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RISK MANAGEMENT

GM seeks U.S. court protection against ignition lawsuits

(Reuters) — General Motors Co. filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the…


Damages phase of BP Gulf spill trial set for January

(Reuters) — The high-stakes penalty phase of BP P.L.C.'s trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday, and billions of dollars could be on the line.

SPECIALTY RISKS

SEC's information technology at risk of hacking: Report

(Reuters) — The SEC has failed to protect its data network against possible breaches, to encrypt highly sensitive information, or to use strong enough passwords.


Retail companies report greater concern over cyber risks: Willis

Companies in the retail sector report their cyber exposures at higher levels than their Fortune 1000 counterparts, according to a study of public documents published Wednesday by Willis Group Holdings P.L.C.

BENEFITS MANAGEMENT

California sees health exchange surge as open enrollment ends for 2014

(Reuters) — Thanks to a final April surge, California's health care exchange marketplace enrolled a total of 1.4 million people in private health insurance plans, state officials announced Thursday.


IRS bumps up health savings account contribution max for 2015

The maximum contributions that can be made to health savings accounts will increase $50 for individuals and $100 for families in 2015.

BROKERS & INSURERS

Cyber risks lurk far beyond organizations' own walls: Report

WASHINGTON — Current cyber risk management does not give much consideration to “digital distant perfection” — the aggregation of cyber risks that can lie far beyond an organization's own four walls.


Aspen Insurance profit rises 31% in 2014 first quarter

Aspen Insurance Holdings Ltd. on Wednesday reported net income of $120.4 million for the first quarter of 2014, an increase of 31.2% over the prior-year period.

MID-MARKET EXECUTIVE

Lululemon yoga pants lawsuits in U.S. win final dismissals

(Reuters) — A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc. and various company officials of defrauding shareholders by concealing defects in yoga pants.


LifeLock hits back at fired security chief who alleged wrongdoing

LifeLock Inc. has formally denied allegations that it fired its chief information security officer for uncovering serious deficiencies in its data protection services, according to court documents filed this week.

WORKERS COMP

Louisiana workers comp costs higher than in most states: Study

Medical payments for injured workers in Louisiana were higher and growing faster than in most states, with payments per claim increasing more than 7% per year from 2006 to 2011, according to a new study.


Lockton launches workers comp claims analytics program

Lockton Cos. L.L.C. has launched the Lockton Work Comp Claims Outcome Analytics program to help companies manage workers compensation claim costs, the insurance brokerage said Wednesday.

SPONSOR INSIGHTS

Consumers show a growing appetite for expanding their use of online services and mobile devices but ...

BUSINESS INSURANCE FEATURE

Learn how employers can design and implement a wellness program that achieves strong engagement...
A growing number of companies are moving to cloud computing to take advantage of the economies of...
In this special annual broker supplement to Business Insurance titled, "Winning Ways: The...
 

INSIGHTS & SOLUTIONS

The 2013 directory of U.S. colleges and universities offering formal risk management and/or...
Public entities are going to be increasingly exposed to weather-related hazards, because climate...