Interest in using captives to insure medical stop-loss coverage growing
SCOTTSDALE, Ariz. — The use of captives to insure stop-loss coverage for self-funded health benefits was the largest area of employee benefits interest among the participants in the “14th annual...
View ArticleFederal prosecutors open criminal probe of GM recall: Source
(Reuters) — Federal prosecutors are examining whether General Motors Co.
View ArticleRisk managers should select cloud providers carefully: Summit panelist
NEW YORK — With few barriers to entry and low start-up costs, companies looking to put data in the cloud need to make sure their cloud service providers are viable and going to be there when they need...
View ArticleEmbrace insurance complexity when operating abroad: Summit panelists
NEW YORK — The extent to which it is possible for multinational companies to assemble a global insurance program that satisfies compliance obligations in all relevant jurisdictions is largely a matter...
View ArticleSpeak CFO's language to get C-suite involved in risk management
NEW YORK — To engage the corporate leadership of an organization about insurance matters, risk managers must reach the chief financial officer, and to reach the CFO, one must speak the language of...
View ArticleMost firms unprepared for a social media crisis: Risk summit panel
NEW YORK — Despite its ubiquity in corporate communications and marketing, a startling percentage of companies has no formal strategy for addressing the liability exposures and reputational risks...
View ArticleWith vigilance, much workplace violence preventable, panelists say
NEW YORK — Workplace violence is a growing problem in the U.S, yet many of the incidents could be prevented, a group of experts said Wednesday.
View ArticleRisk managers will face cyber crime, terrorism for generations: Tom Ridge
NEW YORK — The dual threats of cyber crime and terrorism will continue to challenge risk managers and government officials for generations to come, said Tom Ridge, former secretary of the U.S....
View ArticleGM pressured to compensate victims in faulty ignition crashes
(Reuters) — General Motors Co. is facing increasing pressure to compensate victims for an ignition defect that prompted the recall of 1.
View ArticleOnline retailer NoMoreRack.com probes likely card breach: Report
(Reuters) — Online retailer NoMoreRack.com is going through its second forensic audit in seven months to investigate a potential breach of customer card data, computer and cyber security blog...
View ArticleAIG awards bonuses to top executives, cites risk management
Several senior executives at American International Group Inc. — including President and CEO Robert Benmosche — received handsome bonuses for 2013 for exceeding business targets.
View ArticleLawyers ply the Internet to score clients for GM lawsuits
(Reuters) — General Motors Co. may face lawsuits for millions of dollars over its recall of 1.6 million cars, but first lawyers have to find clients if they hope to get a foot in the courthouse door.
View ArticleFAA review says Boeing 787 Dreamliner is safe
(Reuters) — The Boeing 787 Dreamliner, grounded for months last year after battery overheating problems, is soundly designed and safe to fly, a joint review by the planemaker and the Federal Aviation...
View ArticleGALLERY: 2014 Risk Management Summit
See photos from Business Insurance's 2014 Risk Management Summit, held in New York on March 12-13.
View ArticleReinsurers open up about risk management targets: Study
A new study by Guy Carpenter & Co. L.L.C. shows that most reinsurers are managing capital with metric-based frameworks and are publishing more about their risk management targets than had been in...
View ArticleFirms facing greater risk management capability struggles: Report
While businesses around the world are facing increased risks, the business changes companies are undertaking to address market shifts are creating “capability gaps” in risk management, according to a...
View ArticleCyber crime risks require industry cooperation: Symposium speakers
CHICAGO — Mitigating the spreading threat of cyber crime requires a commitment to cooperation between risk managers, brokers and insurers, speakers said Thursday at the ninth annual Symposium given by...
View ArticleLloyd's leads property insurance program covering CTA train crash
Insurers at Lloyd's of London lead a property insurance program covering the Chicago Transit Authority, which operates a light rail commuter train that crashed through a platform early Monday morning...
View ArticleU.S. prosecutors eye new approach on company misconduct after Toyota
(Reuters) — U.S. prosecutors are considering using the legal theory behind a $1.2 billion penalty imposed on Toyota Motor Corp.
View ArticleCN Rail to phase out fleet of older oil tank cars in four years
(Reuters) — The Canadian National Railway Co.
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