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Most Read Specialty Risks News

Insurers fight to bar cyber coverage under commercial general liability policies

Published October 26, 2014 CST

Recent legal efforts by insurers to bar cyber coverage under commercial general liability policies signal a new coverage battle between insurers and policyholders as costly data breaches proliferate.

Captives may help with emerging Ebola, cyber risks

Published October 27, 2014 CST

Captives can be a useful tool to help insure and manage emerging threats in the health care industry, such as cyber risks and the Ebola virus, a panel of captive and health care industry experts said Monday.

Dallas company to pay $499,000 for sexual harassment, retaliation firings

Published October 27, 2014 CST

A jury for the U.S. District Court, Northern District of Texas, has awarded three former employees of a Dallas-based physician services provider nearly $500,000 in a sexual harassment and retaliation lawsuit by the EEOC.

Insurance broker Aon launches Ebola liability cover

Published October 28, 2014 CST

(Reuters) — U.S. insurance broker Aon has launched Ebola liability cover for hospitals and other health care institutions, the company said on Tuesday.

Public companies could face shareholder litigation over Ebola-related losses

Published October 26, 2014 CST

Public companies could face shareholder litigation over Ebola-related losses if the U.S. outbreak becomes a wider pandemic, insurance and legal sources warn.

While executives more aware of cyber risks, only half buy insurance

Published October 28, 2014 CST

A survey Zurich Insurance Group Ltd. and Advisen Ltd. released Tuesday finds the recognition of cyber risk rising among risk managers and corporate boards, but the purchase of cyber liability insurance is leveling off.

Malpractice suits often tap electronic medical records

Published October 27, 2014 CST

Electronic medical records can save money and improve medical outcomes, but using them incorrectly can create significant liability problems for health care providers, medical malpractice defense attorneys said.

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.

Medical liability claims flat, but loss rates rising

Published October 28, 2014 CST

Hospitals will not be “fighting fires” concerning their professional liability insurance costs next year, said a co-author of a just-released study on the issue. “Things are pretty flat; things are pretty benign," said Erik Johnson.

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.

Engage families to improve patients' care: Panelists

Published October 28, 2014 CST

Health care organizations should engage the families of patients to improve medical outcomes and experiences while reducing potential medical provider liabilities, a group of medical experts said Tuesday.

Jury awards one-armed security guard $35,922 in EEOC discrimination case

Published October 24, 2014 CST

A federal jury in Miami has awarded a one-armed security guard $35,922 in a U.S. Equal Employment Opportunity Commission discrimination case over his removal from his post after a customer complained about his disability.

U.S. airlines point to additional problems of any Ebola travel ban

Published October 29, 2014 CST

(Reuters) — U.S. airlines have said little publicly about political pressure to close the country's borders to travelers from Ebola-ravaged countries in West Africa, but in private they have briefed government officials about the challenges to implementing a ban, industry sources told Reuters.

Training, simplified processes trim hospital lab errors

Published October 28, 2014 CST

Training hospital staff to have patients state their name and birth date before a specimen is taken and refusing to accept specimens before they are properly labeled are effective ways to reduce diagnostic errors, an expert said.

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.

Dialysis firm to pay $350M to settle physician kickback charges

Published October 23, 2014 CST

A national dialysis services provider has agreed to pay $350 million to settle a whistleblower lawsuit involving charges that it violated the False Claims Act by paying kickbacks to induce physicians to refer patients to its clinics.

Insurance sector falls short on addressing climate change: Report

Published October 22, 2014 CST

The insurance industry has shown a “profound lack of preparedness” in addressing climate-related risk and opportunities, says a report on a survey conducted by an advocacy group.

Northrop must face whistleblower anti-missile lawsuit

Published October 24, 2014 CST

(Reuters) — A Chicago federal judge on Thursday rejected Northrop Grumman Corp.'s bid to dismiss a lawsuit by a former employee who accused the defense contractor of defrauding the U.S. government in performing a contract to develop a missile defense system for commercial aircraft.

Financial institutions identify cyber risk as major concern: Survey

Published October 23, 2014 CST

A total of 84% of global financial institutions identified cyber risk as one of their top five concerns in a third-quarter survey by Depository Trust & Clearing Corp.

Canada tightens train handbrake rules, will impose 'audit blitz'

Published October 29, 2014 CST

(Reuters) — Canada will require railways to secure unattended trains with a minimum number of handbrakes and other physical defenses to prevent runaways, Canada’s transport ministry said on Wednesday in its latest response to last year’s deadly crash in Quebec.

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.

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.

U.S. appeals court rules for GM in Spyker's Saab sale lawsuit

Published October 24, 2014 CST

(Reuters) — General Motors Co. persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker N.V. accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.

Q&A: Ben Beeson, Lockton Cos. L.L.C.

Published September 28, 2014 CST

The highly-publicized theft of consumer data from retail giants Target Corp. and The Home Depot Inc., as well as the leak of personal photos stored on Apple Inc.'s iCloud service, has brought new attention to the issue of cyber risk. In a recent conversation with Business Insurance Associate Editor Bill Kenealy, Ben Beeson, Washington-based vice president of cyber security and privacy at Lockton…

Justice Department to increase focus on cyber threat, economic espionage

Published October 22, 2014 CST

The Justice Department is making strategic changes to put additional focus on the protection of national assets from the threat of state-sponsored economic espionage and proliferation, including through cyberspace.