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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.


EEOC charges City Colleges of Chicago with age discrimination

The U.S. Equal Employment Opportunity Commission has filed an age discrimination lawsuit against a City Colleges of Chicago community college for allegedly failing to hire an adjunct professor for a full-time faculty position because of her age.

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.


Cigna to expand into new state exchanges despite early exchange financial losses

Insurer Cigna Corp. plans to enter health insurance exchanges in Maryland, Georgia and Missouri next year, expanding its investment in the newly created markets despite losses seen in other exchange markets.

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.


Commercial property/casualty rates remain soft in 2nd quarter: Survey

Commercial property/casualty insurance pricing continued to soften during the second quarter, according to the Council of Insurance Agents & Brokers’ quarterly “Commercial Property/Casualty Market Index Survey,” the Council said …

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, ...