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Most Emailed Mid-Market Executive News

IRS relaxes health reform law $2,500 limit for noncalendar-year FSAs

Published May 30, 2012 CST

WASHINGTON—The Internal Revenue Service on Wednesday provided regulatory relief for health care flexible spending account participants and also said it is reconsidering its longtime use-it-or-lose-it rule for FSAs.

South Shore Hospital to pay $750,000 in data breach settlement

Published May 29, 2012 CST

WEYMOUTH, Mass.—A June 2010 data breach will cost Weymouth, Mass.-based South Shore Hospital $750,000 in fines and remediation costs, according to a civil settlement with the state Attorney General's Office announced last week.

Calif. workers comp claims show sharp increase in medical costs: Study

Published May 25, 2012 CST

CAMBRIDGE, Mass.—California has seen a “steep” increase in medical costs for workers compensation claims despite reforms to the system in the last several years that initially reduced costs, according to the Workers Compensation Research Institute.

Small companies may face greater scrutiny when buying D&O coverage under JOBS Act: Report

Published May 29, 2012 CST

Small companies utilizing provisions of the recently passed JOBS Act may face greater scrutiny when purchasing directors and officers liability insurance, according to a new report from Marsh Inc., an unit of New York-based Marsh & McLennan Cos.

Most firms with DB plans to keep them open to new hires: Study

Published May 23, 2012 CST

More than two-thirds of U.S. corporations that offer a defined benefit pension plan to new employees say they are committed to continue offering the plan to new hires, according to a survey from Towers Watson & Co.

NLRB reports on overbroad, unlawful social media policies

Published June 01, 2012 CST

The National Labor Relations Board has issued another report on social media policies in which it cites six cases where it contends employers' policies and rules were overbroad and unlawful.

CSU increases Atlantic hurricane prediction for 2012

Published June 01, 2012 CST

FORT COLLINS, Colo.—The hurricane forecasting team at Colorado State University has increased the number of hurricanes it expects to form in the Atlantic basin this hurricane season to five from the four predicted in April.

Employee's coffee-break injury not compensable: Court

Published May 31, 2012 CST

JEFFERSON CITY, Mo.—The Missouri Supreme Court ruled Tuesday that workers compensation benefits should be denied for a Missouri woman who twisted her ankle while making a pot of coffee for herself and her coworkers.

Buyers struggling with coverage gaps, service shortfalls: Risk manager panel

Published May 03, 2012 CST

NEW YORK—Though conditions in the commercial casualty insurance market remain generally favorable, buyers still struggle with significant coverage gaps and service shortfalls in addressing their companies' exposures, a panel of risk managers said Tuesday at Advisen Ltd.'s Casualty Insights Conference in New York.

Defense of Marriage Act struck down by U.S. appeals court

Published May 31, 2012 CST

BOSTON—The controversial federal law that effectively denies married same-sex couples the same federal benefits afforded to heterosexual couples violates constitutional guarantee of equal protection, a federal appeals court ruled Thursday.

Average PPO cost per family hits all-time high: Milliman

Published May 15, 2012 CST

While cost increases for families enrolled in employer-sponsored preferred provider organizations have slowed since 2010, average total costs per family still hit an all-time high, according to a report released Tuesday by Seattle-based Milliman Inc.