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RISK MANAGEMENT

Chrysler relents, will recall 2.7M Jeeps on fuel tank issue

(Reuters) — Chrysler Group L.L.C. gave in to government pressure and said it would recall 2.7 million older Jeep models, after initially fighting a recall request from U.S. regulators.


Time to stop arguing about climate change, World Bank says

(Reuters) — The world should stop arguing about whether humans are causing climate change and start taking action to stop dangerous temperature rises, the president of the World Bank said Wednesday.

SPECIALTY RISKS

Buffett officially launches Berkshire's commercial insurance unit

Berkshire Hathaway Inc. has announced the operational launch of Berkshire Hathaway Specialty Insurance, the company's recently formed commercial property/casualty group that is headed by several former AIG executives.


Angelina Jolie stunt double sues News Corp. over hacking

(Reuters) — A stunt double for Oscar-winning actress Angelina Jolie has sued News Corp. over allegations its British newspapers hacked her phone, the first lawsuit in the United States against the company since the scandal broke two years ago.

BENEFITS MANAGEMENT

Benefit broker Corporate Synergies launches private health exchange

Benefit broker and consultant Corporate Synergies Group L.L.C. has launched a private health insurance exchange that will enable employers with 100 or more employees to offer workers a wide array of plans.


Experts sound off on PBGC's 'reportable events' rule

The Pension Benefit Guaranty Corp.’s plan to increase reporting demands on defined benefit plans would place unnecessary burdens on them while providing little new information, pension fund advocates said Tuesday.

BROKERS & INSURERS

Regulators need to work with insurers: Benmosche, other IIS panelist

SEOUL, South Korea — Insurers face increased regulation across the globe, but different expectations by the various regulators make compliance complex, said Robert Benmosche, president and CEO of American International Group Inc.


Global capital standard for insurers won’t happen anytime soon

SEOUL, South Korea — A global risk-based capital standard for insurers would help large insurers better diversify their risks and reduce their costs, but such harmonization could be way off in the future, insurance experts said.

MID-MARKET EXECUTIVE

Benefits brokers ready middle-market employer clients for health care exchanges

COLORADO SPRINGS, Colo. —Benefits brokers expect most middle-market employers — even those with as few as 20 employees — to continue offering health benefits to their employees after 2014 despite the availability of insurance…


Group offers health insurance options for small-business owners

The National Federation of Independent Businesses will offer its members easy access to a wide range of personal health insurance plans, the group announced Wednesday.

WORKERS COMP

Rising indemnity, severity cited in proposed 16.9% N.Y. comp rate plan

A proposal to raise New York workers compensation rates by 16.9% is based in part on increasing indemnity and medical claim severity, according to the New York Compensation Insurance Rating Board.


Detailed protocols can help reduce workers comp costs: SHRM speaker

CHICAGO — Human resource managers can help reduce workers compensation costs by devising written plans that document each step of the comp process and effectively communicating expectations to injured employees, a consultant said Wednesday.

INSIGHTS & SOLUTIONS

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BUSINESS INSURANCE FEATURE

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SPONSOR INSIGHTS

Home to some of the country’s largest life, health and property/casualty insurers—and now also...
Hedge funds and fund managers operate in a fiercely competitive global marketplace defined by new...