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Reinsurance uptake greater in catastrophe-prone regions

By: Judy Greenwald

Published May 27, 2016 - 12:27pm CST

Insurers in regions that are susceptible to large natural catastrophes buy more reinsurance than those where catastrophes are less likely, says the Federal Reserve Bank of Chicago.

E.U. bank cyber stress tests urged

By: Thomson Reuters

Published May 27, 2016 - 10:43am CST

(Reuters) — Domestic authorities in European Union member states are being told to stress-test their financial institutions for cyber risks.

U.S. panel launches trade secret theft probe into China steel

By: Thomson Reuters

Published May 27, 2016 - 10:22am CST

(Reuters) — U.S. regulators launched an investigation on Thursday into complaints by United States Steel Corp. that Chinese competitors stole its secrets and fixed prices, in the latest trade spat between the two countries.

RIMS sounds alarm on latest OSHA injury-reporting rules

By: Donna Mahoney

Published May 26, 2016 - 3:50pm CST

The new electronic recordkeeping rule issued by OSHA has drawn concern from the risk management community, the Risk & Insurance Management Society Inc. said Thursday.

Bank hack in Philippines linked to SWIFT malware

By: Thomson Reuters

Published May 26, 2016 - 3:37pm CST

(Reuters) — The malware that was used to steal $81 million from Bangladesh's central bank has been linked to another cyber attack, this time on a bank in the Philippines, cyber security company Symantec Corp. said in a blog post on Thursday.

FDA approves first implant to treat opioid addiction

By: Thomson Reuters

Published May 26, 2016 - 2:54pm CST

(Reuters) — The first-ever implant to fight addiction to opioids, a class of drugs that includes prescription painkillers and heroin, was approved by the U.S. Food and Drug Administration on Thursday.

Transgender rights opponents sue federal agencies over equality rules

By: Judy Greenwald

Published May 26, 2016 - 12:46pm CST

Officials from 11 states have filed a lawsuit against the Obama Administration in response to its position in favor of civil rights for transgender individuals.

Liberty Mutual employees score victory in pension fight

By: Shelby Livingston

Published May 26, 2016 - 12:01pm CST

An appeals court handed a victory to several Liberty Mutual Insurance Co. employees ruling they could pursue claims against the insurer.

Battle lines emerge over OSHA electronic injury reporting rules

By: Gloria Gonzalez

Published May 25, 2016 - 3:46pm CST

With Jan. 1 implementation looming, two sides square off before the House subcommittee on workplace protections.

Whistleblowers gain protections as OSHA updates rules

By: Gloria Gonzalez

Published May 25, 2016 - 3:12pm CST

Agency turns attention to Food Safety Modernization Act, the latest of 22 federal statutes over which it has enforcement authority.

Employer settles EEOC charges brought by Filipino worker

By: Judy Greenwald

Published May 25, 2016 - 1:56pm CST

A North Dakota oilfield service company has agreed to pay $250,000 to settle U.S. Equal Employment Opportunity Commission charges that it discriminated and retaliated against a Filipino worker.

SEC investigating Chinese e-commerce firm Alibaba's accounting practices

By: Thomson Reuters

Published May 25, 2016 - 10:44am CST

(Reuters) — Alibaba Group Holding Ltd. said it was being investigated by the U.S. Securities and Exchange Commission over whether the Chinese e-commerce company’s accounting practices violated any federal laws.

Oklahoma regulators raise concerns on quake insurance rate hikes

By: Thomson Reuters

Published May 25, 2016 - 10:08am CST

(Reuters) — Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on Tuesday they were concerned with spiking rates for earthquake insurance coverage and diminishing competition among insurers.

NFL hall of famer guilty in workers comp scheme

By: Donna Mahoney

Published May 24, 2016 - 2:43pm CST

San Diego Charger turned workers comp lawyer sacked in tax fraud.

SWIFT to unveil new security plan after hackers' heists

By: Thomson Reuters

Published May 24, 2016 - 11:32am CST

(Reuters) — The SWIFT secure messaging service that underpins international banking said it plans to launch a new security program.

Official sues Domino's over alleged wage theft

By: Thomson Reuters

Published May 24, 2016 - 11:30am CST

(Reuters) — The New York attorney general's office on Tuesday sued Domino's Pizza Inc., claiming it is liable for wage theft by franchisees.

U.S. poised to go its own way on insurer SIFI regulation

By: Sarah Veysey

Published May 24, 2016 - 9:14am CST

The U.S. Federal Reserve appears likely to create its own capital rules for insurers deemed to be systemically important financial institutions and will not use the International Association of Insurance Supervisors capital rules for SIFIs, according to an analysis by Standard & Poor's Corp.

Supreme Court kicks Verizon pension derisking back to lower court

By: Jerry Geisel

Published May 23, 2016 - 5:12pm CST

Federal appeals court asked to review its earlier decision upholding the 2012 transfer of about $7.5 billion in benefit obligations to Prudential.

Retailer Pier 1 cited for blocked exits, other hazards

By: Gloria Gonzalez

Published May 23, 2016 - 4:33pm CST

Company faces $101,000 in penalties for safety violations at store in Glendale, Wisconsin.

Supreme Court attorneys' fees ruling hits home with EEOC suits

By: Judy Greenwald

Published May 23, 2016 - 4:01pm CST

High court finds a case doesn't have to be decided on its merits to create a prevailing party entitled to legal costs.

World Bank to offer protection against pandemics

By: Rob Lenihan

Published May 23, 2016 - 3:31pm CST

As the first such insurance market, new financing facility will accelerate global and national responses to outbreaks with pandemic potential.

Transgender bathroom law prompts employer action

By: Louise Esola

Published May 22, 2016 - 12:01am CST

North Carolina law limiting washroom use to birth sex opens door to discussion while raising barriers.

Federal court to be new battlefield for trade secret violation disputes

By: Judy Greenwald

Published May 22, 2016 - 12:01am CST

The Defend Trade Secrets Act of 2016, which President Barack Obama signed into law earlier this month, establishes a smoother legal path for businesses pursuing trade secrets litigation by letting them take their case to federal court.

Injury records rule may lead to more citations

By: Gloria Gonzalez

Published May 22, 2016 - 12:01am CST

OSHA's anti-retaliation provision set to take effect in three months raises concerns for employers.

Federal Reserve to release insurer capital standards soon

By: Mark A. Hofmann

Published May 20, 2016 - 1:56pm CST

The Federal Reserve plans to unveil its approach in formulating capital standards for insurers it oversees in “coming weeks.”

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