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Most Emailed Specialty Risks News

Home Depot expects data breach to cost at least $34M in 2014

Published November 20, 2014 CST

The Home Depot Inc. has reported pretax net expenses of $28 million related to its recent data breach and said it anticipates the total cost will be about at least $34 million for the year.

AmWINS, CRC, Swett & Crawford form Lloyd's executive risks facility

Published November 20, 2014 CST

U.S. wholesale brokers CRC Insurance Services Inc., AmWINS Group Inc., and The Swett & Crawford Group Inc. have formed a new directors and officers program at Lloyd’s of London called the CAS Facility.

Marsh places $3.5B in transactional risk market in first half of 2014

Published November 19, 2014 CST

A total of $3.5 billion in insured limits was placed in the transactional risk insurance market in the first half of 2014 by Marsh L.L.C., which was a 59% increase over the same period in 2013, the broker said Wednesday.

Marsh launches consumer class action settlement insurance

Published November 18, 2014 CST

Marsh L.L.C. has launched a consumer class action settlement insurance product that transfers the settling company’s ultimate payout in a class action lawsuit to the insurer.

Construction risk managers should focus on preventing water damage

Published November 13, 2014 CST

NASHVILLE, Tennessee — Risk managers in the construction industry need to redouble efforts to prevent water damage during building projects.

Ryan Specialty launches London-based vehicle for D&O risks

Published November 12, 2014 CST

Ryan Specialty Group L.L.C. has created a London-based managing general agent to write directors and officers liability insurance, the Chicago-based wholesale broker announced Wednesday.

EEOC charges manufacturer for using carpal tunnel tests before hiring

Published November 20, 2014 CST

The U.S. Equal Employment Opportunity Commission on Thursday filed charges against a manufacturer for allegedly inappropriately testing for carpal tunnel syndrome.

Hamilton Insurance acquiring Lloyd's sports and leisure underwriter and broker

Published November 18, 2014 CST

Hamilton Insurance Group Ltd. on Tuesday said it will acquire Sportscover Underwriting Ltd., a Lloyd's of London managing agency, and Kinetic Insurance Brokers Ltd., a Lloyd's broker, from Wild Goose Holdings Pty. Ltd.

Boston Scientific to pay $18.5M in mesh case

Published November 20, 2014 CST

(Reuters) — Boston Scientific Corp. was ordered Thursday to pay $18.5 million for injuries caused by transvaginal mesh devices, a plaintiffs' lawyer said, in the third courtroom loss for the company.

Hackers to probe cyber crime defenses at British banks

Published November 19, 2014 CST

(Reuters) — In the next few months, hackers will try to penetrate the cyber defenses of Britain's major banks and steal information about millions of customers. But for once they'll be welcome.

Technical Risk Underwriters, RLI Insurance partner on builders risk coverage

Published November 19, 2014 CST

Technical Risk Underwriters, a specialty property and construction risk underwriting unit of RSG Underwriting Managers L.L.C., on Wednesday said it is partnering with RLI Insurance Co. to expand its builders risk underwriting capabilities.

Building owners, contractors should be in agreement when buying insurance

Published November 11, 2014 CST

NASHVILLE, Tennessee — An emphasis on consensus-building between building owners and general contractors is essential when securing builders risk coverage.

Skilled construction worker shortage is now a top risk management concern

Published November 09, 2014 CST

As the construction industry rebounds from its prolonged slump, a shortage of skilled workers has become a top risk management concern.

Cyber-related directors and officers liability claims expected to increase

Published November 09, 2014 CST

LAS VEGAS — Cyber-related directors and officers liability claims are rare, but that will likely change soon.