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Insurer Aviva to sell some businesses in overhaul BROKERS & INSURERS

Business Insurance now accepting 2012 Women to Watch nominations BROKERS & INSURERS

Senate proposal would add auto escalation in Thrift Savings Plan BENEFITS MANAGEMENT

Outdated technology infrastructure challenges insurance industry BROKERS & INSURERS

Brokerage Arthur J. Gallagher appoints corporate vps BROKERS & INSURERS

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Average PPO cost per family hits all-time high: Milliman BENEFITS MANAGEMENT

Workers compensation audit reviews can reveal costly errors WORKERS COMP

Towers Watson to purchase Extend Health, operator of private health insurance exchanges BENEFITS MANAGEMENT

Death benefits awarded to widow of worker who died from hydrocodone overdose WORKERS COMP

More employers offering wellness initiatives: Study BENEFITS MANAGEMENT

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OFF BEAT: Woman sues Southwest Airlines over ‘customer of size’ policy SPECIALTY RISKS

VIDEO: RIMS cyber risk coverage

More employers offering wellness initiatives: Study BENEFITS MANAGEMENT

India insurance companies to give $50 million cover for Iran oil buy: Exec BROKERS & INSURERS

Shareholders sue JPMorgan Chase over trading loss SPECIALTY RISKS

Average PPO cost per family hits all-time high: Milliman BENEFITS MANAGEMENT

Workers compensation audit reviews can reveal costly errors WORKERS COMP

Lloyd's of London unveils long-term strategic initiative BROKERS & INSURERS

Death benefits awarded to widow of worker who died from hydrocodone overdose WORKERS COMP

This week's Top 10 features on BusinessInsurance.com RISK MANAGEMENT

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RISK MANAGEMENT

AP PHOTO

Chicago NATO Summit could mean trouble for local businesses

CHICAGO—As they prepare for the risks associated with next week's NATO Summit in Chicago, a common theme of property owners, risk management experts and others working with downtown Chicago businesses is that the necessary preparation…

Midwest sees heavier, more frequent extreme storms: Study

A new study suggests that the number of extreme rain storms—those producing three inches or more of rain per day—have more than doubled in the Midwest over the past half century, often resulting in worsened flooding.

Catastrophe bond issues break record in first quarter: Study

The first quarter of 2012 was the most active quarter on record in the catastrophe bond market, according to data compiled by New York-based GC Securities, a division of MMC Securities Corp. and an affiliate of reinsurance brokerage Guy Carpenter …

Internal audit at the crossroads

In this white paper, a group of risk management scholars and leaders suggests internal audit is at a crossroads.

SPECIALTY RISKS

BLOOMBERG

Shareholders sue JPMorgan Chase over trading loss

NEW YORK (Reuters)—JPMorgan Chase & Co. on Wednesday was the target of two separate lawsuits by shareholders accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.

BLOOMBERG

Skechers reaches $50M settlement over toning shoe advertising claims

MANHATTAN BEACH, Calif.—Skechers USA Inc. said Wednesday it has reached a $50 million settlement of all domestic legal proceedings relating to advertising claims it made in connection with its rocker-bottom toning shoe products.

OFF BEAT: Groundskeeper turns in found gun, fired for possession

Classify this one under no good deed goes unpunished: A Detroit groundskeeper who turned into police a loaded gun he found was fired by his bosses for gun possession.

Google to meet French regulator on privacy policy

PARIS (Reuters)—Google Inc. will meet with France's data protection watchdog next week to answer questions about its new user privacy policy as part of a Europe-wide investigation being led by the French regulator.

BENEFITS MANAGEMENT

Employers urge Congress to pass pension funding relief legislation

WASHINGTON—More than 200 employers and trade associations have signed a letter urging federal lawmakers to pass legislation that would allow pension plan sponsors to use higher interest rate assumption in valuing plan liabilities, cutting…

Senate proposal would add auto escalation in Thrift Savings Plan

WASHINGTON—Newly hired federal employees participating in the $313 billion Thrift Savings Plan would have automatic escalation of their contributions under legislation introduced in the Senate.

Average PPO cost per family hits all-time high: Milliman

While cost increases for families enrolled in employer-sponsored preferred provider organizations have slowed since 2010, average total costs per family still hit an all-time high, according to a report released Tuesday by Seattle-based Milliman Inc.

Regulators provide guidance on summary of benefits rules

WASHINGTON—Adding additional certainty to previous guidance, federal regulators made clear last week that they will not impose financial penalties on employers that do not fully comply with health care reform law requirements that will…

INSIGHTS & SOLUTIONS

Market Insights 2012: Captive Managers is a valuable resource for captive buyers and captive...
Opioid use and misuse by workers is a major concern for employers. An increasing number of workers...

BROKERS & INSURERS

New Business Insurance newsletter explains how insurers use technology

While the insurance industry is widely perceived as lagging compared with other financial services when it comes to adopting new technologies, that perception belies some innovative uses of leading-edge technologies throughout the insurance…

Insurer Aviva to sell some businesses in overhaul

LONDON (Reuters)—British insurer Aviva P.L.C. will sell undeperforming businesses in a strategic overhaul after irate investors forced out its chief executive last week, the company said Thursday.

Business Insurance now accepting 2012 Women to Watch nominations

Business Insurance is now accepting nominations for its annual spotlight of women doing outstanding work in commercial insurance, reinsurance, risk management, employee benefits and related fields. Get all the details.

Outdated technology infrastructure challenges insurance industry

ORLANDO, Fla.—The insurance industry and the government face similar challenges resulting from outdated technology infrastructures, said Vivek Kundra, former chief information officer of the United States, on Wednesday at the ACORD LOMA…

MID-MARKET EXECUTIVE

Midwest sees heavier, more frequent extreme storms: Study

A new study suggests that the number of extreme rain storms—those producing three inches or more of rain per day—have more than doubled in the Midwest over the past half century, often resulting in worsened flooding.

Managing workplace violence requires crisis communication

The degree to which a mid-market company effectively manages internal and external communications may greatly affect its ability to recover physically and financially from a violent incident in the workplace, several security and risk management…

Workplace violence mitigated by emergency communications plan

With a well-organized, comprehensive emergency communications plan, mid-market companies can significantly reduce the risk of long-term physical, emotional and financial fallout resulting from a violent incident in the workplace, security and…

Unifirst could be fined $186,000 for 'willful,' 'serious' safety violations at plant

WEST CALDWELL, N.J.—A Massachusetts-based uniform and laundry services company could be forced to pay $186,000 for a number of “serious” and “willful” safety and health violations at one of its facilities, according…

WORKERS COMP

Workers compensation audit reviews can reveal costly errors

With workers compensation rates firming, some employers are pressing for reviews of their workers comp audits with an eye to lowering their premiums.

Missouri lawmakers pass bill that would prevent injured workers from suing colleagues

JEFFERSON CITY, Mo.—Missouri legislators have passed a workers compensation bill that aims to prevent injured workers from suing their co-workers over workplace accidents.

Cardinal Health reaches agreement with DEA over alleged controlled substance distribution

LAKELAND, Fla.—Cardinal Health Inc. reached an agreement with the U.S. Drug Enforcement Agency over allegations that its Lakeland, Fla., distribution center failed to ensure that controlled substances were not diverted for illegitimate uses.

Mississippi governor signs workers compensation reform bill

JACKSON, Miss.—Mississippi Gov. Phil Bryant signed into law Monday a workers compensation reform bill that will require claimants to meet a higher burden of proof that their injuries were work-related.

 

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