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RISK MANAGEMENT

Chrysler recalls more than 900,000 vehicles globally in two actions

(Reuters) — Chrysler Group on Thursday announced two global recalls of more than 900,000 cars and SUVs combined for problems that could cause fires.


Third traffic death in U.S. linked to Takata air bags

(Reuters) — A fatal accident near Los Angeles last year of a 2002 Acura sedan involved a Takata Corp. air bag, the third death in the United States linked to a defective safety component made by the Japanese supplier, according to local…

SPECIALTY RISKS

Brokers, insurers need to offer relevant insurance to prosper: Panel

COLORADO SPRINGS, Colorado – Insurers and brokers need to offer relevant products to add value for insurance buyers if they are to prosper in an environment where nontraditional capital continues to enter the market.


Employee delivery drivers can’t be reclassified as contractors, court rules

Delivery drivers who went from being classified as employees to independent contractors can rely on the California Industrial Welfare Commission's definition of “employee” for claims that fall within the scope of its wage orders,…

BENEFITS MANAGEMENT

Cincinnati health care system freezing pension plans, sweetening 401(k)

TriHealth, a Cincinnati-based health care system, is freezing its three defined benefit pension plans and beefing up its 401(k) plans.


PBGC taking over underfunded plan of manufacturer that filed for bankruptcy

The Pension Benefit Guaranty Corp. said Friday that it is taking over the underfunded pension plan of Reichhold Inc., a Durham, North Carolina-based resin manufacturer that filed for bankruptcy last month.

BROKERS & INSURERS

Insurance-linked securities could break annual record despite weak 3rd quarter

Despite a slow third quarter for insurance-linked securities, 2014 will still likely surpass 2007’s record year for these non-life securities, according to a report issued by Willis Group Holdings P.L.C.’s Willis Capital Markets &…


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.

MID-MARKET EXECUTIVE

Hartford offers commercial auto discounts to encourage driver safety

Hartford Financial Services Group Inc. has added premium discounts and other rewards to its commercial auto policy to encourage driver safety among small and midsize businesses.


USI expands in Northwest with purchase of employee benefits broker

USI Insurance Services L.L.C. has acquired Wallace Insurance Inc./Scott Insurance Services, a middle-market employee benefits broker based in Anchorage, Alaska.

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.


Doctors prescribe more Schedule II painkillers for injuries in four states

Physicians in Pennsylvania, Maryland, Massachusetts and New Jersey prescribed Schedule II narcotics to injured workers more frequently than physicians in other states.

SPONSOR INSIGHTS

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INSIGHTS & SOLUTIONS

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