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Most Recent Specialty Risks News

Canada tightens train handbrake rules, will impose 'audit blitz'

Published October 29, 2014 - 11:10am CST

(Reuters) — Canada will require railways to secure unattended trains with a minimum number of handbrakes and other physical defenses to prevent runaways, Canada’s transport ministry said on Wednesday in its latest response to last year’s deadly crash in Quebec.

U.S. airlines point to additional problems of any Ebola travel ban

Published October 29, 2014 - 9:32am CST

(Reuters) — U.S. airlines have said little publicly about political pressure to close the country's borders to travelers from Ebola-ravaged countries in West Africa, but in private they have briefed government officials about the challenges to implementing a ban, industry sources told Reuters.

Training, simplified processes trim hospital lab errors

By: Judy Greenwald

Published October 28, 2014 - 9:30pm CST

Training hospital staff to have patients state their name and birth date before a specimen is taken and refusing to accept specimens before they are properly labeled are effective ways to reduce diagnostic errors, an expert said.

Medical liability claims flat, but loss rates rising

By: Judy Greenwald

Published October 28, 2014 - 7:41pm CST

Hospitals will not be “fighting fires” concerning their professional liability insurance costs next year, said a co-author of a just-released study on the issue. “Things are pretty flat; things are pretty benign," said Erik Johnson.

Engage families to improve patients' care: Panelists

By: Sheena Harrison

Published October 28, 2014 - 4:56pm CST

Health care organizations should engage the families of patients to improve medical outcomes and experiences while reducing potential medical provider liabilities, a group of medical experts said Tuesday.

While executives more aware of cyber risks, only half buy insurance

By: Bill Kenealy

Published October 28, 2014 - 2:35pm CST

A survey Zurich Insurance Group Ltd. and Advisen Ltd. released Tuesday finds the recognition of cyber risk rising among risk managers and corporate boards, but the purchase of cyber liability insurance is leveling off.

Insurance broker Aon launches Ebola liability cover

Published October 28, 2014 - 2:25pm CST

(Reuters) — U.S. insurance broker Aon has launched Ebola liability cover for hospitals and other health care institutions, the company said on Tuesday.

Captives may help with emerging Ebola, cyber risks

By: Sheena Harrison

Published October 27, 2014 - 5:42pm CST

Captives can be a useful tool to help insure and manage emerging threats in the health care industry, such as cyber risks and the Ebola virus, a panel of captive and health care industry experts said Monday.

Malpractice suits often tap electronic medical records

By: Judy Greenwald

Published October 27, 2014 - 4:22pm CST

Electronic medical records can save money and improve medical outcomes, but using them incorrectly can create significant liability problems for health care providers, medical malpractice defense attorneys said.

Dallas company to pay $499,000 for sexual harassment, retaliation firings

By: Stephanie Goldberg

Published October 27, 2014 - 3:35pm CST

A jury for the U.S. District Court, Northern District of Texas, has awarded three former employees of a Dallas-based physician services provider nearly $500,000 in a sexual harassment and retaliation lawsuit by the EEOC.

Insurers fight to bar cyber coverage under commercial general liability policies

By: Judy Greenwald

Published October 26, 2014 - 6:00am CST

Recent legal efforts by insurers to bar cyber coverage under commercial general liability policies signal a new coverage battle between insurers and policyholders as costly data breaches proliferate.

Public companies could face shareholder litigation over Ebola-related losses

By: Douglas McLeod

Published October 26, 2014 - 6:00am CST

Public companies could face shareholder litigation over Ebola-related losses if the U.S. outbreak becomes a wider pandemic, insurance and legal sources warn.

U.S. appeals court rules for GM in Spyker's Saab sale lawsuit

Published October 24, 2014 - 2:44pm CST

(Reuters) — General Motors Co. persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker N.V. accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.

Jury awards one-armed security guard $35,922 in EEOC discrimination case

By: Judy Greenwald

Published October 24, 2014 - 1:34pm CST

A federal jury in Miami has awarded a one-armed security guard $35,922 in a U.S. Equal Employment Opportunity Commission discrimination case over his removal from his post after a customer complained about his disability.

Northrop must face whistleblower anti-missile lawsuit

Published October 24, 2014 - 10:59am CST

(Reuters) — A Chicago federal judge on Thursday rejected Northrop Grumman Corp.'s bid to dismiss a lawsuit by a former employee who accused the defense contractor of defrauding the U.S. government in performing a contract to develop a missile defense system for commercial aircraft.