Business Insurance - Web News en-us Tue, 1 Dec 2015 10:17:08 EST 10 UnitedHealth CEO defends possible exit from federal health care exchanges 20151201/NEWS03/151209983 (Reuters) — UnitedHealth Group Inc.’s CEO on Tuesday defended the company’s possibly exiting the federal health insurance exchanges in 2017, citing losses on health plans it said were designed to succeed. Tue, 1 Dec 2015 09:42:53 EST Software pirate gets cyber punishment 20151201/NEWS06/151209984 Cyber piracy is both a growing threat and a difficult crime to pursue for companies across the globe. Tue, 1 Dec 2015 09:36:15 EST Brazil sues BHP, Vale for $5 billion in damages for mine disaster 20151201/NEWS06/151209985 (Reuters) — Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reals ($5.2 billion) to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. Tue, 1 Dec 2015 09:30:28 EST Martin Senn steps down from Zurich amid problems at Swiss insurer 20151201/NEWS06/151209986 Martin Senn, CEO of Zurich Insurance Group Ltd., stepped down Tuesday following poor financial results, several other high-profile exits and other problems at the Swiss insurer that have emerged over the past several months. Tue, 1 Dec 2015 09:08:56 EST Express Scripts backs Imprimis' $1 pill over $750 Daraprim 20151201/NEWS03/151209989 (Reuters) — Express Scripts Holding Co., the largest U.S. Tue, 1 Dec 2015 08:10:43 EST U.S. states probe VTech hack, experts warn of more attacks 20151201/NEWS06/151209990 (Reuters) — U.S. states said they will investigate a massive breach at digital toy maker VTech Holdings Ltd. as security experts warned that hackers are likely to target similar companies that handle customer data. Tue, 1 Dec 2015 07:37:42 EST Volkswagen to recall 320,000 cars in India 20151201/NEWS09/151209991 Volkswagen A.G.'s Indian subsidiary Volkswagen Group Sales India Pvt. Ltd. is recalling more than 320,000 cars in the country affected by the emissions scandal, reports India Today citing Autocar India magazine. Tue, 1 Dec 2015 05:44:43 EST Insured losses from bushfires total $54 million: Insurance Council 20151201/NEWS09/151209992 The Insurance Council of Australia has said that insured losses from the bushfires in Australian state of South Australia have totaled $75 million Australian ($54 million), reported ABC Online. Tue, 1 Dec 2015 05:43:39 EST Munich Re not revising its 2015 profit forecast: CFO 20151201/NEWS09/151209993 Munich Reinsurance Co. CFO Joerg Schneider has said that the reinsurer is not revising its forecast of at least €3 billion ($3.4 billion) net profit for 2015, reported Reuters. Tue, 1 Dec 2015 05:42:29 EST Lloyd's registers first Chinese broker 20151201/NEWS09/151209994 Shanghai Asian Insurance Brokers Co. Ltd. has become the first Chinese insurance broker to register with Lloyd's of London, reports Asia Insurance Review. Tue, 1 Dec 2015 05:41:29 EST