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Mental illness disability claims require specialized input

By: Matt Dunning

Published January 23, 2015 - 4:40pm CST

PHILADELPHIA — More often than not, effective management of disability insurance claims related to mental illness requires a specialized understanding of the comorbid relationships they share with physical medical conditions.

The 2015 Innovation Awards winners
are …

Published January 23, 2015 - 3:14pm CST

Business Insurance on Friday announced 10 winners of the 2015 Innovation Awards, the publication's recognition program for products and services designed for use by professional risk managers.

Microelectronic failures covered by Hartford Steam Boiler

By: Shelby Livingston

Published January 23, 2015 - 3:09pm CST

Engineering and technical risk insurer Hartford Steam Boiler Inspection & Insurance Co. has launched HSB TechAdvantage, an equipment breakdown and technology insurance that covers losses from microelectronic failures.

Wal-Mart settles with family of comedian killed in Tracy Morgan crash

By: Judy Greenwald

Published January 23, 2015 - 1:08pm CST

Wal-Mart Stores Inc. has reached a settlement with the family of the comedian killed in the crash that seriously injured comedian Tracy Morgan, the retailer said.

Willis promotes executives in China unit

By: Shelby Livingston

Published January 23, 2015 - 1:00pm CST

Willis Group Holdings P.L.C. on Friday said it has promoted three senior executives in its Willis China unit, effective Jan. 26.

Bank of England calls for lenders to shore up cyber defenses

Published January 23, 2015 - 12:21pm CST

(Reuters) — Britain's banks must do more to protect themselves and the wider financial system from growing and evolving cyber crime, the Bank of England said Friday.

Rate cut proposed by monopoly workers comp insurer

By: Stephanie Goldberg

Published January 23, 2015 - 12:12pm CST

The Ohio Bureau of Workers’ Compensation has proposed a 10.8% workers compensation advisory rate cut for private employers in the state.

Timken to buy Prudential annuity for pension benefits

By: Jerry Geisel

Published January 23, 2015 - 11:38am CST

North Canton, Ohio-based bearings and power transmissions manufacturer The Timken Co. said it is buying a group annuity to provide pension benefits to about 5,000 retirees and their beneficiaries.

President of workers comp rating agency to retire

By: Sheena Harrison

Published January 23, 2015 - 10:33am CST

Stephen J. Klingel, president and CEO of the National Council on Compensation Insurance Inc., plans to retire from his post in February 2016, the workers compensation ratemaking agency said Friday.

Gordon Ramsay burned by family business deal

Published January 23, 2015 - 9:17am CST

People risks are one of the biggest concerns that companies face, and superstar TV chef and restaurateur Gordon Ramsay recently found that even working with family members can pose a risk when he was saddled with a hefty legal bill.

This week's Top 10 features on BusinessInsurance.com

Published January 23, 2015 - 6:00am CST

Find out which of this week's features on BusinessInsurance.com were the most popular.

Johns Hopkins physics lab settles racial discrimination charges

By: Judy Greenwald

Published January 22, 2015 - 3:07pm CST

Johns Hopkins University's Applied Physics Laboratory will pay $359,252 to settle discrimination charges made by two African-American women who worked at its Laurel, Maryland, facility, the U.S. Department of Labor's Office of Federal Contract Compliance Programs said Thursday.

Pro wrestlers sue WWE over concussions

By: Bill Kenealy

Published January 22, 2015 - 2:58pm CST

Two former professional wrestlers have sued World Wrestling Entertainment Inc. for concussions they sustained during their careers.

9/11 responder can keep PTSD workers comp benefits

By: Bill Kenealy

Published January 22, 2015 - 2:50pm CST

An appellate court in New York has upheld workers compensation benefits awarded to an upstate New York police officer who suffered from post-traumatic stress disorder after responding to the 9/11 attacks in New York City.

Vermont captive formations slow in 2014

By: Jerry Geisel

Published January 22, 2015 - 2:50pm CST

Vermont, the largest domestic captive insurer domicile, licensed 16 captives in 2014, down from 29 in 2013, as the soft market and competition from other states slowed growth, state officials said Thursday.

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