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Business Insurance
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5/18/2012 1:13:51 PM
MIDDLETON, Mass.—A Massachusetts adhesive manufacturer will pay $600,000 in fines for numerous safety infractions after a March 2011 explosion that injured four workers.
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Business Insurance
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5/16/2012 2:25:08 PM
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Business Insurance
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5/18/2012 12:45:10 PM
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Business Insurance
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5/16/2012 12:48:25 PM
ITASCA, Ill.—The board of directors of Arthur J. Gallagher & Co. has appointed three new corporate vps, the Itasca, Ill.-based brokerage announced Wednesday.
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Business Insurance
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5/18/2012 12:24:32 PM
PLEASANTON, Calif.—Safeway Inc. will indemnify its directors and officers against all expenses, settlements and other losses incurred in litigation, the supermarket chain said in a U.S. Securities and Exchange Commission filing Tuesday.
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Business Insurance
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5/16/2012 12:17:05 PM
Premium growth and lower catastrophe costs helped allow U.S. property/casualty insurance companies to begin 2012 with positive net income, according to a report released this week by Moody’s Investors Service Inc.
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Business Insurance
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5/18/2012 11:52:44 AM
The total number of securities class action lawsuits held steady during the first quarter of 2012, although the number of suits filed against Chinese reverse merger companies fell, according to a report by insurance broker Woodruff-Sawyer &Co.
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Business Insurance
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5/16/2012 12:00:46 PM
WASHINGTON—Prominent insurance attorney Charles Landgraf has left Dewey & LeBoeuf L.L.P. to join Arnold & Porter L.L.P. as a partner in the law firm's Washington office, Arnold & Porter announced Wednesday.
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Business Insurance
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5/18/2012 10:27:58 AM
Three-quarters of U.S. pharmacy benefit plan sponsors surveyed said persistent unhealthy behavior among employees is their most vexing challenge, according to a study released Thursday by St. Louis-based Express Scripts Inc.
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Business Insurance
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5/16/2012 10:56:53 AM
(Reuters)—Bailed-out insurer American International Group Inc. will sell its shares in Asian insurer AIA Group Ltd. after a lock-up period expires in early September, CEO Bob Benmosche said on Wednesday.
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Business Insurance
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5/18/2012 8:49:38 AM
ATLANTA—A teacher at a Christian school, who was fired after she told the administration she had become pregnant before her marriage, has presented sufficient evidence to establish she may have been terminated because of her pregnancy, and not the...
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Business Insurance
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5/16/2012 10:46:26 AM
A new study suggests that the number of extreme rain storms—those producing three inches or more of rain per day—have more than doubled in the Midwest over the past half century, often resulting in worsened flooding.
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Business Insurance
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5/18/2012 8:38:56 AM
PEMBROKE, Bermuda—Joseph Henry will become AXIS Capital Holdings Ltd.’s chief financial officer effective June 18, the Bermuda-based insurer and reinsurer announced Friday.
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Business Insurance
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5/16/2012 10:35:14 AM
MANHATTAN BEACH, Calif.—Skechers USA Inc. said Wednesday it has reached a $50 million settlement of all domestic legal proceedings relating to advertising claims it made in connection with its rocker-bottom toning shoe products.
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Business Insurance
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5/18/2012 8:30:56 AM
NEW YORK—The New York Compensation Insurance Rating Board is seeking an 11.5% workers compensation rate increase, citing increased claims frequency among other cost drivers.
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Business Insurance
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5/16/2012 9:37:29 AM
COLUMBIA, Mo.—Missouri legislators have passed a workers compensation bill that aims to prevent injured workers from suing their co-workers over workplace accidents.
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Business Insurance
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5/18/2012 8:14:04 AM
A former Florida mail carrier was convicted of health care fraud Tuesday after she competed in dozens of distance running events—including the Boston Marathon—while collecting workers compensation benefits.
