earnings.


Company kickball-game injury qualifies for comp: S.C. Supreme Court

A South Carolina worker who was injured in a kickball game he organized for his employer should receive workers compensation benefits because he was expected by his employer to attend the game, the South Carolina Supreme Court has ruled.

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