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CEOs tout benefits of Ace buying Chubb

Published July 01, 2015 CST

Ace Ltd.'s acquisition of property/casualty and specialty insurer Chubb Corp. for $28.3 billion will “make each other better,” Ace Chairman and CEO Evan G. Greenberg said Wednesday.

Willis, Towers Watson merger expands benefits reach

Published June 30, 2015 CST

Willis Group Holdings P.L.C. and Towers Watson & Co.'s proposed $18 billion merger of equals announced Tuesday will benefit both companies, the management of both broker consultants said.

Cadillac tax driving private health insurance exchange enrollment

Published June 29, 2015 CST

LAS VEGAS — Several factors are driving employers to private health insurance exchanges, one of the biggest being the 40% excise tax on high cost health care plans set to go into effect in 2018.

Willis, Towers Watson to merge in all-stock deal

Published June 30, 2015 CST

Willis Group Holdings P.L.C. and Towers Watson & Co. have agreed to merge in a deal valued at about $18 billion, the companies announced Tuesday.

Most employers offer wellness programs, survey shows

Published June 30, 2015 CST

LAS VEGAS — Research from the Society for Human Resource Management Inc. shows employers are turning to chronic disease management programs, fitness classes and even massages to combat rising health care costs.

California workers comp changes proposed

Published June 29, 2015 CST

The Workers’ Compensation Insurance Rating Bureau of California proposes a new experience rating formula and other changes in its 2016 regulatory filing to the state’s insurance department.

Marijuana ruled 'reasonable and necessary' for injured worker's pain relief

Published June 30, 2015 CST

The New Mexico Court of Appeals has again ruled that medical marijuana should be classified as “reasonable and necessary medical care” for an injured worker.

Telemedicine gaining acceptance

Published July 02, 2015 CST

LAS VEGAS — On-site health care clinics that treat employees' medical issues on the spot along with providing preventive care have proven a valuable investment for some employers, but they aren't financially feasible for small companies.

Analysts laud Ace, Chubb merger; will other insurers reassess?

Published July 01, 2015 CST

Ace Ltd.’s proposed $28.3 billion acquisition of Chubb Corp. is good news for both companies, analysts say.

Employers look to private exchanges to control health costs

Published July 01, 2015 CST

LAS VEGAS — The 40% excise tax on high-cost health care plans set to go into effect in 2018 is driving employer interest in private health insurance exchanges as a way to control costs and avoid the tax.

Construction bears more opioid-related costs than other industries

Published June 29, 2015 CST

The cost of opioid use is greater for injured construction workers than for injured workers in other industries, according to a new analysis by insurer CNA Financial Corp.

Employers interested in moving retirees to public exchanges, Mercer says

Published July 02, 2015 CST

Nearly half — 45% — of employers that offer health care coverage to pre-Medicare eligible retirees say they are considering or already have begun directing the retirees to public exchanges, according to a new Mercer L.L.C. survey.

Unpaid internships legal when they boost interns' learning, court rules

Published July 02, 2015 CST

(Reuters) — Unpaid internships are legal when they are closely tied to interns' educations, a U.S. appeals court in Manhattan said on Thursday in reversing a decision that Fox Searchlight Pictures Inc. broke the law by not paying interns.

Marsh makes big mid-market push with Texas purchase

Published June 01, 2015 CST

Marsh L.L.C. continued its expansion into mid-market business with the acquisition announced Monday of Top 50 brokerage MHBT Inc.

Who controls the data? Supreme Court to hear health care case

Published June 30, 2015 CST

The U.S. Supreme Court will hear a case next term on whether a self-funded employer should have to turn over certain information to the state of Vermont — a case that could have far-reaching implications.

Employers worry about changing overtime exemption

Published June 30, 2015 CST

Attorneys who represent employers are worried the U.S. Department of Labor will issue a final proposal that will change the so-called “white collar exemptions” for overtime without giving employers the opportunity to comment on the issue first.

Insurers to get almost $8 billion in health care reform reimbursements

Published July 01, 2015 CST

The federal government will pay out nearly $8 billion in claims reimbursements to 437 health insurers under a reinsurance program created by the health care reform law.

Accidental shooting at hunt club not covered by insurance

Published July 01, 2015 CST

Scottsdale Insurance Co. is not obligated to indemnify a hunt club member who accidentally shot someone under terms of the club’s commercial general liability policy, an appeals court ruled.

Marsh & McLennan Agency acquires St. Louis broker

Published July 01, 2015 CST

Marsh & McLennan Agency L.L.C., a White Plains, New York-based subsidiary of Marsh L.L.C., on Wednesday said it has acquired St. Louis-based independent insurance broker J.W. Terrill Inc.

Willis exec jumps ship to rival broker

Published June 29, 2015 CST

Steve Hearn has been named global CEO of London-based brokerage Cooper Gay Swett & Crawford Ltd. effective Nov. 2, the company announced Monday.

Aerospace premiums down for eighth year in a row

Published June 30, 2015 CST

An Aon P.L.C. report released Tuesday says aerospace sector premiums have fallen for the eighth consecutive year.

Employers urged to turn their attention to health reform law compliance

Published June 26, 2015 CST

CHICAGO — Now that the U.S. Supreme Court has ruled to uphold premium subsidies for health insurance obtained through both federal and state exchanges, employers should turn their focus to the health reform law’s extensive reporting requirements, benefits experts agreed.

Anthem takeover of Cigna poses operational, financial risks

Published June 24, 2015 CST

Investment analysts warned that health insurance giant Anthem Inc.'s proposed acquisition of rival Cigna Corp. could expose the combined company to significant operational and financial risks.

Crawford & Co.'s Bonnie Sawdey named Benefit Manager of the Year®

Published June 21, 2015 CST

In the latest episode of In Focus, we talk to Business Insurance's 2015 Benefit Manager of the Year®, Bonnie Sawdey, vice president of human resources at Atlanta-based Crawford & Co.

High expectations for Willis, Towers Watson merger

Published June 30, 2015 CST

Market analysts gave a general thumbs up to the proposed merger of Willis Group Holdings P.L.C. and Towers Watson & Co. announced Tuesday.