Business Insurance - _Specialty Risks en-us Mon, 1 Sep 2014 18:35:05 EST 10 NLRB ruling that McDonald's is joint employer could increase franchising risks 20140831/NEWS07/308319978 A determination by the National Labor Relations Board's general counsel that McDonald's Corp. should be considered a “joint employer” with its franchisees could dramatically increase franchisors' potential liabilities should it become law. Sun, 31 Aug 2014 06:00:00 EST Courts and NLRB may dispute franchisors' liability for years 20140831/NEWS07/308319979 It may take years to resolve whether franchisors can be considered joint employers with their franchisees. Sun, 31 Aug 2014 06:00:00 EST OFF BEAT: Sports car bath lands driver in hot water 20140828/NEWS07/140829864 A YouTube video has sunk a Texas man's attempt to defraud insurers out of $2.2 million for “accidental” water damage to his Bugatti sports car. Thu, 28 Aug 2014 10:58:55 EST Credit insurer says Ukraine crisis could lift German insolvencies 20140828/NEWS07/140829866 (Reuters) — The Ukraine crisis and its impact on relations between Russia and the West is crimping German growth and could lead to a rise in manufacturing sector insolvencies in the second half of this year, credit insurer Euler Hermes S.A. Thu, 28 Aug 2014 09:21:36 EST JPMorgan probes possible cyber attack; other banks reportedly hit 20140828/NEWS07/140829867 (Reuters) — JPMorgan Chase & Co. is investigating a possible cyber attack and working with law enforcement authorities to determine the scope, a company spokeswoman said on Thursday morning. Thu, 28 Aug 2014 09:02:58 EST PricewaterhouseCoopers must face $1B lawsuit over MF Global advice 20140827/NEWS07/140829877 (Reuters) — A federal judge on Wednesday ordered PricewaterhouseCoopers L.L.P. to face a $1 billion lawsuit claiming that its bad accounting advice was cause of the 2011 bankruptcy of MF Global Holdings Ltd. Wed, 27 Aug 2014 14:30:51 EST OFF BEAT: Puppet maker says CBS violated copyright on gassy stuffed hippo 20140827/NEWS07/140829878 There are some phrases one simply never expects to encounter in a professional context — and until now, “the farting hippo” was certainly among them. Wed, 27 Aug 2014 13:36:51 EST GM ignition-switch fund receives claims for more than 100 deaths 20140827/NEWS07/140829880 (Reuters) — A program to compensate victims of crashes linked to a faulty ignition switch in General Motors Co. vehicles has received claims for 107 deaths as of Tuesday, according to a spokeswoman for the lawyer overseeing the program. Wed, 27 Aug 2014 10:19:07 EST RBS mortgage fine deals blow to boss McEwan 20140827/NEWS07/140829881 (Reuters) — Britain's financial regulator has fined Royal Bank of Scotland for selling mortgages without checking if customers could afford them, undermining Chief Executive Ross McEwan's efforts. Wed, 27 Aug 2014 10:09:26 EST Philip Morris ordered to defend fraud suit over U.S. military vendors 20140826/NEWS07/140829897 (Reuters) — A U.S. appeals court on Tuesday revived a lawsuit against Philip Morris USA Inc. that claims the tobacco company defrauded the federal government by failing to sell cigarettes at the lowest price. Tue, 26 Aug 2014 16:46:58 EST