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Most Read Specialty Risks News

Allianz, Atrium lead insurance coverage on downed Malaysian Airlines plane

Published July 18, 2014 CST

(Reuters) — Insurance on the Malaysian Airlines plane brought down over Ukraine is likely to pay out quickly, but settling insurance for the loss of 298 lives and other liability could be complex and lengthy.

Colo. high court to hear case of fired quadriplegic who tested positive for pot

Published July 16, 2014 CST

The Colorado Supreme Court will hear arguments in September in the case of a former Dish Network L.L.C. employee who says he was wrongfully fired for using medical marijuana.

New York state data security breaches have tripled since 2006: Report

Published July 16, 2014 CST

The number of data security breaches reported annually to the New York state attorney general more than tripled between 2006 and 2013 to a record-setting 7.3 million records of New Yorkers exposed last year.

OFF BEAT: MacFarlane accused of ripping off idea for foul-mouthed teddy bear

Published July 17, 2014 CST

One thing’s for sure: If a small Los Angeles-based production company’s copyright infringement lawsuit against “Family Guy” creator Seth MacFarlane ever reaches trial, the oral testimonies will be quite colorful.

Insurance buyers should make greater use of analytics: Willis report

Published July 15, 2014 CST

While benefitting from overcapacity, corporate insurance buyers are lagging behind insurers in making greater use of analytics, says Willis Group Holdings P.L.C.

FedEx faces U.S. criminal charges over online pharmacies

Published July 18, 2014 CST

(Reuters) — FedEx Corp. was indicted Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing.

Tracy Morgan crash prompts scrutiny of trucker safety rules

Published July 20, 2014 CST

A Wal-Mart tractor-trailer whose allegedly fatigued driver hit a limousine last month, seriously injuring comedian Tracy Morgan and killing his friend, has brought fresh scrutiny of trucker safety as the industry tries to alter federal rules limiting drivers' time behind the wheel without rest.

Apple agrees to conditional $450M e-books antitrust accord

Published July 16, 2014 CST

(Reuters) — Apple Inc. has agreed to pay $450 million to resolve U.S. state and consumer claims the iPad manufacturer conspired with five major publishers to fix e-book prices.

Judge wants grocery chain held in contempt for ignoring disability bias decree

Published July 17, 2014 CST

A judge has recommended that the Supervalu Inc. supermarket chain be held in contempt of court and sanctioned for violating a court decree entered to resolve an Americans with Disabilities Act lawsuit against the firm.

U.S. official warns of lawsuit as Bank of America mortgage talks stall

Published July 17, 2014 CST

(Reuters) — A U.S. Department of Justice official issued a threat to Bank of America Corp., saying that banks under investigation for shoddy mortgage securities must admit to misconduct and pay penalties or face lawsuits.

Tracy Morgan sues Wal-Mart and its trucking unit for negligence

Published July 20, 2014 CST

Comedian Tracy Morgan is accusing Wal-Mart Stores Inc. with being “careless and negligent” in a lawsuit following an accident in the early morning of June 7 on the New Jersey Turnpike in which a Wal-Mart truck driver hit his limousine, killing one passenger and seriously injuring him and other passengers.

Insurers must pay MBIA's legal costs from restructuring: Court

Published July 18, 2014 CST

Lloyd’s of London syndicate underwriters, an American International Group Inc. unit and a German insurer are obligated to pay defense and settlement costs in connection with MBIA Inc.’s 2009 restructuring under the insurer’s financial institutions professional indemnity primary and excess policies, a federal court has ruled.

Big investors see cyber security as opportunity

Published July 16, 2014 CST

(Reuters) — Cyber attacks on U.S. businesses could be an opportunity for investors as companies spend money to upgrade their infrastructures, big-name money managers said Wednesday at a conference geared to sharing potential blockbuster ideas.

Aviation safety in spotlight after some airlines avoided Ukraine

Published July 18, 2014 CST

(Reuters) — Qantas Airways Ltd. and several other airlines altered their flight paths some time ago to avoid Ukrainian air space after fighting flared up in the region, raising questions about why others did not do the same.

EEOC’s release of updated pregnancy discrimination guidance raises concerns

Published July 20, 2014 CST

The decision last week by the U.S. Equal Employment Opportunity Commission to issue updated guidance for pregnancy discrimination has generated controversy as legal experts debate the scope and timing of the new rules.

Appeals court revives BP retirement-plan lawsuit

Published July 16, 2014 CST

(Reuters) — A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP p.l.c. employee retirement savings plans claimed they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster.

China to hold public trial of foreign couple who worked for GSK

Published July 17, 2014 CST

(Reuters) — China will try in public a foreign couple linked to drugmaker GlaxoSmithKline Plc. on charges of illegally obtaining private information, state media said, after the United States and Britain raised concerns about access to the trial.

Travelers sues NFL, insurers over former players' prescription drug lawsuit

Published July 14, 2014 CST

Travelers Cos. Inc. is suing the National Football League and more than two dozen other insurers in New York state court, saying it has no obligation to defend the NFL in a prescription drug-related lawsuit filed by more than 500 former players.

AIR updates severe thunderstorm storm model, adds crop hail model

Published July 16, 2014 CST

Catastrophe risk modeling firm AIR Worldwide has updated its severe thunderstorm model and released a crop hail model for the U.S.

OFF BEAT: Disgraced dictator Noriega wants cut of 'Call of Duty' profits

Published July 18, 2014 CST

Some guys just won’t stay down.

Wyndham ruling boosts FTC's authority to investigate cyber security breaches

Published April 27, 2014 CST

Companies can expect more Federal Trade Commission investigations of their data security practices as a result of a judge allowing the FTC to sue the Wyndham hotel chain on grounds it failed to protect customers' personal information.

Regulatory investigation coverage is available under cyber insurance policies

Published April 27, 2014 CST

Observers say coverage for regulatory investigations is available under cyber insurance policies.

'Smart' technology could make utilities more vulnerable to hackers

Published July 15, 2014 CST

(Reuters) — Last November, Felix Lindner came very close to shutting down the power supply of Ettlingen, a town of almost 40,000 people in the south of Germany.

Insurers struggle to get grip on burgeoning cyber risk market

Published July 14, 2014 CST

(Reuters) — Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check.

EEOC guidance updates pregnancy-related workplace rights

Published July 14, 2014 CST

The Equal Employment Opportunity Commission on Monday issued its first enforcement guidance regarding pregnancy discrimination since 1983.