Italian companies lose $900 million to cyber attacks
Italian companies lose around $900 million per year to cyber attacks and data theft.
Horse-and-buggy car insurance fraudster weaves tale of whoa
A Connecticut man has been charged with two counts of insurance fraud for swapping horsepower for a horse and buggy after he allegedly damaged a parked car last May.
Safety experts sound alarm on addiction-related workplace deaths
The drug addiction epidemic is increasingly being felt in U.S. workplaces, with fatal overdoses rising at a shocking and alarming rate, according to safety experts analyzing the latest government statistics on workplace deaths.
China to be world’s fastest-growing insurance market
Chinese insurance industry experts have said that the country will continue to be the world’s fastest-growing insurance market in the next decade.
Sydney hailstorm causes nearly $500 million of damage
The Insurance Council of Australia said the hailstorm that hit Sydney and parts of New South Wales in December 2018 caused more than $670 million Australia ($478 million) worth of damage.
New regulations to improve insurers’ access to reinsurance
U.S.-based credit ratings agency Moody’s Investor Service Inc. said that new reinsurance regulations that came into effect in India on Jan. 1 will improve local insurers’ access to reinsurance and help them manage their underwriting risk.
Everest Re’s CEO to retire
Dominic J. Addesso, president and CEO of Everest Re Group Ltd., has said that he will retire at the end of his contract term on Dec. 31.
Continental Re eyes further expansion at home
Femi Oyetunji, CEO of Nigeria-based Continental Reinsurance P.L.C., said the reinsurer will increase the amount of capital it has dedicated to Nigeria.
Two quakes strike Venezuela
Two earthquakes struck Venezuela’s north coast within hours on Jan. 7.
Zurich North America taps group captives head
Jason Meador was named the head of group captives for alternative markets for Zurich North America effective Jan. 1, succeeding Terry McCafferty.
Poor childbirth outcomes trigger claims, heightened risk attention: Coverys
Poor outcomes related to childbirth are rare events, but continue to trigger malpractice claims and warrant increased attention from a risk management perspective, according to a new analysis.
Former Insys CEO to plead guilty in opioid kickback case
(Reuters) The former chief executive of Insys Therapeutics Inc. is expected on Wednesday to plead guilty to participating in a scheme to pay doctors bribes in exchange for prescribing an addictive opioid medication.
Bills would affect pharmacy payments, occupational health
Pharmacists may be able to collect interest on unpaid bills in the comp system and employers may see occupational health centers in New York as lawmakers on Wednesday sent two workers compensation bills to committee.
Swiss Re offers parametric coverage for water-level risks
Swiss Re Corporate Solutions Ltd. on Tuesday launched a parametric insurance product that offers up to $50 million in coverage to European companies for financial losses resulting from high or low river levels. An index-based product, FLOW covers lost revenue due to business interruption, or increased costs due to risk mitigation measures, the Swiss Re […]
MSHA reports second-lowest number of mining fatalities on record
Mining fatalities in 2018 were the second-lowest on record, according to the U.S. Department of Labors Mine Safety and Health Administration.
OSHA, MSHA unaffected by shutdown; CSB workers furloughed
Both the U.S. Occupational Safety and Health Administration and the Mine Safety and Health Administration are operational and fully funded through Sept. 30, but the Chemical Safety and Hazard Investigation Board is essentially shut down due to the government shutdown.
Cities sue pharma manufacturers, distributors over opioid crisis
Four cities in New York filed lawsuits against a group of opioid manufacturers and distributors, alleging that the companies misled health care providers about addiction risks and seeking financial reimbursement for the costs these cities have incurred due to the opioid crisis.
Norway considers excluding Huawei from building 5G network
(Reuters) Norway is considering whether to join other western nations in excluding China’s Huawei Technologies Co. Ltd. from building part of the Nordic country’s new 5G telecommunications infrastructure, its justice minister said on Wednesday.
Virginia considers expanding workers comp presumption
Lawmakers in Virginia on Wednesday introduced a workers compensation presumption bill that would add corrections officers and workers in the enforcement division of the Department of Motor Vehicles to those eligible for coverage of cancer, respiratory disease, hypertension and heart disease.
Fiat Chrysler nearing US diesel emissions settlement: Source
(Reuters) Fiat Chrysler Automobiles NV is nearing a settlement to resolve the U.S. Justice Departments allegations that the Italian-American automaker used illegal software to allow 104,000 U.S. diesel vehicles to pollute beyond legal limits, a person briefed on the matter said on Tuesday.