Business Insurance

Login  |  Register Subscribe



Most Read Specialty Risks News

Request for accommodation by disabled med school applicant exceeds ADA: Court

Published November 18, 2014 CST

A disabled medical school applicant's request for accommodation exceeds what is required under the Americans with Disabilities Act, says a federal appeals court.

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.

Maryland firm to pay $415K to settle EEOC race, gender bias case

Published November 17, 2014 CST

A Maryland environmental remediation services firm has agreed to pay $415,000 to settle a U.S. Equal Employment Opportunity Commission race, gender discrimination and harassment lawsuit.

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.

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.

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.

Apple $450M e-book settlement gets final court approval

Published November 21, 2014 CST

(Reuters) — A U.S. judge on Friday gave final approval to Apple Inc.'s agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.

Court reinstates bias case of female teacher barred from negotiating salary

Published November 17, 2014 CST

A federal appeals court has reinstated Equal Pay Act and sex discrimination charges against a community college in a case where a male job applicant was permitted to negotiate his salary but a female applicant was not.

OFF BEAT: Stones, Lloyd’s insurers settle claim for canceled Down Under tour

Published November 18, 2014 CST

Cathedral Capital Ltd.’s Lloyd’s of London syndicate 2010 led the insurers settling a claim brought by rock group The Rolling Stones following the band’s cancelation of a tour to Australasia.

Zynga's chairman, directors must face lawsuit over stock sales: Court

Published November 18, 2014 CST

(Reuters) — Mark Pincus, the founder of video game company Zynga Inc., must face a lawsuit alleging he unfairly benefited by selling $192 million of stock in 2012.

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.

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.

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.

NYC pays ex-fast-food worker $437,000 to settle Big Mac glass case

Published November 21, 2014 CST

(Reuters) — A former McDonald's worker accused and later cleared of putting glass shards in a police officer's hamburger will be paid a $437,000 settlement by the city of New York, authorities said on Friday.

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.

J&J seeks over $5B in damages from Boston Scientific at trial

Published November 19, 2014 CST

(Reuters) — Nearly a decade after losing a bidding war for device maker Guidant to Boston Scientific Corp., Johnson & Johnson finally has a chance for payback at a multibillion-dollar trial.

Hub International launches entertainment industry practice

Published November 13, 2014 CST

Middle-market broker Hub International Ltd. is launching an entertainment practice to focus on providing risk management and insurance solutions for all segments of the entertainment industry

EEOC private-sector bias charges decrease in 2014: Report

Published November 18, 2014 CST

The U.S. Equal Employment Opportunity Commission received a total of 88,778 private-sector charges of discrimination in fiscal year 2014, a decrease of about 5,000 from fiscal year 2013's total, according to a report issued by the agency Tuesday.

Grocery wholesaler to pay $735K for allowing racial harassment of workers

Published November 20, 2014 CST

A federal district judge has entered a $735,000 consent decree resolving a race harassment lawsuit, in which the Equal Employment Opportunity Commission charged a Chicago grocery wholesaler with tolerating a racially hostile workplace.

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.

Cyber, political risks top concerns among European energy industry execs

Published November 18, 2014 CST

Political and cyber risks are among the major concerns of companies in the power industry in Europe, according to a study published Tuesday by Marsh L.L.C.

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.

California's Prop 46 could boost medical professional liability rates

Published October 21, 2014 CST

Passage of California's Proposition 46 could result in higher medical professional liability insurance rates, according to a study released by A.M. Best Co. Inc. on Tuesday.

OFF BEAT: Sheriff blinks in showdown with cyber stick-up man

Published November 14, 2014 CST

A Tennessee sheriff’s department reportedly faced a virtual stick-up earlier this month from a cyber robber that charged the agency a ransom of nearly $600 in bitcoins.

Whistleblower tips to SEC up 10% in 2014

Published November 19, 2014 CST

The number of whistleblower tips and complaints to the U.S. Securities and Exchange Commission's Office of the Whistleblower increased 10.1% from the previous year to 3,620 in fiscal year 2014.