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RISK MANAGEMENT

Total cost of risk for companies rises in 2013: RIMS survey

The average total cost of risk for companies rose for third straight year in 2013, analysis released Monday by the Risk & Insurance Management Society Inc. and Advisen Ltd. finds.


China diners test McDonald's, Yum says food scare hurts KFC, Pizza Hut sales

(Reuters) — A food safety scare in China is testing local consumers' loyalty to foreign fast-food brands, including McDonald's Corp. and Yum Brands Inc., which owns the KFC and Pizza Hut chains.

SPECIALTY RISKS

Product liability case against Smith & Wesson reinstated on appeal

A federal court should have admitted a plaintiff expert’s testimony, even though it contradicted the plaintiff’s own testimony regarding the circumstances of his accident, says a federal appeals court.


Hackers can tap USB devices in new attacks, researcher warns

(Reuters) — USB devices such as keyboards, thumb-drives and mice can be used to hack into personal computers in a potential new class of attacks that evade all known security protections, a top computer researcher revealed on Thursday.

BENEFITS MANAGEMENT

Aetna says Coventry purchase boosted second-quarter profit

(Reuters) — Aetna Inc., the third-largest U.S. health insurer, reported a higher second-quarter profit that beat analyst expectations, helped by last year's acquisition of Medicare and Medicaid provider Coventry Health Care.


Census Bureau to release annual uninsured report in September

The U.S. Census Bureau in mid-September will release its annual report on the number of people in the United States without health insurance.

BROKERS & INSURERS

Australia's QBE warns H1 results could disappoint

(Reuters) — QBE Insurance Group, Australia's biggest insurer by premium income, on Tuesday warned that its first-half results would likely fall short of analysts' forecasts, hit by higher-than-expected claims.


Hartford reports deeper second-quarter loss of $467M

The Hartford Financial Services Group Inc. on Wednesday reported a net loss of $467 million for the second quarter of 2014 compared with a net loss of $190 million in the second quarter last year.

MID-MARKET EXECUTIVE

EEOC sues employer for demanding health care details for worker absences

The EEOC has filed suit against a construction equipment supplier, charging that it violated the Americans with Disabilities Act by improperly demanding disability-related information from its workers.


OSHA cites Omaha feed company for fatal plant collapse

OSHA 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

Same-sex partner of murdered woman due comp death benefits: Alaska high court

The same-sex partner of a woman who was murdered while working in an Anchorage, Alaska, hotel is eligible for workers compensation death benefits, the Alaska Supreme Court has ruled.


Unum reports 10.9% profit for 2nd quarter

Chattanooga, Tenn.-based Unum Group is reporting a second quarter net income of $242.5 million, up 10.9% from $218.6 million in the same period last year, the insurer said in its earnings statement Wednesday.

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

The Premium Edition of the 2014 Directory of Agents and Brokers provides detailed information about ...
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 directory includes the listings of 24 companies that provide loss-control services on a direct, ...