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Most Recent Specialty Risks News

Group urges greater disaster mitigation efforts

By: Mark A. Hofmann

Published April 21, 2015 - 1:24pm CST

The federal government needs to put a greater emphasis on disaster mitigation than on post-disaster relief, according to a report issued Tuesday by the SmarterSafer.org coalition.

Big banks must face currency rigging lawsuit

Published January 29, 2015 - 12:12pm CST

(Reuters) — A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market.

Linux makers release patch to thwart new 'Ghost' cyber threat

Published January 28, 2015 - 10:44am CST

(Reuters) — Red Hat Inc. and other makers of the widely used Linux operating system for business computers updated their software on Tuesday to thwart a serious new cyber threat they warned could allow hackers to gain remote control of their systems.

Cyber risk management course offered by The Institutes

By: Shelby Livingston

Published January 27, 2015 - 2:57pm CST

The Institutes on Tuesday said it has launched a course focused on mitigating cyber risk exposures and responding to cyber threats.

Data breach loss capped at $500,000

By: Judy Greenwald

Published January 27, 2015 - 2:42pm CST

A St. Louis-based supermarket chain has a $500,000 cap on how much it must pay for a data breach it suffered in 2012 and 2013, says a federal court in a case filed by the retailer against its payments processor and merchant bank.

Oppenheimer to pay $20M over improper stock sales

Published January 27, 2015 - 10:46am CST

(Reuters) — Oppenheimer & Co. will pay $20 million to settle two U.S. government cases stemming from allegations the firm improperly sold penny stocks and ignored red flags.

Singapore ups ante in cyber security fight

Published January 27, 2015 - 10:33am CST

(Reuters) — Singapore is gearing up for a crackdown on cyber crime with the launch of a central agency and the appointment of a minister in charge of cyber security, the government said on Tuesday, as the wealthy city-state grapples with a rise in online crime.

Insider trading ruling tests prosecutors beyond Wall Street

Published January 26, 2015 - 4:10pm CST

(Reuters) — A court ruling that sharply curtailed the ability of prosecutors including Manhattan U.S. Attorney Preet Bharara to pursue insider trading cases is increasingly testing regulators' abilities across the country.

Court says misleading manual provides FMLA coverage

By: Judy Greenwald

Published January 26, 2015 - 3:42pm CST

A Michigan county road commission employee was entitled to coverage under the federal Family Medical Leave Act, even though the commission was not obligated to provide the coverage, because of a misleading statement in its employee manual, says an appellate court.

Malaysia Airlines website targeted by hacker group 'Cyber Caliphate'

Published January 26, 2015 - 11:17am CST

(Reuters) — A group calling itself “Official Cyber Caliphate” said it hacked on Monday the official website of national carrier Malaysia Airlines, but the airline said its data servers remained intact and passenger bookings were not affected.

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.

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.

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.

Seat belt price fixing charges brought against auto parts exec

Published January 22, 2015 - 2:08pm CST

(Reuters) — An executive with the Japanese auto parts maker Takata Corp. was indicted on Thursday for conspiring to fix the prices of seat belts sold to carmakers, the U.S. Justice Department said.

Marsh, Hiscox executives to join Swiss Re cyber team

By: Shelby Livingston

Published January 22, 2015 - 1:09pm CST

Swiss Re Corporate Solutions on Thursday said it has named former Marsh L.L.C. and Hiscox Ltd. executives to its cyber and technology team.