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RISK MANAGEMENT

PRIMA to train government risk managers on ISO 31000 standard for ERM

The Public Risk Management Association is developing a program aimed at training a group of government risk managers to train others in the public sector on implementing enterprise risk management using the ISO 31000 standard.


Damages phase of BP Gulf spill trial set for January

(Reuters) — The high-stakes penalty phase of BP P.L.C.'s trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday, and billions of dollars could be on the line.

SPECIALTY RISKS

Arizona community college faces class action over data breach

A proposed class action lawsuit is targeting a community college district in Tempe, Ariz., that allegedly violated several state and federal data protection laws.


Retail companies report greater concern over cyber risks: Willis

Companies in the retail sector report their cyber exposures at higher levels than their Fortune 1000 counterparts, according to a study of public documents published Wednesday by Willis Group Holdings P.L.C.

BENEFITS MANAGEMENT

Medicare chief Jonathan Blum leaving Obama administration

The Obama administration's top Medicare official is stepping down from his post.


IRS bumps up health savings account contribution max for 2015

The maximum contributions that can be made to health savings accounts will increase $50 for individuals and $100 for families in 2015.

BROKERS & INSURERS

Aspen, Endurance exchange fire in hostile takeover battle

Endurance Specialty Holdings Ltd. responded swiftly Monday morning to a letter from Aspen Insurance Holdings Ltd. to its shareholders on Sunday reiterating the reinsurer's criticism and rejection of Endurance's $3.2 billion hostile takeover offer.


Aspen Insurance profit rises 31% in 2014 first quarter

Aspen Insurance Holdings Ltd. on Wednesday reported net income of $120.4 million for the first quarter of 2014, an increase of 31.2% over the prior-year period.

MID-MARKET EXECUTIVE

Furniture store that didn't hire pregnant woman must pay: Court

A midsize office furnishings and architectural store in New York City has agreed to pay $90,000 to settle a pregnancy discrimination lawsuit filed by the EEOC charging it with reneging on an employment to a job applicant who was pregnant.


LifeLock hits back at fired security chief who alleged wrongdoing

LifeLock Inc. has formally denied allegations that it fired its chief information security officer for uncovering serious deficiencies in its data protection services, according to court documents filed this week.

WORKERS COMP

Louisiana workers comp costs higher than in most states: Study

Medical payments for injured workers in Louisiana were higher and growing faster than in most states, with payments per claim increasing more than 7% per year from 2006 to 2011, according to a new study.


Lockton launches workers comp claims analytics program

Lockton Cos. L.L.C. has launched the Lockton Work Comp Claims Outcome Analytics program to help companies manage workers compensation claim costs, the insurance brokerage said Wednesday.

SPONSOR INSIGHTS

Consumers show a growing appetite for expanding their use of online services and mobile devices but ...

BUSINESS INSURANCE FEATURE

Learn how employers can design and implement a wellness program that achieves strong engagement...
A growing number of companies are moving to cloud computing to take advantage of the economies of...
In this special annual broker supplement to Business Insurance titled, "Winning Ways: The...
 

INSIGHTS & SOLUTIONS

The 2013 directory of U.S. colleges and universities offering formal risk management and/or...
Public entities are going to be increasingly exposed to weather-related hazards, because climate...