Business Insurance

Login  |  Register Subscribe



Most Read News

Ace excludes Ebola claims for some new and renewal general liability policies

Published October 21, 2014 CST

Ace USA confirmed Tuesday that it will exclude coverage for Ebola claims under new and renewal general liability polices issued to companies that have exposures to certain African countries.

Flexible spending account cap expected to rise in 2015

Published August 29, 2014 CST

The maximum contribution employees will be able to make to their flexible spending accounts is expected to rise in 2015 by $50 to $2,550, according to Buck Consultants at Xerox calculations.

Business Insurance announces 2014 Best Places to Work in Insurance winners

Published August 28, 2014 CST

A record 75 insurance industry companies are being recognized in this year's Business Insurance Best Places to Work in Insurance program.

Campaign encourages young workers to take path to insurance industry

Published October 20, 2014 CST

The insurance industry has launched an initiative to attract millennials to the profession.

Willis, Miller in talks to join forces in new Lloyd's brokerage

Published October 20, 2014 CST

Willis Group Holdings P.L.C. and Miller Insurance Services L.L.P. are in talks to create a London wholesale specialist broking firm which would combine the companies' wholesale businesses under the Miller brand as a stand-alone entity and separate Lloyd's broker, Willis said Monday.

IRS announces maximum 401(k) plan contribution limits for 2015

Published October 23, 2014 CST

The maximum contribution that can be made to 401(k) plans in 2015 will rise to $18,000, up from the current $17,500 limit, the Internal Revenue Service announced Thursday.

Property and casualty rates soft, but aviation rates could soar in 2015

Published October 21, 2014 CST

Commercial property and casualty rates will continue to be soft during 2015 as other lines like commercial aviation and in some cases cyber coverage could show strength.

U.S. property/casualty insurers' reserves steady for 2014: Moody's

Published October 17, 2014 CST

Reserves among U.S. property/casualty insurers will remain “moderately redundant” at year end 2014, with some differentiation among companies and business lines.

Allied World profit drops; business segments to be reorganized

Published October 23, 2014 CST

Third-quarter net income at Allied World Assurance Co. Holdings A.G. fell 74.8% from the prior-year period to $30.9 million as the Zug, Switzerland-based underwriter contended with increased catastrophe losses.

California's Prop 46 could boost medical professional liability rates

Published October 21, 2014 CST

Passage of California's Proposition 46 could result in higher medical professional liability insurance rates, according to a study released by A.M. Best Co. Inc. on Tuesday.

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.

Insurance sector falls short on addressing climate change: Report

Published October 22, 2014 CST

The insurance industry has shown a “profound lack of preparedness” in addressing climate-related risk and opportunities, says a report on a survey conducted by an advocacy group.

HHS form for health reform law reinsurance fee to be available Friday

Published October 21, 2014 CST

A long-awaited form employers will use to provide the HHS with information regulators will need to calculate the amount of a “reinsurance” fee mandated by the health care reform law will be available online starting Friday.

Connecticut police win immunity from sex bias charges

Published October 06, 2014 CST

A federal appeals court has overturned a lower court and ruled that four New Britain, Connecticut, police officers have qualified immunity from being charged with sex discrimination.

Humana looks to sell urgent care subsidiary Concentra: Sources

Published October 22, 2014 CST

(Reuters) — Health insurer Humana Inc. is exploring a sale of its urgent care subsidiary Concentra in a deal that could value it at around $1 billion, according to three people familiar with the matter.

McConnell's claims on Kentucky exchange, Obamacare baffle experts

Published October 21, 2014 CST

Senate Minority Leader Mitch McConnell, R-Ky., has made a habit of saying that repealing the ACA would not necessarily mean shutting down Kentucky's popular insurance exchange.

Possible sunset of federal terrorism coverage backstop concerns insurers

Published October 21, 2014 CST

CHICAGO — The federal terrorism insurance backstop set to expire at the end of this year likely will be replaced or extended, but insurers are worried about workers comp exposures if the backstop goes away.

Donna Nadeau named COO of XL North America property/casualty insurance operations

Published October 24, 2014 CST

XL Group P.L.C. has named Donna Nadeau chief operating officer of its North America property/casualty insurance business, the Dublin-based company said Friday.

Ironshore expanding into agriculture sector

Published October 20, 2014 CST

Ironshore International, a unit of Hamilton, Bermuda-based Ironshore Inc., said Monday it plans to enter the agriculture sector, offering capacity limits of up to $10 million, with the appointment of a divisional director.

Hurricane Gonzalo damaged roofs, knocked out power in Bermuda

Published October 20, 2014 CST

Hurricane Gonzalo hit Bermuda Friday night, leaving damaged roofs and electricity outages in its wake, catastrophe modeling firm AIR Worldwide said in a statement Monday.

Marsh to acquire flood insurance specialist Torrent Technologies

Published October 20, 2014 CST

Marsh L.L.C has signed a definitive agreement to acquire Torrent Technologies Inc., Marsh said Monday.

Justice Department to increase focus on cyber threat, economic espionage

Published October 22, 2014 CST

The Justice Department is making strategic changes to put additional focus on the protection of national assets from the threat of state-sponsored economic espionage and proliferation, including through cyberspace.

Late-term medical costs lower for older workers comp claimants: NCCI

Published October 20, 2014 CST

Workers compensation claimants younger than 60 have higher medical claim costs for medical payments made 20 and 30 years after their initial injury compared with claimants who are age 60 or older..

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.

No change in Colorado comp loss rates for 2015

Published October 20, 2014 CST

Colorado employers will see no change to workers compensation loss cost rates for next year, the state Department of Regulatory Agencies said Thursday.