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Worker keeps big negligence award in Texas comp case

Published January 27, 2015 CST

A Texas appellate court has affirmed a $5.3 million liability judgment against a Texas workers compensation nonsubscriber that was deemed negligent in the case of an injured employee.

Salvation Army worker's treadmill death compensable

Published January 26, 2015 CST

The death of a telecommuter, who suffered a heart attack while walking on the treadmill during work hours, is compensable, and the man's widow should receive workers compensation benefits.

State challenges health care reform law's reinsurance fee

Published January 26, 2015 CST

The state of Ohio and several Ohio public entities, including universities, filed suit Monday in federal court challenging as unconstitutional a health care reform law-authorized program that requires employers to pay billions of dollars to the federal government.

Timken to buy Prudential annuity for pension benefits

Published January 23, 2015 CST

North Canton, Ohio-based bearings and power transmissions manufacturer The Timken Co. said it is buying a group annuity to provide pension benefits to about 5,000 retirees and their beneficiaries.

PartnerRe, Axis Capital agree to $11 billion merger

Published January 26, 2015 CST

Axis Capital Holdings Ltd. and PartnerRe Ltd. say they will merge to establish a specialty insurer and reinsurer with gross written premiums of more than $10 billion in a nearly $11 billion stock-swap deal.

Data breach loss capped at $500,000

Published January 27, 2015 CST

A St. Louis-based supermarket chain has a $500,000 cap on how much it must pay for a data breach it suffered in 2012 and 2013, says a federal court in a case filed by the retailer against its payments processor and merchant bank.

Many wellness programs improve worker health, lower costs

Published January 28, 2015 CST

More employers believe their workplace wellness programs have had a positive effect on their employees' health and reduced health care costs, but fewer are calculating their programs' total return on investment, according to new survey data.

Big insurer groups push Senate on cyber security bill

Published January 28, 2015 CST

Thirty-five organizations, including big insurance trade groups, have sent a letter to the U.S. Senate urging the quick passage of a cyber security information-sharing bill that also offers them a safe harbor against frivolous lawsuits.

Public exchange enrollment tops 9.5 million

Published January 27, 2015 CST

More than 9.5 million individuals signed up for health insurance plans through the federal and state exchanges during the first nine weeks of the 2015 open enrollment season, the U.S. Department of Health and Human Services reported Tuesday.

Sagging underwriting results sap property/casualty sector

Published January 26, 2015 CST

The U.S. property/casualty insurance sector had mixed results in the third quarter of 2014, according to data released by the Insurance Services Office Inc. and the Property Casualty Insurers Association of America on Monday.

Vermont captive formations slow in 2014

Published January 22, 2015 CST

Vermont, the largest domestic captive insurer domicile, licensed 16 captives in 2014, down from 29 in 2013, as the soft market and competition from other states slowed growth, state officials said Thursday.

Wal-Mart settles with family of comedian killed in Tracy Morgan crash

Published January 23, 2015 CST

Wal-Mart Stores Inc. has reached a settlement with the family of the comedian killed in the crash that seriously injured comedian Tracy Morgan, the retailer said.

Unsealed lawsuits tell of alleged fraud by asbestos law firms

Published January 21, 2015 CST

(Reuters) — U.S. personal injury lawyers allegedly concealed evidence and induced clients to commit perjury to drive up asbestos-related settlements and garner bigger fees, according to recently unsealed lawsuits.

Property/casualty insurance pricing dips in last quarter

Published January 27, 2015 CST

Pricing in the commercial property/casualty insurance market dipped slightly in the fourth quarter of 2014, a study released Tuesday by the Council of Insurance Agents & Brokers finds.

More employers use workplace wellness programs to reward healthy behavior

Published January 18, 2015 CST

As employers pursue effective workplace wellness programs, their embrace of results-based financial incentives and other emerging health management strategies is likely to broaden this year.

U.S. Supreme Court rules for employer in retiree benefits fight

Published January 26, 2015 CST

(Reuters) — The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward health care costs.

Cyber risk grading service launched

Published January 26, 2015 CST

Cyber risk assessment and data breach services company Network Standard Corp., which does business as NetDiligence, will offer SecurityScorecard Inc.'s risk grading service as part of its own cyber risk assessment to enable cyber liability insurers to gauge the security of policyholders and applicants, SecurityScorecard said Monday.

Construction accidents lead worker deaths

Published January 26, 2015 CST

Work-related fatalities in North Carolina increased markedly in 2014, data released last week by the North Carolina Department of Labor shows.

Willis names North America casualty broking chief

Published January 27, 2015 CST

Willis North America Inc. on Tuesday announced the appointment of Joe Peiser as head of casualty broking.

Health care reform cuts nation's uninsured by nearly 20 million

Published January 27, 2015 CST

The 2010 health care reform law will make a huge dent in the number of Americans without health insurance, according to the latest estimates from congressional researchers.

Authorities call foul on Ted Lilly’s RV insurance pitch

Published January 26, 2015 CST

Former Major League Baseball pitcher Ted Lilly has been accused of insurance fraud.

Singapore ups ante in cyber security fight

Published January 27, 2015 CST

(Reuters) — Singapore is gearing up for a crackdown on cyber crime with the launch of a central agency and the appointment of a minister in charge of cyber security, the government said on Tuesday, as the wealthy city-state grapples with a rise in online crime.

Natural disaster policy attracts new congressional attention

Published January 27, 2015 CST

A public debate over federal disaster policy needs to begin in order to determine how best to respond to natural disasters, the chairman of a House panel dealing with emergency management issues said Tuesday.

Court says misleading manual provides FMLA coverage

Published January 26, 2015 CST

A Michigan county road commission employee was entitled to coverage under the federal Family Medical Leave Act, even though the commission was not obligated to provide the coverage, because of a misleading statement in its employee manual, says an appellate court.

National General acquires health insurance managing general agent for $15 million

Published January 26, 2015 CST

National General Holdings Corp. on Monday said it has acquired Lombard, Illinois-based health insurance managing general agent Healthcare Solutions Team Inc. for $15 million.