Data breach costs not assessed at most law firms: Survey
The vast majority of law firms view cyber security as one of the top 10 risks in their overall risk strategy but still have not assessed the potential cost of a data breach, says a survey.
View ArticleApple, Google settle U.S. poaching lawsuit for $415M
(Reuters) — Four Silicon Valley companies including Apple Inc. and Google Inc.
View ArticleGillette sues former employees for divulging trade secrets
(Reuters) — Procter & Gamble Co. unit Gillette filed a lawsuit against four former employees for disclosing trade secrets to ShaveLogic Inc., their current employer.
View ArticleFarmers Insurance to cover rideshare drivers between fares
Farmers Insurance Group of Cos. has rolled out a rideshare drivers coverage endorsement in Colorado that addresses the state's new insurance requirements for rideshare services.
View ArticleMining company settles derivative litigation for $137.5 million
A mining company has reached a $137.5 million settlement of derivative litigation stemming from its 2013 acquisition of two firms in which some company directors and officers had been charged with...
View ArticlePERSPECTIVES: Risk managers should step up as SEC targets cyber security
The U.S. Securities and Exchange Commission has sharpened its focus on cyber security preparedness, says Daniel Garrie, co-head of the cyber security practice at Zeichner, Ellman & Krause L.L.P....
View ArticleFalling oil prices place new emphasis on risk management in energy sector
The ongoing drop in oil prices is putting new emphasis on risk management in the energy sector as insurers brace for potential market changes.
View ArticleU.S. Supreme Court rules for Teva over multiple sclerosis drug patent
(Reuters) — The U.S. Supreme Court on Tuesday ruled for Teva Pharmaceutical Industries Ltd.
View ArticleGreen Bay banking company acquiring consulting firm for $48 million
The deal which is expected to close in February, could cost as much as $56 million if certain contingencies are met, Green Bay, Wisconsin-based Associated Banc-Corp said in a statement released Jan. 16.
View ArticleInternational insurance groups promote microinsurance
A group of prominent insurers, reinsurers and brokers on Thursday said it has established a consortium to promote microinsurance ventures in developing countries.
View ArticleDead worker's estate can't collect on liability policy
The 11th U.S. Circuit Court of Appeals on Thursday found that Florida's workers comp exclusive remedy provision prevents a $9.5 million liability judgment from being paid by an insurer to the estate of...
View ArticleThe 2015 Innovation Awards winners are …
Business Insurance on Friday announced 10 winners of the 2015 Innovation Awards, the publication's recognition program for products and services designed for use by professional risk managers.
View ArticleSagging underwriting results sap property/casualty sector
The U.S. property/casualty insurance sector had mixed results in the third quarter of 2014, according to data released by the Insurance Services Office Inc. and the Property Casualty Insurers...
View ArticleOppenheimer to pay $20M over improper stock sales
(Reuters) — Oppenheimer & Co. will pay $20 million to settle two U.S. government cases stemming from allegations the firm improperly sold penny stocks and ignored red flags.
View ArticleRoyalties, please. Tom Petty, Sam Smith share coincidental tune
Classic rocker Tom Petty and first-time Grammy nominee Sam Smith, an English singer and songwriter, have similar taste in melodies.
View ArticleMarsh explains the new reality of risk in the commercial market
The commercial property insurance market appears likely to continue softening in the first quarter of this year, according to the head of Marsh L.L.C.’s property practice.
View ArticleKmart paying $102,000 for not hiring kidney patient
The Equal Employment Opportunity Commission has reached a $102,048 settlement with Kmart Corp. over its drug screening policy with regard to an applicant with kidney disease, which is the third such...
View ArticleWorkers comp doctors collect much less under new California fee schedule
Physicians providing consultations to injured workers under California's workers compensation system saw a 31% decrease in payments in the first quarter of 2014 compared with the same period in 2013...
View ArticleDid your celebrity endorser fall from grace? There's insurance for that
An American International Group Inc. unit is offering limits of up to $5 million through a product designed to help policyholders respond to risks from a celebrity endorser's fall from grace, scandal...
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