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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.

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.

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.

Ironshore expanding into agriculture sector

Published October 20, 2014 CST

Ironshore International, a unit of Hamilton, Bermuda-based Ironshore Inc., said Monday it plans to enter the agriculture sector, offering capacity limits of up to $10 million, with the appointment of a divisional director.

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.

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.

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.

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.

Appeals court clears Nationwide of age and race bias charges

Published October 21, 2014 CST

A federal appeals court has overturned a jury verdict and ruled Nationwide Mutual Insurance Co. is not liable for age and race discrimination charges in connection with its termination of two sales managers.

U.S. government probes medical devices for possible cyber flaws

Published October 22, 2014 CST

(Reuters) — The U.S. Department of Homeland Security is investigating about two dozen cases of suspected cyber security flaws in medical devices and hospital equipment that officials fear could be exploited by hackers, a senior official at the agency told Reuters.

Wall Street urges U.S. regulators' joint cybersecurity approach

Published October 20, 2014 CST

(Reuters) — Wall Street’s top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry.

Record claims to boost price of insuring airplanes against attack

Published October 21, 2014 CST

(Reuters) — Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year.

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.

Starr Cos. expands cyber insurance offerings

Published October 21, 2014 CST

Starr Cos. is introducing primary cyber insurance that provides coverage for both first- and third-party costs, the New York-based insurer said.

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.

OFF BEAT: ‘Simpsons’ lawsuit claims cartoon imitates ‘Goodfellas’ character

Published October 23, 2014 CST

If gangster “Louie” on “The Simpsons” cartoon reminds you of someone, you’re not alone.

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.

China-backed hackers target Apple's iCloud users: Blog

Published October 21, 2014 CST

(Reuters) — Apple Inc.'s iCloud storage service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the Beijing government is behind the campaign.

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.

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.

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.

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.

Staples says probing possible payment card data breach

Published October 21, 2014 CST

(Reuters) — Staples Inc. is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyber attack.

Russia ruled out as culprit in Chase cyber security breach, U.S. officials say

Published October 21, 2014 CST

(Reuters) — The Russian government has been ruled out as sponsor of a cyber attack on JPMorgan Chase & Co. disclosed in August, U.S. law enforcement officials said Monday.

OFF BEAT: Art’s value in eyes of the beholder

Published October 21, 2014 CST

Ever wonder who is worth more — the world’s most famous portrait or one of the showbiz world’s power couples?