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RISK MANAGEMENT

Campaign encourages young workers to take path to insurance industry

The insurance industry has launched an initiative to attract millennials to the profession.


Insurance sector falls short on addressing climate change: Report

The insurance industry has shown a “profound lack of preparedness” in addressing climate-related risk and opportunities, says a report on a survey conducted by an advocacy group.

SPECIALTY RISKS

Ironshore expanding into agriculture sector

Ironshore International, a unit of Hamilton, Bermuda-based Ironshore Inc., said Monday it plans to enter the agriculture sector, offering capacity limits of up to $10 million, with the appointment of a divisional director.


Justice Department to increase focus on cyber threat, economic espionage

The Justice Department is making strategic changes to put additional focus on the protection of national assets from the threat of state-sponsored economic espionage and proliferation, including through cyberspace.

BENEFITS MANAGEMENT

McConnell's claims on Kentucky exchange, Obamacare baffle experts

Senate Minority Leader Mitch McConnell, R-Ky., has made a habit of saying that repealing the ACA would not necessarily mean shutting down Kentucky's popular insurance exchange.


Humana looks to sell urgent care subsidiary Concentra: Sources

(Reuters) — Health insurer Humana Inc. is exploring a sale of its urgent care subsidiary Concentra in a deal that could value it at around $1 billion, according to three people familiar with the matter.

BROKERS & INSURERS

U.S. property/casualty insurers' reserves steady for 2014: Moody's

Reserves among U.S. property/casualty insurers will remain “moderately redundant” at year end 2014, with some differentiation among companies and business lines.


Insured damages in Bermuda from Gonzalo estimated at $200M-$400M: AIR

Last week's Hurricane Gonzalo caused estimated insured damages of between $200 million and $400 million in Bermuda, catastrophe modeler AIR Worldwide said Wednesday.

MID-MARKET EXECUTIVE

Marsh to acquire flood insurance specialist Torrent Technologies

Marsh L.L.C has signed a definitive agreement to acquire Torrent Technologies Inc., Marsh said Monday.


Product helps small and midsize firms measure cyber attack readiness

Information technology solutions provider eManagement Inc. has developed a new tool to help small and midsize businesses measure their readiness to respond to and recover from cyber security attacks.

WORKERS COMP

OSHA fines Dollar Tree $262,500 for safety violations at Texas store

Chesapeake, Virginia-based Dollar Tree Inc. is facing $262,500 in fines from the U.S. Occupational Health and Safety Administration because of alleged safety violations at a Texas Dollar Tree store.


No change in Colorado comp loss rates for 2015

Colorado employers will see no change to workers compensation loss cost rates for next year, the state Department of Regulatory Agencies said Thursday.

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INSIGHTS & SOLUTIONS

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