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Business Insurance
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5/16/2012 9:34:20 AM
Classify this one under no good deed goes unpunished: A Detroit groundskeeper who turned into police a loaded gun he found was fired by his bosses for gun possession.
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Business Insurance
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5/18/2012 7:30:00 AM
(Reuters)—Random inspections of U.S. industrial workplaces lower the risk of workers being injured on the job and have no measurable negative effect on the companies inspected, according to a study in the journal Science.
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Business Insurance
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5/16/2012 9:00:00 AM
PARIS (Reuters)—Google Inc. will meet with France's data protection watchdog next week to answer questions about its new user privacy policy as part of a Europe-wide investigation being led by the French regulator.
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Business Insurance
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5/17/2012 2:18:45 PM
MONTPELIER , Vt.—Vermont became the first state in the country to ban the controversial practice of hydraulic fracturing, which is widely known as fracking, when Gov. Peter Shumlin signed the ban into law Wednesday.
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Business Insurance
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5/16/2012 8:30:00 AM
NEW YORK (Reuters)—JPMorgan Chase & Co. on Wednesday was the target of two separate lawsuits by shareholders accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.
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Business Insurance
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5/17/2012 1:05:21 PM
Two Chicago-area bakers are suing their co-workers over a huge amount of bread, but not the edible kind.
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Business Insurance
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5/15/2012 1:29:27 PM
WASHINGTON—More than 200 employers and trade associations have signed a letter urging federal lawmakers to pass legislation that would allow pension plan sponsors to use higher interest rate assumption in valuing plan liabilities, cutting plan...
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Business Insurance
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5/17/2012 12:53:00 PM
WASHINGTON—The U.S. House of Representatives passed a measure Thursday that would extend the National Flood Insurance Program through June 30.
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Business Insurance
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5/15/2012 1:24:33 PM
The first quarter of 2012 was the most active quarter on record in the catastrophe bond market, according to data compiled by New York-based GC Securities, a division of MMC Securities Corp. and an affiliate of reinsurance brokerage Guy Carpenter & Co. L.
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Business Insurance
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5/17/2012 12:48:24 PM
NEW HAVEN, Conn.—An energy plant contractor and operator are suing an Aon P.L.C. unit for failing to provide adequate defense cost coverage in connection with a deadly 2010 explosion at a Middletown, Conn., construction project.
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Business Insurance
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5/15/2012 12:36:37 PM
Two letter carriers have filed a claim with the Equal Employment Opportunity Commission contending that having to deliver mail to a nudist colony creates a hostile work environment.
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Business Insurance
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5/17/2012 12:31:54 PM
CHICAGO—While many downtown office workers worry about commuting headaches during the NATO summit, two Chicago hospital systems are prepared for far worse possibilities.
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Business Insurance
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5/15/2012 12:17:08 PM
While cost increases for families enrolled in employer-sponsored preferred provider organizations have slowed since 2010, average total costs per family still hit an all-time high, according to a report released Tuesday by Seattle-based Milliman Inc.
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Business Insurance
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5/17/2012 12:30:00 PM
NEW YORK (Reuters)—New York's attorney general must review his predecessor's private emails relating to a probe of American International Group Inc. and decide whether to release them to the public, a state judge has ruled.
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Business Insurance
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5/15/2012 11:38:50 AM
WASHINGTON—The U.S. Department of Justice has reached settlements with two health care providers who allegedly refused to service people with HIV in violation of the Americans with Disabilities Act.
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Business Insurance
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5/17/2012 12:27:09 PM
CAMBRIDGE, Mass.—The Workers Compensation Research Institute says physicians who own ambulatory surgical centers perform more surgeries than doctors who don't own such facilities, which could become a factor in rising workers comp costs nationwide.
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Business Insurance
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5/15/2012 11:21:00 AM
LONDON—Torus Insurance Holdings Ltd. has named Tim Harris as group chief financial officer, the specialty insurer announced Tuesday.
