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Worker can't sue employer's insurer over amputated hand under Texas' opt-out law

Published November 24, 2014 CST

A man who was injured while working for a Texas employer who opted out of the state workers compensation system can't sue the company's liability insurer until his employer's liability toward him has been established.

Property catastrophe insurance rates to drop at Jan. 1 renewals: Swiss Re

Published November 25, 2014 CST

LONDON — Property catastrophe reinsurance rates likely will continue to fall at the upcoming Jan. 1 renewals, but the rate of decrease at subsequent renewals is likely to slow, according to a report by Swiss Re Ltd.

Plant closed by ammonia discharge suffered direct physical property loss: Court

Published November 26, 2014 CST

The sudden discharge of ammonia that temporarily closed a New Jersey-based manufacturer's plant qualifies as direct physical property loss or damage under New Jersey law, a federal judge has ruled.

Insurers see rates falling up to 15% as competition bites

Published November 20, 2014 CST

(Reuters) — Competition in the global insurance market is driving commercial rates down by as much as 15%, according to senior industry participants as some look to new revenue boosting products.

Judge allows Honeywell wellness penalties to stand during EEOC lawsuit

Published November 04, 2014 CST

A federal judge has rejected the EEOC's request for an order temporarily barring Honeywell International Inc. from penalizing workers who refused to participate in its workplace wellness program.

HHS proposes third-year fee of $27 for ACA reinsurance program

Published November 24, 2014 CST

Self-funded employers and other health care plan sponsors would have to pay $27 for each health plan enrollee in the third and final year of the Transitional Reinsurance Program authorized by the health care reform law, federal regulators proposed Friday.

GE will steer workers to Northwestern Memorial for hips and knees

Published November 25, 2014 CST

General Electric Co. has contracted with Northwestern Memorial Hospital to be one of GE's four centers of excellence for total hip and knee replacement surgeries.

Liberty Mutual expands cyber coverage for commercial buyers

Published November 24, 2014 CST

Liberty Mutual Insurance Co. on Monday said it is offering cyber coverage to users of its commercial package products and monoline general liability policies for small and midsize businesses.

Construction labor shortage raises safety concerns

Published November 23, 2014 CST

NASHVILLE, Tennessee — As a global trend toward urbanization and large infrastructure projects looks to spike demand for services in the coming decades, the construction industry is at a crossroads.

HHS warns employers about skimpy health plans

Published November 24, 2014 CST

The HHS is warning employers that group health care plans that do not provide coverage for inpatient hospital and physician services will not pass the health reform law's “minimum value” test, the second federal agency to do so.

Competition may lead to more mergers of London market brokers

Published November 23, 2014 CST

More mergers and acquisitions among London market insurance brokers are likely if current market conditions persist.

Aramark risk manager Debra Rodgers honored

Published November 25, 2014 CST

Aramark Corp. risk manager Debra Rodgers last week was awarded the 2014 Distinguished Leadership Award from the Insurance Society of Philadelphia.

PERSPECTIVES: Drone regulation would create need for liability insurance

Published November 23, 2014 CST

Civilian use of unmanned aerial systems, or drones, is transforming certain industries but current aviation regulations don't effectively address the technology, says Jonathan S. Ziss of law firm Goldberg Segalla L.L.P. Once regulations are in place, a liability framework should emerge that will lead to an increased need for insurance.

Washington state workers comp rates to increase 0.8% in 2015

Published November 25, 2014 CST

Workers compensation advisory rates for Washington state businesses will increase 0.8% in 2015, the state Department of Labor & Industries said Tuesday.

Honda admits under-reporting serious U.S. accidents since 2003

Published November 25, 2014 CST

(Reuters) — Honda Motor Co. failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.

Marsh unit sets up U.K. terrorism insurance facility

Published November 25, 2014 CST

Bowring Marsh, the specialist international placement arm of Marsh L.L.C., on Tuesday launched a U.K. terrorism insurance facility.

RenaissanceRe to buy Platinum Underwriters for $1.9B

Published November 24, 2014 CST

(Reuters) — RenaissanceRe Holdings Ltd. said it would buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd. for about $1.9 billion to boost its U.S. business.

NAIC supports adding to list of qualified reinsurance jurisdictions

Published November 23, 2014 CST

While a group representing London market underwriters welcomes a National Association of Insurance Commissioners recommendation that five international regulators be added to its list of qualified jurisdictions, the International Underwriting Association says it does not go far enough in leveling the playing field for overseas reinsurers operating in the United States.

Insurance industry PACs back Republican winners in congressional races

Published November 23, 2014 CST

Property/casualty insurance industry political action committees did well in the midterm elections, and officials say member input was crucial to their success.

Workers compensation insurer rate cuts may follow profitable 2014

Published November 23, 2014 CST

Workers compensation insurers could see their first year of underwriting profitability in nearly a decade due to rate increases, an improving economy, and a focus on data analytics that has helped improve underwriting and workplace safety.

Attacks on hospital nurses trigger state laws to protect them

Published November 23, 2014 CST

Recent acts of violence against health care employees are leading more states to take action to protect medical workers' safety.

Employers moving post-65 retirees to private health insurance exchanges

Published November 23, 2014 CST

A growing number of employers that offer health insurance to post-65 retirees are turning to private exchanges since the health care reform law took effect to provide coverage on an individual basis, often at a lower cost than their group plans could.