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Reported data breaches running 20.5% higher than in 2013: Report

Published July 24, 2014 CST

The number of data breaches so far this year, at 411, is a 20.5% increase over the same time period last year, says the Identity Theft Resource Center, in a report issued Wednesday.

IRS releases draft of employer reporting form for health reform law compliance

Published July 25, 2014 CST

The Internal Revenue Service has issued draft versions of the reporting forms most employers will begin using next year to show that their group health insurance plans comply with the health care reform law.

Most employers don't measure cost of worker absences: Survey

Published July 23, 2014 CST

The majority of employers don't measure the impact of absence on their bottom line, despite the fact that it costs about 8% of payroll on average, according to an Aon Hewitt survey released Wednesday.

Total cost of risk for companies rises in 2013: RIMS survey

Published July 28, 2014 CST

The average total cost of risk for companies rose for third straight year in 2013, analysis released Monday by the Risk & Insurance Management Society Inc. and Advisen Ltd. finds.

Greenbrier says rapid phase-out of older oil-by-rail tank cars doable

Published July 24, 2014 CST

(Reuters) — A top U.S. railcar maker, The Greenbrier Companies Inc., said on Wednesday a two-year timeline to retire older railcars that carry dangerous flammable liquids, including North Dakota Bakken crude, is “aggressive” but can be done.

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.

IronHealth offers Medicare set-aside liability policy

Published July 29, 2014 CST

IronHealth is offering a Medicare set-aside liability policy for self-insured employers and workers compensation insurers that choose not to seek approval from the U.S. Centers for Medicare & Medicaid Services for workers compensation Medicare set-aside arrangements.

OFF BEAT: Dog slips disc in tall grass, owner wants vet bill reimbursed

Published July 28, 2014 CST

The legal arena can be a dog-eat-dog world, but one pet owner from England is taking on her local council to seek compensation for injuries her dog sustained while undertaking that most clichéd of dog activities: chasing a cat.

EEOC sues employer for demanding health care details for worker absences

Published July 28, 2014 CST

The EEOC has filed suit against a construction equipment supplier, charging that it violated the Americans with Disabilities Act by improperly demanding disability-related information from its workers.

Australia's QBE warns H1 results could disappoint

Published July 29, 2014 CST

(Reuters) — QBE Insurance Group, Australia's biggest insurer by premium income, on Tuesday warned that its first-half results would likely fall short of analysts' forecasts, hit by higher-than-expected claims.

Florida packing plant's workers accused of workers comp fraud

Published July 22, 2014 CST

The vast majority of workers at a Naples, Florida, produce packing plant are accused in a scheme to commit workers compensation fraud, the Florida Department of Financial Services said Tuesday.

Colorado insurance exchange CEO jumps to Cigna

Published July 25, 2014 CST

Patty Fontneau, CEO of Connect for Health Colorado, will leave her position at the state's health insurance exchange in mid-August to become president of Cigna Corp.'s private exchange business.

Ohio workers comp bureau agrees to pay as much as $420M in settlement

Published July 24, 2014 CST

The Ohio Bureau of Workers’ Compensation has settled its long-standing legal dispute with a group of small business owners.

Airline war risk insurance expected to rise due to global conflicts

Published July 24, 2014 CST

(Reuters) — Insurers are expected to hike war risk premiums for airlines following losses due to global conflicts, including the downing of a Malaysia airplane over Ukraine, A.M. Best Co. Inc. said Wednesday.

NCAA proposes $75M settlement of concussion lawsuits filed by college players

Published July 29, 2014 CST

The National Collegiate Athletic Association on Tuesday filed a proposed $75 million settlement of several consolidated class action suits brought by athletes who suffered concussions while playing college sports.

RPM reaches $797.5M deal to resolve Bondex asbestos claims

Published July 28, 2014 CST

(Reuters) — RPM International Inc. announced a $797.5 million deal to resolve asbestos claims against its Bondex International Inc. unit, which filed for protection from creditors in 2010 after mounting personal injury lawsuits.

U.S. group overhauls China business in meat safety scandal

Published July 28, 2014 CST

(Reuters) — A leading U.S. meat supplier said on Monday that a Chinese unit at the center of a food safety scandal had issues that were “absolutely inconsistent” with the group's high standards.

Aspen shareholders vote to reject meetings proposed by Endurance

Published July 28, 2014 CST

Shareholders of Aspen Insurance Holdings Ltd. have voted to reject two meeting proposals from Endurance Insurance Holdings Ltd. in the latest round of the battle waged over Endurance's $3.2 billion hostile takeover offer.

Ace CEO confident of handling risks in emerging markets

Published July 25, 2014 CST

Evan Greenberg, chief executive of Ace Ltd., has said he is confident of being able to handle risks in emerging markets thanks to the insurer's strategy for integrating companies, Bloomberg reported.

Ex-BizJet CEO pleads guilty in Latin American bribe scandal

Published July 25, 2014 CST

The former president and CEO of Oklahoma City-based BizJet International Sales & Support Inc. has pleaded guilty for his participation in a scheme to pay bribes to Mexican and Panamanian government officials.

Natural catastrophes cause global insured damages of $22B in first half: Report

Published July 23, 2014 CST

Natural catastrophes caused about $22 billion in insured damage during the first half of 2014, according to a report issued Wednesday by Aon Benfield Group Ltd.

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.

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.

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.

More brokers sharing critical big data insight with mid-market clients

Published July 20, 2014 CST

After decades of gathering and warehousing data on insurance purchases, exposures and claims from their commercial clients, more insurance brokers are offering to share the power of their “big data” sets with their middle-market clients.