Business Insurance

Login  |  Register Subscribe


RISK MANAGEMENT

Home Depot expects data breach to cost at least $34M in 2014

The Home Depot Inc. has reported pretax net expenses of $28 million related to its recent data breach and said it anticipates the total cost will be about at least $34 million for the year.


Construction labor shortage raises safety concerns

NASHVILLE, Tennessee — As a global trend toward urbanization and large infrastructure projects looks to spike demand for services in the coming decades, the construction industry is at a crossroads.

SPECIALTY RISKS

Boston Scientific to pay $18.5M in mesh case

(Reuters) — Boston Scientific Corp. was ordered Thursday to pay $18.5 million for injuries caused by transvaginal mesh devices, a plaintiffs' lawyer said, in the third courtroom loss for the company.


Cyber breaches could prompt cooperation in Congress

With Republicans gaining control of the U.S. Senate in January, long-stalled cyber security legislation finally stands a strong chance of gaining approval by Congress and being signed into law.

BENEFITS MANAGEMENT

Employers to stick with health plan designs in 2015, add wellness incentives

Very few employers are planning to make drastic changes to their group health benefit plans in 2015, opting instead to add incentives to workplace wellness programs, according to new survey data.


PBGC to finalize rollover rule

Participants in defined contribution plans can combine those assets with their defined benefit plans without exceeding federal guarantee limits set by the Pension Benefit Guaranty Corp. under a rule to be finalized Tuesday.

BROKERS & INSURERS

Insurers see rates falling up to 15% as competition bites

(Reuters) — Competition in the global insurance market is driving commercial rates down by as much as 15%, according to senior industry participants as some look to new revenue boosting products.


RenRe acquisition of Platinum may signal trend in soft reinsurance market

While RenaissanceRe Holdings Ltd.'s $1.9 billion purchase of fellow Bermuda reinsurer Platinum Underwriters Holdings Ltd. will bear specific fruit for the buyer, the deal is being driven at least in part by overall soft market conditions coupled…

MID-MARKET EXECUTIVE

Hilb Group acquires North Carolina employee benefits broker

The Hilb Group L.L.C. has acquired middle market employee benefits broker Lake Norman Benefits Inc.


Liberty Mutual expands cyber coverage for commercial buyers

Liberty Mutual Insurance Co. on Monday said it is offering cyber coverage to users of its commercial package products and monoline general liability policies for small and midsize businesses.

WORKERS COMP

Obese workers' absenteeism costs U.S. employers $8.65B a year

Absenteeism among obese workers in the United States costs employers about $8.65 billion each year, according to a study published in the latest issue of the Journal of Occupational and Environmental Medicine.


Worker can't sue employer's insurer over amputated hand under Texas' opt-out law

A man who was injured while working for a Texas employer who opted out of the state workers compensation system can't sue the company's liability insurer after his hand was amputated in a work accident until his employer's liability toward him…

SPONSOR INSIGHTS

Captive owners are increasingly considering how to diversify their captive programs’ risk...
Zurich leaders, Steve Bauman and Jason Jobe give insight on opportunities for insuring benefits in...
This ACE Group white paper explores the necessity to hold Product Recall Insurance and provides...
 

INSIGHTS & SOLUTIONS

Excess and surplus lines directory and editorial review. Lists 31 companies that write insurance on ...
This editorial directory and review lists the surplus gross written premiums written in each of the ...
Three directThree directories in one, 41 pages of editorial content, rankings and listings. This...
Insurance wholesaler directory and editorial review. The directory includes the listings of 35...
 
 

BUSINESS INSURANCE FEATURE

In this special annual broker supplement, Business Insurance examine what the most...