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RISK MANAGEMENT

Property/casualty insurer competition expected to increase: Moody's

Competition among property/casualty insurers should increase throughout the remainder of the year, according to an analysis released Thursday by Moody's Investors Service.


OFF BEAT: Bieber scent stinks up cosmetic firm's fragrance sales

A cosmetic company’s plans to hitch its financial wagon to pint-sized pop star Justin Bieber has come back to haunt it.

SPECIALTY RISKS

EEOC says energy company's wellness program violated ADA

The U.S. EEOC has filed suit against an energy company for allegedly violating the ADA, charging that it shifted responsibility for paying health care premiums to an employee.


Breach at U.S. government contractor affected at least 25,000 workers

(Reuters) — A cyber attack at a company that performs background checks for the U.S. Department of Homeland Security compromised data of at least 25,000 government workers, and that number could rise, an agency official said on Friday.

BENEFITS MANAGEMENT

Employers expect modest health plan cost increases in 2015: Survey

Employers are expecting only modest increases in 2015 in their group health care plan costs, but are looking at new approaches to continue to keep costs under control, according to a survey released Wednesday.


Obama administration floats new prescription contraceptive rules

The Obama administration sought Friday to end a long-running controversy by proposing new ways to enable employees of nonprofit religiously affiliated organizations — such as hospitals — and private closely held corporations to obtain …

BROKERS & INSURERS

Allied World names John Bender CEO of global reinsurance

Allied World Assurance Co. Holdings A.G. has named John Bender CEO of its global reinsurance operations, the company said Thursday.


Allied World to buy RSA insurance operations in Hong Kong and Singapore

Allied World Assurance Co. Holdings A.G.’s Allied World Assurance Co. Ltd. unit has reached definitive agreements to acquire the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance P.L.C. for about $215 million in cash, Zug,…

MID-MARKET EXECUTIVE

FBI warns health care companies they are targeted by hackers

(Reuters) — The FBI has warned that health care industry companies are being targeted by hackers, publicizing the issue following an attack on a U.S. hospital group.


OFF BEAT: Adjuster who drove her way out of a job winds up with settlement

Even when a loss assessor contributes to losses for the insurer she works for it’s apparently not sufficient grounds in Ireland to fire her.

WORKERS COMP

California comp rating bureau recommends 6.7% rate hike

The Workers' Compensation Insurance Rating Bureau of California is recommending that the California Department of Insurance adopt a 6.7% increase in the state's pure premium workers compensation rate.


Court upholds judgment against Union Pacific in railroad worker's death

The Texas Court of Appeals has affirmed a $1.2 million judgment awarded to the family of a railroad employee who died from complications after being injured on the job.

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INSIGHTS & SOLUTIONS

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