Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Wed, 26 Nov 2014 17:23:33 EST 10 Risk management an afterthought for many Brazilian firms: Speakers http://businessinsurance.com/article/20141126/NEWS06/141129885 20141126/NEWS06/141129885 Rio de Janeiro, Brazil — Despite several major disasters since 2000, many companies in Brazil still aren't practicing smart risk management and don't buy insurance to cover most of their risks. Wed, 26 Nov 2014 15:15:47 EST New York State Common Retirement Fund returns -0.52% for quarter http://businessinsurance.com/article/20141126/NEWS03/141129886 20141126/NEWS03/141129886 New York State Common Retirement Fund, Albany, returned -0.52% for the quarter ended Sept. 30, said Matthew Sweeney, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the pension fund. Wed, 26 Nov 2014 14:46:10 EST Plant closed by ammonia discharge suffered direct physical property loss: Court http://businessinsurance.com/article/20141126/NEWS05/141129887 20141126/NEWS05/141129887 The sudden discharge of ammonia that temporarily closed a New Jersey-based manufacturer's plant qualifies as direct physical property loss or damage under New Jersey law, a federal judge has ruled. Wed, 26 Nov 2014 14:29:04 EST Claims severity continues to rise in U.S. health care facilities: Study http://businessinsurance.com/article/20141126/NEWS06/141129888 20141126/NEWS06/141129888 A study released by Zurich North America on Wednesday finds claims severity continuing to rise at U.S. health care facilities, while claim frequency has remained stable. Wed, 26 Nov 2014 13:34:25 EST U.K. regulators approve Africa-focused reinsurer One Re http://businessinsurance.com/article/20141126/NEWS04/141129889 20141126/NEWS04/141129889 One Re Ltd., a nonlife Africa-focused reinsurer has been approved by U.K. regulators to do business in the United Kingdom, the company said Wednesday. Wed, 26 Nov 2014 11:45:03 EST Georgia Tsiakki named head of risk management at ArgoGlobal http://businessinsurance.com/article/20141126/NEWS06/141129893 20141126/NEWS06/141129893 Georgia Tsiakki has been appointed head of risk management at ArgoGlobal, the Lloyd's of London arm of Hamilton, Bermuda-based Argo Group International Holdings Ltd. Wed, 26 Nov 2014 09:19:08 EST U.S. Fed plans enhanced capital standards for GE unit http://businessinsurance.com/article/20141126/NEWS04/141129894 20141126/NEWS04/141129894 (Reuters) — The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system. Wed, 26 Nov 2014 09:11:53 EST Austbrokers expands with New Zealand acquisitions http://businessinsurance.com/article/20141126/NEWS04/141129895 20141126/NEWS04/141129895 Australian brokerage network Austbrokers Holdings Ltd. acquired Auckland, New Zealand-based BrokerWeb Management Ltd., along with a 50% stake in BrokerWeb Risk Services Ltd., Austbrokers announced Tuesday. Wed, 26 Nov 2014 09:00:14 EST New Jersey pension system funding plummets under new rule http://businessinsurance.com/article/20141126/NEWS03/141129897 20141126/NEWS03/141129897 (Reuters) — New Jersey's retirement system for public employees is in worse shape than previously reported, thanks to recent accounting changes that are starting to be rolled out across the country. Wed, 26 Nov 2014 08:41:26 EST Latin American insurance market likely to recover in 2015: Swiss Re http://businessinsurance.com/article/20141126/NEWS09/141129898 20141126/NEWS09/141129898 Swiss Re Ltd. said in a recent report that the weak growth in the Latin American insurance market in 2014 is likely to be followed by a marked recovery in 2015, BNamericas reports. Wed, 26 Nov 2014 05:31:54 EST