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RISK MANAGEMENT

Restaurant chain Jimmy John's reports data breach at 216 stores

(Reuters) — Sandwich restaurant chain Jimmy John's said there was a potential security breach involving customers' credit and debit card data at 216 of its stores and franchised locations this summer.


OFF BEAT: State Farm not immune to criticism over celebrity pitchman

Bagging a celebrity for an advertising campaign carries with it potential reward but also the risk of reputational damage, as U.S. insurer State Farm Mutual Automobile Insurance Co. recently learned.

SPECIALTY RISKS

Your medical record is worth more to hackers than your credit card

(Reuters) — Your medical information is worth 10 times more than your credit card number on the black market.


Cyber security incident reports have nearly doubled over past year: Survey

The number of cyber security incidents has increased 48% this year, to 42.8 million, or the equivalent of 177,339 incoming attackers per day, says PricewaterhouseCoopers L.L.P. in a survey released Tuesday.

BENEFITS MANAGEMENT

Motorola Solutions enters into third-largest U.S. pension buyout on record

Motorola Solutions Inc. entered into a pension buyout agreement with Prudential Insurance Co. of America and will offer lump-sum payouts to terminated vested employees to reduce $4.2 billion in pension obligations.


Mercer appoints chief operating, finance officers

Benefits broker and consultant Mercer L.L.C. has appointed Ken Haderer as its chief operating officer and Helen Shan as chief financial officer, the New York-based company announced on Tuesday.

BROKERS & INSURERS

Ex-AIG CEO Benmosche downplays Buffett challenge: Bloomberg TV

(Reuters) — Warren Buffett's Berkshire Hathaway Inc. isn't American International Group Inc.'s biggest competitor, and AIG handles all its rivals in a very effective way, former AIG Chief Executive Robert Benmosche told Bloomberg TV.


Andy Weitz joins Aon as marketing executive

Andy Weitz will assume the new position of senior vice president of global marketing and communications of Aon P.L.C. effective Wednesday, Aon announced Tuesday.

MID-MARKET EXECUTIVE

Mid-market companies plan to increase data security spending: Survey

Recent data breaches involving high-profile companies such as Target Corp. and Home Depot Inc. are having an effect on how much middle-market companies spend on data security.


Mid-market consultant Benefits Resource joins Digital Benefits Advisors

Atlanta-based Digital Benefits Advisors on Wednesday said it has added Benefits Resource L.L.C., an Aliso Viejo, California-based consultant, to its nationwide network of employee benefits-only service providers.

WORKERS COMP

Illinois workers comp medical fee rates to increase 1.7% in 2015

Illinois workers compensation medical fee schedule rates are set to increase 1.7% next year, the Illinois Workers Compensation Commission said.


Oklahoma comp commission seeks more funding for current, next fiscal years

The Oklahoma Workers’ Compensation Commission has approved requests for additional funding in the current fiscal year and a budget of nearly $7 million for fiscal year 2016, the commission confirmed Tuesday.

SPONSOR INSIGHTS

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BUSINESS INSURANCE FEATURE

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INSIGHTS & SOLUTIONS

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