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RISK MANAGEMENT

Campaign encourages young workers to take path to insurance industry

The insurance industry has launched an initiative to attract millennials to the profession.


Insurance sector falls short on addressing climate change: Report

The insurance industry has shown a “profound lack of preparedness” in addressing climate-related risk and opportunities, says a report on a survey conducted by an advocacy group.

SPECIALTY RISKS

California's Prop 46 could boost medical professional liability rates

Passage of California's Proposition 46 could result in higher medical professional liability insurance rates, according to a study released by A.M. Best Co. Inc. on Tuesday.


U.S. Court hears arguments on sex discrimination at Goldman Sachs

(Reuters) — The Goldman Sachs Group Inc. on Wednesday attacked expert evidence offered by attorneys for former female employees in a U.S. federal sex discrimination lawsuit, arguing there was no pattern of gender-based pay and promotion…

BENEFITS MANAGEMENT

McConnell's claims on Kentucky exchange, Obamacare baffle experts

Senate Minority Leader Mitch McConnell, R-Ky., has made a habit of saying that repealing the ACA would not necessarily mean shutting down Kentucky's popular insurance exchange.


IRS announces maximum 401(k) plan contribution limits for 2015

The maximum contribution that can be made to 401(k) plans in 2015 will rise to $18,000, up from the current $17,500 limit, while the maximum catch-up contribution employees age 50 and older can make to the plans will increase to $6,000, up from…

BROKERS & INSURERS

Willis, Miller in talks to join forces in new Lloyd's brokerage

Willis Group Holdings P.L.C. and Miller Insurance Services L.L.P. are in talks to create a London wholesale specialist broking firm which would combine the companies' wholesale businesses under the Miller brand as a stand-alone entity and…


Insured damages in Bermuda from Gonzalo estimated at $200M-$400M: AIR

Last week's Hurricane Gonzalo caused estimated insured damages of between $200 million and $400 million in Bermuda, catastrophe modeler AIR Worldwide said Wednesday.

MID-MARKET EXECUTIVE

HHS form for health reform law reinsurance fee to be available Friday

A long-awaited form employers will use to provide the HHS with information regulators will need to calculate the amount of a “reinsurance” fee mandated by the health care reform law will be available online starting Friday.


Product helps small and midsize firms measure cyber attack readiness

Information technology solutions provider eManagement Inc. has developed a new tool to help small and midsize businesses measure their readiness to respond to and recover from cyber security attacks.

WORKERS COMP

Possible sunset of federal terrorism coverage backstop concerns insurers

CHICAGO — The federal terrorism insurance backstop set to expire at the end of this year likely will be replaced or extended, but insurers are worried about workers comp exposures if the backstop goes away.


No change in Colorado comp loss rates for 2015

Colorado employers will see no change to workers compensation loss cost rates for next year, the state Department of Regulatory Agencies said Thursday.

SPONSOR INSIGHTS

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INSIGHTS & SOLUTIONS

Excess and surplus lines directory and editorial review. Lists 31 companies that write insurance on ...
This editorial directory and review lists the surplus gross written premiums written in each of the ...
Three directThree directories in one, 41 pages of editorial content, rankings and listings. This...
Insurance wholesaler directory and editorial review. The directory includes the listings of 35...