- Arthur J. Gallagher acquires benefits consultant
Arthur J. Gallagher & Co. has acquired Pewaukee, Wisconsin-based employee benefits consulting firm Burkwald & Associates Inc.
- QBE snags senior vice president from Allianz
QBE North America, a division of QBE Insurance Group Ltd., has named former Allianz Global Corporate & Specialty executive Walter Grote senior vice president. The appointment was effective Oct. 2.
- U.S. says BP to pay $20 billion in fines for 2010 oil spill
(Reuters) — BP P.L.C. will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement of its kind in U.S.
- Worm farm exempted from paying overtime
No one in the real world is ever likely to think of raising worms as agriculture, but a court decision last week illustrates that there is sometimes a clear divide between the real and legal worlds.
- N.M. sets maximum for medical pot reimbursement
The New Mexico Workers’ Compensation Administration has proposed a maximum reimbursable amount for medical marijuana.
- European risk management group names new executive director
VENICE, Italy – Typhaine Beauperin-Holvoet will replace Florence Bindelle as executive director of the Federation of European Risk Management Associations.
- Former Knicks, Hawks NBA player eligible for California comp
California’s workers compensation system has jurisdiction over a cumulative injury claim filed by a former National Basketball Association player because he was once employed by a team in the state, according to a state appeals court ruling last…
- Using data wisely key to unlocking future risks
VENICE, Italy — Risk managers and their insurers can learn from each other to address the growing complexities of a riskier world, according to Mario Greco, group CEO of Assicurazioni Generali S.p.A.
- Global regulators finalize new capital rules for big insurers
(Reuters) — The world’s nine biggest insurance companies will have to hold more capital under new rules finalized by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis.