Property cat rates to rise in India in 2016: Experts
Experts have said that increasing incidents of natural catastrophes in India could lead to a rise in property and catastrophe insurance premiums in 2016, The Hindu BusinessLine reports. “We have seen multiple cyclones and flooding in major cities over the last three years which will definitely impact premium rates in the natural catastrophe segment,” said […]
Business cyber security disclosure bill introduced in U.S. Senate
Companies would have to disclose any cyber experts on their boards.
VW creates U.S. diesel emissions claims program
(Reuters) — Volkswagen of America Inc. on Thursday said it is creating an independent claims program for the owners of nearly 600,000 diesel vehicles that emit up to 40 times legally allowable emissions. The German automaker said it is naming compensation expert Ken Feinberg, who administered compensation funds for the Sept. 11, 2001, attacks, the […]
Endo Health to pay $39 million over fluoride labeling claims
(Reuters) — A generic drugmaker owned by Endo International P.L.C. has reached a $39 million settlement with the U.S. government and 47 states stemming from the unlawful labeling of multivitamins that contained fluoride. New York Attorney General Eric Schneiderman announced the settlement on Wednesday. The case stemmed from a 2013 whistleblower lawsuit filed under the […]
Listing London Christmas tree on safety watch
The Christmas tree in Trafalgar Square in London each festive season is one of the most iconic landmarks of the holiday period — it even has its own Twitter handle. But even icons are subject to health and safety fears. And the aftermath of recent stormy weather in the United Kingdom left the famous tree […]
Central bank says Dutch insurers ready for Solvency II
(Reuters) — Insurers in the Netherlands are ready for new regulations covering their financial strength and are applying them rigorously, the country’s central bank said Thursday, potentially putting the industry ahead of European competitors. De Nederlandsche Bank began applying Solvency II rules to Dutch insurers this year, even though they do not formally go into […]
Property cat rates to rise in India in 2016: Experts
Experts have said that increasing incidents of natural catastrophes in India could lead to a rise in property and catastrophe insurance premiums in 2016, The Hindu BusinessLine reports. “We have seen multiple cyclones and flooding in major cities over the last three years which will definitely impact premium rates in the natural catastrophe segment,” said […]
Insurance Council of Australia declares Sydney storm a catastrophe
The Insurance Council of Australia has declared the recent storms in the nation’s Sydney city as a catastrophe as heavy rains and winds of over 200 kilometers per hour hit the city, reports The Sydney Morning Herald. The storms have caused damage worth $8 million Australian ($5.8 million) and the figure is expected to rise […]
Number of bird flu cases in France increases
The French agriculture ministry said that the total number of cases of highly pathogenic bird flu has increased to 30 in the country, reports Reuters.The ministry also said that first three cases of low pathogenic H5N3 bird flu have been found at three farms in the nation. The strain has been found in one farm […]
LifeLock to pay $100 million to settle FTC contempt charges
Identity theft monitoring and fraud detection services provider charged with not doing its job.
Missouri high court’s disability ruling goes against case law
The Missouri Supreme Court’s ruling that an injured worker can collect temporary total disability benefits despite achieving maximum medical improvement is drawing criticism and concern from some observers.
Opioid prescribing plan lacks guidance on workers comp issues
The CDC’s long-awaited opioid prescribing guideline for chronic pain is a step in the right direction in terms of improving patient safety, but falls short when addressing long-term users.
Stolen medical records not limited to health care organizations
Medical record theft poses problems for numerous business sectors, including the insurance industry, which collects protected health information not directly related to health care.
Insurance industry urged to create diverse workforce
And doing so will take change from within, AIG chief diversity officer tells the <em>Business Insurance</em> Women to Watch conference in New York.
Insurance industry urged to create diverse workforce
And doing so will take change from within, AIG chief diversity officer tells the Business Insurance Women to Watch conference in New York.
State regulators fine Great America after mechanic hurt by roller coaster
California regulators fined the owners of California’s Great America theme park $70,200 for a roller coaster accident that critically injured a ride mechanic in June. The California Division of Occupational Safety and Health found that Cedar Fair L.P., the owner/operator of the Santa Clara, California-based amusement park, was at fault for the injury, which occurred […]
Manufacturing firm cited by OSHA for noise and toxic hazard violations
An Illinois manufacturing facility is facing $157,080 in proposed fines from federal regulators after exposing employees to noise and toxic hazards. The U.S. Occupational Safety and Health Administration cited Cicero, Illinois-based Electronic Plating Co. Inc. last week after an inspection determined the company failed to follow federal safety and health requirements, the agency said Tuesday […]
Envelope printer cited for safety violations after 3 amputations
Spate of injuries in four months seals an $88,000 fine for Envelope 1 Inc.
Product offers medical bill negotiation, out-of-network claims management
Health care expense management company CoPatient Inc.’s new offerings are aimed at helping to reduce overall health care costs.
Coca-Cola warehouse fined over safety violations
Repeat problems at New Jersey distribution center are the real thing for OSHA.