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Thursday, April 04, 2013

CT Legislature Approves Historic Gun Bill; Governor to Sign Today

CT Gun lawAfter more than 13 hours of debate that was at moments impassioned and agonized, the General Assembly early Thursday approved an historic and far-reaching gun-control bill that proponents said was their toughest-in-the-nation response to the Dec. 14 Newtown

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RBS Faces $6 Billion Lawsuit from Shareholders

RBS lawsuitRoyal Bank of Scotland Group PLC and four of its former executives were sued Wednesday by 12,000 individuals and around 100 institutions--all current or former shareholders--alleging that they misled investors about th...

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Travelers Launches MedFirst Plus with Four New Coverage Options Including Product Recall Expense

TravelersThe increased potential for data theft, malicious tampering and wireless malfunctions in medical devices are top-of-mind concerns for the medical technology and device industry. These emerging risk tren...

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MF Global Trustee's Report Blasts Former CEO Corzine

MF GlobalA risky business strategy, failure to improve inadequate systems, as well as "negligent conduct" by former Chief Executive Officer Jon S. Corzine and others contributed to the unraveling of MF Global Holdings Lt...

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Marsh: Social Media Strategy Should Include Risk Evaluation

Marsh and Social Media RisksMost companies recognize the information security risks related to technology use, but the risks arising from social media and social netwo...

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CA Workers Comp Bureau Won't Be Seeking Mid-Year Pure Premium Rate Change

WCIRBToday, the WCIRB Governing Committee met in San Francisco for the first time following the March 21, 2013 election of Employers Compensation Insurance Company and Hartford Accident and Indemnity Company to serve three-year terms on the Governing Committee. At the beginning of the meeting, the Committee members elected Kev...

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Study: Regulatory Changes in California Expected to Affect Price, Utilization of Medical Care for Injured Workers

CA Workers CompThe 2012 workers compensation regulatory changes in California are expected to affect both the prices and utilization of medical care to injured workers by most types of providers, says a new study by the W...

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Former NAIC CEO Vaughan: Heavy-Handed Regulation Creates Its Own Risks

RegulationsAfter a series of roles regulating insurance, Therese M. Vaughan believes one of her biggest lessons was learning that regulation has its limits, and respecting those limits makes for a stronger, more diverse and vibrant financial environment.

In a speech to insurers at A.M. Best's recent Revie...

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President of Munich Re America's Specialty Markets Division Resigns

Munich ReThe president of Munich Reinsurance America Inc.'s specialty markets division, Craig Smiddy, will resign his position, announced Tony Kuczinski, president of ...

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