- DOL slated to release fiduciary conflict-of-interest rule on April 6
The Department of Labor’s final conflict-of-interest rule is scheduled to be released April 6. While Department of Labor officials declined to comment, some critics are weighing in.
- Tokio Millennium Re replaces chief risk officer
Tokio Millennium Re A.G. has named Zurich-based Andreas Kull chief risk officer and member of its executive committee.
- International Paper makes lump-sum offer
International Paper Co., Memphis, Tenn., is offering a lump-sum payment window to certain participants in one of its U.S. defined benefit plans, its recent 10-K filing states.
- Ohio woman must repay $94,000 in comp benefits after pleading guilty to fraud
An Ohio woman has been ordered to pay nearly $94,000 in restitution for working while collecting workers compensation benefits, the Ohio Bureau of Workers’ Compensation said Friday.
- Zurich acquires crop insurer
Zurich American Insurance Co. said on Friday that it has acquired Rural Community Insurance Agency Inc. and its subsidiary Rural Community Insurance Co. The two are collectively known as Rural Community Insurance Services.
- FedEx fails to end lawsuit over illegal cigarettes
(Reuters) — FedEx Corp. must face a second lawsuit claiming it shipped thousands of cartons of untaxed cigarettes in New York.
- Judge cuts $18 million verdict for N.Y. financier’s ex-employee
(Reuters) — A federal judge on Thursday reduced by more than two-thirds the maximum sum a Swedish woman can recover after having prevailed in a jury trial against a New York financier she accused of sexual harassment and defamation.
- Reinsurance rates fall at April 1 renewals
Reinsurance rates fell for the fourth consecutive year at the April 1, 2016, renewals, according to a report issued Friday by Willis Towers Watson P.L.C.’s Willis Re unit.
- U.S., Canada issue joint alert on 'ransomware' after hospital attacks
(Reuters) — The United States and Canada on Thursday issued a rare joint cyber alert, warning against a recent surge in extortion attacks that infect computers with viruses known as “ransomware,” which encrypt data and demand payments for it to be…