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Subscriber only, premium content. Tuesday, March 31

Most Recent News

Lufthansa flight school knew of crash pilot's depression

Published March 31, 2015 - 4:47pm CST

(Reuters) — The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school in 2009 that he had gone through a period of severe depression, the airline said on Tuesday.

North Dakota's new oil train safety checks seen missing risks

Published March 31, 2015 - 4:24pm CST

(Reuters) — New regulations to cap vapor pressure of North Dakota crude fail to account for how it behaves in transit, according to industry experts, raising doubts about whether the state’s much-anticipated rules will make oil train shipments safer.

Lead insurer for Air Canada crash identified

By: Judy Greenwald

Published March 31, 2015 - 2:58pm CST

Global Aerospace Underwriting Managers Ltd. is the lead insurer for Air Canada, whose plane was severely damaged early Sunday when it landed in bad weather short of the runway at Halifax Stanfield International Airport, the underwriter confirmed Tuesday.

Supreme Court hesitant to extend Spider-Man toy royalties

Published March 31, 2015 - 1:55pm CST

(Reuters) — A Spider-Man toy that shoots out webs of foam was at the center of a U.S. Supreme Court hearing on Tuesday, with the justices appearing little inclined to overturn a half-century-old legal precedent to allow more royalty fees to go to its inventor.

Hurricane-strength winds pummel Europe, four killed

Published March 31, 2015 - 1:32pm CST

(Reuters) — At least four people were killed on Tuesday when hurricane-force winds lashed northern Europe in one of the most severe storms in years, forcing flights to be cancelled and disrupting road, train and marine traffic.

Speedway clerk gets only medical costs for back bruised in attack

By: Stephanie Goldberg

Published March 31, 2015 - 1:00pm CST

A Speedway L.L.C. sales clerk who suffered a compensable back bruise when she was assaulted on the job is not entitled to vocational rehabilitation services or a functional capacity evaluation, West Virginia’s Supreme Court of Appeals has ruled.

Politics, conflict undermine supply chains

By: Matthew Lerner

Published March 31, 2015 - 12:01pm CST

Ukraine and Thailand pose substantial supply chain exposures, while Taiwan has improved its supply chain resiliency, according to FM Global's 2015 Global Resilience Index, released Tuesday.

Risk Management Association names new CFO

By: Shelby Livingston

Published March 31, 2015 - 11:34am CST

The Risk Management Association on Tuesday said it has named Heidi K. Turley as chief financial officer.

New spy software in 10 countries came from Lebanon

Published March 31, 2015 - 10:52am CST

(Reuters) — A security company has discovered a computer spying campaign that it said "likely" originated with a government agency or political group in Lebanon, underscoring how far the capability for sophisticated computer espionage is spreading beyond the world's top powers.

AIG to sell $500 million in shares of Chinese insurer

By: Mark A. Hofmann

Published March 31, 2015 - 10:07am CST

American International Group Inc. plans to sell 256 million shares of China's PICC Property & Casualty Co. Ltd. for about $500 million.

Supreme Court to hear case on insurer reimbursements

By: Lisa Schencker, Modern Healthcare

Published March 31, 2015 - 9:21am CST

The Supreme Court announced Monday it would hear the case of Montanile v. Board of Trustees of the National Elevator Industry Health Benefit Plan. The case asks, if a plan's beneficiary wins money in court for an injury but then spends it, should the beneficiary still have to reimburse his or her insurance plan for medical expenses it paid?

Bulgaria plans gradual rise in retirement age, pension payments

Published March 31, 2015 - 9:13am CST

(Reuters) — Bulgaria will gradually raise its retirement age and social payment contributions, the government said on Tuesday, as the European Union's poorest country struggles to fund pensions for a shrinking and aging population.

Endurance to buy reinsurer Montpelier to add Lloyd's platform

Published March 31, 2015 - 8:38am CST

(Reuters) — Property/casualty insurer Endurance Specialty Holdings Ltd. will buy reinsurer Montpelier Re Holdings Ltd. for about $1.83 billion to expand into the Lloyd's of London underwriting business.

NFL players sue over health issues

Published March 30, 2015 - 4:47pm CST

Chris Borland, a 24-year-old linebacker for the San Francisco 49ers, retired from the NFL in March to protect his health, an issue over which several current and former players have sued the league.

W.R. Berkley to merge two U.S. reinsurer units

By: Shelby Livingston

Published March 30, 2015 - 4:04pm CST

W.R. Berkley Corp. on Monday announced it will merge its two U.S. reinsurance underwriting units, Berkley Re America L.L.C. and Facultative ReSources Inc.