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RISK MANAGEMENT

Illinois law that raises tax on captive insurers draws fire

An Illinois law that apparently will subject Illinois-based companies to self-procurement taxes on premiums placed in their captives could be “very detrimental” to those companies' captive operations, a captive association leader said.


U.S. safety chief raps GM's 'flawed' culture on recalls

(Reuters) — The top U.S. auto safety regulator harshly criticized General Motors Co. for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new…

SPECIALTY RISKS

Home Depot has $105 million in cyber insurance to cover data breach

Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured retention, market sources say.


Navigators launches cyber liability and data breach insurance

The Navigators Group Inc.’s principal underwriting agency subsidiary, Navigators Management Co. Inc., has introduced a new cyber liability and privacy/data breach coverage product called NAVSecure.

BENEFITS MANAGEMENT

High-deductible plans and wellness programs keep health care costs low

Employers' move to high-deductible health plans and greater use of generic drugs and wellness programs are limiting increases in health care costs, with no sign that premiums will surge in the near future.


More than 42 million Americans lacked health insurance in 2013: Census Bureau

More than 42 million Americans — 13.4% of the U.S. population — lacked health insurance coverage in 2013, the U.S. Census Bureau said Tuesday in a new survey.

BROKERS & INSURERS

Florida's new insurance sector may be 'accident waiting to happen'

(Reuters) — Florida homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state insurance companies with an unproven record of withstanding a major hurricane.


OFF BEAT: Beware the badger and other insurance claim follies

“Beware the Badger” would have been sound advice for a 71-year old woman from Bath, England, who locked a badger in her shed only to have it smash through a wall to escape, leading to an insurance claim.

MID-MARKET EXECUTIVE

California law guarantees workers three paid sick days a year

California Gov. Jerry Brown signed into law Wednesday legislation that provides California workers with up to 24 hours or three days of paid sick leave per year.


Integro adds middle-market expertise with two broker hires

Integro Ltd. is bolstering its middle-market practice with the addition of two experienced brokers focused on its operations in New York and New Jersey.

WORKERS COMP

OSHA tightens reporting requirements for fatalities, injuries and illness

The U.S. Department of Labor's Occupational Safety and Health Administration has issued a new rule to tighten its fatality, injury and illness reporting requirements as of 2015.


Wearable devices can be used by employers to track worker health and safety

Wearable devices could help employers improve the health and safety of their workers.

SPONSOR INSIGHTS

As the health care landscape becomes more complicated, risk management continues to evolve. Join...
Captive owners are increasingly considering how to diversify their captive programs’ risk...

BUSINESS INSURANCE FEATURE

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INSIGHTS & SOLUTIONS

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