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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.

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.

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.

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.

Iceland: 5.4-magnitude earthquake hits Bardarbunga volcano

Published November 18, 2014 CST

An earthquake measuring 5.4 in magnitude has hit the northern caldera rim of Iceland's Bardarbunga volcano, reported Iceland Review Online.

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.

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.

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.

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.

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.

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.

Health insurers exhale after smooth start to open enrollment

Published November 18, 2014 CST

A flood of calls and applications in the first days of Obamacare's second open-enrollment period didn't crash the enrollment websites like last year, but it will take a few days to check the accuracy of the information insurers are getting from the exchanges.

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.

Widow of exec who died after Brazil trip eligible for comp: Appeals court

Published November 18, 2014 CST

The widow of a company executive who died from meningitis after returning from a business trip to Brazil can receive workers compensation death benefits, an Illinois appeals court has ruled.

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.

Hamilton Insurance acquiring Lloyd's sports and leisure underwriter and broker

Published November 18, 2014 CST

Hamilton Insurance Group Ltd. on Tuesday said it will acquire Sportscover Underwriting Ltd., a Lloyd's of London managing agency, and Kinetic Insurance Brokers Ltd., a Lloyd's broker, from Wild Goose Holdings Pty. Ltd.

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 leads U.S. states in workers compensation costs

Published October 26, 2014 CST

A biennial ranking showing that workers compensation rates have risen more in California, New York and New Jersey than other states could help drive workers comp reforms nationwide.

PBGC deficit hits record $61.7B in 2014

Published November 17, 2014 CST

The Pension Benefit Guaranty Corp.'s deficit hit a record $61.7 billion in fiscal 2014, the agency said Monday.

AIG to pay $35M fine: New York insurance regulator

Published October 31, 2014 CST

(Reuters) - Insurer American International Group Inc. will pay a $35 million penalty for violations related to former subsidiaries that solicited insurance business in New York without a license.

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.

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.

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.

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.