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Scientists grapple with ethics in rush to release Ebola vaccines

Published September 29, 2014 - 2:54pm CST

(Reuters) — Normally it takes years to prove a new vaccine is both safe and effective before it can be used in the field. But with hundreds of people dying a day in the worst ever outbreak of Ebola, there is no time to wait.

Court tosses EEOC suit over equal attorney pay at Port Authority

By: Judy Greenwald

Published September 29, 2014 - 2:28pm CST

The Equal Employment Opportunity Commission claimed that male and female attorneys working at the Port Authority of New York and New Jersey were paid unequally, but failed to analyze their different job duties, says an appeals court, in upholding dismissal of the agency's lawsuit.

Illinois workers not required to give notice before seeking treatment: Court

By: Stephanie Goldberg

Published September 29, 2014 - 1:09pm CST

Courts rule that Illinois employers can't require workers to provide notice prior to seeking medical treatment for workplace injuries.

Judge rejects settlement over Abercrombie & Fitch CEO pay

Published September 29, 2014 - 11:06am CST

(Reuters) — A federal judge rejected a settlement of a lawsuit challenging longtime Abercrombie & Fitch Co. Chief Executive Michael Jeffries’ pay, saying it offered little benefit to shareholders despite “serious” allegations of wrongdoing.

Deaths linked to GM ignition-switch defect rise to 23

Published September 29, 2014 - 10:14am CST

(Reuters) — The number of deaths linked to a faulty ignition switch in General Motors Co. cars rose by two last week to 23, according to a report Monday from the lawyer overseeing a program set up to compensate accident victims.

Allianz CEO likely to get 2 more years

Published September 29, 2014 - 9:52am CST

(Reuters) — Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to smooth the turmoil over leadership change at its Pimco subsidiary, a German newspaper reported.

Six years after AIG bailout, trial asks: was it legal?

Published September 29, 2014 - 9:36am CST

(Reuters) — One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of AIG was, in fact, legal.

Business Insurance seeking nominations for the 2015 Risk Manager of the Year®

Published September 28, 2014 - 6:00am CST

We're looking for the best and brightest risk managers. If you know someone who deserves recognition as an outstanding risk management practitioner, you can nominate him or her for the 2015 Business Insurance Risk Manager of the Year® Award.

Risk management professional designations drive career success

By: Mark A. Hofmann

Published September 28, 2014 - 6:00am CST

A professional designation is much more than a string of letters for risk managers seeking to further their careers through continuing education.

Risk managers who have raised their profiles with designations

By: Mark A. Hofmann

Published September 28, 2014 - 6:00am CST

Earning a professional designation can boost a risk manager's career, particularly in its early stages, according to veteran risk managers.

Risk managers who worked as brokers say experience enhanced industry knowledge

By: Joanne Wojcik

Published September 28, 2014 - 6:00am CST

Risk management professionals who have spent some time walking in the shoes of insurance brokers say the experience enabled them to be better at what they do by enhancing their knowledge of the insurance industry.

Baby boomer retirements bring threat of ‘knowledge gap’ to employers

By: Rodd Zolkos

Published September 28, 2014 - 6:00am CST

An aging workforce presents strategic risks for companies across various industries and disciplines — including insurance and risk management — as a wave of retiring baby boomers threatens to leave employers facing a “knowledge gap.”

OFF BEAT: Taxing situation for Jersey Shore celeb Sorrentino

Published September 26, 2014 - 1:11pm CST

Mike “The Situation” Sorrentino, star of MTV’s hit TV show Jersey Shore, has found himself in a precarious situation after being accused of failing to pay taxes on $8.9 million in earnings.

USDA releases risk management tools for farmers

By: Bill Kenealy

Published September 26, 2014 - 11:15am CST

The U.S. Department of Agriculture has released two new Web-based risk management tools to help farmers better manage risk.

GM ignition-switch victims' families to accept compensation offer

Published September 25, 2014 - 4:30pm CST

(Reuters) — The families of two victims killed in a General Motors Co. vehicle with a faulty ignition switch will accept offers from a program set up to provide compensation for crash injuries and deaths, a lawyer for the family said on Thursday.

Washington Post freezes pension plan, switches to cash balance option

By: Hazel Bradford, Pensions & Investments

Published September 25, 2014 - 4:19pm CST

The Washington Post's parent company is freezing its defined benefit plan and transferring remaining participants to an existing cash balance plan, effective Jan. 1, 2015. The company is also offering a lump-sum option for all defined benefit participants.

EEOC sues two employers over fired transgender employees

By: Bill Kenealy

Published September 25, 2014 - 3:29pm CST

The U.S. Equal Employment Opportunity Commission said on Thursday it has filed gender discrimination lawsuits in Michigan and Florida against employers it says discriminated against transgender employees.

OFF BEAT: Golf teammates carry on toward Ryder Cup despite lawsuit

Published September 25, 2014 - 1:58pm CST

Legal wrangling is threatening to drive a wedge between two famous golfers.

Health care provider settles N.Y. charges of substandard care for $200,000

By: Bill Kenealy

Published September 25, 2014 - 12:12pm CST

A health care company has agreed to pay $200,000 in fines to settle charges of providing substandard care to New York prison inmates, New York Attorney General Eric T. Schneiderman said Thursday.

Restaurant chain Jimmy John's reports data breach at 216 stores

Published September 24, 2014 - 4:50pm CST

(Reuters) — Sandwich restaurant chain Jimmy John's said there was a potential security breach involving customers' credit and debit card data at 216 of its stores and franchised locations this summer.

Your medical record is worth more to hackers than your credit card

Published September 24, 2014 - 2:50pm CST

(Reuters) — Your medical information is worth 10 times more than your credit card number on the black market.

More companies forming data breach plans, but effectiveness questioned: Study

By: Judy Greenwald

Published September 24, 2014 - 12:44pm CST

While more companies have data breach response plans and teams in place, only 30% of executives rate their firms as effective in developing and executing them, says a study issued Wednesday by Ponemon Institute L.L.C.

Taiwan government investigates Chinese smartphone firm

Published September 24, 2014 - 11:39am CST

(Reuters) — The Taiwanese government is investigating whether Xiaomi Inc., China's leading smartphone company by domestic shipments, is a cyber security threat and will make a decision within three months.

U.S. hospitals unprepared to handle Ebola waste

Published September 24, 2014 - 9:49am CST

(Reuters) — U.S. hospitals may be unprepared to safely dispose of the infectious waste generated by any Ebola virus disease patient to arrive unannounced in the country, potentially putting the wider community at risk, biosafety experts said.

PBGC proposing to require employer disclosure of lump-sum pension offers

By: Jerry Geisel

Published September 24, 2014 - 9:37am CST

The Pension Benefit Guaranty Corp. has disclosed that it intends to require employers to report to the agency offers they make to pension plan participants to convert their monthly annuity to a cash lump sum benefit.

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