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Most Read Specialty Risks News

Home Depot has $105 million in cyber insurance to cover data breach

Published September 14, 2014 CST

Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured retention, market sources say.

Home Depot, Apple cyber attacks highlight variety of methods used by hackers

Published September 14, 2014 CST

Recent cyber attacks against Home Depot and Apple highlight the variety of methods hackers can use to steal sensitive customer data, as well the crisis management strategies companies can take in the wake of an attack.

Home Depot has $105M in cyber insurance for data breach, $10M from AIG: Sources

Published September 12, 2014 CST

Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured retention, market sources say.

Employers' wearable device policies should control and restrict use

Published September 14, 2014 CST

Employer policies addressing wearable devices should be adapted to each workplace and incorporate who is permitted to use the devices, when they can and cannot be used, and where they can and cannot be used.

Wells Fargo Bank settles EEOC same-sex harassment suit for $290,000

Published September 16, 2014 CST

Wells Fargo Bank N.A. has agreed to pay $290,000 to settle a U.S. EEOC lawsuit in which the bank was charged with creating a sexually hostile work environment at one of its branches.

Wearable devices soar in popularity and pose new privacy risks to employers

Published September 14, 2014 CST

Employers should prepare for thorny privacy and liability issues likely to emerge with the growing popularity of wearable devices, such as Google Glass, and their inevitable appearance in the workplace.

App developers seek clearer U.S. health data privacy guidelines

Published September 16, 2014 CST

(Reuters) — Developers of apps for mobile devices are asking a U.S. agency to clarify its rules for protecting patient health information to reflect the fast-evolving technology.

Navigators launches cyber liability and data breach insurance

Published September 16, 2014 CST

The Navigators Group Inc.'s principal underwriting agency subsidiary, Navigators Management Co. Inc., has introduced a new cyber liability and privacy/data breach coverage product called NAVSecure.

Willis names former Marsh exec Scott Hull as head of surety

Published September 15, 2014 CST

Willis Group Holdings P.L.C. has named former Marsh L.L.C. executive Scott Hull as executive vice president and head of surety.

Wilson Sonsini tech engineer charged with insider trading

Published September 16, 2014 CST

(Reuters) — An information technology engineer at Wilson Sonsini Goodrich & Rosati was arrested Tuesday and charged with insider trading on information he learned while working at the prominent Silicon Valley law firm.

Specialty insurer Brit launches coverage for cyber attacks

Published September 15, 2014 CST

Specialty insurer and reinsurer Brit P.LC. is leading several Lloyd’s of London syndicates to offer up to $250 million of first-party cyber coverage to protect companies’ critical operating infrastructure and industrial machinery from terrorist and other malicious attacks, such as sabotage, espionage and theft.

OFF BEAT: Author claims writer plagiarized her romance book, added sex

Published September 12, 2014 CST

Hell hath no fury like a romance novelist scorned.

Auto parts chain resolves EEOC charge of female manager harassing male worker

Published September 12, 2014 CST

An automotive parts chain has agreed to pay $35,000 under a consent decree to resolve a U.S. Equal Employment Opportunity Commission sexual harassment case in which a female store manager was accused of harassing a male worker, the agency said Friday.

McCormick & Schmick's resolves EEOC race discrimination suit for $1.3M

Published September 15, 2014 CST

Restaurant chain McCormick & Schmick's Seafood Restaurants Inc. has agreed to pay $1.3 million to resolve an EEOC-class race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission in which it was charged with refusing to hire African-Americans for front-of the-house positions at its two Baltimore restaurant locations.

Allergan reaches truce with suitors on special shareholder meeting

Published September 16, 2014 CST

(Reuters) — Allergan Inc. and its suitors Pershing Square Capital Management and Valeant Pharmaceuticals Inc. settled their pending litigation before the Delaware Court of Chancery and agreed to hold a special shareholder meeting on the originally scheduled date of Dec. 18.

JPMorgan says no cyber attack-related customer fraud seen

Published September 12, 2014 CST

(Reuters) — JPMorgan Chase & Co. said it had not seen any unusual customer fraud related to a recent cyber attack on the bank.

Federal agencies make common errors in discrimination claim filings: EEOC

Published September 15, 2014 CST

A total of 81% of discrimination cases dismissed by federal agencies and subsequently overturned on appeal to the U.S. EEOC involve either failure to state a claim or failure to comply with regulatory time limitations.

DOL proposes rule for more contractor pay transparency

Published September 15, 2014 CST

The U.S. Department of Labor announced Monday a proposed rule that would prohibit federal contractors from maintaining pay secrecy policies.

Governments pressure Google for more user information

Published September 15, 2014 CST

(Reuters) — Google Inc. said it was facing increasing pressure from governments around the world to reveal user information in criminal investigations amid ongoing revelations about national surveillance programs.

Chinese hacked U.S. military contractors, Senate probe finds

Published September 17, 2014 CST

(Reuters) — Hackers associated with the Chinese government have repeatedly infiltrated the computer systems of U.S. airlines, technology companies and other firms involved in the movement of U.S. troops and military equipment, a U.S. Senate panel has found.

Mexican companies sue Yahoo, law firm, over $2.7B judgment

Published September 12, 2014 CST

(Reuters) — Two Mexican companies have sued Yahoo Inc. and law firm Baker & McKenzie in New York federal court, accusing them of engineering a conspiracy to avoid a $2.7 billion judgment issued by a Mexican court in 2012.

JPMorgan Chase replaces some credit cards after Home Depot breach

Published September 17, 2014 CST

(Reuters) — JPMorgan Chase & Co. is replacing some credit and debit cards following the security breach at Home Depot Inc., a company spokesman said.

Scott Thomas to lead specialty property/casualty lines at Schinnerer

Published September 17, 2014 CST

Victor O. Schinnerer & Co. has named Scott P. Thomas senior vice president and senior underwriting manager leading the property/casualty segment of the architects and engineers program and the international property/casualty program of the underwriting manager.

Standardized technology would benefit excess and surplus lines: NAPSLO speaker

Published September 17, 2014 CST

ATLANTA — The lack of standardized technologies is a primary source of inefficiency in excess and surplus lines, according to speakers at the National Association of Professional Surplus Lines Offices Ltd.'s annual conference in Atlanta.

Bankrate reveals SEC probe, says CFO has resigned

Published September 15, 2014 CST

(Reuters) — Bankrate Inc., which runs websites comparing personal finance packages, said U.S. regulators were investigating its financial reporting during 2012 and that its chief financial officer of eight years had resigned, effective immediately.