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Missouri House bill seeks prescription drug monitoring

By: Stephanie Goldberg

Published February 27, 2015 - 1:26pm CST

The Missouri House of Representatives has passed a bill to enact a statewide prescription drug monitoring program.

Lenovo to allay security concerns with free McAfee LiveSafe

Published February 27, 2015 - 11:04am CST

(Reuters) — China's Lenovo Group Ltd. on Friday said it will offer free subscriptions to Intel Corp. security software to customers who bought laptops that were shipped with a program known as “Superfish,” which made PCs vulnerable to cyber attacks.

United Airlines warns pilots after four safety incidents

Published February 26, 2015 - 2:13pm CST

(Reuters) — United Continental Holdings Inc. warned its pilots last month to double down on safety procedures after one flight was in danger of crashing and another landed with fewer fuel reserves than regulations require, the airline confirmed Wednesday.

Tobacco companies to settle smoking lawsuits for $100 million

Published February 26, 2015 - 11:17am CST

(Reuters) — Three major U.S. tobacco companies — R.J. Reynolds Tobacco Co., Lorillard Inc. and Altria Group's Philip Morris USA — will pay $100 million to settle hundreds of federal lawsuits over smoking, according to an announcement from plaintiffs' lawyers.

SEC probes companies' treatment of whistleblowers

Published February 26, 2015 - 10:37am CST

(Reuters) - The U.S. Securities and Exchange Commission has sent letters to several companies asking for years of nondisclosure agreements, employment contracts and other documents to investigate whether companies are muzzling corporate whistleblowers, the Wall Street Journal reported.

Stricter filing rules limit number of M&A lawsuit venues

By: Judy Greenwald

Published February 25, 2015 - 2:49pm CST

Litigation challenging merger and acquisition activity is being filed in fewer courts, says a report released Wednesday.

Murdered prison guard’s family backs exclusive remedy reforms

By: Stephanie Goldberg

Published February 25, 2015 - 2:25pm CST

The family of a Nebraska detention center guard who was killed by an inmate is speaking out in support of a bill that would waive exclusive remedy in the case of “willful negligence” by an employer.

Goldman warns of federal lawsuit risk over mortgage bond sales

Published February 24, 2015 - 2:37pm CST

(Reuters) — Goldman Sachs Group Inc. said it could face a federal civil lawsuit after a government probe concluded that the bank had violated laws related to sale of residential mortgage-backed securities before the financial crisis.

RIMS touts value of risk committees

By: Mark A. Hofmann

Published February 23, 2015 - 2:29pm CST

Risk committees represent a “proven process for promoting a risk-aware workforce,” according to a report issued Monday by the Risk & Insurance Management Society Inc.

SIM card maker predicts no significant impact from hacking

Published February 23, 2015 - 11:13am CST

(Reuters) — SIM card maker Gemalto said on Monday its initial investigations into a report that U.S. and British spies had hacked its systems showed its products were secure and it thus did not expect a significant financial prejudice.

Yelp sues review websites, calls foul play

Published February 23, 2015 - 10:21am CST

Online review site Yelp, which aims to help people find local businesses through “honest and personal opinions,” is suing a company that offers businesses “complete review control” of customer reviews.

Lockheed Martin settles 401(k) fees case for $62 million

By: Pensions & Investments

Published February 20, 2015 - 3:21pm CST

Lockheed Martin Corp., Bethesda, Maryland, settled an employee class-action lawsuit over 401(k) plan fees for $62 million Friday.

Canada to require more oil/rail insurance, special fund

Published February 20, 2015 - 11:22am CST

(Reuters) — Canada will boost the minimum insurance railways will have to carry when they haul crude oil, and an additional fund will be set up with levies on oil shipments to cover major disasters, under legislation to be introduced on Friday, two sources familiar with the bill said.

Oil refineries face strike over union safety concerns

Published February 20, 2015 - 9:27am CST

(Reuters) — Union negotiators on Thursday rejected the latest contract offer from oil companies and said the largest U.S. refinery strike since 1980 may spread to more plants beyond the 11 where walkouts are underway.

Paralyzed truck driver awarded $25 million from bad faith suit

By: Stephanie Goldberg

Published February 19, 2015 - 3:16pm CST

A former truck driver who was paralyzed on the job has been awarded $25 million in punitive damages and $284,000 in compensatory damages by a Pottawattamie County, Iowa, jury.

Barclays wins reversal of liability ruling in $300 million dispute

Published February 19, 2015 - 3:16pm CST

(Reuters) — New York state’s top court on Thursday reversed a 2013 ruling that found Barclays P.L.C. liable in a $300 million dispute with hedge fund Black Diamond Capital over the British bank’s refusal to pay back collateral.

Incentive-based wellness programs gain popularity

By: Matt Dunning

Published February 19, 2015 - 3:06pm CST

More employers are adding health-contingent financial incentives to their workplace wellness programs in order to improve employees' health and reduce medical costs, according to new survey data released this week.

Schwan’s grocery delivery wins disability discrimination battle

By: Judy Greenwald

Published February 19, 2015 - 2:32pm CST

Schwan’s Home Service Inc., a frozen food delivery provider in the United States was not liable for disability discrimination for terminating a supervisor—who was not qualified to drive a truck because of health reasons— though truck driving did not appear in the job’s official written description, says a federal appeals court.

Freeze-up prevention checklist

Published February 19, 2015 - 1:55pm CST

Freeze, accompanied by extreme winter weather, can collapse roofs, rupture pipes, flood property, and halt production. FM Global offers tips on how to prepare for frigid conditions and avoid costly damages and business interruption.

Lockheed makes inroads in cyber security market

Published February 19, 2015 - 9:58am CST

(Reuters) — Lockheed Martin Corp., the No. 1 provider of information technology to the U.S. government, said it expected double-digit growth in its overall cyber security business over the next three to five years, and even bigger gains in the commercial sector.

Swiss Re offers cash to shareholders as reinsurance rates fall

Published February 19, 2015 - 9:20am CST

(Reuters) — Swiss Re Ltd., the world's second largest reinsurer, offered a bumper dividend payout and a share buyback on Thursday, as falling prices make it harder for reinsurers to put capital to work.

Farmers disappointed by restrictions in proposed drone rules

Published February 18, 2015 - 2:03pm CST

(Reuters) — U.S. farmers hoping to use drones to locate lost livestock or monitor trouble spots in their fields were disappointed by what they say are overly restrictive commercial drone rules proposed by the Federal Aviation Administration.

IRS to seek input on multiemployer suspensions

By: Hazel Bradford, Pensions & Investments

Published February 17, 2015 - 11:56am CST

The IRS will seek public input on how to handle benefit reductions now allowed for troubled multiemployer pension funds.

Real or fake? Waging war against counterfeit goods.

Published February 15, 2015 - 6:00am CST

Business Insurance's latest In Focus video takes a look at how Underwriters Laboratories is using its Global Security & Brand Protection program to take aim at counterfeit goods.

Traveling executives face a world of risk

By: Franc Jeffrey

Published February 15, 2015 - 6:00am CST

Traveling executives face many risks, ranging from fatigue to political issues, war exposures and kidnapping. Franc Jeffrey, CEO of EQ Travel, discusses what global travelers should watch out for and ways to lessen business travel risks.

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