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Daily NewsFlash : April 23, 2012


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Monday, April 23, 2012

EPLI: Majority of Wage Issue Cases Involve Unpaid Overtime, Misclassification

A record number of workers are suing their employers for allegedly not paying proper wages, and the spike in litigation has been commended by labor-advocacy groups and criticized by business groups... Read More

Insurance Industry in the U.K. Responds to Cyber Attack Increase

Last year was an extremely active year for data breaches, according to a new study. "The First Annual 2012 Data Privacy and Information Security Predictions" from Cyber Data-Risk Managers reported ... Read More

Chubb Exec: D&O Renewal Prices Up, But Not Enough

Directors & Officers LiabilityWhen Chubb announced $0.5 billion of first-quarter income last week, executives reported generally "positive rate momentum" for commercial lines, including specialty liability lines, which rose 4 percent on average for renewals.

Still directors and officers liability ins...
Read More



Travelers Launches Enhanced CyberFirst Product with New First-Party Coverage Options

Data BreachTravelers, a pioneer in cyber insurance coverage, today introduced an enhanced version of CyberFirst, its industry-leading product suite with eight new first party coverage options designed for the needs of technology companies. The new Expense Reimbursement module covers costs resulting from cyber atta... Read More



Marsh: Directors and Officers Liability Pricing for Public Companies Firming

Rates for U.S. public company directors and officers (D&O) liability insurance programs have firmed in the first quarter of 2012, as compared to 2011. The primary limit rate (price per $1 milli... Read More

Study Reveals Largest Long Term Care Insurance Claims

Long Term CareThe largest open long-term care insurance claim has reached $1.7 million in paid benefits, according to a just-released report from the American Association for Long-Term Care Insurance. The claimant, a woman, purchased coverage at age 43, paying an annual premium of $881. Three years later her ... Read More





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