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Business Insurance
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5/17/2012 12:21:04 PM
NEW YORK—The Pension Benefit Guaranty Corp. on Tuesday filed a lawsuit against Dewey & LeBoeuf L.L.P. to force the New York-based law firm to turn over its three pension plans to the agency and appoint it the plans' trustee.
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Business Insurance
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5/15/2012 10:23:00 AM
LAKELAND, Fla.—Cardinal Health Inc. reached an agreement with the U.S. Drug Enforcement Agency over allegations that its Lakeland, Fla., distribution center failed to ensure that controlled substances were not diverted for illegitimate uses.
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Business Insurance
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5/17/2012 12:19:09 PM
Racial and ethnic minority groups often shoulder a disproportionate burden of stress-related illnesses, which potentially puts them at greater risk for workplace health, safety and productivity problems, according to the U.S.
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Business Insurance
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5/15/2012 9:56:45 AM
JACKSON, Miss.—Mississippi Gov. Phil Bryant signed into law Monday a workers compensation reform bill that will require claimants to meet a higher burden of proof that their injuries were work-related.
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Business Insurance
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5/17/2012 12:06:44 PM
WASHINGTON—Unless federal regulators reverse course or Congress intervenes, the organization representing Catholic bishops says it will sue to stop implementation of a final Department of Health and Human Services rule that will require health...
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Business Insurance
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5/15/2012 9:45:00 AM
TAMPA, Fla. (Reuters)—The FBI has opened a probe into trading losses at JPMorgan Chase & Co., stepping up the pressure on the bank after the U.S.
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Business Insurance
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5/17/2012 11:46:03 AM
Efforts to reign in health care costs in the United States would be significantly undermined if the population of obese Americans rises by more than one-third in the next 20 years, as predicted in a study by the American Journal of Preventive Medicine...
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Business Insurance
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5/15/2012 9:15:00 AM
SHANGHAI (Reuters)—China's insurance regulator will allow insurers to invest in a wider range of corporate bonds and relax limits on equity and real estate investment, granting them greater freedom to seek higher returns and play a stronger role in...
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Business Insurance
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5/17/2012 9:52:44 AM
New York ranked first as the city presenting the lowest risk for recruiting, employing and relocating employees, according to a new study by Chicago-based Aon P.L.C.'s human resource and employee benefits unit Aon Hewitt.
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Business Insurance
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5/15/2012 8:56:32 AM
Itasca, Ill.-based Arthur J. Gallagher & Co. is continuing to make moves in the acquisition market.
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Business Insurance
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5/17/2012 7:15:00 AM
LONDON (Reuters)—British insurer Aviva P.L.C. will sell undeperforming businesses in a strategic overhaul after irate investors forced out its chief executive last week, the company said Thursday.
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Business Insurance
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5/15/2012 7:46:51 AM
FRANKFURT (Reuters)—Allianz S.E. warned on Tuesday that fallout from the euro zone crisis could cause it to stumble even though Europe's biggest insurer reported a 40% jump in first quarter earnings.
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Business Insurance
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5/17/2012 7:01:46 AM
Business Insurance is now accepting nominations for its annual spotlight of women doing outstanding work in commercial insurance, reinsurance, risk management, employee benefits and related fields. Get all the details.
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Business Insurance
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5/15/2012 7:45:00 AM
NEW YORK (Reuters)—Former American International Group Inc. Chief Executive Maurice R. Greenberg said New York's attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect reinsurance transactions.
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Business Insurance
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5/16/2012 2:44:24 PM
WASHINGTON—Newly hired federal employees participating in the $313 billion Thrift Savings Plan would have automatic escalation of their contributions under legislation introduced in the Senate.
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Business Insurance
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5/15/2012 7:39:07 AM
H.R. 3523, which passed the House of Representatives April 26, would help the private sector defend itself from cyber threats, according to its sponsor, but has been threatened with a veto from the Obama Administration.
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