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Most Recent Specialty Risks News

Supermarket management firm reports data breaches in 21 states

By: Judy Greenwald

Published October 01, 2014 - 5:22pm CST

A Boise, Idaho-based supermarket management company which operates Albertsons, Acme, Jewel-Osco and other supermarkets has reported a data breach that affects stores in 21 states.

Calif. law requires free year of credit monitoring after data breaches

By: Judy Greenwald

Published October 01, 2014 - 2:50pm CST

California Gov. Jerry Brown has signed into law legislation that requires companies affected by data breaches to offer credit monitoring.

SEC charges two with insider trading on hedge fund's bet on Herbalife

Published October 01, 2014 - 2:44pm CST

(Reuters) — U.S. regulators on Tuesday charged two men with insider trading after they learned that hedge fund manager Bill Ackman was planning to announce a $1 billion bet against Herbalife Ltd. based on a view the company was merely a “pyramid scheme.”

Company's harsh penalties for skipping wellness program draw EEOC action again

By: Judy Greenwald

Published October 01, 2014 - 1:44pm CST

The Equal Employment Opportunity Commission is suing another company with the charge its wellness program violates the Americans with Disabilities Act.

Risk Strategies merges with specialty broker DeWitt Stern

By: Matthew Lerner

Published October 01, 2014 - 12:25pm CST

Boston-based broker and risk management consultant Risk Strategies Co. Inc. has merged with privately-held, New York-based broker and risk advisor DeWitt Stern Group Inc., the companies said in a statement Wednesday.

Advanced iOS virus targeting Hong Kong protestors: Security firm

Published October 01, 2014 - 11:39am CST

(Reuters) — Cybersecurity researchers have uncovered a computer virus that spies on Apple Inc.'s iOS operating system for the iPhone and iPad, and they believe it is targeting pro-democracy protesters in Hong Kong.

Cyber breaches inevitable; business leaders advised to be prepared

Published October 01, 2014 - 11:24am CST

CHICAGO — When it comes to data breaches, it's not a matter of “if,” but “when,” speakers said during the National Risk Retention Association's conference in Chicago.

Aon sales exec staying put at firm instead of jumping to rival

By: Judy Greenwald

Published September 30, 2014 - 3:32pm CST

John L. Peterson now plans to remain at Aon Risk Solutions as part of its senior leadership team, the broker announced.

Ames & Gough acquires specialized New England insurance agency

By: Judy Greenwald

Published September 30, 2014 - 3:10pm CST

Specialty broker Ames & Gough has acquired Providence, Rhode Island-based Bixby Insurance Agency Inc., which serves architects and engineers throughout New England, for an undisclosed amount.

Cyber security incident reports increased 48% this year

By: Judy Greenwald

Published September 30, 2014 - 2:30pm CST

The number of cyber security incidents has increased 48% this year, to 42.8 million, or the equivalent of 177,339 incoming attackers per day, according to a PricewaterhouseCoopers L.L.P. survey released Tuesday.

Real estate firm Essex Property reports data breach

By: Judy Greenwald

Published September 30, 2014 - 1:50pm CST

Essex Property Trust Inc., a Palo Alto, California-based real estate investment trust, said that certain of its computer networks containing personal and proprietary information have been breached.

Wal-Mart blames Tracy Morgan for not wearing seat belt in fatal crash

By: Judy Greenwald

Published September 30, 2014 - 12:48pm CST

Injuries sustained by comedian Tracy Morgan when his limousine was hit by a Wal-Mart Stores Inc. truck were at least partially if not wholly caused by his failure to wear a seatbelt, Wal-Mart said in court papers filed Monday.

Supervalu says malware affects four stores in Minnesota

Published September 30, 2014 - 11:29am CST

(Reuters) — Supermarket chain Supervalu Inc. has reported a second attack against its payment systems barely two months after it said it was investigating a potential data breach.

Court tosses EEOC suit over equal attorney pay at Port Authority

By: Judy Greenwald

Published September 29, 2014 - 2:28pm CST

The Equal Employment Opportunity Commission claimed that male and female attorneys working at the Port Authority of New York and New Jersey were paid unequally, but failed to analyze their different job duties, says an appeals court, in upholding dismissal of the agency's lawsuit.

Auto parts maker Toyoda Gosei settles U.S. price-fixing charge

Published September 29, 2014 - 2:11pm CST

(Reuters) — A Japanese auto parts maker, Toyoda Gosei Ltd., has agreed to plead guilty to price-fixing and pay a $26 million fine, the Justice Department said on Monday.