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D.C. appeals court strikes down ACA insurance subsidies for federal exchanges

Published July 22, 2014 CST

A federal appeals court has ruled the Obama administration cannot subsidize insurance premiums for nearly 7 million Americans, dealing a serious blow to the Patient Protection and Affordable Care Act.

Insurance industry welcomes Senate approval of seven-year TRIA extension

Published July 17, 2014 CST

Insurers and other industry groups are welcoming Thursday's 93-4 Senate vote to extend the federal terrorism insurance backstop for seven years.

Travelers ordered to pay over $500M in asbestos case

Published July 22, 2014 CST

(Reuters) — A federal appeals court on Tuesday said Travelers Cos. should pay more than $500 million to satisfy asbestos-related claims stemming from its coverage of policyholder Johns-Manville Corp.

Zurich white paper focuses on solar panel fire, structural risks

Published July 21, 2014 CST

Risk managers need be aware of the variety of risks and challenges presented by the installation of photovoltaic solar panel systems on commercial buildings, Zurich North America said on Monday.

Hospital's captive must pay staffing agency nurse's settlement in suit: Court

Published July 21, 2014 CST

A Washington medical center's captive insurer is liable for defending and settling a lawsuit filed against a staffing agency nurse, under terms of the insurance policies involved, says an appeals court.

Liberty Mutual enters multibillion-dollar reinsurance deal with National Indemnity

Published July 17, 2014 CST

Liberty Mutual Insurance Co. has entered into a multibillion-dollar retroactive reinsurance transaction with Berkshire Hathaway Inc.'s National Indemnity Co. to cover asbestos-related and other long-term liabilities.

New actuary tables may be 'nail in the coffin' for DB plans

Published July 23, 2014 CST

The measured value of liabilities for most defined benefit plans will increase between 3% and 8% with the adoption of new mortality tables, said a report from Wilshire Consulting.

New USGS maps expand earthquake risks to 42 states

Published July 17, 2014 CST

New seismic hazard maps from the U.S. Geological Survey show 42 states facing a “reasonable” chance of experiencing damaging ground shaking from an earthquake in 50 years.

EPIC buys Leavitt Group's Jenkins Insurance unit

Published July 22, 2014 CST

Edgewood Partners Insurance Center Inc., which does business as EPIC, has purchased Concord, California-based Jenkins Insurance Services Inc., a unit of Leavitt Group Enterprises Inc.

Benefit costs, regulations remain top HR concerns: Gallagher survey

Published July 21, 2014 CST

Rising health care costs and evolving regulations continue to be the top human resources challenge facing employers, and many companies are struggling to effectively meet that challenge, according to a new survey.

New California law adds to employers' heat safety obligations

Published July 20, 2014 CST

Broiling summer heat, an aging workforce and a booming construction industry in some areas of the country are raising concerns about heat-related illness risks for workers.

Supreme Court ruling will test range of health reform's contraceptive mandate

Published July 20, 2014 CST

The U.S. Supreme Court's pivotal ruling last month that the federal government cannot force family-owned, private employers to directly provide contraceptive coverage could have wider reaching implications for private companies and benefits administrators.

Pa. employers needn't notify comp claimants of utilization review: Court

Published July 18, 2014 CST

Pennsylvania employers aren’t obligated to notify claimants when seeking utilization reviews of their treatment, the Commonwealth Court of Pennsylvania has ruled.

Sanford Saito named Hawaii's captive insurance administrator

Published July 23, 2014 CST

Sanford Saito has been appointed deputy commissioner and captive insurance administrator for the Hawaii Department of Commerce and Consumer Affairs Insurance Division.

Firms that cut birth-control coverage must notify workers: White House

Published July 18, 2014 CST

If closely held companies want to nix their employees' insurance coverage of contraceptives, they can't do so in secret.

Insurance broker Integro names leaders of U.S. operations

Published July 17, 2014 CST

Integro Ltd. has named Ruth Kilduff to the newly created position of chairman and Anne Anderson as president of its U.S. operations, Integro USA.

TPAs are stuck with the bill in health reform contraception coverage dispute

Published July 20, 2014 CST

Even before rulings in Hobby Lobby Stores Inc. and Wheaton College court cases, third-party administrators were paying millions of dollars for contraceptive services on behalf of their religious organization clients that automatically qualified for an exception to this coverage mandate.

Universe of smaller brokers deploying an array of strategies to grow business

Published July 20, 2014 CST

There's no shortage of commercial brokerage business in the U.S., and regional and smaller brokers are deploying an array of strategies to win bigger shares.

Both House, Senate TRIA bills, place more liability on insurers: Report

Published July 21, 2014 CST

While bills introduced in the U.S. Senate and House of Representatives to extend the federal terrorism backstop mark progress towards that goal, both would raise the insurance industry’s liability following a terrorist attack.

Yum, McDonald's apologize as new China food scandal brews

Published July 21, 2014 CST

(Reuters) – McDonald's Corp. and Yum Brands Inc are facing a new food safety scare in China, denting the fast food restaurants' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.

Captive insurers stick with E.U. domiciles despite impending Solvency II rules

Published July 20, 2014 CST

Captive insurers are making good progress in preparing for Solvency II and are defying predictions that they would leave the European Union for domiciles where the risk-based capital rules will not apply.

Brokers’ 2014 mergers and acquisitions activity is highest since 2008

Published July 20, 2014 CST

U.S. and Canadian buyers and sellers announced 165 mergers and acquisitions of insurance agents and brokers in the first half of 2014, with a significant number involving private equity-backed firms.

New York state data security breaches have tripled since 2006: Report

Published July 16, 2014 CST

The number of data security breaches reported annually to the New York state attorney general more than tripled between 2006 and 2013 to a record-setting 7.3 million records of New Yorkers exposed last year.

Travelers sues NFL, insurers over former players' prescription drug lawsuit

Published July 14, 2014 CST

Travelers Cos. Inc. is suing the National Football League and more than two dozen other insurers in New York state court, saying it has no obligation to defend the NFL in a prescription drug-related lawsuit filed by more than 500 former players.

U.S. appeals court rules for same-sex marriage in Oklahoma

Published July 18, 2014 CST

The 10th U.S. Circuit Court of Appeals in Denver has ruled in favor of same-sex couples seeking the right to legally marry in the state of Oklahoma.