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RISK MANAGEMENT

China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan

(Reuters) — The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc. and others, as well as McDonald's products as far away as Japan.


McDonald's feels 'bit deceived' by audit results from China plant

(Reuters) — McDonald’s Corp. Chief Executive Don Thompson said the company feels “a bit deceived” by the audit it received for China supplier Shanghai Husi Food Co Ltd., which was shut down after a television report showed …

SPECIALTY RISKS

Google must face class action over kids' in-apps purchases

(Reuters) — Google Inc. must face a class action lawsuit filed by a woman whose son had bought online video game items without her consent, a federal judge ruled late on Monday.


European Central Bank reports data breach of public website

The European Central Bank on Thursday reported a breach of its public website, saying it learned about the event after getting an anonymous email seeking financial compensation for the stolen data.

BENEFITS MANAGEMENT

D.C. appeals court strikes down ACA insurance subsidies for federal exchanges

A federal appeals court has ruled the Obama administration cannot subsidize insurance premiums for nearly 7 million Americans, dealing a serious blow to the Patient Protection and Affordable Care Act.


Colorado insurance exchange CEO jumps to Cigna

Patty Fontneau, CEO of Connect for Health Colorado, will leave her position at the state’s health insurance exchange in mid-August to become president of Cigna Corp.’s private exchange business.

BROKERS & INSURERS

Travelers' profit misses estimates as catastrophe losses rise

(Reuters) — Property/casualty insurer Travelers Cos. Inc.'s quarterly earnings fell short of analysts' estimates as hail- and windstorms in the United States increased catastrophe losses.


Aon second-quarter revenue flat at $2.92 billion

Aon P.L.C. on Friday reported revenue of $2.92 billion for the second quarter of 2014, an increase of less than 1% over the same period a year earlier.

MID-MARKET EXECUTIVE

Travelers ordered to pay over $500M in asbestos case

(Reuters) — A federal appeals court on Tuesday said Travelers Cos. should pay more than $500 million to satisfy asbestos-related claims stemming from its coverage of policyholder Johns-Manville Corp.


OSHA cites Omaha feed company for fatal plant collapse

OSHA has cited an Omaha, Nebraska-based livestock feed manufacturer for multiple federal safety and health violations following a deadly partial collapse at its processing plant in January.

WORKERS COMP

Florida packing plant's workers accused of workers comp fraud

The vast majority of workers at a Naples, Florida, produce packing plant are accused in a scheme to commit workers compensation fraud, the Florida Department of Financial Services said Tuesday.


Ohio workers comp bureau agrees to pay as much as $420M in settlement

The Ohio Bureau of Workers’ Compensation has settled its long-standing legal dispute with a group of small business owners.

SPONSOR INSIGHTS

Companies stand to lose dollars and reputational capital when data integration is mishandled....

BUSINESS INSURANCE FEATURE

In this special annual broker supplement to Business Insurance titled, "Winning Ways: The...
 

INSIGHTS & SOLUTIONS

The Premium Edition of the 2014 Directory of Agents and Brokers provides detailed information about ...
Editorial directory including the special report of claims management trends published in the March ...
This double directory (premium edition) includes detailed information on 70 domiciles worldwide...
The directory includes the listings of 24 companies that provide loss-control services on a direct, ...