Current Issue

Subscriber only, premium content. Sunday, February 7

Most Emailed News

'Huge potential' for funding employee benefits risks through captives

Published February 02, 2016 CST

For certain lines, including group-term life and long-term disability, the cost savings can run 15%-25%.

Property/casualty insurance rates slide further in January

Published February 05, 2016 CST

According to MarketScout CEO Richard Kerr, "commercial property insurers are getting ready to scratch each other's eyes out as they fight for market share."

Captive insurers can help reduce health care liability risks

Published February 02, 2016 CST

Collaboration with commercial insurers opens door to improved patient care.

Employers look to captive insurers for stop-loss coverage for health plans

Published February 03, 2016 CST

Whether retaining all the risk or shifting some to reinsurers, the savings can be substantial.

Doctor who overprescribed opioids gets up to life in prison

Published February 05, 2016 CST

The fate of Dr. Hsiu-Ying "Lisa" Tseng serves as a stark warning to doctors tempted to engage in irresponsible painkiller prescribing practices.

Small captive owners face specific rules to prevent IRS scrutiny

Published February 03, 2016 CST

Increase in maximum premiums and diversification tests come about after agency links captives to tax shelters.

Hartwig to leave Insurance Information Institute, headed to academia

Published February 04, 2016 CST

Bob Hartwig, the Insurance Information Institute's president since 2007, is leaving to take a university post — and his shoes will be hard to fill.

U.S. businesses on their own when facing foreign cyber attacks

Published February 03, 2016 CST

Privacy laws stand in way when hackers in China, Russia, North Korea and Iran look to steal intellectual property from companies here.

Hearing for Tennessee workers comp opt-out bill canceled

Published February 02, 2016 CST

A Tennessee House of Representatives subcommittee hearing for a bill that would allow private employers to opt out of the state's workers compensation system has been canceled.

Obama administration to propose changes to Cadillac tax

Published February 04, 2016 CST

The Obama administration's upcoming 2017 federal budget proposal will include changes to the health care reform law's so-called Cadillac tax, administration officials disclosed Wednesday.

Did texting scandal derail Tennessee workers comp opt-out effort?

Published February 04, 2016 CST

State legislative leader's leave of absence puts the Employee Injury Benefit Alternative, a bill he co-sponsored last February, on hold.

Erie Insurance sends in the drones

Published January 31, 2016 CST

Pennsylvania-based insurer has become one of the first to use the devices to assess claims damages.

AIG: Splitting property and life business would hurt shareholders

Published February 02, 2016 CST

Filing with SEC includes report showing how the loss of "diversification benefits" will hit return on investment.

AIG property/casualty units downgraded by Moody's

Published January 27, 2016 CST

Moody's Investors Service announced its financial strength rating downgrade one day after AIG unveiled a plan to improve its performance.

Arthur J. Gallagher names new leader of wholesale unit

Published February 01, 2016 CST

Arthur J. Gallagher & Co. has made a leadership transition in its U.S. wholesale brokerage business.

EEOC's data collection proposal could spike litigation against employers

Published February 02, 2016 CST

Agency points out continued wage gap that has the typical woman making 21% less than the typical man, a percentage that grows dramatically for minorities.

Insurance coverage for joint employers a moving target

Published February 05, 2016 CST

NEW YORK — The joint employer concept is an ongoing hot-button issue that is going to continue to be of concern to private and nonprofit employers.

Allied World re-evaluating underwriting strategy as profit dives

Published February 05, 2016 CST

The Swiss insurer's profits plummeted 98.7% to $1.7 million in the fourth quarter of 2015.

Lumber firm fined $13.2 million for illegal importation of flooring

Published February 01, 2016 CST

Department of Justice says flooring retailer Lumber Liquidators left "a trail of corrupt transactions and habitat destruction."

CVS to make overdose drug naloxone prescription-free in Ohio

Published February 02, 2016 CST

State among top five — with West Virginia, New Mexico, New Hampshire and Kentucky — for the highest death rates from opioid overdoses.

Chicago insurance broker makes West Coast buy

Published February 03, 2016 CST

Hub International Ltd. on Wednesday said it has acquired San Francisco-based Equity Risk Partners Inc.

(subscription required)Private equity buyers drive surge in deals as brokerage acquisitions accelerate

Published January 31, 2016 CST

Mergers and acquisitions of insurance agents and brokerages in the United States and Canada set fresh records in 2015 in deals pushed by strong valuations and ongoing private equity interest.

13 indicted in multimillion-dollar comp claim fraud scheme

Published January 29, 2016 CST

It's “one of the largest workers' compensation health care insurance bribery schemes ever uncovered in San Diego County.”

(subscription required)Lloyd's developing cyber insurance standards

Published January 31, 2016 CST

Core data requirements devised by Lloyd's of London provide a critical first step in better underwriting and developing cyber risk models that will ultimately help the buyer.

Aetna profit up despite public health exchange losses

Published February 01, 2016 CST

Even its underwhelming 2015 public health insurance exchange business didn't stop the insurer from boosting its net income by 38.3%.