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RISK MANAGEMENT

U.S. group overhauls China business in meat safety scandal

(Reuters) — A leading U.S. meat supplier said on Monday that a Chinese unit at the center of a food safety scandal had issues that were “absolutely inconsistent” with the group's high standards.


NCAA proposes $75M settlement of concussion lawsuits filed by college players

The National Collegiate Athletic Association on Tuesday filed a proposed $75 million settlement of several consolidated class action suits brought by athletes who suffered concussions while playing college sports.

SPECIALTY RISKS

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.


Abbott Labs' $84M insurance award in claims dispute over obesity drug upheld

An Illinois appeals court has upheld an $84.5 million insurance award to drugmaker Abbott Laboratories in a breach-of-contract claim against several Lloyd’s of London syndicate underwriters.

BENEFITS MANAGEMENT

IRS releases draft of employer reporting form for health reform law compliance

The Internal Revenue Service has issued draft versions of the reporting forms most employers will begin using next year to show that their group health insurance plans comply with the health care reform law.


PBGC takes over pension plan sponsored by estate of Victor Posner

The Pension Benefit Guaranty Corp. is taking over and terminating the underfunded pension plan sponsored by the estate of one-time businessman and corporate raider Victor Posner.

BROKERS & INSURERS

Marsh & McLennan revenue increases 6.8% in second quarter

Marsh & McLennan Cos. Inc. reported 2014 second-quarter revenue of $3.36 billion on Tuesday, a 6.8% increase over the same period last year.


Willis quarterly revenue up 5.1%, but taxes, expenses blunt profit

Willis Group Holdings P.LC. said Tuesday that its second-quarter revenue increased 5.1% to $935.0 million as commissions and fees grew, but increased income tax charges and expenses limited its net income.

MID-MARKET EXECUTIVE

Florida packing plant's workers accused of workers comp fraud

The vast majority of workers at a Naples, Florida, produce packing plant are accused in a scheme to commit workers compensation fraud, the Florida Department of Financial Services said Tuesday.


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

RPM reaches $797.5M deal to resolve Bondex asbestos claims

(Reuters) — RPM International Inc. announced a $797.5 million deal to resolve asbestos claims against its Bondex International Inc. unit, which filed for protection from creditors in 2010 after mounting personal injury lawsuits.


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.

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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...
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