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Panned on SIFIs, council wins support for cyber guidelines

By: Mark A. Hofmann

Published July 01, 2016 - 12:04pm CST

Insurers embrace Financial Stability Oversight Council call for cyber incident information sharing and other proposals.

Federal backstop drives more captives to terror market

By: Mark A. Hofmann

Published July 01, 2016 - 11:53am CST

The number of Marsh-managed captives actively accessing TRIPRA rose 17%, to 109 in 2015 from 93 in 2014, report shows.

Higher OSHA fines could deter all but largest employers

By: Gloria Gonzalez

Published July 01, 2016 - 10:53am CST

Maximum fines for workplace safety violations are set to increase by 78% in August.

Terrorism insurance backstop key to coverage availability

By: Mark A. Hofmann

Published July 01, 2016 - 9:12am CST

The federal terrorism insurance backstop ensures that terrorism coverage "remains available and generally affordable,” a report says.

Terrorism in Turkey

Published July 01, 2016 - 8:36am CST

Terrorism hits Istanbul airport while 'Brexit' fallout continues. That and more in Business Insurance week in pictures.

Bikini-related retaliation lawsuit reinstated on appeal

By: Judy Greenwald

Published June 30, 2016 - 2:20pm CST

A post office employee says she was fired after she refused her supervisor's requests for bikini pictures.

Comp manual tweaks could change some ratemaking classifications

By: Donna Mahoney

Published June 30, 2016 - 1:27pm CST

The National Council on Compensation Insurance Inc. has proposed two revisions to its basic manual that change some classifications because they provide insufficient data to use for ratemaking and loss costs in Texas.

Town's patriotic efforts flag after insurance hang-up

Published June 30, 2016 - 12:39pm CST

For a town in Maine, it's stars and strife.

OSHA hits auto parts maker for safety lapses

By: Gloria Gonzalez

Published June 30, 2016 - 11:24am CST

An Ohio auto parts manufacturer has been cited for egregious willful safety violations and is facing $3.4 million in proposed penalties from federal workplace safety regulators after two workers suffered severe injuries earlier this year.

Visa, MasterCard antitrust settlement with merchants is voided

By: Thomson Reuters

Published June 30, 2016 - 10:23am CST

A federal court threw out a $7.25 billion settlement among Visa, MasterCard and millions of retailers over credit card fees.

Underwriting group urges swift action on U.K.-E.U. trade proposals

By: Sarah Veysey

Published June 30, 2016 - 9:11am CST

The International Underwriting Association wants a new trading relationship between the U.K. and the E.U. as soon as possible.

Luxury goods company ordered to pay former Yves Saint Laurent designer

By: Thomson Reuters

Published June 29, 2016 - 2:53pm CST

(Reuters) — Luxury goods group Kering was ordered on Wednesday to pay $13 million to a former fashion designer Hedi Slimane in an interim court ruling on the way his departure from the company was handled, his lawyer said.

Firm settles with EEOC over mistreatment of lesbian worker

By: Judy Greenwald

Published June 29, 2016 - 1:29pm CST

A pallet management services company has agreed to pay $202,200 to settle one of the EEOC's first sexual orientation lawsuits.

State proposes rule changes to workers comp experience rating plan

By: Stephanie Goldberg

Published June 29, 2016 - 12:07pm CST

California's workers comp rating bureau is seeking regulatory updates that could affect comp policy pricing for employers.

Employers not sold on GOP health reform package

By: Jerry Geisel

Published June 28, 2016 - 3:51pm CST

A Republican health reform proposal scraps the so-called Cadillac tax, but has an equally objectionable provision, employers say.

Construction sector to see greatest impact of OSHA's new silica rule

By: Gloria Gonzalez

Published June 28, 2016 - 3:44pm CST

Construction employers will be required to comply with stricter silica exposure limits for workers by June 23, 2017.

SEC adopts rule on oil, mining payments to foreign governments

By: Thomson Reuters

Published June 28, 2016 - 12:07pm CST

(Reuters) — The U.S. Securities and Exchange Commission on Monday approved a rule requiring oil, gas and mining companies to disclose payments made to foreign governments, capping a process stalled in the courts for years.

Pollution scandal to cost VW at least $15 billion in U.S.

By: Thomson Reuters

Published June 28, 2016 - 11:57am CST

(Reuters) — Volkswagen A.G.’s settlement with nearly 500,000 U.S. customers and government regulators over polluting diesel vehicles is valued at more than $15 billion cash, two sources briefed on the matter said on Monday.

Chinese hacking said to be diminishing

By: Thomson Reuters

Published June 28, 2016 - 11:52am CST

(Reuters) — U.S. Assistant Attorney General John Carlin said on Tuesday that Chinese hacking activity appears to have declined since the Chinese government vowed last September to stop supporting the hacking of U.S. trade secrets.

Workplace safety standards rely on quality of data

By: Gloria Gonzalez

Published June 28, 2016 - 10:13am CST

NIOSH will analyze info gathered under OSHA's electronic record-keeping rule to identify new workplace safety hazards.

U.K. can't 'cherry-pick' on E.U. single-market access, labor groups say

By: Thomson Reuters

Published June 28, 2016 - 8:21am CST

(Reuters) — Britain will find it hard to retain access to the European Union's single market without accepting its rules on freedom of movement, the International Labour Organization chief and trade union leaders said Monday.

Financial leaders in London consider Norway option to save Europe ties

By: Thomson Reuters

Published June 27, 2016 - 4:26pm CST

The City of London is in talks with government officials as it seeks continued access to Europe after Britain's exit from the E.U.

Google dodges parents' web privacy appeal in class action lawsuit

By: Thomson Reuters

Published June 27, 2016 - 4:06pm CST

Plaintiffs claimed Google and Viacom illegally tracked the online activity of children under the age of 13.

Kraft faces price rigging lawsuit

By: Thomson Reuters

Published June 27, 2016 - 3:55pm CST

A federal judge refused to dismiss a lawsuit in which Kraft Heinz and Mondelez International are accused of price rigging.

SIFI overseer turns attention to cyber resilience

By: Mark A. Hofmann

Published June 27, 2016 - 3:50pm CST

The federal Financial Stability Oversight Council has turned its attention to cybersecurity among federal agencies.

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