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RISK MANAGEMENT

Honda admits under-reporting serious U.S. accidents since 2003

(Reuters) — Honda Motor Co. failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.


Risk management an afterthought for many Brazilian firms: Speakers

Rio de Janeiro, Brazil — Despite several major disasters since 2000, many companies in Brazil still aren't practicing smart risk management and don't buy insurance to cover most of their risks.

SPECIALTY RISKS

Cyber breaches could prompt cooperation in Congress

With Republicans gaining control of the U.S. Senate in January, long-stalled cyber security legislation finally stands a strong chance of gaining approval by Congress and being signed into law.


Skuld adds full marine coverages to London offerings

Protection and indemnity club Assuranceforeningen Skuld has extended its full roster of marine insurance products to the firm's London office.

BENEFITS MANAGEMENT

HHS warns employers about skimpy health plans

The HHS is warning employers that group health care plans that do not provide coverage for inpatient hospital and physician services will not pass the health reform law's “minimum value” test, the second federal agency to do so.


New York State Common Retirement Fund returns -0.52% for quarter

New York State Common Retirement Fund, Albany, returned -0.52% for the quarter ended Sept. 30, said Matthew Sweeney, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the pension fund.

BROKERS & INSURERS

RenRe acquisition of Platinum may signal trend in soft reinsurance market

While RenaissanceRe Holdings Ltd.'s $1.9 billion purchase of fellow Bermuda reinsurer Platinum Underwriters Holdings Ltd. will bear specific fruit for the buyer, the deal is being driven at least in part by overall soft market conditions coupled…


U.K. regulators approve Africa-focused reinsurer One Re

One Re Ltd., a nonlife Africa-focused reinsurer has been approved by U.K. regulators to do business in the United Kingdom, the company said Wednesday.

MID-MARKET EXECUTIVE

Liberty Mutual expands cyber coverage for commercial buyers

Liberty Mutual Insurance Co. on Monday said it is offering cyber coverage to users of its commercial package products and monoline general liability policies for small and midsize businesses.


Plant closed by ammonia discharge suffered direct physical property loss: Court

The sudden discharge of ammonia that temporarily closed a New Jersey-based manufacturer's plant qualifies as direct physical property loss or damage under New Jersey law, a federal judge has ruled.

WORKERS COMP

Worker can't sue employer's insurer over amputated hand under Texas' opt-out law

A man who was injured while working for a Texas employer who opted out of the state workers compensation system can't sue the company's liability insurer until his employer's liability toward him has been established.


Washington state workers comp rates to increase 0.8% in 2015

Workers compensation advisory rates for Washington state businesses will increase 0.8% in 2015, the state Department of Labor & Industries said Tuesday.

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INSIGHTS & SOLUTIONS

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BUSINESS INSURANCE FEATURE

In this special annual broker supplement, Business Insurance examine what the most...