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November 20, 2012

  Risk, Insurance, Claims & Safety 
  • Fla. high court rules on appeals in sovereign-immunity cases
    Florida-backed Citizens Property Insurance made a premature appeal after being denied sovereign immunity by a trial judge in a case related to Hurricane Ivan, the state Supreme Court has ruled. The decision is applicable only to bad-faith lawsuits against the insurer of last resort, according to the majority opinion. In a separate case, the high court unanimously agreed that public workers don't have to delay appeals pending the resolution of lawsuits if they claim that their individual immunity was denied. The Republic (Columbus, Ind.)/The Associated Press (11/15) LinkedInFacebookTwitterEmail this Story
  • FAIR plans threaten higher taxes and premiums, study finds
    Plans based on Fair Access to Insurance Requirements provided coverage to 3.3 million homeowners and businesses with an overall value of $884.7 billion last year, and they will pose a significant threat to state finances if a hurricane hits, according to a study by Robert Hartwig and Claire Wilkinson of the Insurance Information Institute. Taxpayers, including those in areas of lower risk, "will continue to face the prospect" of increased premiums and taxes, the experts said. The New York Times (tiered subscription model)/Green blog (11/15) LinkedInFacebookTwitterEmail this Story
  • Ore. city approves changes to police department
    The Portland, Ore., City Council unanimously approved a settlement with federal officials concerning police reform that stems from use of excessive force on residents with mental illness. The plan, estimated to cost the city between $3.5 million and $5.4 million per year, includes 32 additional positions, changes to the Police Department's use-of-force policy, oversight and training. However, while council members agreed that changes are necessary, some expressed concern about whether the city can afford them. The Oregonian (Portland) (11/14) LinkedInFacebookTwitterEmail this Story
  Workplace & Retirement 
  • Health insurance can win over job prospects, survey finds
    A survey by Ask.com found that 77% of employees cited health insurance as their most desired job benefit. The same survey showed that 95% of U.S. workers weigh health benefits when considering a job offer. Life insurance was among the other benefits that workers want their employers to offer. "At the end of the day, what American workers value most are employers committed to their health and well-being and those who are actively invested in their overall quality of life," Ask.com's Lisa Ross says. BusinessNewsDaily.com (11/15) LinkedInFacebookTwitterEmail this Story
  Higher Education 
  • Professor at Morgan State is accused of grant-related fraud
    A federal grand jury has indicted Morgan State University professor Manoj Kumar Jha, who is accused of trying to defraud the National Science Foundation of grants worth hundreds of thousands of dollars. Jha is accused of using $200,000 -- intended for a highway-planning project -- for personal purposes, prosecutors said, adding that Jha applied for an additional $500,000 toward the project, but didn't receive the extra funding. The Baltimore Sun (11/14) LinkedInFacebookTwitterEmail this Story
  • U. of Iowa to examine policies in light of sexual-harassment case
    University of Iowa President Sally Mason has offered an apology in light of sexual-harassment allegations against an athletics official who has since resigned. Peter Gray left his job as associate director of athletics student services after the Iowa City Press-Citizen published a report that detailed accusations against him. Mason said the university is reviewing and changing its policies on hiring, supervision and training to address the issue. The Washington Post/The Associated Press (11/16) LinkedInFacebookTwitterEmail this Story
  • Other News
  Leadership & Management 
  • How leaders can channel their inner Abraham Lincoln
    President Abraham Lincoln's leadership provides valuable lessons on how to bring together divisive teams, work toward compromise and get along with former critics to get things done, says leadership coach John Baldoni. Lincoln showed that it's important to "reach across the aisle to rivals and tell them that you still want them around, you still value them." USA Today/Gannett News Service (11/18) LinkedInFacebookTwitterEmail this Story
  News From Aon 
  • Benefits captives
    In this video from World Risk and Insurance News, Aon's Nancy Gray discusses developments in the use of captives for employee benefits, medical stop loss, property, casualty and the middle market, as well as captives for profit. Watch the video. LinkedInFacebookTwitterEmail this Story
  • Aon sweeps Buyers Choice Awards
    Aon Risk Solutions was the most-recommended broker for service and expertise by middle-market buyers in Business Insurance's second annual Buyers Choice Awards. Read more. LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Nothing is too small to know, and nothing is too big to attempt."
--William Cornelius Van Horne,
Canadian railway executive


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