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Unintended disclosure, paper records loss most common data breaches: Study

Published September 18, 2014 CST

A study of more than 1,500 data breaches in 2013 and 2014 by a unit of Beazley P.L.C. reveals that the two most common sources of breaches are unintended disclosure and the physical loss of paper records.

Coke, J&J join big companies behind new employee wellness push

Published September 17, 2014 CST

(Reuters) — Leaders of some of the biggest U.S. corporations unveiled a campaign on Tuesday to reduce the nation's health care costs, urging their peers to embrace wellness programs to improve employee health.

Aging insurance industry seeks to replenish its ranks with young recruits

Published September 14, 2014 CST

DALLAS — The insurance industry has jobs to offer because up to one-quarter of the current workforce could retire in the next several years, as well as opportunities that range from working from home to learning about the jungle.

Enrollment in high-deductible health plans keeps growing: Report

Published September 16, 2014 CST

Enrollment in high-deductible health insurance plans, including consumer-driven health plans, continues to grow, the National Center for Health Statistics said in a report Tuesday.

Sedgwick expands with specialized insurance claims service acquisition

Published September 17, 2014 CST

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.

OSHA tightens reporting requirements for fatalities, injuries and illness

Published September 15, 2014 CST

The U.S. Department of Labor's Occupational Safety and Health Administration has issued a new rule to tighten its fatality, injury and illness reporting requirements as of 2015.

Allianz integrates Fireman’s Fund commercial business to boost U.S. P/C brand

Published September 17, 2014 CST

The commercial property/casualty insurance business of Fireman’s Fund Insurance Co. will be integrated into Allianz Global Corporate & Specialty.

NCCI recommends lower workers compensation rates for 15 states

Published September 14, 2014 CST

An improving workers compensation market is driving the National Council on Compensation Insurance Inc. to recommend more decreases in state workers comp rates for next year.

Wearable devices can be used by employers to track worker health and safety

Published September 14, 2014 CST

Wearable devices could help employers improve the health and safety of their workers.

Brokers diverge in investments in risk management information systems

Published September 14, 2014 CST

Aon P.L.C.'s decision to sell its RMIS unit, Aon eSolutions Inc., to an affiliate of private equity firm Symphony Technology Group provides a study in contrasting RMIS approaches by the world's two largest insurance brokers.

OFF BEAT: Beware the badger and other insurance claim follies

Published September 16, 2014 CST

“Beware the Badger” would have been sound advice for a 71-year old woman from Bath, England, who locked a badger in her shed only to have it smash through a wall to escape, leading to an insurance claim.

Insurers turn to big data to help identify risks

Published September 17, 2014 CST

(Reuters) — Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles.

Specialty insurer Brit launches coverage for cyber attacks

Published September 15, 2014 CST

Specialty insurer and reinsurer Brit P.LC. is leading several Lloyd’s of London syndicates to offer up to $250 million of first-party cyber coverage to protect companies’ critical operating infrastructure and industrial machinery from terrorist and other malicious attacks, such as sabotage, espionage and theft.

Data breaches, terrorism, injury payments among insurers' emerging risks: Report

Published September 15, 2014 CST

Cyber risk, terrorism and new compensation structures for long-term bodily injuries are among the emerging risks facing reinsurers and insurers, according to a report from Guy Carpenter & Co. L.L.C.

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

Published September 16, 2014 CST

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.

Alternative capital continues to transform reinsurance sector: Guy Carpenter

Published September 16, 2014 CST

The ongoing influx of alternative capital is continuing to have a profound effect on the traditional reinsurance sector, according to a report issued Tuesday by reinsurance brokerage Guy Carpenter & Co. L.L.C.

Home Depot, Apple cyber attacks highlight variety of methods used by hackers

Published September 14, 2014 CST

Recent cyber attacks against Home Depot and Apple highlight the variety of methods hackers can use to steal sensitive customer data, as well the crisis management strategies companies can take in the wake of an attack.

Scott Thomas to lead specialty property/casualty lines at Schinnerer

Published September 17, 2014 CST

Victor O. Schinnerer & Co. has named Scott P. Thomas senior vice president and senior underwriting manager leading the property/casualty segment of the architects and engineers program and the international property/casualty program of the underwriting manager.

Aon Hewitt said users of private health exchange saw lower costs in 2014

Published September 18, 2014 CST

Employers and individuals participating in Aon Hewitt’s private health insurance exchange saw reductions in their health care costs for the 2014 plan year, the benefits consultant said Thursday.

Shareholder lawsuits driving professional liability market: REBEX speakers

Published September 18, 2014 CST

WHEELING, Illinois — Shareholder derivative lawsuits continue to affect the directors and officers insurance market, speakers said Thursday at the REBEX 2014 Regional Risk Management Conference and Exhibition in Wheeling, Illinois.

Republicans query NLRB on McDonald's liability view

Published September 18, 2014 CST

(Reuters) — Two Republican lawmakers on Wednesday asked a U.S. labor agency for more information about a recent finding that fast-food chain McDonald's Corp. could be held liable for the labor practices of franchisees, a view that has alarmed many businesses.

Home Depot has $105 million in cyber insurance to cover data breach

Published September 14, 2014 CST

Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured retention, market sources say.

IN FOCUS Video: Hurricane and Disaster Preparedness

Published September 16, 2014 CST

In our latest video report, we speak with industry experts about how homeowners, businesses and communities can be best prepared to cope with hurricanes and other costly natural disasters.

Google could enter reinsurance market: Expert

Published September 17, 2014 CST

Standard & Poor's Corp.'s Dennis Sugrue has said that financially strong businesses such as Google Inc. could enter the reinsurance market, which could mean further competition in the sector, reported The Royal Gazette.

John Parente joins Berkshire Hathaway Specialty Insurance life sciences

Published September 18, 2014 CST

(Reuters) — Berkshire Hathaway Specialty Insurance on Thursday said it was expanding its underwriting into the risks of life sciences, naming John Parente to head that area.