Business Insurance

Login  |  Register Subscribe



Most Recent News

Willis partners with sleep health management specialist FusionHealth

By: Kate Shepherd

Published August 21, 2014 - 3:00pm CST

Willis North America Inc. has partnered with Atlanta-based sleep health management solutions provider FusionHealth to help firms reduce risks associated with sleep disorders.

Howden offers insurance coverage for mine collapse rescues

By: Kate Shepherd

Published August 21, 2014 - 2:57pm CST

Howden Insurance Brokers Ltd., a unit of Hyperion Insurance Group Ltd., has launched a stand-alone insurance product that mitigates the costs of rescue in a mine collapse.

Malware breach at 51 UPS stores 'fully contained': Company

By: Judy Greenwald

Published August 21, 2014 - 2:38pm CST

The UPS Store Inc. said Wednesday that customer data at 51 of its franchised stores in 24 states may have been breached, although the situation is now contained and there is no evidence to date of fraud.

Former Aeropostale exec gets 8 years in prison over kickbacks

Published August 21, 2014 - 2:10pm CST

(Reuters) — A former merchandising executive at teen apparel retailer Aeropostale Inc. was sentenced to eight years in prison on Wednesday after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

No letup seen in energy market’s soft conditions: Willis

By: Judy Greenwald

Published August 21, 2014 - 2:00pm CST

The current soft market conditions in the energy market may continue, even if the industry is seriously affected by a major hurricane in the Gulf of Mexico or another major catastrophe during the second half of this year.

OFF BEAT: Lost loot sack adds insult to troubled casino’s injury

Published August 21, 2014 - 1:13pm CST

By all accounts, times are tough in the Atlantic City casino business, but it's even tougher when a casino loses a portion of its precious take from the roof of an armored car meant to carry the cash to safety.

Allied World names John Bender CEO of global reinsurance

By: Matthew Lerner

Published August 21, 2014 - 11:52am CST

Allied World Assurance Co. Holdings A.G. has named John Bender CEO of its global reinsurance operations, the company said Thursday.

Car rental firm Hertz is latest victim of auto recalls

Published August 21, 2014 - 11:31am CST

(Reuters) — While an improving U.S. economy has helped rev up demand for car rentals, the rental companies have found themselves short of vehicles due to the slew of recalls by car manufacturers this year.

After Russia targets McDonald's, businesses wonder who's next

Published August 21, 2014 - 11:19am CST

(Reuters) — Russia said on Thursday it was investigating dozens of McDonald's restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine that they fear could spread to other symbols of Western capitalism.

Bank of America settles mortgage probes for $16.65B

Published August 21, 2014 - 11:12am CST

(Reuters) — Bank of America Corp. has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities.

Property/casualty insurer competition expected to increase: Moody's

By: Mark A. Hofmann

Published August 21, 2014 - 10:30am CST

Competition among property/casualty insurers should increase throughout the remainder of the year, according to an analysis released Thursday by Moody's Investors Service.

Steve Niparko joins Aon Risk Solutions' Denver construction group

By: Kate Shepherd

Published August 21, 2014 - 9:47am CST

Aon Risk Solutions has appointed Steve Niparko as senior vice president and strategic account manager of the firm’s construction services group for the Denver office.

California governor decries Calpers vote on pensions

Published August 20, 2014 - 2:46pm CST

(Reuters) — California Gov. Jerry Brown decried a move by the state's giant public pension fund on Wednesday to include temporary pay hikes in the way pensions are calculated for newly hired workers.

FBI warns health care companies they are targeted by hackers

Published August 20, 2014 - 2:33pm CST

(Reuters) — The FBI has warned that health care industry companies are being targeted by hackers, publicizing the issue following an attack on U.S. hospital group Community Health Systems Inc. that resulted in the theft of millions of patient records.

EEOC says energy company's wellness program violated ADA

By: Judy Greenwald

Published August 20, 2014 - 2:32pm CST

The U.S. EEOC has filed suit against an energy company for allegedly violating the ADA, charging that it shifted responsibility for paying health care premiums to an employee.

Houston International Insurance names president of new global energy division

By: Kate Shepherd

Published August 20, 2014 - 2:21pm CST

Houston International Insurance Group has named Susan Swails as president and chief underwriting officer of its newly formed division, HIIG Global Energy, the insurer said Wednesday.

EMT's disability lawsuit over counseling for affair reinstated on appeal

By: Judy Greenwald

Published August 20, 2014 - 2:17pm CST

A former emergency medical technician who was fired after she refused psychological counseling that was required by a supervisor concerned about her “immoral” sexual conduct because of her affair with a married man, can pursue her Americans with Disabilities Act lawsuit, says an appeals court, in reversing a lower court ruling.

Employers expect modest health plan cost increases in 2015: Survey

By: Jerry Geisel

Published August 20, 2014 - 1:49pm CST

Employers are expecting only modest increases in 2015 in their group health care plan costs, but are looking at new approaches to continue to keep costs under control, according to a survey released Wednesday.

Guidance on transgender bias issued for federal contractors

By: Judy Greenwald

Published August 20, 2014 - 12:11pm CST

The Department of Labor’s Office of Federal Contract Compliance Programs has issued guidance to companies that hold contracts with the federal government on the issue of extending federal discrimination laws to transgendered individuals.

California comp rating bureau recommends 6.7% rate hike

By: Stephanie Goldberg

Published August 20, 2014 - 12:05pm CST

The Workers' Compensation Insurance Rating Bureau of California is recommending that the California Department of Insurance adopt a 6.7% increase in the state's pure premium workers compensation rate.

Macy's to pay $650,000 to resolve 'shop-and-frisk' probe

Published August 20, 2014 - 11:57am CST

(Reuters) — Macy’s Inc. has agreed to pay $650,000 to New York’s attorney general and install a monitor to resolve allegations that its security personnel targeted minority shoppers.

OFF BEAT: Adjuster who drove her way out of a job winds up with settlement

Published August 20, 2014 - 10:19am CST

Even when a loss assessor contributes to losses for the insurer she works for it’s apparently not sufficient grounds in Ireland to fire her.

Washington state high court rules pension benefit reductions constitutional

By: Rob Kozlowski, Pensions & Investments

Published August 20, 2014 - 10:11am CST

The Washington State Supreme Court upheld as constitutional two bills passed by the state Legislature in 2007 and 2011 that reduced benefits for some participants in several of the state’s pension funds.

U.S. hospital breach biggest yet to exploit Heartbleed bug: Security expert

Published August 20, 2014 - 9:33am CST

(Reuters) — Hackers who stole the personal data of about 4.5 million patients of hospital group Community Health Systems Inc. broke into the company's computer system by exploiting the "Heartbleed" Internet bug, making it the first known large-scale cyber attack using the flaw, according to a security expert.

Calpers set to allow 100 extra pay types count toward pensions

Published August 20, 2014 - 9:14am CST

(Reuters) — The California Public Employees' Retirement System, America's largest public pension fund, is expected to approve nearly 100 types of extra pay on Wednesday that will count toward how pensions are calculated for newly hired workers.

Next