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Most Recent Specialty Risks News

Home Depot says malware used in data breach eliminated

By: Judy Greenwald

Published September 18, 2014 - 6:29pm CST

Home Depot Inc. on Thursday said the malware used in its recent breach, which it said has put about 56 million payment cards’ information at risk, was custom-built and has now been eliminated from its U.S. and Canadian networks.

Shareholder lawsuits driving professional liability market: REBEX speakers

By: Bill Kenealy

Published September 18, 2014 - 3:13pm CST

WHEELING, Illinois — Shareholder derivative lawsuits continue to affect the directors and officers insurance market, speakers said Thursday at the REBEX 2014 Regional Risk Management Conference and Exhibition in Wheeling, Illinois.

Toyota recalling 20,000 late-model vehicles on potential fuel leak

Published September 18, 2014 - 2:48pm CST

(Reuters) — Toyota Motor Corp. said on Thursday it will recall about 20,000 vehicles worldwide for possible fuel leaks.

Rape victim's lawsuit against modeling website can proceed

By: Judy Greenwald

Published September 18, 2014 - 2:41pm CST

A negligence claim filed against a website by a model who was raped after two men used the website to lure her to a fake audition is not barred by the Communications Decency Act.

Unintended disclosure, paper records loss most common data breaches: Study

By: Judy Greenwald

Published September 18, 2014 - 1:30pm CST

A study of more than 1,500 data breaches in 2013 and 2014 by a unit of Beazley P.L.C. reveals that the two most common sources of breaches are unintended disclosure and the physical loss of paper records.

Republicans query NLRB on McDonald's liability view

Published September 18, 2014 - 12:49pm CST

(Reuters) — Two Republican lawmakers on Wednesday asked a U.S. labor agency for more information about a recent finding that fast-food chain McDonald's Corp. could be held liable for the labor practices of franchisees, a view that has alarmed many businesses.

Reinsurers under pressure to mark out global or specialist turf

Published September 18, 2014 - 12:33pm CST

(Reuters) — Reinsurers are being squeezed by price competition and subdued demand from insurers for their products, and traditional mergers may not be enough to save those that lack either global reach or specialized focus.

Hospital, food producer charged with pregnancy discrimination by EEOC

By: Judy Greenwald

Published September 18, 2014 - 11:49am CST

The U.S. Equal Employment Opportunity Commission has filed suit against a Chicago hospital and a Washington state organic fruit producer on charges of pregnancy discrimination.

Chinese hacked U.S. military contractors, Senate probe finds

Published September 17, 2014 - 2:55pm CST

(Reuters) — Hackers associated with the Chinese government have repeatedly infiltrated the computer systems of U.S. airlines, technology companies and other firms involved in the movement of U.S. troops and military equipment, a U.S. Senate panel has found.

JPMorgan Chase replaces some credit cards after Home Depot breach

Published September 17, 2014 - 2:44pm CST

(Reuters) — JPMorgan Chase & Co. is replacing some credit and debit cards following the security breach at Home Depot Inc., a company spokesman said.

Scott Thomas to lead specialty property/casualty lines at Schinnerer

By: Judy Greenwald

Published September 17, 2014 - 12:40pm CST

Victor O. Schinnerer & Co. has named Scott P. Thomas senior vice president and senior underwriting manager leading the property/casualty segment of the architects and engineers program and the international property/casualty program of the underwriting manager.

Standardized technology would benefit excess and surplus lines: NAPSLO speaker

By: Bill Kenealy

Published September 17, 2014 - 12:16pm CST

ATLANTA — The lack of standardized technologies is a primary source of inefficiency in excess and surplus lines, according to speakers at the National Association of Professional Surplus Lines Offices Ltd.'s annual conference in Atlanta.

GAO report warns of security risks in U.S. health care website

Published September 17, 2014 - 11:14am CST

(Reuters) —, President Barack Obama's health insurance exchange, has security and privacy protection vulnerabilities, a U.S. government watchdog reported Tuesday, nearly a year after the website's troubled rollout.

Merry Maids franchisee settles EEOC pregnancy bias suit for $40,000

By: Judy Greenwald

Published September 17, 2014 - 11:04am CST

A Wisconsin Merry Maids franchisee has agreed to pay $40,000 to settle an Equal Employment Opportunity Commission pregnancy discrimination lawsuit, the agency said.

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.