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Cover offered via Lloyd's syndicates for commercial marijuana industry

Published August 22, 2014 CST

A recently formed insurance agency is offering the commercial marijuana industry general liability and related insurance coverage on a surplus lines basis through several Lloyd's of London syndicates.

CMS to launch Medicare set-aside calculator for prescription drug costs

Published August 25, 2014 CST

The U.S. Centers for Medicare and Medicaid Services plans to launch an online tool allowing workers compensation claim payers to determine how much money should be allocated for prescription drugs in Medicare set-aside accounts.

PERSPECTIVES: BP coverage dispute tests ‘additional insured’ obligation

Published July 25, 2014 CST

A Deepwater Horizon-related coverage dispute highlights the need for corporations to square their commercial contracts with their insurance policies. Christopher C. Loeber and Kelly A. Lloyd with the law firm Lowenstein Sandler L.L.P. discuss the interplay between indemnification agreements and “additional insured” provisions and the importance of retaining insurance coverage counsel…

Malware breach at 51 UPS stores 'fully contained': Company

Published August 21, 2014 CST

The UPS Store Inc. said Wednesday that customer data at 51 of its franchised stores in 24 states may have been breached, although the situation is now contained and there is no evidence to date of fraud.

Insured losses from Napa earthquake could reach $1B: Eqecat

Published August 25, 2014 CST

Sunday's magnitude-6.0 earthquake centered near Napa, California, may have caused between $500 million and $1 billion in insured losses, catastrophe modeling firm Eqecat Inc. said Monday.

Property/casualty insurer competition expected to increase: Moody's

Published August 21, 2014 CST

Competition among property/casualty insurers should increase throughout the remainder of the year, according to an analysis released Thursday by Moody's Investors Service.

EEOC says energy company's wellness program violated ADA

Published August 20, 2014 CST

The U.S. EEOC has filed suit against an energy company for allegedly violating the ADA, charging that it shifted responsibility for paying health care premiums to an employee.

California comp rating bureau recommends 6.7% rate hike

Published August 20, 2014 CST

The Workers' Compensation Insurance Rating Bureau of California is recommending that the California Department of Insurance adopt a 6.7% increase in the state's pure premium workers compensation rate.

Venture capital firm Kleiner Perkins suffers security breach

Published August 22, 2014 CST

(Reuters) — California detectives are investigating a July computer theft at storied venture capital firm Kleiner Perkins Caufield & Byers, a spokeswoman for the Menlo Park police said Thursday.

Employers expect modest health plan cost increases in 2015: Survey

Published August 20, 2014 CST

Employers are expecting only modest increases in 2015 in their group health care plan costs, but are looking at new approaches to continue to keep costs under control, according to a survey released Wednesday.

DEA reclassifies painkiller tramadol as a controlled substance

Published August 18, 2014 CST

The U.S. Drug Enforcement Administration began labeling tramadol, an opioid pain medication, as a Schedule IV controlled substance on Monday, according to a final rule published in the Federal Register.

Breach at U.S. government contractor affected at least 25,000 workers

Published August 22, 2014 CST

(Reuters) — A cyber attack at a company that performs background checks for the U.S. Department of Homeland Security compromised data of at least 25,000 government workers.

Court upholds judgment against Union Pacific in railroad worker's death

Published August 22, 2014 CST

The Texas Court of Appeals has affirmed a $1.2 million judgment awarded to the family of a railroad employee who died from complications after being injured on the job.

Oklahoma firms consider private coverage in wake of landmark workers comp law

Published August 17, 2014 CST

At least seven Oklahoma employers have opted out of the state's workers comp system since a new law went into effect, and more are considering the move to private coverage allowed under the landmark legislation.

Worst-ever Ebola outbreak disrupts global supply chains

Published August 17, 2014 CST

Aside from the record death toll from the Ebola outbreak in Africa, businesses around the globe will be affected by the pandemic, with the mining, agricultural and energy sectors most at risk of having their businesses disrupted.

U.S. to tighten restrictions on common opioid painkillers

Published August 22, 2014 CST

(Reuters) — The U.S. government is tightening restrictions on hydrocodone, an opioid painkiller contained in Vicodin and other addictive drugs.

Benefits administration vendors retool to help firms comply with reporting rules

Published August 17, 2014 CST

Providers of benefits administration outsourcing services are scrambling to help employers comply with upcoming tax reporting requirements of the Patient Protection and Affordable Care Act, but few can transmit that information directly to the IRS.

USI acquiring seven retail brokerages from Willis

Published August 18, 2014 CST

USI Insurance Services L.L.C. will acquire seven retail brokerage offices from certain subsidiaries of Willis North America Inc., part of Willis Group Holdings P.L.C.

Work-from-home policies for disabled employees need review after EEOC ruling

Published August 17, 2014 CST

In the wake of a federal court ruling that telecommuting is a reasonable accommodation under the Americans with Disability Act, experts say employers should evaluate their work-from-home policies to determine how to handle disabled workers' requests.

Allied World names John Bender CEO of global reinsurance

Published August 21, 2014 CST

Allied World Assurance Co. Holdings A.G. has named John Bender CEO of its global reinsurance operations, the company said Thursday.

Jardine Lloyd Thompson Canada adds 2 executives to Calgary office

Published August 22, 2014 CST

Jardine Lloyd Thompson Canada Inc., a unit of Jardine Lloyd Thompson Group P.L.C., is adding two new members to its senior team in Calgary, Alberta.

Heinz recall brings food tracking issue to the fore in China

Published August 25, 2014 CST

(Reuters) — The entanglement of H.J. Heinz Co. in China's latest food scare highlights a key concern for international and local firms.

NCCI proposes 2.5% workers comp rate decrease for Florida in 2015

Published August 26, 2014 CST

The National Council on Compensation Insurance Inc. has proposed a statewide workers compensation rate decrease in Florida for the first time in four years, the Florida Office of Insurance Regulation said.

Obama administration floats new prescription contraceptive rules

Published August 22, 2014 CST

The Obama administration sought to end a long-running controversy by proposing new ways to enable employees of nonprofit religiously affiliated organizations for prescription contraceptives.

Marine insurers consider risks of Arctic shipping routes

Published August 21, 2014 CST

The shipping industry is increasingly looking at the possibility of using the Arctic shipping routes, leading insurers to consider the situation.