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Risk management an afterthought for many Brazilian firms: Speakers

By: Paul Bomberger

Published November 26, 2014 - 3:15pm CST

Rio de Janeiro, Brazil — Despite several major disasters since 2000, many companies in Brazil still aren't practicing smart risk management and don't buy insurance to cover most of their risks.

New York State Common Retirement Fund returns -0.52% for quarter

By: Robert Steyer

Published November 26, 2014 - 2:46pm CST

New York State Common Retirement Fund, Albany, returned -0.52% for the quarter ended Sept. 30, said Matthew Sweeney, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the pension fund.

Plant closed by ammonia discharge suffered direct physical property loss: Court

By: Matt Dunning

Published November 26, 2014 - 2:29pm CST

The sudden discharge of ammonia that temporarily closed a New Jersey-based manufacturer's plant qualifies as direct physical property loss or damage under New Jersey law, a federal judge has ruled.

Claims severity continues to rise in U.S. health care facilities: Study

By: Bill Kenealy

Published November 26, 2014 - 1:34pm CST

A study released by Zurich North America on Wednesday finds claims severity continuing to rise at U.S. health care facilities, while claim frequency has remained stable.

U.K. regulators approve Africa-focused reinsurer One Re

By: Matthew Lerner

Published November 26, 2014 - 11:45am CST

One Re Ltd., a nonlife Africa-focused reinsurer has been approved by U.K. regulators to do business in the United Kingdom, the company said Wednesday.

IN FOCUS Video: Veterans Working in Insurance

Published November 26, 2014 - 10:59am CST

In our latest video, we take a look at a program designed to help disabled military veterans transition into careers in the insurance industry.

Georgia Tsiakki named head of risk management at ArgoGlobal

By: Sarah Veysey

Published November 26, 2014 - 9:19am CST

Georgia Tsiakki has been appointed head of risk management at ArgoGlobal, the Lloyd's of London arm of Hamilton, Bermuda-based Argo Group International Holdings Ltd.

U.S. Fed plans enhanced capital standards for GE unit

Published November 26, 2014 - 9:11am CST

(Reuters) — The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system.

Austbrokers expands with New Zealand acquisitions

By: Sarah Veysey

Published November 26, 2014 - 9:00am CST

Australian brokerage network Austbrokers Holdings Ltd. acquired Auckland, New Zealand-based BrokerWeb Management Ltd., along with a 50% stake in BrokerWeb Risk Services Ltd., Austbrokers announced Tuesday.

New Jersey pension system funding plummets under new rule

Published November 26, 2014 - 8:41am CST

(Reuters) — New Jersey's retirement system for public employees is in worse shape than previously reported, thanks to recent accounting changes that are starting to be rolled out across the country.

Skuld adds full marine coverages to London offerings

By: Shelby Livingston

Published November 25, 2014 - 3:07pm CST

Protection and indemnity club Assuranceforeningen Skuld has extended its full roster of marine insurance products to the firm's London office.

Washington state workers comp rates to increase 0.8% in 2015

By: Sheena Harrison

Published November 25, 2014 - 2:55pm CST

Workers compensation advisory rates for Washington state businesses will increase 0.8% in 2015, the state Department of Labor & Industries said Tuesday.

Best puts RenaissanceRe on negative review pending Platinum deal

By: Matthew Lerner

Published November 25, 2014 - 2:31pm CST

Financial ratings agency A.M. Best Co. Inc. has placed certain units of RenaissanceRe Holdings Ltd. under review with negative implications in the wake of its $1.9 billion offer to buy Platinum Underwriters Bermuda Ltd., saying RenRe's move into casualty lines is outside of its core competency.

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.

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