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RISK MANAGEMENT

Chrysler recalls more than 900,000 vehicles globally in two actions

(Reuters) — Chrysler Group on Thursday announced two global recalls of more than 900,000 cars and SUVs combined for problems that could cause fires.


Two more lawsuits filed against Honda, Takata for air bag defect

(Reuters) — The recall crisis involving Takata-made air bags exploding with too much force and spraying occupants with metal shrapnel continues to grow, with two more lawsuits filed concerning accidents in older Honda cars.

SPECIALTY RISKS

Brokers, insurers need to offer relevant insurance to prosper: Panel

COLORADO SPRINGS, Colorado – Insurers and brokers need to offer relevant products to add value for insurance buyers if they are to prosper in an environment where nontraditional capital continues to enter the market.


Record claims to boost price of insuring airplanes against attack

(Reuters) — Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year.

BENEFITS MANAGEMENT

Cincinnati health care system freezing pension plans, sweetening 401(k)

TriHealth, a Cincinnati-based health care system, is freezing its three defined benefit pension plans and beefing up its 401(k) plans.


Colorado high court upholds COLA reduction for state pension fund

The Colorado Supreme Court ruled Monday that the reduction to cost-of-living adjustments for Colorado Public Employees Retirement Association members approved under earlier legislation was constitutional, court documents show.

BROKERS & INSURERS

Insurance-linked securities could break annual record despite weak 3rd quarter

Despite a slow third quarter for insurance-linked securities, 2014 will still likely surpass 2007’s record year for these non-life securities, according to a report issued by Willis Group Holdings P.L.C.’s Willis Capital Markets &…


California's Prop 46 could boost medical professional liability rates

Passage of California’s Proposition 46 could result in higher medical professional liability insurance rates, according to a study released by A.M. Best Co. Inc. on Tuesday.

MID-MARKET EXECUTIVE

Hartford offers commercial auto discounts to encourage driver safety

Hartford Financial Services Group Inc. has added premium discounts and other rewards to its commercial auto policy to encourage driver safety among small and midsize businesses.


USI expands in Northwest with purchase of employee benefits broker

USI Insurance Services L.L.C. has acquired Wallace Insurance Inc./Scott Insurance Services, a middle-market employee benefits broker based in Anchorage, Alaska.

WORKERS COMP

OSHA fines Dollar Tree $262,500 for safety violations at Texas store

Chesapeake, Virginia-based Dollar Tree Inc. is facing $262,500 in fines from the U.S. Occupational Health and Safety Administration because of alleged safety violations at a Texas Dollar Tree store.


No change in Colorado comp loss rates for 2015

Colorado employers will see no change to workers compensation loss cost rates for next year, the state Department of Regulatory Agencies said Thursday.

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INSIGHTS & SOLUTIONS

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