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OFF BEAT: Cyber villain's process a testament to patience

Published November 25, 2014 - 1:55pm CST

As cyber attacks become increasingly common and sophisticated, it’s easy to imagine James Bond-style supervillains running megacomputers in labyrinthine underground fortresses gleefully attacking our favorite politicians, retailers and sandwich shops.

More companies extending LGBT-inclusive benefits to employees: Survey

By: Matt Dunning

Published November 25, 2014 - 1:48pm CST

The percentage of U.S. companies offering LGBT-inclusive health and retirement benefits continued to grow in 2014, according to new survey data from the Washington-based nonprofit Human Rights Campaign.

Cooper Gay launches Latin American energy practice

By: Shelby Livingston

Published November 25, 2014 - 11:10am CST

Cooper Gay Miami, the Latin American headquarters of London-based reinsurance broker Cooper Gay Swett & Crawford Ltd., has created a Latin American energy practice to provide facultative and treaty reinsurance for regional businesses in the oil and gas exploration and power generation sectors.

Marsh unit sets up U.K. terrorism insurance facility

By: Sarah Veysey

Published November 25, 2014 - 9:59am CST

Bowring Marsh, the specialist international placement arm of Marsh L.L.C., on Tuesday launched a U.K. terrorism insurance facility.

Property catastrophe insurance rates to drop at Jan. 1 renewals: Swiss Re

By: Sarah Veysey

Published November 25, 2014 - 9:55am CST

LONDON — Property catastrophe reinsurance rates likely will continue to fall at the upcoming Jan. 1 renewals, but the rate of decrease at subsequent renewals is likely to slow, according to a report by Swiss Re Ltd.

Suzanne Cureton named RMIA general manager

By: Sarah Veysey

Published November 25, 2014 - 9:43am CST

Suzanne Cureton has been appointed general manager of the Risk Management Institution of Australasia, RMIA announced Tuesday.

Honda admits under-reporting serious U.S. accidents since 2003

Published November 25, 2014 - 9:29am CST

(Reuters) — Honda Motor Co. failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.

Aramark risk manager Debra Rodgers honored

By: Bill Kenealy

Published November 25, 2014 - 9:13am CST

Aramark Corp. risk manager Debra Rodgers last week was awarded the 2014 Distinguished Leadership Award from the Insurance Society of Philadelphia.

GE will steer workers to Northwestern Memorial for hips and knees

By: Bob Herman, Modern Healthcare

Published November 25, 2014 - 9:01am CST

General Electric Co. has contracted with Northwestern Memorial Hospital to be one of GE's four centers of excellence for total hip and knee replacement surgeries.

PBGC to finalize rollover rule

By: Hazel Bradford, Pensions & Investments

Published November 24, 2014 - 3:15pm CST

Participants in defined contribution plans can combine those assets with their defined benefit plans without exceeding federal guarantee limits set by the Pension Benefit Guaranty Corp. under a rule to be finalized Tuesday.

RenRe acquisition of Platinum may signal trend in soft reinsurance market

By: Matthew Lerner

Published November 24, 2014 - 3:07pm CST

While RenaissanceRe Holdings Ltd.'s $1.9 billion purchase of fellow Bermuda reinsurer Platinum Underwriters Holdings Ltd. will bear specific fruit for the buyer, the deal is being driven at least in part by overall soft market conditions coupled with an abundance of capital — and may portend further deals.

Worker can't sue employer's insurer over amputated hand under Texas' opt-out law

By: Sheena Harrison

Published November 24, 2014 - 2:52pm CST

A man who was injured while working for a Texas employer who opted out of the state workers compensation system can't sue the company's liability insurer until his employer's liability toward him has been established.

Massachusetts insurance commissioner to join med mal insurer

By: Shelby Livingston

Published November 24, 2014 - 2:45pm CST

Massachusetts Insurance Commissioner Joseph Murphy plans to resign from his post to join the private sector in January.

HHS warns employers about skimpy health plans

By: Jerry Geisel

Published November 24, 2014 - 2:03pm CST

The HHS is warning employers that group health care plans that do not provide coverage for inpatient hospital and physician services will not pass the health reform law's “minimum value” test, the second federal agency to do so.

Winter storm insured losses could exceed $2.5B in 2014: III

By: Matthew Lerner

Published November 24, 2014 - 1:11pm CST

Insured losses from winter storms could exceed $2.5 billion in 2014 as severe storms gripped much of the nation last week, the Insurance Information Institute Inc. said Monday.