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RISK MANAGEMENT

Hurricane Gonzalo damaged roofs, knocked out power in Bermuda

Hurricane Gonzalo hit Bermuda Friday night, leaving damaged roofs and electricity outages in its wake, catastrophe modeling firm AIR Worldwide said in a statement Monday.


Number of risk retention groups falling amid continuing soft market

Affected by the soft market, the number of risk retention groups continues to fall, according to an industry newsletter.

SPECIALTY RISKS

Ironshore expanding into agriculture sector

Ironshore International, a unit of Hamilton, Bermuda-based Ironshore Inc., said Monday it plans to enter the agriculture sector, offering capacity limits of up to $10 million, with the appointment of a divisional director.


China-backed hackers target Apple's iCloud users: Blog

(Reuters) — Apple Inc.'s iCloud storage service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the Beijing government is behind the campaign.

BENEFITS MANAGEMENT

McConnell's claims on Kentucky exchange, Obamacare baffle experts

Senate Minority Leader Mitch McConnell, R-Ky., has made a habit of saying that repealing the ACA would not necessarily mean shutting down Kentucky's popular insurance exchange.


Colorado high court upholds COLA reduction for state pension fund

The Colorado Supreme Court ruled Monday that the reduction to cost-of-living adjustments for Colorado Public Employees Retirement Association members approved under earlier legislation was constitutional, court documents show.

BROKERS & INSURERS

U.S. property/casualty insurers' reserves steady for 2014: Moody's

Reserves among U.S. property/casualty insurers will remain “moderately redundant” at year end 2014, with some differentiation among companies and business lines.


Ace excludes Ebola claims for some new and renewal general liability policies

Ace USA confirmed Tuesday that it will exclude coverage for Ebola claims under new and renewal general liability polices issued to companies that have exposures to certain African countries.

MID-MARKET EXECUTIVE

Marsh to acquire flood insurance specialist Torrent Technologies

Marsh L.L.C has signed a definitive agreement to acquire Torrent Technologies Inc., Marsh said Monday.


Product helps small and midsize firms measure cyber attack readiness

Information technology solutions provider eManagement Inc. has developed a new tool to help small and midsize businesses measure their readiness to respond to and recover from cyber security attacks.

WORKERS COMP

OSHA fines Dollar Tree $262,500 for safety violations at Texas store

Chesapeake, Virginia-based Dollar Tree Inc. is facing $262,500 in fines from the U.S. Occupational Health and Safety Administration because of alleged safety violations at a Texas Dollar Tree store.


No change in Colorado comp loss rates for 2015

Colorado employers will see no change to workers compensation loss cost rates for next year, the state Department of Regulatory Agencies said Thursday.

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INSIGHTS & SOLUTIONS

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