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Most Read Specialty Risks News

Travelers sues P.F. Chang's to avoid paying breach costs

Published October 13, 2014 CST

A Travelers Cos. unit has filed suit against P.F. Chang's China Bistro Inc. seeking a judicial declaration that it is not obligated to provide indemnity coverage or defense costs in connection with a data breach announced earlier this year.

Brokers launch business interruption cover for Ebola, other pandemics

Published October 15, 2014 CST

Miller Insurance Services L.L.P. and William Gallagher Associates Insurance Brokers Inc. on Wednesday launched a pandemic disease business interruption insurance coverage product.

Brokers, insurers need to offer relevant insurance to prosper: Panel

Published October 13, 2014 CST

COLORADO SPRINGS, Colorado – Insurers and brokers need to offer relevant products to add value for insurance buyers if they are to prosper in an environment where nontraditional capital continues to enter the market.

EEOC suits contend wellness programs violate disability law

Published October 12, 2014 CST

The EEOC recently filed lawsuits against two Wisconsin companies that underscore the need for more clarity on rules that govern employers' use of financial incentives to motivate employee participation in workplace wellness programs.

Kmart removes malware called undetectable by anti-virus systems

Published October 14, 2014 CST

Kmart's payment data systems have been infected with a form of malware that is undetectable by current anti-virus systems, says its parent company, Sears Holdings Corp.

Berkshire-owned Dairy Queen says customer data hacked in 46 states

Published October 10, 2014 CST

(Reuters) — Ice cream and fast-food restaurant chain Dairy Queen has confirmed a security breach that may have compromised the payment card information of customers at several hundred locations across 46 U.S. states.

Business Insurance names 2014 Women to Watch

Published October 08, 2014 CST

Business Insurance on Wednesday announced the honorees for its 2014 Women to Watch recognition program.

New Poodle web threat not seen as menacing as Heartbleed, Shellshock

Published October 15, 2014 CST

(Reuters) — Google Inc. researchers have uncovered a security bug in web encryption technology that they say could allow hackers to take over accounts for email, banking and other services in what they have dubbed a “Poodle” attack.

Canada condo boom rolls on as buildings fall apart

Published October 13, 2014 CST

(Reuters) — While Toronto's housing boom rolls on, some of the housing itself is falling apart.

FedEx vows fight over EEOC charges of bias against hearing-impaired workers

Published October 13, 2014 CST

The Equal Employment Opportunity Commission has filed a lawsuit against a unit of FedEx Corp., charging it with discriminating nationwide against a large class of deaf and hard-of-hearing package handlers and job applicants by failing to accommodate them.

NAS offers coverage for Ebola-related business closures

Published October 17, 2014 CST

NAS Insurance Services Inc. is offering a new insurance program for businesses facing the possibility of government-mandated closure because of the presence of Ebola.

Employee delivery drivers can’t be reclassified as contractors, court rules

Published October 17, 2014 CST

Delivery drivers who went from being classified as employees to independent contractors can rely on the California Industrial Welfare Commission's definition of “employee” for claims that fall within the scope of its wage orders, California's 2nd District Court of Appeal ruled.

OFF BEAT: House is built, but there’s a lot of trouble

Published October 15, 2014 CST

A house is only as good as the lot it sits on. And when that lot belongs to the neighbors, it’s not much good.

Supreme Court to rule on EEOC cases, BP oil spill and World War II fraud law

Published October 12, 2014 CST

The U.S. Supreme Court's October term opened with the justices poised to consider a handful of risk management-related cases.

TD Bank to pay $850K in multi-state settlement over 2012 breach

Published October 15, 2014 CST

(Reuters) — TD Bank N.A. agreed to pay $850,000 and reform its practices to resolve a nine-state probe of a 2012 data breach, New York Attorney General Eric Schneiderman said on Wednesday.

OFF BEAT: Man denies inventing bitcoin; seeks bitcoins, cash to fund lawsuit

Published October 14, 2014 CST

A California man who claims he was falsely identified by Newsweek magazine as the inventor of bitcoin is seeking donations, in the form of credit card payments, checks and bitcoins, to fund a lawsuit against the news outlet.

Connecticut police win immunity from sex bias charges

Published October 06, 2014 CST

A federal appeals court has overturned a lower court and ruled that four New Britain, Connecticut, police officers have qualified immunity from being charged with sex discrimination.

Swiss Re to cover product contamination or failure in U.K., Ireland, Italy

Published October 13, 2014 CST

Swiss Re Corporate Solutions will offer contaminated products insurance to manufacturers, retailers and distributors in the food and drink industries in the United Kingdom, Ireland and Italy, the Zurich, Switzerland-based reinsurance company announced Monday.

Photo-saving service Snapsaved.com claims hackers stole Snapchat images

Published October 13, 2014 CST

(Reuters) — Snapsaved.com, a website which allows users to save images sent via Snapchat, claimed on Monday that hackers had breached its servers and made off with about 500 megabytes of photographs.

U.S. Supreme Court justices divided over Teva patent battle

Published October 15, 2014 CST

(Reuters) — The U.S. Supreme Court on Wednesday appeared closely divided as it weighed Teva Pharmaceutical Industries Ltd.’s high-profile fight with generic drug manufacturers over patent protections for Copaxone, its top-selling multiple sclerosis drug.

OFF BEAT: Trading on Eagles’ name can endanger a company

Published October 13, 2014 CST

One thing corporations should know about members of soft rockers The Eagles, is that they are unlikely to “take it easy” if they feel that their image or intellectual property rights have been infringed.

Russian hackers target NATO, Ukraine and others: iSight

Published October 14, 2014 CST

(Reuters) — Russian hackers exploited a bug in Microsoft Windows and other software to spy on computers used by NATO, the European Union, Ukraine and companies in the energy and telecommunications sectors, according to cyber intelligence firm iSight Partners.

Supervalu says malware affects four stores in Minnesota

Published September 30, 2014 CST

(Reuters) — Supermarket chain Supervalu Inc. has reported a second attack against its payment systems barely two months after it said it was investigating a potential data breach.

SEC's Piwowar takes a swing at 'broken windows' enforcement policy

Published October 14, 2014 CST

(Reuters) — A top U.S. Securities and Exchange Commission official said on Tuesday the agency’s the “broken windows” enforcement strategy, of pursuing violations big or small, hinders its ability to set priorities and maintain robust, healthy markets.

Unproven startups carry extra D&O risks

Published October 12, 2014 CST

The directors and officers liability market for coverage related to initial public offerings is stable and coverage is adequate, but insurers may take a closer look at IPOs brought under the Jumpstart Our Business Startups Act.