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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.


GM to seek court protection against ignition lawsuits

(Reuters) — Signaling a tougher stance toward legal claims stemming from its recent recall over faulty ignition switches, General Motors Co. said it will ask a U.S. court to bar lawsuits related to actions before its 2009 bankruptcy.

SPECIALTY RISKS

U.S. retailers plan to share cyber threat data after Target attack

(Reuters) — U.S. retailers are planning to form an industry group for collecting and sharing intelligence about cyber security threats in the wake of last year's big attack on Target Corp.


ISO online pricing tool caters to excess and surplus market

Jersey City, N.J.-based Insurance Services Office Inc. on Wednesday unveiled ISO Rapid Valuator, a new pricing tool for commercial excess and surplus insurance underwriters.

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.


Funding of large employers' pension plans fell $5B in March: Milliman

The funding levels of pension plans sponsored by large publicly held U.S. employers fell nearly $5 billion in March, primarily due to asset underperformance and interest rate decreases, according to a new report by Milliman Inc.

BROKERS & INSURERS

British insurer RSA names chief operating officer to oversee asset sales

(Reuters) — British insurer RSA has appointed its emerging markets chief to the newly created role of chief operating officer to oversee sales of non-core businesses as the company shores up its balance sheet.


Hartford signs on 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.


Release of painkiller Zohydro ER adds to opioid concerns

A powerful opioid painkiller recently released to the market is raising concerns among workers compensation experts as the insurance industry continues to struggle with opioid addiction and abuse among injured workers.

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...