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RISK MANAGEMENT

Zurich enterprise risk management tool aids financial institutions

Zurich North America, a unit of Zurich Insurance Group Ltd., has launched a new enterprise risk management assessment tool for financial institutions.


Companies can't litigate secretly to protect image: Appeals court

(Reuters) — In a victory for consumers, a federal appeals court on Wednesday directed that litigation about a product linked to the death of an infant be made public, saying the manufacturer could not keep the details secret to protect its…

SPECIALTY RISKS

FedEx has $5M in primary coverage for deadly California truck-bus crash

FedEx, whose tractor-trailer reportedly crossed a center divide on Thursday, slamming into a chartered bus carrying high school students and killing 10 people, has a $5 million combined single limit policy with Protective Insurance Co.


Canadian charged in 'Heartbleed' attack on tax agency

(Reuters) — Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website, the Royal Canadian Mounted Police said Wednesday.

BENEFITS MANAGEMENT

CBO predicts 6% annual premium hikes for Obamacare plans this decade

(Reuters) — The average premium for an Obamacare benchmark plan will rise slightly in 2015 and increase about 6% a year during the rest of this decade, the nonpartisan Congressional Budget Office said on Monday.


PBGC reaches settlement with Saint-Gobain to prevent pension plan takeover

The Pension Benefit Guaranty Corp. has reached a settlement that will allow Saint-Gobain Containers Inc., Muncie, Ind., to continue as the sponsor of its pension plan following threats by the agency to take possession of the plan, PBGC spokesman…

BROKERS & INSURERS

Aspen Insurance rejects hostile takeover bid by Endurance

Aspen Insurance Holdings Ltd. has rejected a $3.2 billion cash-and-stock hostile offer by Endurance Specialty Holdings Ltd., Hamilton, Bermuda-based Aspen said in a statement Monday.


Hartford signs $500M contract with IBM for cloud computing update

Looking to modernize its computing infrastructure, Hartford Financial Services Group Inc. announced a six-year technology contract with Armonk, N.Y.-based IBM Corp. on Wednesday.

MID-MARKET EXECUTIVE

Primary care provider role exposes nurse practitioners to malpractice risks

As nurse practitioners assume greater responsibility for providing primary care, they also are becoming more vulnerable to medical malpractice exposures.


Lawsuits against nurses could lead to higher professional liability rates

Insurance industry observers say the trend of increasing payments to indemnify nurse practitioners when they are sued could lead to higher professional liability insurance rates.

WORKERS COMP

Employee shot for reporting robbery wins comp for mental, physical injuries

The Nebraska Supreme Court has ruled that a store manager who was shot in retaliation for reporting a robbery should receive workers compensation benefits for psychological and physical injuries he suffered.


Fired worker only need prove comp claim as 'contributing factor': Court

A lawsuit alleging that an injured worker was fired in retaliation for his workers compensation claim only needed to prove that his claim was a “contributing factor” and not an “exclusive cause” of his discharge, a split…

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...