Business Insurance

Login  |  Register Subscribe

Most Read Mid-Market Executive News

Injured claims adjuster found drunk on beach denied workers comp

Published April 09, 2014 CST

A claims adjuster cannot receive workers compensation benefits for a head injury he mysteriously suffered while on a Texas beach because he was intoxicated at the time of his accident, a Washington state appeals court has ruled.

Property/casualty insurance rates to decline, but some lines uncertain: Willis

Published April 09, 2014 CST

Commercial property/casualty insurance buyers should see modest improvements in market conditions over the remainder of 2014, though external factors are causing instability in some coverage lines, according to a new report from Willis Group Holdings P.L.C.

Little Internet end-users can do to thwart 'Heartbleed' bug

Published April 10, 2014 CST

(Reuters) — Security experts warn there is little Internet users can do to protect themselves from the recently uncovered “Heartbleed” bug that exposes data to hackers, at least not until vulnerable websites upgrade their software.

'Heartbleed' bug in web technology seen as major threat to user data

Published April 09, 2014 CST

(Reuters) — A newly discovered bug in widely used Web encryption technology has made data on many of the world's major websites vulnerable to theft by hackers.

Hail storms, twisters cause $300M in insured damage in North Texas

Published April 09, 2014 CST

Hail storms and tornadoes caused an estimated $300 million in insured damage to parts of North Texas last week, the Insurance Council of Texas said Wednesday.

Lawsuits against nurses could lead to higher professional liability rates

Published April 13, 2014 CST

Insurance industry observers say the trend of increasing payments to indemnify nurse practitioners when they are sued could lead to higher professional liability insurance rates.

Retailers' cyber risk controls scrutinized as attacks increase: Marsh

Published April 08, 2014 CST

Regulators, shareholders and other stakeholders are paying more attention to retailers’ cyber risk control measures as the frequency and severity of attacks and losses mount, says Marsh L.L.C. in a new report.

Primary care provider role exposes nurse practitioners to malpractice risks

Published April 13, 2014 CST

As nurse practitioners assume greater responsibility for providing primary care, they also are becoming more vulnerable to medical malpractice exposures.

Arthur J. Gallagher makes its biggest deal by far

Published April 06, 2014 CST

Insurance brokerage Arthur J. Gallagher & Co. agreed to pay $938 million for the insurance brokerage units of Australian conglomerate Wesfarmers Ltd.

ID theft prevention firm sued over alleged retaliatory firing

Published March 24, 2014 CST

A former employee of LifeLock Inc. has filed a lawsuit against the Tempe, Ariz.-based identity theft prevention company claiming he was fired for uncovering illegal practices and serious vulnerabilities in its data protection services.

No comp benefits for worker hit near employer-paid parking: N.J. High Court

Published April 03, 2014 CST

A worker who was hit by a vehicle while walking into her office from an employer-paid parking lot cannot receive workers compensation for her injuries, the New Jersey Supreme Court ruled Tuesday.

Health care reform rules limit waiting period for health benefits to 90 days

Published February 20, 2014 CST

Newly hired employees must be offered health insurance coverage no later than 90 days after they begin work under final health care reform law regulations.

OSHA fines real estate developer over $2.3M for asbestos, lead violations

Published April 03, 2014 CST

A Wingdale, N.Y.-based real estate development and management company faces more than $2.3 million in fines for knowingly exposing employees and contractors to asbestos and lead hazards.

Hancock selling property/casualty, benefits business to AssuredPartners

Published April 02, 2014 CST

Hancock Holding Co., the Gulfport, Miss.-based parent company of Hancock Insurance Agency and Whitney Insurance Agency, said it has agreed to sell its property/casualty and group benefits books of business to broker AssuredPartners Inc.

Lululemon prevails in lawsuits over yoga pants recall

Published April 04, 2014 CST

(Reuters) — A lawsuit accusing Lululemon Athletica Inc. of defrauding shareholders by hiding defects in its yoga pants that led to a costly recall should be dismissed, a U.S. judge has concluded.

Bswift launches private exchange for health and voluntary benefits

Published February 04, 2014 CST

Bswift Inc., a Chicago-based benefits consulting and information technology services firm, on Tuesday announced the launch of its private health and voluntary benefits exchange, Springboard Marketplace.

Car dealer to pay $2.1M to more than 50 men in same-sex harassment settlement

Published April 02, 2014 CST

More than 50 men will share in a $2.1 million settlement to be paid by an Albuquerque, N.M., car dealership to settle a same-sex sexual harassment and retaliation lawsuit filed by the Equal Employment Opportunity Commission, the agency said Tuesday.

Insurance broker can't be sued over failed self-insured group: Court

Published March 12, 2014 CST

Employers who belonged to a failed workers compensation self-insured group can't sue insurance broker Hub International Ltd. for marketing and selling the program to them, a California appellate court has ruled.

Wells Fargo selling 42 brokerage offices to USI

Published January 23, 2014 CST

Wells Fargo Insurance Services USA Inc., the fifth-largest U.S. broker, agreed to sell 42 of its smaller insurance brokerage and consulting offices to Valhalla, N.Y.-based USI Insurance Services L.L.C., the companies said Thursday.

Predictive models should be used to identify effective intervention strategies

Published March 30, 2014 CST

While third-party administrators tout predictive models' ability to reduce workers comp costs, experts say employers should weigh whether such models can go beyond predicting claim outcomes and identify effective intervention strategies.

Captive feasibility studies analyze plans for expected benefits, tax issues

Published March 02, 2014 CST

Although the content of captive insurer feasibility studies can vary almost as much as the types of risks these special-purpose vehicles are established to insure, all must contain a basic actuarial analysis of the types of losses an owner anticipates in operating the captive, experts say.

Ex-workers comp director must pay more than $1M in fraud restitution

Published March 19, 2014 CST

The former workers compensation director for a Texas risk management fund has been ordered by a federal judge to pay more than $1 million in restitution after he defrauded the pool of more than $514,000.

Employer spending on wellness incentives to rise in 2014: Survey

Published February 20, 2014 CST

Employer spending on wellness incentives will continue to rise in 2014 despite a decrease in the percentage of employers planning to use financial incentives, according to survey results released on Thursday.

Trade secrets, confidential data are often poorly protected at mid-market firms

Published March 16, 2014 CST

Mid-market companies often safeguard their federally registered intellectual property such as patents, trademarks and copyrighted materials, but fail to protect their often equally valuable trade secrets and confidential corporate information.

Mozilla CEO resigns, opposition to gay marriage drew fire

Published April 04, 2014 CST

(Reuters) — Mozilla Chief Executive Brendan Eich has stepped down, the company said Thursday, after an online dating service urged a boycott of the company's Web browser because of a donation Mr. Eich made to opponents of gay marriage.