Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Mon, 22 Dec 2014 15:18:49 EST 10 Jury rules for building materials manufacturer in asbestos death case http://businessinsurance.com/article/20141222/NEWS07/141229975 20141222/NEWS07/141229975 A jury in Oakland, California, ruled in favor of building materials manufacturer CertainTeed Corp. last week in a case over whether the company’s asbestos pipes caused a man’s death from lung cancer. Mon, 22 Dec 2014 15:04:15 EST Supreme Court to hear King v. Burwell health reform subsidy case on March 4 http://businessinsurance.com/article/20141222/NEWS03/141229976 20141222/NEWS03/141229976 The U.S. Supreme Court has scheduled oral arguments in King v. Burwell for March 4, a court spokesperson confirmed Monday afternoon. Mon, 22 Dec 2014 14:19:07 EST $39M settlement reached in fatal 2011 Indiana stage collapse http://businessinsurance.com/article/20141222/NEWS06/141229977 20141222/NEWS06/141229977 A law firm said on Friday that it has reached a $39 million settlement with 19 of the 20 defendants sued after a fatal Indiana State Fair stage collapse in 2011. Mon, 22 Dec 2014 13:43:41 EST China condemns cyberattacks, but says no proof N.Korea hacked Sony http://businessinsurance.com/article/20141222/NEWS06/141229978 20141222/NEWS06/141229978 (Reuters) — China said on Monday it opposed all forms of cyberattacks but there was no proof that North Korea was responsible for the hacking of Sony Pictures Entertainment Inc., as the United States has said. Mon, 22 Dec 2014 13:03:10 EST GM gets 104 more claims for faulty ignition switch compensation http://businessinsurance.com/article/20141222/NEWS06/141229979 20141222/NEWS06/141229979 (Reuters) — General Motors Co. has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation program. Mon, 22 Dec 2014 12:33:27 EST Catlin sells European personalized auto insurance service for $133M http://businessinsurance.com/article/20141222/NEWS04/141229980 20141222/NEWS04/141229980 Catlin Insurance Co. Ltd., a subsidiary of Hamilton, Bermuda-based Catlin Group Ltd. has agreed to sell its investment in Box Innovation Group Ltd. a personalized auto insurance service that trades as Insure the Box, to Aioi Nissay Dowa Insurance Co. Mon, 22 Dec 2014 11:49:48 EST CNA commercial president and COO Lindemann to retire http://businessinsurance.com/article/20141222/NEWS04/141229981 20141222/NEWS04/141229981 Robert Lindemann will retire as president and chief operating officer of CNA Commercial on Dec. 31, CNA Financial Corp. announced Friday. Mon, 22 Dec 2014 11:41:55 EST Amlin acquires $200M reinsurance coverage for U.S., European storms http://businessinsurance.com/article/20141222/NEWS04/141229982 20141222/NEWS04/141229982 Amlin P.L.C. has acquired reinsurance coverage of up to $200 million for U.S. named storm, U.S. earthquake and European windstorm perils via a Bermuda-based special purpose insurer, Tramline Re II Ltd., Amlin announced Monday. Mon, 22 Dec 2014 11:33:49 EST Bermuda commercial insurers in line for Solvency II compliance http://businessinsurance.com/article/20141222/NEWS04/141229983 20141222/NEWS04/141229983 A report from the European Insurance and Occupational Pensions Authority has endorsed key aspects of Bermuda’s commercial insurance and reinsurance regulatory regime as meeting the criteria of Solvency II, the Bermuda Monetary Authority said Friday. Mon, 22 Dec 2014 10:51:38 EST S.Korea nuclear plant operator claims hack, raising alarm http://businessinsurance.com/article/20141222/NEWS07/141229984 20141222/NEWS07/141229984 (Reuters) — Computer systems at South Korea’s nuclear plant operator have been hacked, the company said on Monday, sharply raising concerns about safeguards around nuclear facilities in a country that remains technically at war with North... Mon, 22 Dec 2014 10:42:38 EST