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RISK MANAGEMENT

Zurich enterprise risk management tool aids financial institutions

Zurich North America, a unit of Zurich Insurance Group Ltd., has launched a new enterprise risk management assessment tool for financial institutions.


Vermont captive insurer law updated to allow 'dormant' status

Vermont Gov. Peter Shumlin has signed a bill updating Vermont’s captive insurer law, including the creation of a “dormant” status for captives that have ceased operation but might be used to finance risk again in the future.

SPECIALTY RISKS

FedEx has $5M in primary coverage for deadly California truck-bus crash

FedEx, whose tractor-trailer reportedly crossed a center divide on Thursday, slamming into a chartered bus carrying high school students and killing 10 people, has a $5 million combined single limit policy with Protective Insurance Co.


EEOC lawsuit on behalf of diabetic Walgreen employer can proceed: Judge

A disability discrimination lawsuit filed on behalf of an 18-year Walgreen Co. worker with diabetes who was terminated after she allegedly ate a bag of chips without paying for it to stave off a low-blood sugar attack, can proceed, says a federal …

BENEFITS MANAGEMENT

CBO predicts 6% annual premium hikes for Obamacare plans this decade

(Reuters) — The average premium for an Obamacare benchmark plan will rise slightly in 2015 and increase about 6% a year during the rest of this decade, the nonpartisan Congressional Budget Office said on Monday.


PPACA enrollment tops 8 million, Obama says

Enrollment in health plans sold on Obamacare's insurance exchanges has reached 8 million, and 35% of those who signed up through HealthCare.gov are under the age of 35, President Barack Obama said Thursday.

BROKERS & INSURERS

Aspen Insurance rejects hostile takeover bid by Endurance

Aspen Insurance Holdings Ltd. has rejected a $3.2 billion cash-and-stock hostile offer by Endurance Specialty Holdings Ltd., Hamilton, Bermuda-based Aspen said in a statement Monday.


Insurance market appears to be tightening on TRIA backstop fears: Report

Uncertainty over the future of the federal terrorism insurance backstop appears to be causing “tightening” in the terrorism insurance market, according to a report released Thursday by the President's Working Group on Financial Markets.

MID-MARKET EXECUTIVE

Primary care provider role exposes nurse practitioners to malpractice risks

As nurse practitioners assume greater responsibility for providing primary care, they also are becoming more vulnerable to medical malpractice exposures.


Judge rejects NCAA's gender argument in college athletes' likeness rights suit

The NCAA cannot justify its policy against paying student-athletes for the licensed use of their likenesses for broadcasts and merchandising by arguing that the policy ultimately supports women's college athletic programs, a federal judge ruled…

WORKERS COMP

Employee shot for reporting robbery wins comp for mental, physical injuries

The Nebraska Supreme Court has ruled that a store manager who was shot in retaliation for reporting a robbery should receive workers compensation benefits for psychological and physical injuries he suffered.


Fired worker only needs to prove comp claim as 'contributing factor': Court

A lawsuit alleging that an injured worker was fired in retaliation for his workers compensation claim only needed to prove that his claim was a “contributing factor” and not an “exclusive cause” of his discharge, a split…

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...