Business Insurance - _Specialty Risks http://businessinsurance.com/section/news07 http://www.businessinsurance.com en-us Sat, 23 Aug 2014 11:21:37 EST 10 Breach at U.S. government contractor affected at least 25,000 workers http://businessinsurance.com/article/20140822/NEWS07/140829933 20140822/NEWS07/140829933 (Reuters) — A cyber attack at a company that performs background checks for the U.S. Department of Homeland Security compromised data of at least 25,000 government workers, and that number could rise, an agency official said on Friday. Fri, 22 Aug 2014 16:27:01 EST Cover offered via Lloyd's syndicates for commercial marijuana industry http://businessinsurance.com/article/20140822/NEWS07/140829935 20140822/NEWS07/140829935 A recently formed insurance agency is offering the commercial marijuana industry general liability and related insurance coverage on a surplus lines basis through several Lloyd's of London syndicates. Fri, 22 Aug 2014 15:03:01 EST Goldman nears $1.1B payment to FHFA: Financial Times http://businessinsurance.com/article/20140822/NEWS07/140829936 20140822/NEWS07/140829936 (Reuters) — Goldman Sachs Group Inc. could pay about $1.1 billion to settle claims from the U.S. housing finance regulator that it sold bad mortgage-backed securities, the Financial Times reported. Fri, 22 Aug 2014 14:42:08 EST Jardine Lloyd Thompson Canada adds 2 executives to Calgary office http://businessinsurance.com/article/20140822/NEWS07/140829937 20140822/NEWS07/140829937 Jardine Lloyd Thompson Canada Inc., a unit of Jardine Lloyd Thompson Group P.L.C., is adding two new members to its senior team in Calgary, Alberta. Fri, 22 Aug 2014 12:52:37 EST Venture capital firm Kleiner Perkins suffers security breach http://businessinsurance.com/article/20140822/NEWS07/140829941 20140822/NEWS07/140829941 (Reuters) — California detectives are investigating a July computer theft at storied venture capital firm Kleiner Perkins Caufield & Byers, a spokeswoman for the Menlo Park police said Thursday. Fri, 22 Aug 2014 10:34:28 EST Howden offers insurance coverage for mine collapse rescues http://businessinsurance.com/article/20140821/NEWS07/140829957 20140821/NEWS07/140829957 Howden Insurance Brokers Ltd., a unit of Hyperion Insurance Group Ltd., has launched a stand-alone insurance product that mitigates the costs of rescue in a mine collapse. Thu, 21 Aug 2014 14:57:34 EST Malware breach at 51 UPS stores 'fully contained': Company http://businessinsurance.com/article/20140821/NEWS07/140829958 20140821/NEWS07/140829958 The UPS Store Inc. said Wednesday that customer data at 51 of its franchised stores in 24 states may have been breached, although the situation is now contained and there is no evidence to date of fraud. Thu, 21 Aug 2014 14:38:41 EST Former Aeropostale exec gets 8 years in prison over kickbacks http://businessinsurance.com/article/20140821/NEWS07/140829959 20140821/NEWS07/140829959 (Reuters) — A former merchandising executive at teen apparel retailer Aeropostale Inc. Thu, 21 Aug 2014 14:10:05 EST No letup seen in energy market’s soft conditions: Willis http://businessinsurance.com/article/20140821/NEWS07/140829960 20140821/NEWS07/140829960 The current soft market conditions in the energy market may continue, even if the industry is seriously affected by a major hurricane in the Gulf of Mexico or another major catastrophe during the second half of this year. Thu, 21 Aug 2014 14:00:50 EST Bank of America settles mortgage probes for $16.65B http://businessinsurance.com/article/20140821/NEWS07/140829965 20140821/NEWS07/140829965 (Reuters) — Bank of America Corp. has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. Thu, 21 Aug 2014 11:12:50 EST