Business Insurance - _Risk Management http://businessinsurance.com/section/news06 http://www.businessinsurance.com en-us Tue, 5 May 2015 09:16:20 EST 10 Stakes rise in Bermuda reinsurer bidding triangle http://businessinsurance.com/article/20150504/NEWS06/150509950 20150504/NEWS06/150509950 Axis Capital Holdings Ltd. on Monday said it revised its offer for PartnerRe Ltd., adding a special one-time cash dividend of $11.50 per share to its merger offer in response to Exor S.p.A.'s $130-per-share all-cash offer for the reinsurer. Mon, 4 May 2015 14:59:20 EST Las Vegas Hard Rock reveals 7-month payment card hack http://businessinsurance.com/article/20150504/NEWS06/150509952 20150504/NEWS06/150509952 Hackers obtained credit and debit card information from customers at the Hard Rock Hotel & Casino in Las Vegas over a seven-month period that ended April 2, its chief operating officer said. Mon, 4 May 2015 14:18:10 EST Berkshire Hathaway profitable overall, but unit stories vary http://businessinsurance.com/article/20150504/NEWS06/150509955 20150504/NEWS06/150509955 Pretax underwriting losses in both its property/casualty and life and health operations adversely affected the first-quarter performance of Berkshire Hathaway Inc.'s General Re. Corp. unit. Mon, 4 May 2015 11:42:10 EST CNA net income rises despite challenging market http://businessinsurance.com/article/20150504/NEWS06/150509958 20150504/NEWS06/150509958 CNA Financial Corp. reported first-quarter net income of $233 million, sharply higher than the $13 million gain a year earlier in a quarter hit by a $207 million charge due to discontinued operations, the insurer reported Monday. Mon, 4 May 2015 11:22:29 EST North American rail industry angered by new brake rule http://businessinsurance.com/article/20150504/NEWS06/150509962 20150504/NEWS06/150509962 (Reuters) — U.S. regulators took on the powerful rail industry on Friday, announcing plans to require expensive, high-tech braking technology the railways insist is unproven and unreliable. Mon, 4 May 2015 11:17:14 EST Promoters fight back against Mayweather-Pacquiao piracy http://businessinsurance.com/article/20150504/NEWS06/150509963 20150504/NEWS06/150509963 Floyd Mayweather Jr. defeated Manny Pacquiao on Saturday to become the welterweight world champion, but the next fight could be between promoters and streaming sites. Mon, 4 May 2015 11:09:13 EST China's Fosun offers $1.8 billion for 80% of U.S. insurer http://businessinsurance.com/article/20150504/NEWS06/150509965 20150504/NEWS06/150509965 (Reuters) — Fosun International Ltd., an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80% it does not already own in U.S. insurer Ironshore Inc. for $1.8 billion. Mon, 4 May 2015 08:14:27 EST Reinsurance leader happy, not considering future mergers http://businessinsurance.com/article/20150501/NEWS06/150509975 20150501/NEWS06/150509975 Validus Holdings Ltd. leader Ed Noonan said he is happy with the company's current business model and not even considering the prospect of merging with another reinsurer. Fri, 1 May 2015 15:11:48 EST Canada toughens oil train safety standards http://businessinsurance.com/article/20150501/NEWS06/150509977 20150501/NEWS06/150509977 (Reuters) — The United States and Canada on Friday announced long-awaited safety rules for trains carrying oil, as regulators seek to reduce risks after a series of explosive accidents that accompanied a surge in crude-by-rail shipments. Fri, 1 May 2015 14:44:41 EST Phishing emails trick employees to reveal patients’ information http://businessinsurance.com/article/20150501/NEWS06/150509979 20150501/NEWS06/150509979 Boston-based health care system Partners Healthcare Inc. says personal patient information was revealed by its employees in November in response to “phishing” emails. Fri, 1 May 2015 14:24:39 EST