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Political violence map shows 44% of countries vulnerable to terrorism: Aon

Published May 15, 2013 CST

Forty-four percent of countries have an identifiable risk of terrorist attack, according to Aon P.L.C.'s 10th annual terrorism and political violence map.

CBO lowers health reform 'Cadillac' tax, employer penalty estimates

Published May 15, 2013 CST

The Congressional Budget Office has nearly halved the revenue it expects the federal government to collect from employers through the health care reform law's so-called “Cadillac tax.”

Bill to ease workers comp Medicare set-aside process introduced

Published May 15, 2013 CST

A bill that would ease the Medicare Secondary Payer reimbursement process for workers compensation settlements has been introduced in Congress.

Future health care to cost 2013 retirees $220,000: Fidelity estimate

Published May 16, 2013 CST

A 65-year-old couple retiring in 2013 without employer-provided retiree health insurance will need about $220,000 to pay future medical-related expenses, Fidelity Investments said in an analysis released Thursday.

Mass. health insurance exchange enrollment sets record in April

Published May 13, 2013 CST

Enrollment in Massachusetts' Commonwealth Care health insurance exchange has hit another all-time high with 205,475 covered lives in April.

Workers comp combined ratio, premiums improve in 2012: NCCI leader

Published May 16, 2013 CST

ORLANDO, Fla. — The state of the workers compensation insurance market is “encouraging,” with the line's combined ratio improving by 6 percentage points and premium volume up 9% in 2012, NCCI Holdings Inc. said Thursday.

Measure to repeal health care reform will be vetoed: President Obama

Published May 15, 2013 CST

President Obama will veto legislation that would repeal the 2010 health care reform law, the administration said Wednesday.

Genetic test that saved Angelina not widely covered

Published May 15, 2013 CST

Angelina Jolie's revelation that she had a preventive double mastectomy to reduce her risk of getting breast cancer was hailed as a brave move by patient advocates.

StoneRiver's National Flood Services unit buys CSC's Flood BPO

Published May 15, 2013 CST

Oakland, Calif.-based insurance software provider StoneRiver Inc. said its National Flood Services Inc. subsidiary has acquired the flood insurance business process outsourcing unit of Falls Church, Va.-based software and services firm Computer Sciences Corp.

HHS approves new health insurance exchange coverage approach

Published May 14, 2013 CST

Utah will continue to operate its two-year-old health insurance exchange for small employers, while the federal government will start one for individuals under an agreement reached by federal and Utah officials.

Lloyd's construction consortium offers capacity of $166 million

Published May 13, 2013 CST

Four Lloyd's of London insurers have formed a consortium to offer their combined capacity to large construction risks.

Business Insurance IN FOCUS Video: Challenges of an improving economy

Published May 14, 2013 CST

In our latest weekly video, Business Insurance highlights the issues risk managers face with a recovering economy.

Grandfathered health plans dwindling: Analysis

Published May 16, 2013 CST

The percentage of employers with grandfathered health care plans continues to dwindle, according to a survey released Thursday.

Indiana workers comp reform includes rules for repackaged drugs

Published May 13, 2013 CST

Indiana Gov. Mike Pence has signed into law workers compensation reform legislation that implements several cost containment measures, including regulations for repackaged drugs.

Asian insurers offering significant capacity for global property risks

Published May 17, 2013 CST

Asian insurers, including several based in China, are offering significant capacity for international property risks, according to brokerage executives at Marsh Inc.

S&P cuts Berkshire Hathaway rating one notch to 'AA'

Published May 16, 2013 CST

(Reuters) — Credit-rating agency Standard & Poor's Corp. cut its rating on Berkshire Hathaway Inc., the insurance and industrial conglomerate controlled by billionaire investor Warren Buffett, one notch.

New TRIA bill would extend terrorism insurance backstop for 10 years

Published May 10, 2013 CST

A bill extending the federal government's terrorism insurance backstop through 2024 was introduced by Rep. Bennie G. Thompson, D-Miss., on Thursday.

Lloyd's of London wins professional liability claims dispute on appeal

Published May 14, 2013 CST

A Lloyd's of London syndicate is not obligated to pay claims under a professional liability policy issued to a securities dealer because the claims involved relate to other claims that fall outside the policy period.

Companies of all types should look at environmental insurance: Study

Published May 13, 2013 CST

Organizations that do not purchase dedicated environmental insurance policies frequently are not fully covered, or covered at all, in the event of a loss, making them vulnerable to liabilities that could be hard to manage.

Tokio Millennium Re moving domicile from Bermuda to Switzerland

Published May 14, 2013 CST

Hamilton, Bermuda-based Tokio Millennium Re Ltd. said Tuesday that it plans to move its place of incorporation to Switzerland as part of a larger restructuring effort.

Reinsurer Q-Re names key management executives

Published May 13, 2013 CST

Doha, Qatar-based reinsurer Q-Re L.L.C. announced several executive appointments on Monday as part of its previously announced strategy to expand into the global reinsurance market.

Model notices for health insurance exchange notification released

Published May 09, 2013 CST

Federal regulators on Wednesday released model notices that employers can provide to employees to satisfy a federal health care reform law requirement that employees be notified about the availability of public health insurance exchanges.

AmTrust buys property insurer serving smaller entities

Published May 15, 2013 CST

AmTrust Financial Services Inc. has purchased Mutual Insurers Holding Co. and its subsidiary, First Nonprofit Insurance Co., the companies announced Tuesday.

House once again votes to repeal health care reform law

Published May 17, 2013 CST

For the third time, the U.S. House of Representatives has voted to repeal the health care reform law, but it again looks highly unlikely that the Democrat-controlled Senate will follow suit.

OFF BEAT: N.H. city takes on parking meter Robin Hoods

Published May 14, 2013 CST

Real-life Robin Hoods are being hunted — not by the Sheriff of Nottingham, but by the city of Keene, N.H.