Business Insurance - Web News en-us Wed, 22 Oct 2014 17:19:48 EST 10 Insured damages in Bermuda from Gonzalo estimated at $200M-$400M: AIR 20141022/NEWS04/141029903 Last week's Hurricane Gonzalo caused estimated insured damages of between $200 million and $400 million in Bermuda, catastrophe modeler AIR Worldwide said Wednesday. Wed, 22 Oct 2014 14:47:06 EST Humana looks to sell urgent care subsidiary Concentra: Sources 20141022/NEWS03/141029904 (Reuters) — Health insurer Humana Inc. is exploring a sale of its urgent care subsidiary Concentra in a deal that could value it at around $1 billion, according to three people familiar with the matter. Wed, 22 Oct 2014 13:56:30 EST Insurance sector falls short on addressing climate change: Report 20141022/NEWS06/141029905 The insurance industry has shown a “profound lack of preparedness” in addressing climate-related risk and opportunities, says a report on a survey conducted by an advocacy group. Wed, 22 Oct 2014 13:45:31 EST New Orleans mayor creates pension reform group to sustain firefighters plan 20141022/NEWS03/141029906 New Orleans Mayor Mitch Landrieu signed an executive order establishing a pension reform working group to recommend changes to the New Orleans Fire Fighters Pension & Relief Fund. Wed, 22 Oct 2014 12:48:20 EST Justice Department to increase focus on cyber threat, economic espionage 20141022/NEWS07/141029907 The Justice Department is making strategic changes to put additional focus on the protection of national assets from the threat of state-sponsored economic espionage and proliferation, including through cyberspace. Wed, 22 Oct 2014 12:33:32 EST U.S. government probes medical devices for possible cyber flaws 20141022/NEWS07/141029908 (Reuters) — The U.S. Wed, 22 Oct 2014 10:49:22 EST U.S. regulators expand number of vehicles affected by Takata recalls 20141022/NEWS06/141029909 (Reuters) — U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp. air bags that could spray shrapnel at occupants. Wed, 22 Oct 2014 10:31:49 EST Lockheed Martin to forgo pension contributions in 2015 through 2017 20141022/NEWS03/141029911 Lockheed Martin Corp. Wed, 22 Oct 2014 09:48:54 EST Ace reports lower net income in third quarter 20141022/NEWS04/141029912 Ace Ltd. reported third quarter net income of $785.0 million, down 14.2% from the same period last year as adjusted net realized losses of $106 million blunted gains in premiums and investments, the company announced Tuesday. Wed, 22 Oct 2014 09:11:25 EST Munich Re, Ace among those best prepared to handle climate change risks: Ceres 20141022/NEWS09/141029913 U.S.-based advocacy group Ceres has said that Munich Reinsurance Co. and Ace Ltd. are among the nine insurance sector players it found to be best prepared to manage climate change-related risks, Bloomberg reported. Wed, 22 Oct 2014 06:18:25 EST