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March 27, 2012

  Risk, Insurance, Claims & Safety 
  • GAO: Feds lack input about risks of fracking pipelines
    State and federal regulators lack sufficient data about the potential safety risks of pipelines that carry natural gas produced by hydraulic fracturing, according to a report from the Government Accountability Office. "While the safety risks of federally unregulated, onshore hazardous liquid and gas gathering pipelines are generally considered to be lower than other types of pipelines, [the Transportation Department's Pipeline and Hazardous Materials Safety Administration] is currently not able to determine the performance and safety of these gathering pipelines," the report stated. An online registry could be created for states to share safety practices, the report suggested. Bloomberg (3/23), ABC News/The Associated Press (3/23) LinkedInFacebookTwitterEmail this Story
  • TSA will test automated authentication systems
    The Transportation Security Administration continues to verify travelers' identification and boarding passes manually, a practice that some observers say increases the risk of some travelers using fake documents. However, the TSA is considering using automated devices to verify documents and will test document authentication systems at some airports in the coming months. "The technology is designed to read security features embedded in both the boarding pass and ID to verify their authenticity and ensure the names match," TSA spokesman Greg Soule said. The New York Times (tiered subscription model) (3/19) LinkedInFacebookTwitterEmail this Story
  • Other News
  Workplace & Retirement 
  • Proposed 401(k) changes could hurt plan contributions, EBRI says
    A plan that would make employers' and workers' retirement-plan contributions no longer tax deductible would lead to lower contributions and could cause some to close accounts, according to the Employee Benefits Research Institute. The proposal includes an 18% refundable tax credit as a federal matching contribution. AdvisorOne (3/21) LinkedInFacebookTwitterEmail this Story
  • Mass. high court: Current pay must be basis for disability benefits
    The Massachusetts Supreme Court has overturned a lower court's decision stating that a worker's permanent total disability benefits should be based on the salary he received when he suffered the injury. The high court said the employee's benefits should be based on his salary in his most recent job, which is in Connecticut. "As a measure of earning capacity, it matters not whether the wages are earned in Massachusetts or outside Massachusetts. The words of [Massachusetts workers' comp law] are plain and unambiguous," the high court ruled. Business Insurance (tiered subscription model) (3/20) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Utilities 
  • House Republicans seek to revive energy-infrastructure bill
    House Republicans plan to revive a bill that would link infrastructure projects to expanded oil and natural gas drilling, despite opposition in the Senate, said Rep. John Mica, R-Fla. "We continue to believe that linking energy and infrastructure is the responsible thing to do in order to meet our long-term needs," said Mica, who is chairman of the House Transportation and Infrastructure Committee. FuelFix.com (3/21) LinkedInFacebookTwitterEmail this Story
  • Other News
  Leadership & Management 
  • How to become a more rational decision-maker
    Tony Schwartz offers three pieces of advice for replacing impulsive choices with more intentional decision-making. It begins with cultivating awareness and perspective in order to focus your choices on long-term goals, instead of present ones. Next, you have to accept trade-offs in order to promote the values that are important to you. "The highest challenge we all face is doing the right thing -- especially when it doesn't necessarily serve our immediate self-interest," Schwartz writes. Harvard Business Review online/HBR Blog Network (free registration) (3/21) LinkedInFacebookTwitterEmail this Story
  News From Aon 
  • Aon at RIMS
    Join Aon for the RIMS 2012 Annual Conference & Exhibition, where risk professionals from around the world will gather for a common purpose: to share experience and gain expertise. Be a part of this community and connect with colleagues, build new relationships and learn from industry experts. LinkedInFacebookTwitterEmail this Story
  SmartQuote 
You should not live one way in private, another in public."
--Publilius Syrus,
Latin writer


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