- Police officer hurt en route to assignment not due comp benefits
A police officer who was injured while traveling to work at a location where he was temporarily reassigned isn’t eligible for workers compensation benefits, a Texas appellate court has ruled.
- Ruling for Lloyd's of London in construction dispute overturned
A U.S. appeals court has overturned a lower court ruling that granted Lloyd’s of London underwriters summary judgment dismissing a case in a construction-related dispute.
- Health services firm gets OK to fund benefits through captive
The New Jersey Department of Banking and Insurance has approved a plan by Healthcare Services Group Inc. to fund voluntary medical, life and short-term disability benefits through its New Jersey-based captive insurer.
- Specialty insurer buys accident and health agency
Property/casualty and professional liability insurer Philadelphia Insurance Cos. on Friday said it has acquired Larchmont, New York-based managing general agent The Allen J. Flood Cos. Inc.
- Lump-sum takeups cut Hewlett-Packard pension liabilities
Hewlett-Packard Co. has disclosed that its pension plan paid out $810 million to former employees who accepted the company’s offer to convert their future annuity benefit to a cash lump-sum.
- Cyber security measure blocked in U.S. Senate
(Reuters) — The U.S. Senate failed on Thursday to advance legislation to strengthen protections against cyber attacks, as Democrats banded together to oppose the measure’s inclusion in a defense policy bill.
- Foreign insurers upbeat about growth potential in Africa
Analysts and foreign insurers are upbeat about enormous potential in Africa to develop their business, reported Daily Times.
- Canadian regulator probes increased use of reinsurance
Canada’s Office of the Superintendent of Financial Institutions has said that it is probing the growing practice among property/casualty insurers of reinsuring commercial risks overseas, often through unregistered affiliates, reported Financial Post.
- Cyber attacks fast-emerging risk for global firms: Report
Standard & Poor’s Corp. has said in a report that cyber attacks are a fast-emerging risk for firms globally, reported Voice of America.
