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RISK MANAGEMENT

Total cost of risk for companies rises in 2013: RIMS survey

The average total cost of risk for companies rose for third straight year in 2013, analysis released Monday by the Risk & Insurance Management Society Inc. and Advisen Ltd. finds.


Bermuda registers 36 new insurers in first half of 2014

The Bermuda Monetary Authority registered 36 new insurers during the first six months of 2014, up from 34 during the same period last year.

SPECIALTY RISKS

Product liability case against Smith & Wesson reinstated on appeal

A federal court should have admitted a plaintiff expert’s testimony, even though it contradicted the plaintiff’s own testimony regarding the circumstances of his accident, says a federal appeals court.


House passes bills to strengthen U.S. cyber security efforts

The House of Representatives has approved three bipartisan bills intended to strengthen efforts to combat cyber attacks on the critical infrastructure.

BENEFITS MANAGEMENT

Aetna says Coventry purchase boosted second-quarter profit

(Reuters) — Aetna Inc., the third-largest U.S. health insurer, reported a higher second-quarter profit that beat analyst expectations, helped by last year's acquisition of Medicare and Medicaid provider Coventry Health Care.


ACA creation didn't violate constitutional rules on new taxes: Appeals court

A federal appeals court Tuesday upheld a lower court ruling that Congress did not violate a U.S. constitutional requirement that tax-related legislation must originate in the House of Representatives when it passed the Patient Protection and…

BROKERS & INSURERS

Australia's QBE warns H1 results could disappoint

(Reuters) — QBE Insurance Group, Australia's biggest insurer by premium income, on Tuesday warned that its first-half results would likely fall short of analysts' forecasts, hit by higher-than-expected claims.


Endurance terminates takeover bid for Aspen Insurance

Endurance Specialty Holdings Ltd. on Wednesday said it has terminated its offer to acquire Aspen Insurance Holdings Ltd. and will not be pursuing its board size increase and scheme of arrangement proposals.

MID-MARKET EXECUTIVE

EEOC sues employer for demanding health care details for worker absences

The EEOC has filed suit against a construction equipment supplier, charging that it violated the Americans with Disabilities Act by improperly demanding disability-related information from its workers.


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

Same-sex partner of murdered woman due comp death benefits: Alaska high court

The same-sex partner of a woman who was murdered while working in an Anchorage, Alaska, hotel is eligible for workers compensation death benefits, the Alaska Supreme Court has ruled.


Ship worker injured at sea due remuneration despite pre-existing condition: Court

The owner of a commercial fishing vessel must pay for lodging, food and medical expenses for a ship crew member who suffers from long-term anemia after a 2008 accident on the boat, even though his condition may have been related to his prior…

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, ...