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India moves closer to insurance market reforms

Published November 24, 2014 CST

(Reuters) — India's main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence.

Insurers see rates falling up to 15% as competition bites

Published November 20, 2014 CST

(Reuters) — Competition in the global insurance market is driving commercial rates down by as much as 15%, according to senior industry participants as some look to new revenue boosting products.

Home Depot expects data breach to cost at least $34M in 2014

Published November 20, 2014 CST

The Home Depot Inc. has reported pretax net expenses of $28 million related to its recent data breach and said it anticipates the total cost will be about at least $34 million for the year.

Insurance commissioners group's task force to target cyber security

Published November 19, 2014 CST

WASHINGTON — The National Association of Insurance Commissioners has created a task force to help coordinate insurance issues related to cybersecurity, the NAIC recently announced.

Obese workers' absenteeism costs U.S. employers $8.65B a year

Published November 18, 2014 CST

Absenteeism among obese workers in the United States costs employers about $8.65 billion each year, according to a study published in the latest issue of the Journal of Occupational and Environmental Medicine.

National Association of Insurance Commissioners elects 2015 officers

Published November 19, 2014 CST

WASHINGTON — Montana State Auditor and Commissioner of Securities and Insurance Monica J. Lindeen has been elected 2015 president of the National Association of Insurance Commissioners.

Obama administration fudged exchange enrollment with stand-alone dental plans

Published November 21, 2014 CST

Alex Wayne reports for Bloomberg that the government inflated its 2014 enrollment figures for the Patient Protection and Affordable Care Act exchanges by including dental plans with medical plans.

NIST revealing next steps to bolster cyber security

Published November 23, 2014 CST

The National Institute of Standards and Technology, which proposed a voluntary cyber security framework for critical U.S. infrastructure last year, plans to issue a report next month on its intended next steps.

Attacks on hospital nurses trigger state laws to protect them

Published November 23, 2014 CST

Recent acts of violence against health care employees are leading more states to take action to protect medical workers' safety.

Employers to stick with health plan designs in 2015, add wellness incentives

Published November 20, 2014 CST

Very few employers are planning to make drastic changes to their group health benefit plans in 2015, opting instead to add incentives to workplace wellness programs, according to new survey data.

New London firefighters drop DC plan, join Connecticut retirement system

Published November 20, 2014 CST

New London, Connecticut, firefighters are back to participating in a municipal defined benefit plan after being in a 401(a) defined contribution plan for 17 years.

Group health care plans see modest cost increases: Mercer

Published November 19, 2014 CST

Aided by a surge in enrollment in high-deductible plans, group health care plan costs have continued to increase modestly this year, according to a survey by Mercer L.L.C.

York Risk Services acquires New York third-party administrator

Published November 17, 2014 CST

Third-party administrator York Risk Services Group Inc. has acquired Mineola, New York-based TPA Risk Management Planning Group.

Judge rules Illinois pension reform law is unconstitutional

Published November 21, 2014 CST

A Sangamon County, Illinois, Circuit Court judge ruled Friday that Illinois’ pension reform law passed last year is unconstitutional.

House Republicans launch long-discussed anti-ACA lawsuit

Published November 21, 2014 CST

House Republicans filed their long-awaited lawsuit Friday challenging the Patient Protection and Affordable Care Act.

Physician dispensing of prescription drugs down slightly in Connecticut: WCRI

Published November 13, 2014 CST

Physician dispensing of repackaged prescription drugs has “decreased slightly” in Connecticut since workers compensation reforms took effect in July 2012, the Workers Compensation Research Institute said Thursday.

Apple $450M e-book settlement gets final court approval

Published November 21, 2014 CST

(Reuters) — A U.S. judge on Friday gave final approval to Apple Inc.'s agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.

Request for accommodation by disabled med school applicant exceeds ADA: Court

Published November 18, 2014 CST

A disabled medical school applicant's request for accommodation exceeds what is required under the Americans with Disabilities Act, says a federal appeals court.

Boston Scientific to pay $18.5M in mesh case

Published November 20, 2014 CST

(Reuters) — Boston Scientific Corp. was ordered Thursday to pay $18.5 million for injuries caused by transvaginal mesh devices, a plaintiffs' lawyer said, in the third courtroom loss for the company.

California health insurance exchange’s open enrollment off to big start

Published November 21, 2014 CST

California, the biggest public health insurance exchange, says enrollment for 2015 is far eclipsing the enrollment rate during the comparable period last year.

Listing preauthorized medical procedures ruled within N.Y. comp board's powers

Published November 21, 2014 CST

The New York State Workers’ Compensation Board was within its regulatory powers when it created a list of preauthorized medical procedures, and it properly places the burden of proving medical necessity on an injured worker’s treating physician, New York’s highest court ruled.

401(k) auto-enrollment growing in popularity with employers

Published November 21, 2014 CST

More employers are adding automatic enrollment features to their 401(k) and other defined contribution plans, according to a survey.

Marsh places $3.5B in transactional risk market in first half of 2014

Published November 19, 2014 CST

A total of $3.5 billion in insured limits was placed in the transactional risk insurance market in the first half of 2014 by Marsh L.L.C., which was a 59% increase over the same period in 2013, the broker said Wednesday.

Philadelphia denied cut of lawsuit settlement from cop hit by drunk driver

Published November 14, 2014 CST

The city of Philadelphia did not have a right to subrogate a third-party liability award that was paid to a city police officer, even though the city was paying him benefits, an appellate court has ruled.

Cook bitten by co-worker's dog while on smoke break qualifies for comp

Published November 11, 2014 CST

A Pennsylvania court has ruled that a part-time restaurant cook who was bitten by his co-worker's dog should receive workers compensation benefits for the attack.