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RISK MANAGEMENT

U.S. safety chief raps GM's 'flawed' culture on recalls

(Reuters) — The top U.S. auto safety regulator harshly criticized General Motors Co. for not promptly reporting and recalling cars now linked to at least 19 deaths.


This week's Top 10 features on BusinessInsurance.com

Find out which of this week's features on BusinessInsurance.com were the most popular.

SPECIALTY RISKS

Wells Fargo Bank settles EEOC same-sex harassment suit for $290,000

Wells Fargo Bank N.A. has agreed to pay $290,000 to settle a U.S. EEOC lawsuit in which the bank was charged with creating a sexually hostile work environment at one of its branches.


Title IX class action lawsuit ruling against California school district upheld on appeal

A federal appellate court on Friday upheld a lower court ruling in favor of a class action lawsuit filed on behalf of female high school athletes.

BENEFITS MANAGEMENT

App developers seek clearer U.S. health data privacy guidelines

(Reuters) — Developers of apps for mobile devices are asking a U.S. agency to clarify its rules for protecting patient health information to reflect the fast-evolving technology.


IRS bumps up maximum interest rate for cash balance plans

Final Internal Revenue Service regulations will allow cash balance pension plan sponsors to use slightly higher rates when crediting interest to employees’ account balances.

BROKERS & INSURERS

Insurance groups hail House approval of capital standards bill

Insurance groups are welcoming the House's approval on Tuesday of legislation that would give the Federal Reserve more leeway in determining accounting standards.


Spencer Educational Foundation raises more than $1M for scholarships

NEW YORK — The Spencer Education Foundation Inc. raised more than $1 million at the organization’s annual gala Thursday at the Waldorf-Astoria in New York.

MID-MARKET EXECUTIVE

Navigators launches cyber liability and data breach insurance

The Navigators Group Inc.'s principal underwriting agency subsidiary, Navigators Management Co. Inc., has introduced a new cyber liability and privacy/data breach coverage product called NAVSecure.


Mid-market companies plan to increase data security spending: Survey

Recent data breaches involving high-profile companies such as Target Corp. and Home Depot Inc. are having an effect on how much middle-market companies spend on data security, with most planning to increase spending, a new survey reveals.

WORKERS COMP

Sedgwick expands with specialized insurance claims service acquisition

Sedgwick Claims Management Services Inc. has signed an agreement to acquire T&H Global Holdings L.L.C. and its subsidiaries, the Memphis, Tennessee-based third-party administrator said Wednesday.


Marsh names Tom Ryan to drive research for its workers compensation excellence center

Tom Ryan has been named workers compensation market research leader for Marsh L.L.C.'s Workers' Compensation Center of Excellence, the insurance broker said Friday.

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BUSINESS INSURANCE FEATURE

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