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More employers use workplace wellness programs to reward healthy behavior

Published January 18, 2015 CST

As employers pursue effective workplace wellness programs, their embrace of results-based financial incentives and other emerging health management strategies is likely to broaden this year.

Alliant to buy QBE's U.S. specialty agencies for $300 million

Published January 20, 2015 CST

QBE Insurance Group Ltd. will sell its U.S. agency businesses to Alliant Insurance Services Inc. for about $300 million, the Sydney-based insurer said Tuesday.

Wal-Mart settles with family of comedian killed in Tracy Morgan crash

Published January 23, 2015 CST

Wal-Mart Stores Inc. has reached a settlement with the family of the comedian killed in the crash that seriously injured comedian Tracy Morgan, the retailer said.

Medical marijuana deemed 'reasonable and necessary' in N.M. workers comp case

Published January 20, 2015 CST

Medical marijuana should be classified as “reasonable and necessary medical care” and paid for under a New Mexico man's workers compensation claim, the New Mexico Court of Appeals ruled last week.

McDonald's faces civil rights lawsuit from former workers in Virginia

Published January 22, 2015 CST

(Reuters) — Former McDonald's workers in Virginia filed a civil rights lawsuit Thursday against the fast-food chain and owner of restaurants where they worked in the latest bid to hold it legally responsible for the actions of its franchisees.

Falling oil prices place new emphasis on risk management in energy sector

Published January 18, 2015 CST

The ongoing drop in oil prices is putting new emphasis on risk management in the energy sector as insurers brace for potential market changes.

Obama says Affordable Care Act is key to economic recovery

Published January 21, 2015 CST

President Barack Obama described the Affordable Care Act as part of the fabric of middle-class economic recovery as he delivered a State of the Union address to a Republican-controlled Congress intent on dismantling the law.

Huge price gaps for hip, knee replacements 'seemingly random'

Published January 21, 2015 CST

(Reuters) — Hip and knee replacements, two of the fastest-growing U.S. medical procedures, are subject to huge — and apparently random — price variations within the same geographical areas.

Beheaded woman's husband to receive workers comp benefits

Published January 21, 2015 CST

The widower of an Oklahoma worker who was decapitated by her co-worker is entitled to death benefits and lifetime weekly workers compensation benefits, an administrative law judge has ruled.

Marsh, Hiscox executives to join Swiss Re cyber team

Published January 22, 2015 CST

Swiss Re Corporate Solutions on Thursday said it has named former Marsh L.L.C. and Hiscox Ltd. executives to its cyber and technology team.

Workers comp sector seeks to curb off-label drug use

Published January 18, 2015 CST

Medications such as Abilify and Actiq are being used off-label to treat injured workers, prompting the workers comp sector to focus on curbing inappropriate prescribing that may be pricey and dangerous.

International insurance groups promote microinsurance

Published January 22, 2015 CST

A group of prominent insurers, reinsurers and brokers on Thursday said it has established a consortium to promote microinsurance ventures in developing countries.

Dead worker's estate can't collect on liability policy

Published January 22, 2015 CST

The 11th U.S. Circuit Court of Appeals on Thursday found that Florida's workers comp exclusive remedy provision prevents a $9.5 million liability judgment from being paid by an insurer to the estate of a Florida worker killed on the job.

Sony hack serves as wake-up call, boosts interest in cyber security protocol

Published January 18, 2015 CST

The cyber attack on Sony Corp. has been a wake-up call for many senior managers nationwide who were not already motivated by earlier hacking events.

XL, Catlin merger prompts series of executive changes

Published January 18, 2015 CST

A series of executive changes are expected following the merger of XL Group P.L.C. and Catlin Group Ltd.

Timken to buy Prudential annuity for pension benefits

Published January 23, 2015 CST

North Canton, Ohio-based bearings and power transmissions manufacturer The Timken Co. said it is buying a group annuity to provide pension benefits to about 5,000 retirees and their beneficiaries.

Target tries to pin breach costs on credit card issuers in latest legal move

Published January 16, 2015 CST

Credit card issuers themselves are responsible for any losses they sustained as a result of the Target Corp. breach, says the retailer, in a court filing Thursday in response to litigation filed by the financial institutions.

TRIA's temporary lapse sparks interest in private coverage of terrorism risks

Published January 18, 2015 CST

The temporary lapse of the federal terrorism reinsurance backstop has spurred growth in the stand-alone market, with greater buyer interest in purchasing private insurance and more insurers offering private coverage of the risk.

Pro wrestlers sue WWE over concussions

Published January 22, 2015 CST

Two former professional wrestlers have sued World Wrestling Entertainment Inc. for concussions they sustained during their careers.

The 2015 Innovation Awards winners
are …

Published January 23, 2015 CST

Business Insurance on Friday announced 10 winners of the 2015 Innovation Awards, the publication's recognition program for products and services designed for use by professional risk managers.

Federal health exchange enrollment nearly 6.8 million: HHS

Published January 14, 2015 CST

Nearly 6.8 million individuals signed up for health insurance plans through the federal exchange during the first eight weeks of the 2015 open enrollment season, HHS reported Wednesday.

Talent retention will be a key challenge in XL, Catlin merger

Published January 18, 2015 CST

The need to retain key staff members and the business they generate will be a key challenge in the merger of XL Group P.L.C. and Catlin Group Ltd.

Federal health exchange enrollment hits 7.1 million

Published January 21, 2015 CST

More than 7.1 million individuals signed up for health insurance plans through the federal exchange during the first nine weeks of the 2015 open enrollment season, the U.S. Department of Health and Human Services reported Wednesday.

Driver can't hide this crash from insurer

Published January 22, 2015 CST

When insurance companies encourage their policyholders to be proactive about paying their premiums and reporting claims, this case almost certainly isn’t what they have in mind.

Republicans move to kill health reform law's individual mandate

Published January 22, 2015 CST

Legislation that would eliminate the health reform law's mandate for most Americans to buy insurance was introduced Wednesday by a pair of senators running the committees with the most influence over health care issues.