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Subscriber only, premium content. Tuesday, October 13

Most Read News

Wal-Mart sues insurers over Tracy Morgan crash settlement payments

Published October 07, 2015 CST

Wal-Mart Stores Inc. is suing several excess insurers over their alleged recalcitrance in paying the settlement that was reached with comedian Tracy Morgan and others in connection with the 2014 accident, in which one of its trucks crashed in to the comedian's limousine, according to a report.

Volkswagen's U.S. chief blames emissions scandal on 'individuals'

Published October 08, 2015 CST

According to Volkswagen North America CEO Michael Horn, "a couple of software engineers" are behind the installation of defeat devices in the automaker's diesel cars since 2009.

In lawsuit over hacking, Uber probes IP address assigned to Lyft exec

Published October 08, 2015 CST

(Reuters) — Eight months after disclosing a major data breach, ride service Uber is focusing its legal efforts on learning more about an internet address that it has persuaded a court could lead to identifying the hacker. That address, two sources familiar with the matter say, can be traced to the chief of technology at its main U.S. rival, Lyft.

Towers Watson shareholder says Willis merger 'destroys' value

Published October 09, 2015 CST

Towers Watson shareholder Driehaus Capital Management said Wednesday in a filing with the SEC that the merger agreement between Willis Group Holdings and Towers “destroys substantial shareholder value.” Towers Watson disagrees.

U.S. judge approves settlement for Lac-Megantic oil train disaster victims

Published October 09, 2015 CST

(Reuters) — A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart of the disaster.

Employees often disengage from employer wellness programs

Published October 07, 2015 CST

BOSTON — Employers are struggling to connect workplace wellness programs and incentives to the wants and needs of their employees, according to a new study.

Coverage protects manufacturers from California product liability

Published October 08, 2015 CST

Wells Fargo Insurance Services USA Inc. said Thursday that they have launched an insurance program specifically designed to provide protection from California’s Proposition 65 law.

Successful wellness program can trim disability, absence costs

Published October 06, 2015 CST

After revamping its wellness program to target high blood pressure, cholesterol, body-mass index and other biometric indicators of metabolic syndrome, CarMax sees a significant drop in costs associated with employee absences.

'Bond king' sues Pimco for $200 million over forced ouster

Published October 08, 2015 CST

Famed bond investor Bill Gross says his $250 million bonus drove jealous managing directors at Pimco, a unit of Allianz S.E., to plot his ouster.

Maximum FSA contributions expected to stay the same for 2016

Published August 19, 2015 CST

With inflation running low, the maximum contribution employees will be able to make to their flexible spending accounts in 2016 is expected to remain unchanged, according to the latest government statistics.

FAA fines drone company $1.9 million for unauthorized aerial photography flights

Published October 07, 2015 CST

The Federal Aviation Administration handed out its largest-ever penalty to a drone operator for “endangering the safety of our airspace,” the Administration said in a statement Tuesday.

Physical health takes back seat among employee wellness concerns

Published October 08, 2015 CST

BOSTON — While most workplace wellness programs are designed primarily to improve employees' physical health, employees say physical health is far less important than other elements of their total well-being.

California closed formulary for workers comp prescriptions approved

Published October 07, 2015 CST

A new bill to establish a closed formulary for medications prescribed in the California workers comp system seeks to combat the overutilization of opioids and other drugs.

Buying cyber cover requires sharing most sensitive data

Published October 06, 2015 CST

This helps explain why the insurance has so few takers in Europe.

Health care reform law subsidy cuts Calif. premiums nearly 75%

Published October 08, 2015 CST

Federal health reform law premium subsidies have slashed the cost of coverage for eligible lower-income individuals obtaining policies in the California exchange, according to an analysis released Thursday.

Gas utility seeks OK to fund life insurance, disability via captive

Published October 07, 2015 CST

A St. Louis-based utility company has asked the U.S. Labor Department for permission to use its South Carolina captive insurer to fund life insurance and long-term disability risks.

Opting out of workers comp program demands careful consideration

Published October 06, 2015 CST

Employers tempted to opt out of a workers compensation system should make sure they fully understand the ramifications of doing so.

Potato packers fined $450,000 for sexual harassment, retaliation

Published October 07, 2015 CST

Two companies that operated a joint potato packing plant in Monte Vista, Colorado, will pay $450,000 to settle a lawsuit that accused them of harassment and retaliation, said the Equal Employment Opportunity Commission Wednesday.

Reinsurance group acquires life and health units

Published October 09, 2015 CST

Nassau Reinsurance Group L.P. has announced that it will acquire White Plains, New York-based Universal American Corp.’s life and health insurance units for approximately $43 million.

Embrace new roles in rapidly changing economy, insurers told

Published October 09, 2015 CST

Relationships with risk managers depend on shift from financial protectors to service providers.

Retired couple needs 11% more for medical expenses

Published October 07, 2015 CST

A 65-year-old couple who retires this year without employer-provided health insurance will need about $245,000 to pay future medical-related expenses, Fidelity Investments said Wednesday.

Worker fired over shrug gets age bias case reinstated

Published October 09, 2015 CST

A federal appeals court has reinstated an age discrimination claim filed by a 20-year employee of a meat company who was immediately terminated after he only shrugged his shoulders in response to a routine question because his mouth was full of coffee.

Innovation disrupts but also presents risk management opportunities

Published October 06, 2015 CST

It's no longer the preserve of just one department but has become the province of a whole company.

Central States Teamsters pension fund seeks permission to cut benefits

Published October 05, 2015 CST

Painful measures will have to be taken to save the Teamsters Central States, Southeast & Southwest Areas Pension Fund, which is projected to become insolvent in 2026.

Mail order pharmacy savings rarely tapped in workers comp

Published October 08, 2015 CST

Filling workers compensation prescriptions via mail order offers numerous advantages, however, the industry has yet to embrace the process.