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Brokers launch business interruption cover for Ebola, other pandemics

Published October 15, 2014 CST

Miller Insurance Services L.L.P. and William Gallagher Associates Insurance Brokers Inc. on Wednesday launched a pandemic disease business interruption insurance coverage product.

Travelers sues P.F. Chang's to avoid paying breach costs

Published October 13, 2014 CST

A Travelers Cos. unit has filed suit against P.F. Chang's China Bistro Inc. seeking a judicial declaration that it is not obligated to provide indemnity coverage or defense costs in connection with a data breach announced earlier this year.

Employers taking action to avoid ACA excise tax

Published October 16, 2014 CST

Forty percent of employers say they expect at least one of their health care plans to be affected by a health care reform law-authorized excise tax — unless they act — with many already taking steps to reduce the likelihood that they will be hit by the tax.

Private equity firm acquires York Risk Services for $1.325B

Published October 13, 2014 CST

Toronto-based private equity firm Onex Corp. has closed on a deal to acquire third-party administrator York Risk Services Group Inc. for $1.325 billion, York said in a statement.

Medical evacuation services draw line at flying out Ebola patients

Published October 10, 2014 CST

(Reuters) — Leading companies offering medical evacuation services are drawing a line at flying Ebola patients out of West Africa for treatment abroad as the cost and the complexities of the deadly epidemic grow.

EEOC suits contend wellness programs violate disability law

Published October 12, 2014 CST

The EEOC recently filed lawsuits against two Wisconsin companies that underscore the need for more clarity on rules that govern employers' use of financial incentives to motivate employee participation in workplace wellness programs.

Hartford offers commercial auto discounts to encourage driver safety

Published October 15, 2014 CST

Hartford Financial Services Group Inc. has added premium discounts and other rewards to its commercial auto policy to encourage driver safety among small and midsize businesses.

About 250 firms plan to offer health benefits next year via Mercer's health exchange

Published October 13, 2014 CST

Nearly 250 employers will offer health care benefits to current and retired employees through Mercer L.L.C.'s “Marketplace” private health insurance exchange in 2015.

Colorado's September hailstorm insured damage estimated at $213.3M

Published October 13, 2014 CST

A Sept. 29 hailstorm that pounded parts of Colorado's Front Range has been ranked as the state's 8th most expensive hailstorm on record, racking up an estimated $213.3 million in insured losses.

Workers compensation ruling highlights exposure to commuter risks

Published October 12, 2014 CST

Workers in all states who are injured while commuting to or from their jobs typically are not entitled to workers compensation under the “going and coming” rule, but employers would be wise to defend themselves against exceptions.

Self-insured group coverage comes under attack

Published October 12, 2014 CST

PHOENIX — The Self-Insurance Institute of America Inc. is mobilizing for battle as self-insured group health insurance comes under attack from lawmakers at the state and federal levels.

Adding urine testing reduces opioid use and costs for comp patients

Published October 14, 2014 CST

In coordination with clinical monitoring and oversight, urine drug testing reduces the use of and amount paid for high-risk medications, including opioids, among injured workers, according to new studies by Helios.

USI expands in Northwest with purchase of employee benefits broker

Published October 14, 2014 CST

USI Insurance Services L.L.C. has acquired Wallace Insurance Inc./Scott Insurance Services, a middle-market employee benefits broker based in Anchorage, Alaska.

Berkshire-owned Dairy Queen says customer data hacked in 46 states

Published October 10, 2014 CST

(Reuters) — Ice cream and fast-food restaurant chain Dairy Queen has confirmed a security breach that may have compromised the payment card information of customers at several hundred locations across 46 U.S. states.

New Marsh CFO to take position March 1, 2015

Published October 16, 2014 CST

Courtney Leimkuhler will become chief financial officer of Marsh L.L.C. on March 1, 2015, the Marsh & McLennan Cos. Inc. unit announced Thursday.

NAS offers coverage for Ebola-related business closures

Published October 17, 2014 CST

NAS Insurance Services Inc. is offering a new insurance program for businesses facing the possibility of government-mandated closure because of the presence of Ebola.

Workers comp reform hasn't helped Illinois' construction industry

Published October 13, 2014 CST

It's been three years since sweeping reforms to Illinois workers compensation laws reduced the costs for treating injured employees. But those in the construction industry say they have yet to see meaningful reductions in premium costs.

Injured Florida worker granted $2,000 advance on comp benefits

Published October 08, 2014 CST

A Florida injured worker was due an advance payment of workers compensation benefits because she proved that she faced financial hardship from her workplace injury, Florida's 1st District Court of Appeal ruled Tuesday.

Trend of cutting benefits for part-time workers may add to workers comp costs

Published October 12, 2014 CST

With employers reducing their costs by cutting health insurance for part-time workers, workers compensation and safety experts worry that uninsured part-time workers may drive a spike in the frequency of comp claims.

Swiss Re to cover product contamination or failure in U.K., Ireland, Italy

Published October 13, 2014 CST

Swiss Re Corporate Solutions will offer contaminated products insurance to manufacturers, retailers and distributors in the food and drink industries in the United Kingdom, Ireland and Italy, the Zurich, Switzerland-based reinsurance company announced Monday.

'Gendernomics' leads to less retirement savings for women

Published October 15, 2014 CST

Because of the “wage gap,” women accrue smaller 401(k) balances on average than their male counterparts even though they typically invest a higher percentage of their salaries.

TD Bank to pay $850K in multi-state settlement over 2012 breach

Published October 15, 2014 CST

(Reuters) — TD Bank N.A. agreed to pay $850,000 and reform its practices to resolve a nine-state probe of a 2012 data breach, New York Attorney General Eric Schneiderman said on Wednesday.

Katie School names David M. Lockton 2014 Hall of Fame Laureate

Published October 17, 2014 CST

Illinois State University’s Katie School of Insurance and Financial Services named the chairman of Lockton Cos. L.L.C. its 2014 Hall of Fame Laureate.

Canada condo boom rolls on as buildings fall apart

Published October 13, 2014 CST

(Reuters) — While Toronto's housing boom rolls on, some of the housing itself is falling apart.

OFF BEAT: Trading on Eagles’ name can endanger a company

Published October 13, 2014 CST

One thing corporations should know about members of soft rockers The Eagles, is that they are unlikely to “take it easy” if they feel that their image or intellectual property rights have been infringed.