Some track run by Quebec train-disaster firm in bad shape: Probe
(Reuters) — Some of the railway track operated by the firm whose train blew up in a Quebec town, killing 47 people, is in poor condition and does not meet safety standards, said federal Canadian...
View ArticleJPMorgan to spend $4B on compliance and risk controls: WSJ
(Reuters) — JPMorgan Chase & Co. plans to spend an additional $4 billion and commit 5,000 extra employees to fix risk and compliance issues after a slew of investigations by regulatory authorities,...
View ArticleAs Alabama flames fade, new oil-by-rail questions arise
(Reuters) — The second explosive oil-train derailment this year, which has finally burned out in rural Alabama, may raise new questions about the safety of the crude-by-rail boom.
View ArticleRisk managers urged to weigh qualitative, quantitative risk assessments
When preparing reports for their board of directors, risk managers need to carefully weigh the use of qualitative and quantitative risk assessments, according to an analysis the Risk & Insurance...
View Article90 tons of prepackaged salads, sandwiches recalled over E. coli fears
A Richmond, Calif.-based supplier of prepackaged salads and sandwiches has voluntarily recalled more than 90 tons of food from retailers in the Western United States due to possible E. coli contamination.
View ArticleArbitrator says Starbucks must pay Kraft in grocery fight
(Reuters) — Starbucks Corp. said on Tuesday an arbitrator has concluded that it must pay Kraft Foods Group Inc. $2.
View ArticleHouse panel hears from insurance industry experts on TRIA renewal
A Lloyd's of London executive told a U.S. House panel Wednesday that the federal government's terrorism insurance backstop should be renewed.
View ArticleBerkshire unit now reimburses pre-approved risk management services
Berkshire Hathaway Specialty Insurance Group, the Boston-based commercial insurance arm of Berkshire Hathaway Inc.
View ArticleEEOC hearing focuses on national origin discrimination
An employer attorney called for more guidance from the Equal Employment Opportunity Commission during a hearing Wednesday on challenges in complying with antidiscrimination laws with respect to...
View ArticleAppellate court ruling finds The Money Store may have violated law
The Money Store may have violated federal law when it hired a law firm that allegedly misleadingly told consumers it had been hired to collect its debts, says an appellate court, in overturning a lower...
View ArticleCourt finds Wendy's captive is insurance company for tax purposes
The Illinois Appellate Court has held that Wendy's International Inc.'s Scioto Insurance Co. captive is an insurance company for purposes of Illinois taxes.
View ArticleVW hit by 2.6 million vehicle recall focused on China
(Reuters) — Volkswagen A.G. is recalling over 2.6 million cars, about one-third of them in China, to fix a variety of problems, a blow to a group striving to overtake Toyota Motor Corp. and General...
View ArticleACA altering directors and officers liability coverage pricing: Marsh
The Affordable Care Act is altering the price for directors and officers liability coverage for health care companies, a report issued Tuesday by Marsh Inc. finds.
View ArticleCourt reverses ruling on Great American-Zurich subrogation dispute
A unit of Great American Insurance Co. can assert a subrogation claim as a second-level excess insurer against a first-level excess insurer that is a unit of Zurich North America, an appeals court has...
View ArticleApple says death at Pegatron unrelated to working conditions
(Reuters) — The death of a 15-year-old worker was not caused by working conditions at a Pegatron Corp. factory, according to medical experts sent to the factory by Apple Inc.
View ArticleChinese men try to steal U.S. seed technology
(Reuters) — Three Chinese nationals, including one who attended a gala dinner for the then-vice president of China, have been charged in two separate cases of trying to steal seed technology trade...
View ArticleD&O insurance rates decreased in third quarter: Aon Risk Solutions
Directors and officers liability insurance pricing decreased in the third quarter primarily because of declines in pricing for excess coverage, even though primary rates increased, according to a...
View ArticleMiddle East, North Africa elevated on 2014 Political Risk Map
Risk for direct foreign investors operating in the Middle East and North Africa has risen markedly in the wake of the Arab Awakening, insurance broker Marsh Inc. and risk analytics firm Maplecroft Ltd....
View ArticleCalifornia tops tort reform group's 2013 list of 'judicial hellholes'
Civil courts in California, Louisiana, New York City, West Virginia, South Florida, and Madison and St.
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