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IN FOCUS Video: Hurricane and Disaster Preparedness

Published September 16, 2014 - 4:08pm CST

In our latest video report, we speak with industry experts about how homeowners, businesses and communities can be best prepared to cope with hurricanes and other costly natural disasters.

Wilson Sonsini tech engineer charged with insider trading

Published September 16, 2014 - 4:02pm CST

(Reuters) — An information technology engineer at Wilson Sonsini Goodrich & Rosati was arrested Tuesday and charged with insider trading on information he learned while working at the prominent Silicon Valley law firm.

Enrollment in high-deductible health plans keeps growing: Report

By: Jerry Geisel

Published September 16, 2014 - 3:01pm CST

Enrollment in high-deductible health insurance plans, including consumer-driven health plans, continues to grow, the National Center for Health Statistics said in a report Tuesday.

OFF BEAT: Beware the badger and other insurance claim follies

Published September 16, 2014 - 1:08pm CST

“Beware the Badger” would have been sound advice for a 71-year old woman from Bath, England, who locked a badger in her shed only to have it smash through a wall to escape, leading to an insurance claim.

Navigators launches cyber liability and data breach insurance

By: Judy Greenwald

Published September 16, 2014 - 1:01pm CST

The Navigators Group Inc.'s principal underwriting agency subsidiary, Navigators Management Co. Inc., has introduced a new cyber liability and privacy/data breach coverage product called NAVSecure.

Wells Fargo Bank settles EEOC same-sex harassment suit for $290,000

By: Judy Greenwald

Published September 16, 2014 - 12:48pm CST

Wells Fargo Bank N.A. has agreed to pay $290,000 to settle a U.S. EEOC lawsuit in which the bank was charged with creating a sexually hostile work environment at one of its branches.

Reinsurance broker TigerRisk opens Bermuda office

By: Sarah Veysey

Published September 16, 2014 - 12:21pm CST

TigerRisk Partners L.L.C. has opened an office in Hamilton, Bermuda to provide retrocessional coverages as well as traditional reinsurance brokerage services.

Alternative capital continues to transform reinsurance sector: Guy Carpenter

By: Matthew Lerner

Published September 16, 2014 - 12:11pm CST

The ongoing influx of alternative capital is continuing to have a profound effect on the traditional reinsurance sector, according to a report issued Tuesday by reinsurance brokerage Guy Carpenter & Co. L.L.C.

More than 42 million Americans lacked health insurance in 2013: Census Bureau

By: Jerry Geisel

Published September 16, 2014 - 11:47am CST

More than 42 million Americans — 13.4% of the U.S. population — lacked health insurance coverage in 2013, the U.S. Census Bureau said Tuesday in a new survey.

Allergan reaches truce with suitors on special shareholder meeting

Published September 16, 2014 - 11:33am CST

(Reuters) — Allergan Inc. and its suitors Pershing Square Capital Management and Valeant Pharmaceuticals Inc. settled their pending litigation before the Delaware Court of Chancery and agreed to hold a special shareholder meeting on the originally scheduled date of Dec. 18.

App developers seek clearer U.S. health data privacy guidelines

Published September 16, 2014 - 8:49am CST

(Reuters) — Developers of apps for mobile devices are asking a U.S. agency to clarify its rules for protecting patient health information to reflect the fast-evolving technology.

U.S. safety chief raps GM's 'flawed' culture on recalls

Published September 16, 2014 - 7:53am CST

(Reuters) — The top U.S. auto safety regulator harshly criticized General Motors Co. for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new normal" for safety recalls.

Specialty insurer Brit launches coverage for cyber attacks

By: Judy Greenwald

Published September 15, 2014 - 4:36pm CST

Specialty insurer and reinsurer Brit P.LC. is leading several Lloyd’s of London syndicates to offer up to $250 million of first-party cyber coverage to protect companies’ critical operating infrastructure and industrial machinery from terrorist and other malicious attacks, such as sabotage, espionage and theft.

Advisen's Thomas Ruggieri to lead Cooper Gay Swett & Crawford's N. America unit

By: Matthew Lerner

Published September 15, 2014 - 2:31pm CST

Advisen Ltd. founder Thomas P. Ruggieri will join Cooper Gay Swett & Crawford Ltd. as president and CEO of its North American operations.

Willis names former Marsh exec Scott Hull as head of surety

By: Judy Greenwald

Published September 15, 2014 - 2:23pm CST

Willis Group Holdings P.L.C. has named former Marsh L.L.C. executive Scott Hull as executive vice president and head of surety.