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RISK MANAGEMENT

Texas risk management office names Todd Holt deputy executive director

The Texas State Office of Risk Management has named L. Todd Holt as deputy executive director, effective Jan. 5.


ISO offers insurance options for commercial drones

Verisk Analytics Inc.’s Insurance Services Office Inc. unit has developed endorsements to address the liability exposure of commercial drones.

SPECIALTY RISKS

Drone downer: Will new FAA rules ground recreational fliers?

(Reuters) — Americans shopping for toy remote-controlled airplanes or helicopters may find, sometime in the near future, that they come with unexpected accessories: A raft of new regulations.


U.S. fears Sony hackers may never be caught: law enforcement official

(Reuters) — Government investigators fear the hackers behind the unprecedented attack on Sony's Hollywood studio may never be caught if they are under the protection of North Korea, a U.S. official said on Wednesday.

BENEFITS MANAGEMENT

U.S. corporate health exchanges find no new blue chip clients

(Reuters) — Companies in the health care sector have invested hundreds of millions of dollars to build exchanges that allow company employees to buy their own insurance, betting that Corporate America wants to get out of managing workers'…


NCR signs $160 million pension buyout deal

NCR Corp. on Wednesday said it is buying a group annuity to provide pension benefits to about 4,500 retirees and their beneficiaries.

BROKERS & INSURERS

Business, insurance leaders urge approval of terrorism insurance backstop extension

A group of insurance and business associations has sent a letter asking that the Senate approve without amendment a House measure that would extend the federal government's terrorism insurance backstop for six years.


Backlash expected from Senate's inaction on terrorism insurance backstop

The failure of the Senate to vote on legislation extending the federal terrorism insurance program, will likely reverberate quickly through the insurance industry and the entire U.S economy, according to observers.

MID-MARKET EXECUTIVE

Congress gives final OK to bill allowing multiemployer pension plan benefit cuts

Trustees of financially distressed multiemployer pension plans would be allowed to cut participants' benefits to prevent the plans from becoming insolvent under legislation given final congressional approval Saturday.


Surplus lines insurer James River raises $231 million in IPO

Hamilton, Bermuda-based James River Group Holdings Ltd., the parent company of excess and surplus lines insurer James River Insurance Co., raised about $231 million in its initial public offering Friday.

WORKERS COMP

Home Depot cleared to stop paying comp for missing woman unless she reappears

Home Depot Inc. will not have to continue paying workers compensation benefits for a Maine employee who has been missing since 2012 unless she reappears and appeals for benefits to be reinstated.


Louisiana to cut workers compensation insurance rates by 2.4%

Louisiana businesses will see a 2.4% cut in workers compensation insurance rates as of May 1, 2015, according to the state’s insurance department.

SPONSOR INSIGHTS

This ACE Group white paper explores the necessity to hold Product Recall Insurance and provides...
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...
 

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...