- AIG unit prevails in hurricane damage coverage dispute with oil firm
An American International Group Inc. unit has prevailed in a dispute with an oil exploration company over how the deductible in its property policy should be calculated.
- Uncertain, complex risks an inherent part of today's supply chains
NEW YORK — Supply chains can be threatened by people and forces inside and outside an organization.
- Religious nonprofits make contraceptive mandate case to Supreme Court
High court hears oral arguments in second go-round of controversial health care reform provision.
- Add human capital and cyber to risk engineering efforts
NEW YORK — Risk engineering goes beyond property loss control issues to include human capital and cyber issues as well, according to a panel at Business Insurance’s seventh annual Risk Management Summit in New York on Wednesday.
- Swiss Re establishes North American aviation team
Swiss Re Corporate Solutions Ltd. said on Wednesday that it has established a North American aviation insurance team.
- London insurer appoints new financial lines team in Australia
Talbot Underwriting Ltd. has named David McKenzie and David Jones class underwriters of Talbot’s financial lines team in Australia.
- Penalty for not offering employee health insurance expected to rise in 2017
Mercer projects it will increase to $2,260 per full-time employee from $2,160.
- Feds putting workers comp opt-out programs under microscope
NEW YORK — Laws that allow employers in Texas and Oklahoma to opt out of the states’ workers comp systems could be subject to federal oversight amid concerns about their effect on injured workers’ access to benefits and care and potential…
- Bank of America settles claims it cheated trainees out of overtime
(Reuters) — Bank of America Corp. and its Merrill Lynch unit will pay $14 million to settle lawsuits claiming that they forced financial adviser trainees to work 60 hours and more per week, including on weekends, without paying them overtime.