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Cambodia deploys troops as garment workers renew wage campaign

Published September 17, 2014 - 12:22pm CST

(Reuters) — Cambodia deployed armed troops in its capital on Wednesday as garment workers held rallies to revive a campaign for higher wages that had helped stoke a year-long political crisis.

U.S. safety chief raps GM's 'flawed' culture on recalls

Published September 16, 2014 - 7:53am CST

(Reuters) — The top U.S. auto safety regulator harshly criticized General Motors Co. for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new normal" for safety recalls.

Data breaches, terrorism, injury payments among insurers' emerging risks: Report

By: Rodd Zolkos

Published September 15, 2014 - 1:52pm CST

Cyber risk, terrorism and new compensation structures for long-term bodily injuries are among the emerging risks facing reinsurers and insurers, according to a report from Guy Carpenter & Co. L.L.C.

DOL proposes rule for more contractor pay transparency


Published September 15, 2014 - 1:26pm CST

The U.S. Department of Labor announced Monday a proposed rule that would prohibit federal contractors from maintaining pay secrecy policies.

Mid-market companies must plan and strategize before managing risks abroad

By: Roseanne White Geisel

Published September 14, 2014 - 6:00am CST

A midsize company must set its international strategy and mine its resources before deciding how to manage its risks when expanding abroad.

Auto parts chain resolves EEOC charge of female manager harassing male worker

By: Judy Greenwald

Published September 12, 2014 - 2:24pm CST

An automotive parts chain has agreed to pay $35,000 under a consent decree to resolve a U.S. Equal Employment Opportunity Commission sexual harassment case in which a female store manager was accused of harassing a male worker, the agency said Friday.

Home Depot has $105M in cyber insurance for data breach, $10M from AIG: Sources

By: Judy Greenwald

Published September 12, 2014 - 11:14am CST

Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured retention, market sources say.

Mexican companies sue Yahoo, law firm, over $2.7B judgment

Published September 12, 2014 - 10:53am CST

(Reuters) — Two Mexican companies have sued Yahoo Inc. and law firm Baker & McKenzie in New York federal court, accusing them of engineering a conspiracy to avoid a $2.7 billion judgment issued by a Mexican court in 2012.

Workers comp industry needs strategies to combat opioid abuse: Panel

By: Bill Kenealy

Published September 11, 2014 - 2:56pm CST

DANA POINT, California — Workers compensation professionals need a comprehensive strategy to address the risk of opioid abuse among injured workers, speakers said at the 2014 California Workers' Compensation & Risk Conference.

Missouri Supreme Court strikes down state cap on punitive damages

By: Judy Greenwald

Published September 11, 2014 - 2:49pm CST

The Missouri Supreme Court has struck down the state’s cap on punitive damages, ruling unanimously in the case of a woman misled by an auto dealership in buying a car that the cap violates citizens’ right to a jury trial.

U.S. SEC charges corporate insiders with disclosure violations

Published September 11, 2014 - 10:59am CST

(Reuters) — U.S. regulators has charged 34 companies, corporate executives and major shareholders in a first-of-its-kind sweep into violations of federal laws that require insiders to disclose promptly their stock holdings and trades.

Man pleads not guilty to fraud in 2012 U.S. meningitis outbreak

Published September 11, 2014 - 10:43am CST

(Reuters) — The first person to face criminal charges linked to a 2012 U.S. meningitis outbreak that killed 64 people and sickened 700 in 20 states pleaded not guilty on Thursday to claims that he knowingly shipped a tainted medication.

Late Fukushima manager flagged risks of Japan's big nuclear plants

Published September 11, 2014 - 10:40am CST

(Reuters) — The late manager of Japan's destroyed Fukushima plant questioned the safety of large nuclear facilities, documents showed on Thursday, potentially affecting the debate over the restart of the world's biggest nuclear power station.

Commercial broker consolidations expected to continue: MarketScout speaker

By: Matthew Lerner

Published September 10, 2014 - 4:09pm CST

DALLAS — Consolidation in the commercial insurance brokerage sector is likely to continue over the next several years driven in large part by funding from private equity entities.

Chesapeake Energy to face racketeering charges in Michigan trial

Published September 10, 2014 - 10:32am CST

(Reuters) — Natural gas and oil producer Chesapeake Energy Corp. must face trial on charges of felony racketeering and using false pretenses related to its land-leasing practices, a state judge has ruled.

U.S. states probe Home Depot data breach

Published September 09, 2014 - 2:42pm CST

(Reuters) — At least five states have launched a joint probe into the data breach on the payment card processing systems of Home Depot Inc., even as the retailer works to determine the impact on its customers.

Morgan Stanley to pay $95M in U.S. mortgage-debt settlement

Published September 09, 2014 - 10:59am CST

(Reuters) — Morgan Stanley has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis.

OFF BEAT: Divorce lawyer sues celebrity matchmaker for breach of contract

Published September 09, 2014 - 9:27am CST

Modern day dating is big business, and — as with any big business — when things go wrong, lawsuits surely follow.

In wake of Target, Home Depot tight with info in breach response

Published September 08, 2014 - 2:39pm CST

(Reuters) — Home Depot Inc. is being tight-lipped about its possible credit card breach, the opposite approach to the one Target Corp. took nearly a year ago.

US prosecutors try for rebound at insider trading trial

Published September 08, 2014 - 11:47am CST

(Reuters) — U.S. prosecutors in New York revived their five-year crackdown against insider trading on Monday, taking a former executive at data equipment maker Foundry Networks Inc. to trial two months after suffering their first jury defeat in a separate case.

UK government lends hand to BP in U.S. Gulf oil spill rulings

Published September 08, 2014 - 11:26am CST

(Reuters) — The British government has urged the U.S. Supreme Court to review appeals court rulings against BP P.L.C. over a 2010 Gulf of Mexico oil spill that produced one of the largest class actions in American history.

New fines could prompt BP to cut Russia exposure

Published September 05, 2014 - 1:07pm CST

(Reuters) — The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could encourage BP to sell off some of its Russian interests.

AIG accuses investment firm, philanthropist of 'life settlements' fraud

Published September 05, 2014 - 12:53pm CST

(Reuters) — An AIG unit sued a company headed by Philadelphia philanthropist Alan Buerger, accusing it of a $150 million fraud involving life insurance policies sold by elderly individuals in exchange for a quick payment.

California comp rating bureau reduces rate-hike request

By: Sheena Harrison

Published September 05, 2014 - 12:05pm CST

The California Workers Compensation Insurance Rating Bureau amended its workers comp rate filing Wednesday to request a smaller-than-anticipated increase.

Low earthquake insurance penetration limits Napa-related losses: Aon Benfield

By: Mark A. Hofmann

Published September 05, 2014 - 11:29am CST

A low rate of earthquake insurance penetration in the Napa, California, area may mean lower insured damages from the Aug. 24 earthquake that struck that area.

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