Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Sat, 28 May 2016 02:05:57 EST 10 Supreme Court ruling on timing of litigation could open employers to lawsuits http://businessinsurance.com/article/20160527/NEWS06/160529815 20160527/NEWS06/160529815 "Bright line" ruling extends time under which an employee can workers file a discrimination complaint under Title VII of the Civil Rights Act of 1964 Fri, 27 May 2016 14:23:18 EST High court rules real damage needed for class action to proceed http://businessinsurance.com/article/20160527/NEWS06/160529816 20160527/NEWS06/160529816 U.S. Supreme Court finds lack of concrete injury in suit alleging "people search engine" contained inaccurate information. Fri, 27 May 2016 14:11:22 EST Anonymous U.K. cyber database faces misgivings http://businessinsurance.com/article/20160527/NEWS06/160529818 20160527/NEWS06/160529818 Even if the incidents were kept under wraps, insurers are skeptical of this approach to pricing risk. Fri, 27 May 2016 13:50:00 EST Low investment income leads to decline in insurer profits http://businessinsurance.com/article/20160527/NEWS06/160529819 20160527/NEWS06/160529819 Property/casualty insurers see net income fall 24% in first quarter from a year earlier. Fri, 27 May 2016 13:16:34 EST Reinsurance uptake greater in catastrophe-prone regions http://businessinsurance.com/article/20160527/NEWS06/160529820 20160527/NEWS06/160529820 Insurers in regions that are susceptible to large natural catastrophes buy more reinsurance than those where catastrophes are less likely, says the Federal Reserve Bank of Chicago. Fri, 27 May 2016 12:27:27 EST U.S. forecaster predicts near-normal hurricane season http://businessinsurance.com/article/20160527/NEWS06/160529821 20160527/NEWS06/160529821 National Oceanic and Atmospheric Administration sees a 70% likelihood of 10 to 16 named storms with winds of 39 mph or stronger. Fri, 27 May 2016 11:46:48 EST Cyber firms say Bangladesh hackers have attacked other Asian banks http://businessinsurance.com/article/20160527/NEWS06/160529822 20160527/NEWS06/160529822 (Reuters) — Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cyber security company Symantec Corp. said in a blog post. Fri, 27 May 2016 10:59:23 EST Brown & Brown appoints regional retail presidents http://businessinsurance.com/article/20160527/NEWS06/160529823 20160527/NEWS06/160529823 John Esposito, Michael Keeby and Dan McGowan join the executive team. Fri, 27 May 2016 10:59:21 EST French insurer sells last U.K. life and savings business http://businessinsurance.com/article/20160527/NEWS06/160529824 20160527/NEWS06/160529824 (Reuters) — French insurer Axa S.A. is selling its U.K. investment and pensions business to Phoenix Group Holdings, completing a well-flagged exit from a mature life assurance market to focus on faster-growing emerging economies. Fri, 27 May 2016 10:46:52 EST E.U. bank cyber stress tests urged http://businessinsurance.com/article/20160527/NEWS06/160529825 20160527/NEWS06/160529825 (Reuters) — Domestic authorities in European Union member states are being told to stress-test their financial institutions for cyber risks. Fri, 27 May 2016 10:43:35 EST