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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.

(subscription required)Ace's purchase of Chubb shifts industry dynamic

Published July 05, 2015 CST

Ace Ltd.'s proposed $28.3 billion acquisition of Chubb Corp. plays to the strengths of both companies and will create a formidable international insurer, according to both the parties involved and market analysts.

Aetna to buy Humana for $37 billion in largest insurance deal

Published July 03, 2015 CST

(Reuters) — Health insurer Aetna Inc. said it would buy smaller rival Humana Inc. for about $37 billion in cash and stock, in the largest-ever deal in the insurance industry.

(subscription required)Willis, Towers Watson combine forces to face new era

Published July 05, 2015 CST

Willis Group Holdings P.L.C. and Towers Watson & Co. are betting that a merger of near-equals will set up a broker consultant entity that's greater than the sum of its parts.

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.

BP says settles 2010 oil spill claims for $18.7 billion

Published July 02, 2015 CST

(Reuters) — BP P.L.C. said it has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico spill.

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.

(subscription required)Aetna's move to buy Humana may start trend

Published July 05, 2015 CST

After weeks of maneuvering, consolidation among major health insurers began Friday, with Aetna Inc. announcing that it will buy rival Humana Inc. for $37 billion.

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.

Anthem, Cigna in new round of talks, source says

Published July 02, 2015 CST

(Reuters) — Health insurer Cigna Corp. has had its first meetings with competitor Anthem Inc. after it rebuffed Anthem's $47 billion merger proposal last month, a person familiar with the matter said on Thursday.

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.

Store's data breach reveals payment card liability quandary

Published July 05, 2015 CST

A data breach at Midwest grocer Schnucks raises questions about the limitations and enforcement of payment card agreements with banks and card processors. Eduard Goodman, chief privacy officer of data privacy consulting firm IDT911, discusses the likelihood that such agreements will be rewritten, ensuring retailers are liable for settlements resulting from legal action around breaches.

Mercer shuffles North American, multinational leadership

Published July 01, 2015 CST

Mercer L.L.C., the consulting unit of Marsh & McLennan Cos. Inc. has appointed Simon O'Regan president of Mercer's North America region.

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.

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.

(subscription required)Workers comp attorney pay caps challenged

Published July 05, 2015 CST

A pending Florida Supreme Court decision and state legislative efforts are putting new focus on how to fairly compensate workers compensation attorneys without inviting additional litigation and greatly increasing claim costs.

(subscription required)More firms ban guns at work as violent outbreaks continue

Published July 05, 2015 CST

Ride-sharing service Uber Technologies Inc. has joined a host of other companies banning guns amid rising business and workplace violence, but the effectiveness of such bans is being questioned.

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.

Medical care inflation could increase workers comp costs

Published July 02, 2015 CST

With medical care inflation expected to rise, workers compensation payers should take steps to control higher medical costs per claim, sources said.

(subscription required)How wellness programs benefit business tough to determine

Published June 28, 2015 CST

Value on investment is a hot buzzword in wellness, but are businesses embracing it?

Medical professional liability insurer acquires health care consultant

Published July 01, 2015 CST

Coverys’ has invested in Archway Health Advisors and now holds an ownership position in the company, the Boston-based medical professional liability insurer said Wednesday.

United Airlines flight attendant's race bias case reinstated

Published July 06, 2015 CST

United Airlines Inc. failed to adequately respond to death threats received by a black airline attendant, said an appeals court in overturning a lower court ruling and reinstating her hostile work environment claim.

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.

Towers Watson stock price fluctuates after Willis deal

Published July 01, 2015 CST

The stock price of Towers Watson & Co. rebounded a little Wednesday after dipping in the wake of the company's announced merger with Willis Group Holdings P.L.C., a sign that investors could be embracing the logic of the deal, according to analysts.

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.