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Most Recent Specialty Risks News

Skuld adds full marine coverages to London offerings

By: Shelby Livingston

Published November 25, 2014 - 3:07pm CST

Protection and indemnity club Assuranceforeningen Skuld has extended its full roster of marine insurance products to the firm's London office.

OFF BEAT: Cyber villain's process a testament to patience

Published November 25, 2014 - 1:55pm CST

As cyber attacks become increasingly common and sophisticated, it’s easy to imagine James Bond-style supervillains running megacomputers in labyrinthine underground fortresses gleefully attacking our favorite politicians, retailers and sandwich shops.

Cyber breaches could prompt cooperation in Congress

By: Judy Greenwald

Published November 23, 2014 - 6:00am CST

With Republicans gaining control of the U.S. Senate in January, long-stalled cyber security legislation finally stands a strong chance of gaining approval by Congress and being signed into law.

NIST revealing next steps to bolster cyber security

By: Judy Greenwald

Published November 23, 2014 - 6:00am CST

The National Institute of Standards and Technology, which proposed a voluntary cyber security framework for critical U.S. infrastructure last year, plans to issue a report next month on its intended next steps.

EEOC disability investigation of Royal Caribbean ruled too broad

By: Judy Greenwald

Published November 23, 2014 - 6:00am CST

A recent appeals court ruling chastising the U.S. Equal Employment Opportunity Commission for issuing an overly broad and burdensome subpoena in a discrimination case is expected to help other employers combat similar orders.

OPINION: Hopes high for bipartisan agreement on cyber security legislation

Published November 23, 2014 - 6:00am CST

It's about time — and long overdue.That's our reaction to many experts' belief that there is, at long last, a good chance of Congress and the president finally agreeing on cyber security legislation. Even if there is not total agreement on every single issue, legislation would be more than welcome at this point after years of risk managers standing by in dismay as they watch the political...

PERSPECTIVES: Drone regulation would create need for liability insurance

By: Jonathan S. Ziss

Published November 23, 2014 - 6:00am CST

Civilian use of unmanned aerial systems, or drones, is transforming certain industries but current aviation regulations don't effectively address the technology, says Jonathan S. Ziss of law firm Goldberg Segalla L.L.P. Once regulations are in place, a liability framework should emerge that will lead to an increased need for insurance.

Apple $450M e-book settlement gets final court approval

Published November 21, 2014 - 2:46pm CST

(Reuters) — A U.S. judge on Friday gave final approval to Apple Inc.'s agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.

NYC pays ex-fast-food worker $437,000 to settle Big Mac glass case

Published November 21, 2014 - 2:32pm CST

(Reuters) — A former McDonald's worker accused and later cleared of putting glass shards in a police officer's hamburger will be paid a $437,000 settlement by the city of New York, authorities said on Friday.

Case of school administrator who leaked info to newspaper can go forward

By: Judy Greenwald

Published November 21, 2014 - 2:08pm CST

A federal appeals court has refused to dismiss a case filed by a former school administrator who was terminated after he leaked information to the press about a contract he believed was improperly awarded.

Crawford merges complex claims units

By: Shelby Livingston

Published November 21, 2014 - 1:43pm CST

Crawford & Co. on Friday announced it will merge its recently launched specialty markets claims unit with its established Global Technical Services claims unit.

Credit Suisse ordered to pay $1.8 billion to finalize U.S. guilty plea

Published November 21, 2014 - 12:24pm CST

(Reuters) — A U.S. judge on Friday accepted Credit Suisse Group A.G.'s guilty plea to end a criminal case accusing it of helping wealthy Americans avoid paying taxes, and ordered the bank to pay roughly $1.8 billion in fines and restitution.

Grocery wholesaler to pay $735K for allowing racial harassment of workers

By: Judy Greenwald

Published November 20, 2014 - 4:40pm CST

A federal district judge has entered a $735,000 consent decree resolving a race harassment lawsuit, in which the Equal Employment Opportunity Commission charged a Chicago grocery wholesaler with tolerating a racially hostile workplace.

Boston Scientific to pay $18.5M in mesh case

Published November 20, 2014 - 2:16pm CST

(Reuters) — Boston Scientific Corp. was ordered Thursday to pay $18.5 million for injuries caused by transvaginal mesh devices, a plaintiffs' lawyer said, in the third courtroom loss for the company.

EEOC charges manufacturer for using carpal tunnel tests before hiring

By: Judy Greenwald

Published November 20, 2014 - 2:05pm CST

The U.S. Equal Employment Opportunity Commission on Thursday filed charges against a manufacturer for allegedly inappropriately testing for carpal tunnel syndrome.