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RISK MANAGEMENT

Property insurance pricing stable after Superstorm Sandy: Marsh analysis

Superstorm Sandy's effect on property insurance pricing was muted in the first quarter of 2013, but underwriters are scrutinizing storm and flood risks more closely, according to a study by Marsh Inc.


Property valued at $6 billion in track of Oklahoma tornado: Modeler

Property worth more than $6 billion was within the track of the massive tornado that ravaged areas around Oklahoma City Monday, AIR Worldwide Corp. estimates.

SPECIALTY RISKS

Zurich has no duty to defend in lawsuit it did not know was filed

Zurich American Insurance Co. has no obligation to provide defense costs for a lawsuit it only learned about more than a year after it was filed, under the clear language of its policy, says an appellate court, in affirming a lower court ruling.


Court reinstates discrimination, retaliation suit against LSU

An appeals court cited what is known as the cat's paw theory of liability in reinstating a gender discrimination and retaliation lawsuit by a Louisiana State University police officer.

BENEFITS MANAGEMENT

Defined benefit beat defined contribution plans' returns: Analysis

Defined benefit pension plans have consistently earned higher rates of return than defined contribution plans — predominately 401(k) plans, according to an analysis released Wednesday.


Willis North America launches private health insurance exchange

Willis North America, a unit of Willis Group Holdings P.L.C., on Wednesday announced the launch of its private medical and voluntary benefits exchange.

BROKERS & INSURERS

Catastrophe modelers increase transparency as buyers push for data

As hurricane season approaches, third-party catastrophe modelers are upgrading their offerings, affording risk managers and insurers a greater array of data and more control over the assumptions that underpin the models' predictions.


Insurers in Europe may up risks in managing solvency ratio volatility

Insurers’ efforts to manage volatility in their solvency ratios to comply with Europe’s pending Solvency II regime may instead introduce new risks, Moody’s Investors Services Inc. said in a report released Wednesday.

MID-MARKET EXECUTIVE

Small, midsize businesses need expanded cyber security protection

The recent cyber attack on the daily deals website Living-Social.com demonstrates the vulnerability of online business operations, Internet security experts say.


AmWINS launches voluntary benefits practice

AmWINS Group Benefits is launching a new voluntary benefits practice that will be headed up by Robert Shestack, who joined the Charlotte, N.C.-based division of AmWINS Group Inc. this year.

WORKERS COMP

Fla. workers compensation case could lead to higher costs

Insurers and employers are awaiting a rehearing on whether Florida's limit on temporary workers compensation benefits is unconstitutional, arguing that an earlier ruling could raise costs by $65 million a year.


Court rules for CorVel in removal of doctor from workers comp network

CorVel Corp. had a right to remove a California doctor from its workers compensation medical provider network after the doctor failed to respond to utilization and peer review requests for unauthorized treatments, a California appellate court has …

INSIGHTS & SOLUTIONS

The 2013 Third-Party Administrators Directory and Rankings include information about 42 of the...
A company's reputation is one of its most important assets. Years of good work can be jeopardized...
Rising prices for workers compensation insurance policies and for excess insurance purchased by...
Remember when most insurance agent and broker business transactions were offline? Customers,...

BUSINESS INSURANCE FEATURE

Globalization means more U.S. employees are at risk of injury and illness while traveling to...
A company’s reputation is one it’s most important assets. Reputational damage can have a dramatic...
Join us May 23 for a free Business Insurance webinar to learn how employers can design and...
Register today for Business Insurance's 4th Annual Workers Compensation Virtual Conference, a one-...
 

SPONSOR INSIGHTS

Home to some of the country’s largest life, health and property/casualty insurers—and now also...