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Business Insurance - Web News
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http://www.businessinsurance.com
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Bostik to pay $600,000 in fines for safety infractions after explosion
MIDDLETON, Mass.—A Massachusetts adhesive manufacturer will pay $600,000 in fines for numerous safety infractions after a March 2011 explosion that injured four workers.
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Workers comp claimants suing Montana Power could get retrial
BUTTE, Mont.
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Safeway to indemnify directors, officers against all litigation losses
PLEASANTON, Calif.—Safeway Inc. will indemnify its directors and officers against all expenses, settlements and other losses incurred in litigation, the supermarket chain said in a U.S. Securities and Exchange Commission filing Tuesday.
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Securities class action numbers hold steady in 2012: Study
The total number of securities class action lawsuits held steady during the first quarter of 2012, although the number of suits filed against Chinese reverse merger companies fell, according to a report by insurance broker Woodruff-Sawyer &Co.
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Employees' unhealthy behavior is biggest challenge for pharmacy benefit managers: Study
Three-quarters of U.S. pharmacy benefit plan sponsors surveyed said persistent unhealthy behavior among employees is their most vexing challenge, according to a study released Thursday by St. Louis-based Express Scripts Inc.
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Pregnancy Discrimination Act violated when school fires teacher for premarital pregnancy: Court
ATLANTA—A teacher at a Christian school, who was fired after she told the administration she had become pregnant before her marriage, has presented sufficient evidence to establish she may have been terminated because of her pregnancy, and not the...
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AXIS Capital names XL executive Joseph Henry as CFO
PEMBROKE, Bermuda—Joseph Henry will become AXIS Capital Holdings Ltd.'s chief financial officer effective June 18, the Bermuda-based insurer and reinsurer announced Friday.
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New York workers compensation board seeks 11.5% rate increase
NEW YORK—The New York Compensation Insurance Rating Board is seeking an 11.5% workers compensation rate increase, citing increased claims frequency among other cost drivers.
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OFF BEAT: Woman competes in 80 foot races while collecting workers comp
A former Florida mail carrier was convicted of health care fraud Tuesday after she competed in dozens of distance running events—including the Boston Marathon—while collecting workers compensation benefits.
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Safety inspections don't hurt businesses: Study
(Reuters)—Random inspections of U.S. industrial workplaces lower the risk of workers being injured on the job and have no measurable negative effect on the companies inspected, according to a study in the journal Science.
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