Business Insurance

Login  |  Register Subscribe

Most Read Specialty Risks News

OFF BEAT: Reporter fired for moonlighting as stripper files EEOC complaint

Published May 11, 2012 CST

A Texas reporter got canned for showing her cans when her employer learned she moonlighted as a stripper.

Penn State's assistant coach McQueary plans to sue university

Published May 10, 2012 CST

STATE COLLEGE, Pa.—Pennsylvania State University assistant football coach Michael J. McQueary this week filed notice of his intention to bring a lawsuit against the university in connection with the child sexual abuse allegations against former assistant football coach Gerald A. Sandusky.

Beazley offers data breach protection to small firms

Published May 11, 2012 CST

FARMINGTON, Conn.—Beazley P.L.C. has announced the launch of a data breach protection service for smaller firms.

76% of IT decision-makers predict cloud applications will be breached: Survey

Published May 11, 2012 CST

SAN JOSE, Calif.—More than three-quarters of information technology decision-makers predict their cloud applications are likely to be breached, according to a survey of 1,300 officials in 13 countries by Cisco Systems Inc.

New Solution Arc: Toughest Workers Comp Claims

Published May 14, 2012 CST

With a relatively small percentage of workers comp claims responsible for a large proportion of employers' costs, how can workers comp managers better address those claims to yield big savings?

OFF BEAT: Man who claims he co-founded Facebook loses defamation suit

Published May 14, 2012 CST

An alleged Facebook founder has lost a lawsuit in which he complained he was deprived of his day in the sun.

'Honest belief' that worker abused FMLA leave shields employer from retaliation charge

Published May 11, 2012 CST

CINCINNATI—A company's “honest belief” that a worker had abused his disability leave shields it from being accused of retaliation under the Family and Medical Leave Act for his subsequent termination, says an appellate court.

Company settles age discrimination lawsuit with EEOC for $400,000

Published May 14, 2012 CST

DALLAS—Central Freight Lines Inc. has agreed to settle an age discrimination lawsuit brought by the Equal Employment Opportunity Commission on behalf of eight former dockworkers for $400,000, the agency said.

Asbestos trust funds needs greater transparency to prevent fraud: Witnesses

Published May 10, 2012 CST

WASHINGTON—The congressionally created system of asbestos trust funds needs greater transparency to prevent potential fraud, a series of witnesses told a House panel Thursday.

Judge lets Fruit Roll-Ups lawsuit proceed

Published May 11, 2012 CST

SAN FRANCISCO (Reuters)—General Mills Inc. must defend a lawsuit that claims the food company deceived consumers into believing its Fruit Roll-Ups and Fruit by the Foot snacks are made with real fruit.

PERSPECTIVES: Chinese drywall ‘crisis': Its impact on insurers and the future of litigation

Published May 11, 2012 CST

The “Chinese drywall crisis” hit when the southeastern United States suffered a shortage of building materials after several major hurricanes. Andrea Cortland, an associate in the global insurance group at Cozen O'Connor, looks back at the predictions made about insurance companies concerning drywall and how the crisis changed the industry.

OPINION: Cyber security legislation hampered by partisanship

Published May 13, 2012 CST

While Republicans and Democrats squabble over cyber security legislation provisions, businesses are being left in the lurch.

EEOC to publish discrimination charge statistics online

Published May 14, 2012 CST

WASHINGTON—The U.S. Equal Employment Commission said Monday it is making its private sector workplace discrimination charge statistics for each of the 50 states and U.S. territories available online for fiscal years 2009-2011.

Allied World Bermuda offers enhanced Side A directors and officers coverage

Published May 10, 2012 CST

PEMBROKE, Bermuda—Allied World Bermuda has launched a directors and officers liability policy that provides broad Side A coverage for nonindemnified losses.

Cyber security bills hit federal roadblock

Published May 13, 2012 CST

WASHINGTON—Issues of whether business' cyber liability risks should be regulated and privacy protection are standing in the way of needed federal cyber security and privacy legislation, experts say.

Judge tells insurer to pay insider trading legal fees—for now

Published May 10, 2012 CST

NEW YORK (Reuters)—A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal fees of several former hedge fund managers and traders caught up in an insider trading investigation.

OFF BEAT: Nudist colony deliveries too up close and personal for letter carriers

Published May 15, 2012 CST

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.

Dewey employee sues over layoff notice

Published May 10, 2012 CST

NEW YORK (Reuters)—A Dewey & LeBoeuf employee filed a lawsuit on Thursday accusing the U.S. law firm that has been hit by a wave of partner defections of failing to give workers enough notice of layoffs.

Property/casualty insurance rates up 3% in April: MarketScout

Published May 04, 2012 CST

The composite rate for commercial property/casualty and professional lines coverage increased an average of 3% in April 2012 compared with the same month a year ago, MarketScout said Friday.

N.Y. landlord, sex offender settle Fair Housing Act case for $2M

Published May 09, 2012 CST

NEW YORK—A New York landlord who had employed as a superintendent a registered sex offender who had sexually harassed female tenants has reached a $2 million settlement with the U.S. attorney for the Southern District of New York.

Pentagon to tighten contractors' cyber security

Published May 11, 2012 CST

WASHINGTON (Reuters)—The U.S. Defense Department invited all of its eligible contractors on Friday to join a previously restricted information-sharing pact aimed at guarding sensitive Pentagon program data stored on private computer networks.

Pharmaceutical sales reps exempt from FLSA overtime rules: Court

Published May 10, 2012 CST

CHICAGO—An appellate court has ruled that pharmaceutical firms are exempt from paying their sales representatives overtime under the administrative exemption to the Fair Labor Standards Act's overtime requirements.

Honda wins appeal over Civic hybrid fuel economy

Published May 10, 2012 CST

(Reuters)—Honda Motor Co. has won the reversal of a $9,867 small-claims judgment awarded to an owner who claimed the Japanese automaker fraudulently overstated the fuel economy of her Civic hybrid car.

FBI launches probe of JPMorgan, shareholders back Dimon

Published May 15, 2012 CST

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. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.

Hostile environment claim by gay employee upheld by court

Published May 13, 2012 CST

HARTFORD, Conn.—In its first ruling on the issue, the Connecticut Supreme Court has upheld a hostile work environment claim brought by a gay employee.