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RISK MANAGEMENT

Home Depot expects data breach to cost at least $34M in 2014

The Home Depot Inc. has reported pretax net expenses of $28 million related to its recent data breach and said it anticipates the total cost will be about at least $34 million for the year.


OFF BEAT: Airbnb offers host protection for trashed homes

The possibility of coming home to “meth pipes” or the aftermath of an “XXX freak fest” might deter some people from renting out their living space through Airbnb, but the apartment-sharing service is hoping to set the…

SPECIALTY RISKS

Boston Scientific to pay $18.5M in mesh case

(Reuters) — Boston Scientific Corp. was ordered Thursday to pay $18.5 million for injuries caused by transvaginal mesh devices, a plaintiffs' lawyer said, in the third courtroom loss for the company.


Apple $450M e-book settlement gets final court approval

(Reuters) — A U.S. judge on Friday gave final approval to Apple Inc.'s agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.

BENEFITS MANAGEMENT

Employers to stick with health plan designs in 2015, add wellness incentives

Very few employers are planning to make drastic changes to their group health benefit plans in 2015, opting instead to add incentives to workplace wellness programs, according to new survey data.


California health insurance exchange’s open enrollment off to big start

California, the biggest public health insurance exchange, says enrollment for 2015 is far eclipsing the enrollment rate during the comparable period last year.

BROKERS & INSURERS

Insurers see rates falling up to 15% as competition bites

(Reuters) — Competition in the global insurance market is driving commercial rates down by as much as 15%, according to senior industry participants as some look to new revenue boosting products.


China Re gets Lloyd's OK for change to stand-alone syndicate in 2015

China Reinsurance (Group) Corp. has received approval from Lloyd’s of London to transform its existing special purpose syndicate into a stand-alone syndicate.

MID-MARKET EXECUTIVE

Hilb Group acquires North Carolina employee benefits broker

The Hilb Group L.L.C. has acquired middle market employee benefits broker Lake Norman Benefits Inc.


Hub International launches entertainment industry practice

Middle-market broker Hub International Ltd. is launching an entertainment practice to focus on providing risk management and insurance solutions for all segments of the entertainment industry

WORKERS COMP

Obese workers' absenteeism costs U.S. employers $8.65B a year

Absenteeism among obese workers in the United States costs employers about $8.65 billion each year, according to a study published in the latest issue of the Journal of Occupational and Environmental Medicine.


Listing preauthorized medical procedures ruled within N.Y. comp board's powers

The New York State Workers’ Compensation Board was within its regulatory powers when it created a list of preauthorized medical procedures, and it properly places the burden of proving medical necessity on an injured worker’s treating …

SPONSOR INSIGHTS

Captive owners are increasingly considering how to diversify their captive programs’ risk...
Zurich leaders, Steve Bauman and Jason Jobe give insight on opportunities for insuring benefits in...
This ACE Group white paper explores the necessity to hold Product Recall Insurance and provides...
 

INSIGHTS & SOLUTIONS

Excess and surplus lines directory and editorial review. Lists 31 companies that write insurance on ...
This editorial directory and review lists the surplus gross written premiums written in each of the ...
Three directThree directories in one, 41 pages of editorial content, rankings and listings. This...
Insurance wholesaler directory and editorial review. The directory includes the listings of 35...
 
 

BUSINESS INSURANCE FEATURE

In this special annual broker supplement, Business Insurance examine what the most...