Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Thu, 3 Sep 2015 15:35:34 EST 10 Cyber risk portal links policyholders to specialists http://businessinsurance.com/article/20150903/NEWS06/150909907 20150903/NEWS06/150909907 CFC Underwriting Ltd. has announced a new addition to its cyber product suite with the launch of an online cyber risk portal. Thu, 3 Sep 2015 15:23:22 EST XL Catlin restructures U.S. excess and surplus lines leadership http://businessinsurance.com/article/20150903/NEWS06/150909908 20150903/NEWS06/150909908 XL Catlin’s excess and surplus casualty business has introduced a new geographically focused structure and three new regional leaders, the company said Thursday. Thu, 3 Sep 2015 15:12:17 EST Best Off Beat stories from August http://businessinsurance.com/article/20150903/NEWS06/150909909 20150903/NEWS06/150909909 This month: pop star Katy Perry's graffiti dress causes an uproar, a San Francisco startup wants to deliver marijuana via drones, an Airbus-designed hypersonic plane patent wins approval, and more. Thu, 3 Sep 2015 14:45:44 EST AIG freezes pension plans, sweetens 401(k) http://businessinsurance.com/article/20150903/NEWS03/150909910 20150903/NEWS03/150909910 American International Group Inc. will freeze its U.S. defined benefit pension plans on Jan. 1 and beef up its 401(k) plans. Thu, 3 Sep 2015 14:35:30 EST AIG unit not liable in death of prisoner who wasn't given medicine http://businessinsurance.com/article/20150903/NEWS06/150909911 20150903/NEWS06/150909911 An American International Group Inc. unit was not obligated to defend or indemnify a prison management company in the death of an inmate, says a federal appeals court in partially overturning a lower court ruling. Thu, 3 Sep 2015 13:59:30 EST Hub International acquires West Coast brokers http://businessinsurance.com/article/20150903/NEWS06/150909912 20150903/NEWS06/150909912 Chicago-based insurance broker Hub International Ltd. said Thursday it has acquired the assets of Yakima, Washington-based EmSpring Corp. and Simi Valley, California-based Arrow Insurance Service Inc. Thu, 3 Sep 2015 13:58:07 EST Los Angeles drops mortgage discrimination case against JPMorgan http://businessinsurance.com/article/20150903/NEWS06/150909913 20150903/NEWS06/150909913 (Reuters) — Los Angeles has dropped a lawsuit accusing JPMorgan Chase & Co., the largest U.S. Thu, 3 Sep 2015 13:35:57 EST Wholesale broker acquires stake in specialty trucking agency http://businessinsurance.com/article/20150903/NEWS06/150909914 20150903/NEWS06/150909914 Dallas-basedwholesale broker U.S. Risk Insurance Group Inc. said Thursday that it has acquired ownership interest in Strategic Program Managers dba Strategic Insurance Underwriters. Thu, 3 Sep 2015 12:01:19 EST Lloyd's of London names Taipei top city for GDP at risk http://businessinsurance.com/article/20150903/NEWS06/150909915 20150903/NEWS06/150909915 A new study by Lloyd’s of London puts $4.56 trillion of gross domestic product at risk from 18 perils in 301 cities around the world. Thu, 3 Sep 2015 11:45:23 EST Catastrophe bond volume drops in second quarter http://businessinsurance.com/article/20150903/NEWS06/150909916 20150903/NEWS06/150909916 Catastrophe bond issuance for the second quarter was lower than in the past two years, according to a report released Thursday by GC Securities. Thu, 3 Sep 2015 11:36:43 EST