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Ace outlines leadership changes on Chubb acquisition

Published July 28, 2015 CST

Ace Ltd. on Tuesday said it has reorganized the leadership team for its North American insurance operations to take effect upon completion of its acquisition of Chubb Corp.

Zurich mulls offer for RSA Insurance

Published July 28, 2015 CST

Zurich Insurance Group Ltd. said Tuesday it is evaluating a potential offer for London-based multiline insurer RSA Insurance Group P.L.C.

Injury suffered in pre-employment test is compensable

Published July 30, 2015 CST

Pre-employment testing of job applicants can prevent workers compensation claims down the line, but an employee who gets injured while undergoing the test may well be due comp benefits.

Employer fallout uncertain from Anthem's purchase of Cigna

Published July 24, 2015 CST

Anthem Inc.'s purchase of Cigna Corp.—the biggest deal, by far, in the health insurance industry — poses rewards and risks for employers, health care benefits experts say.

Trucker’s heart attack is compensable

Published July 28, 2015 CST

A long-haul truck driver’s heart attack arose out of and in the scope of his employment, the Tennessee Supreme Court has ruled.

Commercial insurance premium rates continue to drop

Published July 29, 2015 CST

Commercial insurance rates dropped in the second quarter of 2015, according to The Council of Insurance Agents & Brokers' quarterly Commercial P/C Index Survey released Wednesday.

OSHA proposes tightening injury record-keeping rules

Published July 29, 2015 CST

The U.S. Occupational Safety and Health Administration has issued a notice of proposed rulemaking to clarify that employers have continuing obligations to keep and maintain accurate injury and illness records.

Consumer-driven health plans confuse their consumers

Published July 29, 2015 CST

Though enrollment in consumer-driven health plans continues to rise, most employees don't understand the health savings accounts, health reimbursement arrangements, or flexible spending accounts linked to the plans, according to a new report.

Express Scripts says costly new cholesterol drugs could wreak havoc

Published July 29, 2015 CST

(Reuters) — Express Scripts Holding Co., the largest pharmacy benefit manager in the United States, on Wednesday said the cost of potent new cholesterol drugs called PCSK9 inhibitors could "wreak financial havoc" among its clients.

Marsh & McLennan results down for the quarter

Published July 28, 2015 CST

Marsh & McLennan Cos. Inc.'s second-quarter 2015 revenue dropped 2.1% from the same period a year earlier to $3.23 billion, the company announced Tuesday morning.

Neiman Marcus cyber security ruling could have wide influence

Published July 28, 2015 CST

A federal appeals court ruling involving retailer Neiman Marcus that permits consumer data breach victims to pursue their putative class action litigation is likely to be influential with other appellate courts.

FDIC authorizes executive liability lawsuits against 1,207 defendants

Published July 29, 2015 CST

The Federal Deposit Insurance Corp. has authorized lawsuits in connection with 150 failed financial institutions against 1,207 individuals for directors and office's liability.

Mediation ruled first step in cyber coverage case

Published July 22, 2015 CST

Policyholders scored a victory in a closely-watched cyber coverage case, in which a U.S federal court in Los Angeles dismissed a case filed by an insurer seeking to deny coverage.

Alliance formed to seek repeal of ACA “Cadillac” tax

Published July 28, 2015 CST

A diverse group of two dozen employers, insurers and unions has banded together to form an alliance to convince Congress to repeal the health care reform law’s so-called “Cadillac” tax.

Total cost of risk dips in 2014

Published July 29, 2015 CST

Businesses paid slightly less in 2014 to cover their total cost of risk than the past three years, the Risk & Insurance Management Society Inc. said Wednesday in its 2014 RIMS Benchmark survey.

State insurance commissioners unveil more cyber security standards

Published July 29, 2015 CST

The National Association of Insurance Commissioners is ratcheting up its efforts to tackle cyber security issues with three additional initiatives, including one to help regulators verify insurers are protecting personal information.

Drug monitoring programs offer step toward limiting opioid abuse

Published July 23, 2015 CST

At least 10 states require health care providers to access a prescription drug monitoring program before prescribing opioids, but workers compensation payers in all states should request providers do so to curb overprescribing.

U.S. health care spending hit $3.1 trillion in 2014

Published July 28, 2015 CST

Health care expenditures surged in 2014, fueled by expanded coverage and soaring prescription drug costs, according to government research released Tuesday.

United Airlines data breached by China-backed hackers

Published July 29, 2015 CST

(Reuters) — United Continental Holdings Inc. has been the target of a data breach linked to a group of China-backed hackers, Bloomberg reported.

Cyber coverage suite protects small to mid-size firms

Published July 29, 2015 CST

The Hanover Insurance Group Inc. has launched a suite of cyber products designed to protect small to mid-size businesses from cyber attack and data breach related losses, the insurer said Monday.

Zurich says any RSA offer probably would be in cash

Published July 29, 2015 CST

Zurich Insurance Group Ltd. said Wednesday that any offer it may make for RSA Insurance Group P.L.C. likely would be made solely in cash.

U.S. sets new final rule on oil, ethanol trains

Published July 29, 2015 CST

(Reuters) — The Obama administration on Wednesday released a new regulation intended to prevent explosive rail disasters such as the 2013 oil train derailment that killed 47 people and destroyed part of Lac-Mégantic, Quebec.

U.S. auto safety regulators fine Fiat Chrysler record $105 million

Published July 27, 2015 CST

(Reuters) — The U.S. auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles N.V. over lapses in safety recalls involving millions of vehicles.

Hartford posts second-quarter profit

Published July 28, 2015 CST

Hartford Financial Services Group Inc. posted a profit of $413 million for the second quarter of 2015 compared with a loss of $467 million in the second quarter of 2014.

Validus Americas appoints president to run its MGA

Published July 28, 2015 CST

Validus Re, the reinsurance division of Validus Holdings Ltd., said it has appointed James Franson president of Validus Americas, Validus Re’s Boston-based managing general agent, which underwrites for its Swiss reinsurance company.