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RISK MANAGEMENT

Superstorm Sandy taught lessons on insurance coverage clarity

CHICAGO — The need for greater insurance policy clarity and certainty was among the key lessons learned from last year's Superstorm Sandy, according to panelists participating in the Harold H. Hines Jr. Memorial Symposium in Chicago.


Chrysler relents, will recall 2.7M Jeeps on fuel tank issue

(Reuters) — Chrysler Group L.L.C. gave in to government pressure and said it would recall 2.7 million older Jeep models, after initially fighting a recall request from U.S. regulators.

SPECIALTY RISKS

Municipalities struggle with cyber security risks affecting data

TAMPA, Fla. — As local cities, counties and municipalities hold vast amounts of personal data, cyber risks pose significant exposures for public entity risk managers.


SEC charges 2 with operating medical insurance Ponzi scheme

The U.S. Securities and Exchange Commission has charged two founders of a medical insurer with operating a Ponzi scheme.

BENEFITS MANAGEMENT

Automatic 401(k) enrollment increases employee participation

For at least a decade, employers offering 401(k) and other defined contribution retirement plans have shared a basic frustration.


SOLUTION ARC: How companies can ensure they get maximum employee participation in defined contribution plans

Business Insurance's latest Solution Arc explores how 401(k) plans became a dominant retirement vehicle, the changing design of these employer sponsored plans and how firms are boosting 401(k) plan enrollment.

BROKERS & INSURERS

AIG, Prudential to face more regulatory scrutiny

American International Group Inc. and Prudential Financial Inc. could become less competitive as a result of being designated systemically important financial institutions, though industry experts say much about the effect of SIFI status remains…


U.S. regulators see no need for enhanced insurer capital

(Reuters) — Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said Tuesday.

MID-MARKET EXECUTIVE

Benefits brokers ready middle-market employer clients for health care exchanges

COLORADO SPRINGS, Colo. —Benefits brokers expect most middle-market employers — even those with as few as 20 employees — to continue offering health benefits to their employees after 2014 despite the availability of insurance…


PPACA may cause some midsize, large firms to reduce part-timers' hours

Nearly one in five midsize and large U.S. employers plans to reduce their part-time staffers' hours in order to minimize exposure to coverage mandates under the health care reform law, according to new research.

WORKERS COMP

Rising indemnity, severity cited in proposed 16.9% N.Y. comp rate plan

A proposal to raise New York workers compensation rates by 16.9% is based in part on increasing indemnity and medical claim severity, according to the New York Compensation Insurance Rating Board.


Social Security disability applications fall, but payments rise: Survey

While the number of long-term disability claimants fell slightly in 2012, total claim payments among member disability insurers grew for a fifth straight year to $9.4 billion, the Council for Disability Awareness said Tuesday.

INSIGHTS & SOLUTIONS

A little over a year ago, the phrase “pension de-risking” was not part of the pension plan lexicon. ...
The 2013 Directory of Property Loss Consultants includes all the property loss charts and related...

BUSINESS INSURANCE FEATURE

Learn how employers can design and implement a wellness program that achieves strong engagement...
Register today for Business Insurance's 4th Annual Workers Compensation Virtual Conference, a one-...
A growing number of companies are moving to cloud computing to take advantage of the economies of...
There's been a spike in medical malpractice catastrophic losses since the onset of consolidation...
Risk managers whose companies are expanding into emerging markets face a number of challenges. They ...
 

SPONSOR INSIGHTS

Hedge funds and fund managers operate in a fiercely competitive global marketplace defined by new...
Home to some of the country’s largest life, health and property/casualty insurers—and now also...