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Tracy Morgan sues Wal-Mart and its trucking unit for negligence

Published July 20, 2014 CST

Comedian Tracy Morgan is accusing Wal-Mart Stores Inc. with being “careless and negligent” in a lawsuit following an accident in the early morning of June 7 on the New Jersey Turnpike in which a Wal-Mart truck driver hit his limousine, killing one passenger and seriously injuring him and other passengers.

IRS releases draft of employer reporting form for health reform law compliance

Published July 25, 2014 CST

The Internal Revenue Service has issued draft versions of the reporting forms most employers will begin using next year to show that their group health insurance plans comply with the health care reform law.

Colorado, Illinois pass new workers comp laws

Published June 11, 2014 CST

Colorado workers compensation claimants will have a greater number of treating physicians to choose from for their medical care, thanks to new legislation set to kick in next year that was supported by Colorado businesses.

Xerox closes buyout of workers comp firm ISG Services

Published June 12, 2014 CST

Xerox Corp. has completed a deal to acquire workers compensation services provider ISG Services Inc. for $225 million, adding to the corporation's presence in what it sees as a “growing” workers comp market.

Hartford realigns senior leadership

Published July 30, 2014 CST

The Hartford Financial Services Group Inc. has announced a realignment of its senior leadership positions.

Reported data breaches running 20.5% higher than in 2013: Report

Published July 24, 2014 CST

The number of data breaches so far this year, at 411, is a 20.5% increase over the same time period last year, says the Identity Theft Resource Center, in a report issued Wednesday.

House plan to sue Obama over employer-mandate delay moves forward

Published July 25, 2014 CST

A resolution authorizing the House of Representatives to sue President Barack Obama for exceeding his constitutional authority by delaying the employer mandate in the federal health care law cleared the House Rules Committee.

Aon second-quarter revenue flat at $2.92 billion

Published July 25, 2014 CST

Aon P.L.C. on Friday reported revenue of $2.92 billion for the second quarter of 2014, an increase of less than 1% over the same period a year earlier.

Total cost of risk for companies rises in 2013: RIMS survey

Published July 28, 2014 CST

The average total cost of risk for companies rose for third straight year in 2013, analysis released Monday by the Risk & Insurance Management Society Inc. and Advisen Ltd. finds.

Most employers don't measure cost of worker absences: Survey

Published July 23, 2014 CST

The majority of employers don't measure the impact of absence on their bottom line, despite the fact that it costs about 8% of payroll on average, according to an Aon Hewitt survey released Wednesday.

Colorado insurance exchange CEO jumps to Cigna

Published July 25, 2014 CST

Patty Fontneau, CEO of Connect for Health Colorado, will leave her position at the state's health insurance exchange in mid-August to become president of Cigna Corp.'s private exchange business.

Insurance specialist law firm Kaufman Dolowich & Voluck adds partners

Published July 25, 2014 CST

Insurance specialist law firm Kaufman Dolowich & Voluck L.L.P., based in Woodbury, New York, on Thursday said it has added two partners to its staff.

EEOC sues employer for demanding health care details for worker absences

Published July 28, 2014 CST

The EEOC has filed suit against a construction equipment supplier, charging that it violated the Americans with Disabilities Act by improperly demanding disability-related information from its workers.

Citigroup unit pays record penalty to settle SEC charges

Published July 25, 2014 CST

(Reuters) — A business unit of Citigroup will pay $5 million to settle civil charges that one of its private trading venues violated federal law by failing to protect its clients' confidential trading data, U.S. regulators said Friday.

Evidence of racial discrimination in Cablevision case overlooked: Appeals court

Published July 25, 2014 CST

A federal court overlooked evidence when it dismissed the racial discrimination and retaliation claims of a fired African-American area operations manager at Cablevision Systems Corp., a U.S. appeals court ruled Friday in reinstating the charges.

Ex-BizJet CEO pleads guilty in Latin American bribe scandal

Published July 25, 2014 CST

The former president and CEO of Oklahoma City-based BizJet International Sales & Support Inc. has pleaded guilty for his participation in a scheme to pay bribes to Mexican and Panamanian government officials.

Abbott Labs' $84M insurance award in claims dispute over obesity drug upheld

Published July 29, 2014 CST

An Illinois appeals court has upheld an $84.5 million insurance award to drugmaker Abbott Laboratories in a breach-of-contract claim against several Lloyd’s of London syndicate underwriters.

U.S. group overhauls China business in meat safety scandal

Published July 28, 2014 CST

(Reuters) — A leading U.S. meat supplier said on Monday that a Chinese unit at the center of a food safety scandal had issues that were “absolutely inconsistent” with the group's high standards.

Aetna says Coventry purchase boosted second-quarter profit

Published July 29, 2014 CST

(Reuters) — Aetna Inc., the third-largest U.S. health insurer, reported a higher second-quarter profit that beat analyst expectations, helped by last year's acquisition of Medicare and Medicaid provider Coventry Health Care.

Lloyd's of London's profits to take hit from Malaysia Airlines flight disasters

Published July 28, 2014 CST

Lloyd's of London is expected to see hundreds of millions of pounds wiped from its profits in 2014 becasue of the two recent Malaysia Airlines flight disasters involving flights MH-17 and MH-370, Sunday Express reported.

NCAA proposes $75M settlement of concussion lawsuits filed by college players

Published July 29, 2014 CST

The National Collegiate Athletic Association on Tuesday filed a proposed $75 million settlement of several consolidated class action suits brought by athletes who suffered concussions while playing college sports.

OFF BEAT: Apparel maker has ‘Duck Dynasty’ camo in its sights

Published July 25, 2014 CST

A Florida apparel manufacturer is taking aim at a line of camouflaged T-shirts from the once-popular reality TV series “Duck Dynasty.”

OFF BEAT: Dog slips disc in tall grass, owner wants vet bill reimbursed

Published July 28, 2014 CST

The legal arena can be a dog-eat-dog world, but one pet owner from England is taking on her local council to seek compensation for injuries her dog sustained while undertaking that most clichéd of dog activities: chasing a cat.

Lloyds Bank fined $370M for rigging Libor interest rates

Published July 28, 2014 CST

(Reuters) — Britain's Lloyds Banking Group P.L.C. has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a U.K. government lending plan.

Ace CEO confident of handling risks in emerging markets

Published July 25, 2014 CST

Evan Greenberg, chief executive of Ace Ltd., has said he is confident of being able to handle risks in emerging markets thanks to the insurer's strategy for integrating companies, Bloomberg reported.