Business Insurance

Login  |  Register Subscribe


RISK MANAGEMENT

Total cost of risk for companies rises in 2013: RIMS survey

The average total cost of risk for companies rose for third straight year in 2013, analysis released Monday by the Risk & Insurance Management Society Inc. and Advisen Ltd. finds.


Bermuda registers 36 new insurers in first half of 2014

The Bermuda Monetary Authority registered 36 new insurers during the first six months of 2014, up from 34 during the same period last year.

SPECIALTY RISKS

EEOC sues employer for demanding health care details for worker absences

The EEOC has filed suit against a construction equipment supplier, charging that it violated the Americans with Disabilities Act by improperly demanding disability-related information from its workers.


House passes bills to strengthen U.S. cyber security efforts

The House of Representatives has approved three bipartisan bills intended to strengthen efforts to combat cyber attacks on the critical infrastructure.

BENEFITS MANAGEMENT

IRS releases draft of employer reporting form for health reform law compliance

The Internal Revenue Service has issued draft versions of the reporting forms most employers will begin using next year to show that their group health insurance plans comply with the health care reform law.


ACA creation didn't violate constitutional rules on new taxes: Appeals court

A federal appeals court Tuesday upheld a lower court ruling that Congress did not violate a U.S. constitutional requirement that tax-related legislation must originate in the House of Representatives when it passed the Patient Protection and…

BROKERS & INSURERS

Marsh & McLennan revenue increases 6.8% in second quarter

Marsh & McLennan Cos. Inc. reported 2014 second-quarter revenue of $3.36 billion on Tuesday, a 6.8% increase over the same period last year.


Endurance terminates takeover bid for Aspen Insurance

Endurance Specialty Holdings Ltd. on Wednesday said it has terminated its offer to acquire Aspen Insurance Holdings Ltd. and will not be pursuing its board size increase and scheme of arrangement proposals.

MID-MARKET EXECUTIVE

Florida packing plant's workers accused of workers comp fraud

The vast majority of workers at a Naples, Florida, produce packing plant are accused in a scheme to commit workers compensation fraud, the Florida Department of Financial Services said Tuesday.


OSHA cites Omaha feed company for fatal plant collapse

OSHA has cited an Omaha, Nebraska-based livestock feed manufacturer for multiple federal safety and health violations following a deadly partial collapse at its processing plant in January.

WORKERS COMP

RPM reaches $797.5M deal to resolve Bondex asbestos claims

(Reuters) — RPM International Inc. announced a $797.5 million deal to resolve asbestos claims against its Bondex International Inc. unit, which filed for protection from creditors in 2010 after mounting personal injury lawsuits.


Ship worker injured at sea due remuneration despite pre-existing condition: Court

The owner of a commercial fishing vessel must pay for lodging, food and medical expenses for a ship crew member who suffers from long-term anemia after a 2008 accident on the boat, even though his condition may have been related to his prior…

SPONSOR INSIGHTS

Companies stand to lose dollars and reputational capital when data integration is mishandled....

BUSINESS INSURANCE FEATURE

In this special annual broker supplement to Business Insurance titled, "Winning Ways: The...
 

INSIGHTS & SOLUTIONS

The Premium Edition of the 2014 Directory of Agents and Brokers provides detailed information about ...
Editorial directory including the special report of claims management trends published in the March ...
This double directory (premium edition) includes detailed information on 70 domiciles worldwide...
The directory includes the listings of 24 companies that provide loss-control services on a direct, ...