Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Mon, 28 Jul 2014 17:18:48 EST 10 Appeals court rules Virginia same-sex marriage ban invalid http://businessinsurance.com/article/20140728/NEWS03/140729834 20140728/NEWS03/140729834 A federal appeals court in Richmond, Virginia handed a significant legal victory to gay and lesbian couples seeking equal marriage rights and benefits on Monday by declaring that state's laws banning same-sex marriage invalid. Mon, 28 Jul 2014 16:49:35 EST Berkley reports 55.1% profit surge in second quarter http://businessinsurance.com/article/20140728/NEWS04/140729835 20140728/NEWS04/140729835 W.R. Berkley Corp.’s net income for the second quarter of 2014 surged 55.1% over that of the same period in 2013 to $180. Mon, 28 Jul 2014 15:57:11 EST Total cost of risk for companies rises in 2013: RIMS survey http://businessinsurance.com/article/20140728/NEWS06/140729836 20140728/NEWS06/140729836 The average total cost of risk for companies rose for third straight year in 2013, analysis released Monday by the Risk & Insurance Management Society Inc. and Advisen Ltd. finds. Mon, 28 Jul 2014 14:43:19 EST Smith & Wesson settles charges of bribing foreign officials for $2M http://businessinsurance.com/article/20140728/NEWS07/140729837 20140728/NEWS07/140729837 Gunmaker Smith & Wesson Holding Corp. has agreed to pay $2 million to settle U.S. Securities and Exchange Commission charges that it violated the Foreign Corrupt Practices Act by bribing foreign officials in several countries, the agency said Monday. Mon, 28 Jul 2014 14:39:43 EST RPM reaches $797.5M deal to resolve Bondex asbestos claims http://businessinsurance.com/article/20140728/NEWS08/140729838 20140728/NEWS08/140729838 (Reuters) — RPM International Inc. announced a $797.5 million deal to resolve asbestos claims against its Bondex International Inc. unit, which filed for protection from creditors in 2010 after mounting personal injury lawsuits. Mon, 28 Jul 2014 14:37:58 EST Microsoft targeted in apparent Chinese antitrust probe http://businessinsurance.com/article/20140728/NEWS07/140729839 20140728/NEWS07/140729839 (Reuters) — Microsoft Corp. appears to be the latest U.S. company targeted by China for antitrust investigation as government officials paid sudden visits to the software firm's Chinese offices on Monday. Mon, 28 Jul 2014 14:17:30 EST EEOC sues employer for demanding health care details for worker absences http://businessinsurance.com/article/20140728/NEWS07/140729840 20140728/NEWS07/140729840 The U.S. Mon, 28 Jul 2014 14:03:58 EST West Virginia workers comp rates to decrease 9.1% on Nov. 1 http://businessinsurance.com/article/20140728/NEWS08/140729841 20140728/NEWS08/140729841 West Virginia workers compensation rates are set to decrease 9.1% this fall, which the state says will result in $32 million in premium savings for employers. Mon, 28 Jul 2014 11:31:32 EST U.S. group overhauls China business in meat safety scandal http://businessinsurance.com/article/20140728/NEWS06/140729842 20140728/NEWS06/140729842 (Reuters) — A leading U.S. meat supplier said on Monday that a Chinese unit at the center of a food safety scandal had issues that were “absolutely inconsistent” with the group's high standards. Mon, 28 Jul 2014 10:53:19 EST Lloyds Bank fined $370M for rigging Libor interest rates http://businessinsurance.com/article/20140728/NEWS07/140729843 20140728/NEWS07/140729843 (Reuters) — Britain's Lloyds Banking Group P.L.C. has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a U.K. Mon, 28 Jul 2014 10:51:33 EST