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RISK MANAGEMENT

GM legal department comes under fire at Senate hearing

(Reuters) — General Motors' legal department came under fire in a Senate hearing on Thursday, as lawmakers questioned why the automaker took more than 10 years to recall cars with ignition switch flaws.


Both House, Senate TRIA bills, place more liability on insurers: Report

While bills introduced in the U.S. Senate and House of Representatives to extend the federal terrorism backstop mark progress towards that goal, both would raise the insurance industry’s liability following a terrorist attack.

SPECIALTY RISKS

U.S. official warns of lawsuit as Bank of America mortgage talks stall

(Reuters) — A U.S. Department of Justice official issued a threat to Bank of America Corp., saying that banks under investigation for shoddy mortgage securities must admit to misconduct and pay penalties or face lawsuits.


Alabama health system, doctors group settle whistleblower kickback case for $24.5M

An Alabama health system and a physicians group have reached a $24.5 million settlement of a whistleblower lawsuit, in which they were charged with violating the False Claims Act by paying or receiving kickbacks in connection with claims to the…

BENEFITS MANAGEMENT

S&P 500 company pension deficit drops 50% in 2013

S&P 500 pension plan underfunding was cut in half to $224 billion in fiscal year 2013, down from $452 billion in 2012, said research by S&P Dow Jones Indices.


Benefit costs, regulations remain top HR concerns: Gallagher survey

Rising health care costs and evolving regulations continue to be the top human resources challenge facing employers, and many companies are struggling to effectively meet that challenge, according to a new survey.

BROKERS & INSURERS

Liberty Mutual enters multibillion-dollar reinsurance deal with National Indemnity

Liberty Mutual Insurance Co. has entered into a multibillion-dollar retroactive reinsurance transaction with Berkshire Hathaway Inc.'s National Indemnity Co. to cover asbestos-related and other long-term liabilities.


Cross acquires another Maine-based agency, Merchant, Needham & Associates

Cross Insurance, a subsidiary of Cross Financial Corp., announced its acquisition of Northeast Harbor, Maine-based insurance agency Merchant, Needham & Associates Insurance.

MID-MARKET EXECUTIVE

Judge wants grocery chain held in contempt for ignoring disability bias decree

A judge has recommended that the Supervalu Inc. supermarket chain be held in contempt of court and sanctioned for violating a court decree entered to resolve an Americans with Disabilities Act lawsuit against the firm.


OSHA cites Omaha feed company for fatal plant collapse

The U.S. Occupational Safety and Health Administration has cited an Omaha, Nebraska-based livestock feed manufacturer for multiple federal safety and health violations following a deadly partial collapse at its processing plant in January.

WORKERS COMP

Colo. high court to hear case of fired quadriplegic who tested positive for pot

The Colorado Supreme Court will hear arguments in September in the case of a former Dish Network L.L.C. employee who says he was wrongfully fired for using medical marijuana.


New California law adds to employers' heat safety obligations

Broiling summer heat, an aging workforce and a booming construction industry in some areas of the country are raising concerns about heat-related illness risks for workers.

SPONSOR INSIGHTS

Companies stand to lose dollars and reputational capital when data integration is mishandled....

BUSINESS INSURANCE FEATURE

In this special annual broker supplement to Business Insurance titled, "Winning Ways: The...
 

INSIGHTS & SOLUTIONS

Editorial directory including the special report of claims management trends published in the March ...
This double directory (premium edition) includes detailed information on 70 domiciles worldwide...
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...