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FedEx has $5M in primary coverage for deadly California truck-bus crash

Published April 11, 2014 CST

FedEx, whose tractor-trailer reportedly crossed a center divide on Thursday, slamming into a chartered bus carrying high school students and killing 10 people, has a $5 million combined single limit policy with Protective Insurance Co.

Cyber risks lurk far beyond organizations' own walls: Report

Published April 16, 2014 CST

WASHINGTON — Current cyber risk management does not give much consideration to “digital distant perfection” — the aggregation of cyber risks that can lie far beyond an organization's own four walls.

U.S. retailers plan to share cyber threat data after Target attack

Published April 14, 2014 CST

(Reuters) — U.S. retailers are planning to form an industry group for collecting and sharing intelligence about cyber security threats in the wake of last year's big attack on Target Corp.

EEOC lawsuit on behalf of diabetic Walgreen employer can proceed: Judge

Published April 17, 2014 CST

A disability discrimination lawsuit filed on behalf of an 18-year Walgreen Co. worker with diabetes who was terminated after she allegedly ate a bag of chips without paying for it to stave off a low-blood sugar attack, can proceed, says a federal court.

OFF BEAT: French tech workers refuse to surrender their free time

Published April 17, 2014 CST

Are you tired of getting emails from your boss outside of working hours? Then you should consider moving to France and getting a job in the tech industry.

Canadian charged in 'Heartbleed' attack on tax agency

Published April 16, 2014 CST

(Reuters) — Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website, the Royal Canadian Mounted Police said Wednesday.

ISO online pricing tool caters to excess and surplus market

Published April 16, 2014 CST

Jersey City, N.J.-based Insurance Services Office Inc. on Wednesday unveiled ISO Rapid Valuator, a new pricing tool for commercial excess and surplus insurance underwriters.

Few merger and acquisition lawsuits lead to big money: Study

Published April 17, 2014 CST

Only 2% of lawsuits filed in response to merger and acquisition deals that settled in 2013 produced significant monetary returns for shareholders, says a new study by Cornerstone Research Inc.

Judge rejects NCAA's gender argument in college athletes' likeness rights suit

Published April 17, 2014 CST

The NCAA cannot justify its policy against paying student-athletes for the licensed use of their likenesses for broadcasts and merchandising by arguing that the policy ultimately supports women's college athletic programs, a federal judge ruled last week.

BP employee settles SEC insider-trading gulf oil spill case

Published April 17, 2014 CST

(Reuters) — A former 20-year veteran of BP P.L.C. who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday.

Private colleges' employment policies pressured by Northwestern NLRB ruling

Published April 13, 2014 CST

Private universities worried that their scholarship student athletes might follow Northwestern University football players' lead should re-evaluate their policies, experts say.

Canada taxpayer data stolen in Heartbleed breach

Published April 14, 2014 CST

(Reuters) — Canada's tax-collection agency reported on Monday that the private information of some 900 people had been stolen from its computer systems as a result of vulnerabilities caused by the Heartbleed bug.

Starr Indemnity & Liability added to Treasury list of surety companies

Published April 16, 2014 CST

New York-based Starr Cos. on Wednesday said its Starr Indemnity & Liability Co. has been added to the list of approved surety companies by the U.S. Treasury Department.

Northwestern NLRB student-athlete ruling spotlights school employment practices

Published April 13, 2014 CST

Northwestern University's exposure to employment practices liability could broaden significantly even as it battles with the National Labor Relations Board over whether scholarship student-athletes qualify as employees.

OFF BEAT: Elvis estate all fired up over firearms marketing ploy

Published April 15, 2014 CST

A gunmaker’s new Elvis-based marketing campaign has left the King’s heirs all shook up.

Marine insurers prepare to cover huge cargo shipments as Panama Canal expands

Published April 13, 2014 CST

The ongoing multibillion-dollar expansion of the Panama Canal carries a host of risks for the marine insurance industry as larger and higher valued ships will travel the 50-mile waterway with much bigger loads.

Employers still ask applicants about criminal convictions: Survey

Published April 10, 2014 CST

Most employers continue to ask candidates to self-disclose past criminal convictions on job applications, even though the U.S. Equal Employment Opportunity Commission recommends against it and there are state and municipal laws that outright ban the practice, a new survey says.

COMMENTARY: Companies must be wary of too much disclosure via social media

Published April 13, 2014 CST

As a regular viewer of the TV show “Downton Abbey,” I was interested to read a couple of weeks ago about series writer Julian Fellowes upbraiding the cast for careless use of social media.

Hull and liability aviation rates down 10% at renewals: Aon

Published April 16, 2014 CST

Rates for lead hull and liability aviation insurance fell by an average of 10% during renewals that took place in 2013, according to a report published Wednesday by Aon P.L.C.

SEC warns firms to be cautious about disclosing information over social media

Published April 13, 2014 CST

The U.S. Securities and Exchange Commission and the Federal Trade Commission are among the federal agencies that pay particular attention to businesses' use of social media.

Social media can provide hackers with access to corporate computer systems

Published April 13, 2014 CST

Social media, which already pose a series of risks for companies, have become the darling of hackers trying to gain access to corporate computer systems.

Patent firm RPX gets OK to act as Lloyd’s of London coverholder

Published April 16, 2014 CST

Patent risk management solutions company RPX Corp. has received approval to act as a coverholder at Lloyd’s of London, RPX announced Wednesday.

Property/casualty insurance rates to decline, but some lines uncertain: Willis

Published April 09, 2014 CST

Commercial property/casualty insurance buyers should see modest improvements in market conditions over the remainder of 2014, though external factors are causing instability in some coverage lines, according to a new report from Willis Group Holdings P.L.C.

NLRB keeps an eye out for employer backlash on workers' social media posts

Published April 13, 2014 CST

Unionized and nonunionized employers alike must avoid disciplining workers for any social media postings that touch on general work conditions or risk an adverse ruling from the National Labor Relations Board.

School district would have to lay off teachers to comply with EEOC: Attorney

Published April 11, 2014 CST

A school district would have had to lay off school teachers to comply with U.S. Equal Employment Opportunity Commission demands in an age discrimination charge filed against it because of its early retirement incentive plan, says the district's attorney.