Business Insurance

Login  |  Register Subscribe

Business Risks Subscribe to RSS feed for '338'

Brink's offers lump-sum payment to former employees

By: Rob Kozlowski, Pensions & Investments

Published August 29, 2014 - 4:32pm CST

The Brink's Co., Richmond, Va., announced on Friday it has offered certain former employees who are vested in its U.S. defined benefit plan the option to accept a lump sum.

Ex-Little Caesar manager sues over denial of same-sex spousal benefits

By: Matt Dunning

Published August 29, 2014 - 3:27pm CST

A former Little Caesar Enterprises Inc. employee has sued the company for denying spousal health insurance to married same-sex couples in California.

Senior execs increasingly more hands-on in medical stop-loss decisions: Study

By: Matt Dunning

Published August 29, 2014 - 2:13pm CST

As high-cost medical claims continue to rise among employers that self-insure their group health benefits, the number of senior executives, financial officers and risk managers involving themselves in their company’s decisions regarding stop-loss insurance is also increasing.

Lufthansa's Germanwings pilots strike as pension row rumbles on

Published August 29, 2014 - 10:05am CST

(Reuters) — Pilots at Lufthansa's budget carrier Germanwings staged a six-hour strike on Friday, disrupting travel plans of thousands of people returning from summer holidays and putting pressure on Lufthansa management in a pension scheme dispute.

China arrests six staff members at meat supplier after food safety scare

Published August 29, 2014 - 9:38am CST

(Reuters) — Chinese police have formally arrested six staff menbers from a unit of U.S. meat supplier OSI Group Inc., the company said in a statement on Friday.

Iceland lowers volcano alert, says small eruption no threat to aviation

Published August 29, 2014 - 9:24am CST

(Reuters) — Iceland reduced its aviation warning level to orange on Friday after concluding that a small eruption in the Bardarbunga volcano system that triggered an hours-long red alert actually posed no threat to aircraft.

Honda to recall 63,200 vehicles over Takata air bag defect

Published August 28, 2014 - 1:05pm CST

(Reuters) — Honda Motor Co. is recalling about 63,200 vehicles due to a defect in driver-side air bags made by Takata Corp., the latest in a series of air bag recalls across the industry that have affected nearly 16 million vehicles to date.

JPMorgan probes possible cyber attack; other banks reportedly hit

Published August 28, 2014 - 9:02am CST

(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.

Malaysia police arrest 42 foreigners after riot at export factory

Published August 27, 2014 - 10:38am CST

(Reuters) — Malaysian police have arrested 42 men after a riot by up to 1,000 mostly Nepalese workers sparked fires and destroyed parts of an electronics export factory, highlighting accusations of poor conditions.

GM ignition-switch fund receives claims for more than 100 deaths

Published August 27, 2014 - 10:19am CST

(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.

RBS mortgage fine deals blow to boss McEwan

Published August 27, 2014 - 10:09am CST

(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.

Philip Morris ordered to defend fraud suit over U.S. military vendors

Published August 26, 2014 - 4:46pm CST

(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.

U.S. inspector wanted reactor shut on quake fears: Report

Published August 26, 2014 - 11:03am CST

(Reuters) — A federal nuclear inspector urged U.S. regulators to shut down a California nuclear power plant until tests showed its reactors could withstand quake shocks.

Heinz recall brings food tracking issue to the fore in China

Published August 25, 2014 - 12:04pm CST

(Reuters) — The entanglement of H.J. Heinz Co. in China's latest food scare highlights a key concern for international and local firms.

Banks to meet with Treasury Department on cyber threats: Sources

Published August 25, 2014 - 10:12am CST

(Reuters) — A group of Wall Street banks plan to meet the U.S. Treasury Department and other government officials next month to talk about how to cooperate to fend off cyber attacks.

Sony says PlayStation network back online; user data safe

Published August 25, 2014 - 9:59am CST

(Reuters) — Sony Corp.'s PlayStation Network was back online on Monday following a cyber attack that took it down over the weekend that coincided with a bomb scare.

Malware breach at 51 UPS stores 'fully contained': Company

By: Judy Greenwald

Published August 21, 2014 - 2:38pm CST

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.

Car rental firm Hertz is latest victim of auto recalls

Published August 21, 2014 - 11:31am CST

(Reuters) — While an improving U.S. economy has helped rev up demand for car rentals, the rental companies have found themselves short of vehicles due to the slew of recalls by car manufacturers this year.

After Russia targets McDonald's, businesses wonder who's next

Published August 21, 2014 - 11:19am CST

(Reuters) — Russia said on Thursday it was investigating dozens of McDonald's restaurants, in what many businessmen said was retaliation for Western sanctions.

EMT's disability lawsuit over counseling for affair reinstated on appeal

By: Judy Greenwald

Published August 20, 2014 - 2:17pm CST

A former emergency medical technician who was fired after she refused psychological counseling that was required by a supervisor concerned about her “immoral” sexual conduct.

Macy's to pay $650,000 to resolve 'shop-and-frisk' probe

Published August 20, 2014 - 11:57am CST

(Reuters) — Macy’s Inc. has agreed to pay $650,000 to New York’s attorney general and install a monitor to resolve allegations that its security personnel targeted minority shoppers.

OFF BEAT: Adjuster who drove her way out of a job winds up with settlement

Published August 20, 2014 - 10:19am CST

Even when a loss assessor contributes to losses for the insurer she works for it’s apparently not sufficient grounds in Ireland to fire her.

Oil spill from power plant closes 15-mile stretch of Ohio River

Published August 19, 2014 - 2:25pm CST

(Reuters) — The U.S. Coast Guard closed a 15-mile stretch of the Ohio River on Tuesday after at least five thousand gallons of fuel oil spilled from a 60-year-old power plant owned by Duke Energy 20 miles east of Cincinnati.

Heinz to tighten supplier controls in China after infant food scare

Published August 19, 2014 - 12:25pm CST

(Reuters) — U.S. foodmaker H.J. Heinz Co. said it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food products from Chinese store shelves.

GM expands website for owners of recalled vehicles

Published August 19, 2014 - 11:34am CST

(Reuters) — General Motors Co.'s website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said.

More »