Business Insurance

Login  |  Register Subscribe


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.


Allianz integrates Fireman’s Fund commercial business to boost U.S. P/C brand

The commercial property/casualty insurance business of Fireman’s Fund Insurance Co. will be integrated into Allianz Global Corporate & Specialty.

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.


Chinese hacked U.S. military contractors, Senate probe finds

(Reuters) — Hackers associated with the Chinese government have repeatedly infiltrated the computer systems of U.S. airlines, technology companies and other firms involved in the movement of U.S. troops and military equipment, a U.S. Senate …

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.


Coke, J&J join big companies behind new employee wellness push

(Reuters) — Leaders of some of the biggest U.S. corporations unveiled a campaign on Tuesday to reduce the nation's health care costs, urging their peers to embrace wellness programs to improve employee health.

BROKERS & INSURERS

Brokers diverge in investments in risk management information systems

Aon P.L.C.'s decision to sell its RMIS unit, Aon eSolutions Inc., to an affiliate of private equity firm Symphony Technology Group provides a study in contrasting RMIS approaches by the world's two largest insurance brokers.


Insurers turn to big data to help identify risks

(Reuters) — Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles.

MID-MARKET EXECUTIVE

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.


Mid-market consultant Benefits Resource joins Digital Benefits Advisors

Atlanta-based Digital Benefits Advisors on Wednesday said it has added Benefits Resource L.L.C., an Aliso Viejo, California-based consultant, to its nationwide network of employee benefits-only service providers.

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.


Sedgwick expands with specialized insurance claims service acquisition

Sedgwick Claims Management Services Inc. has signed an agreement to acquire T&H Global Holdings L.L.C. and its subsidiaries, the Memphis, Tennessee-based third-party administrator said Wednesday.

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

Register today and plan to attend Business Insurance's 5th annual Workers Comp & Safety...
 

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, ...