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Aspen, Endurance exchange fire in hostile takeover battle

Published April 21, 2014 CST

Endurance Specialty Holdings Ltd. responded swiftly Monday morning to a letter from Aspen Insurance Holdings Ltd. to its shareholders on Sunday reiterating the reinsurer's criticism and rejection of Endurance's $3.2 billion hostile takeover offer.

Arizona community college faces class action over data breach

Published April 21, 2014 CST

A proposed class action lawsuit is targeting a community college district in Tempe, Ariz., that allegedly violated several state and federal data protection laws.

Mercer projects health reform law's 2015 penalties, HSA and HDHP tax limits

Published April 18, 2014 CST

Mercer L.L.C. has projected the amounts employers can expect to pay in 2015 for failing to comply with the health care reform law's “play or pay” provisions in a report released on Tuesday.

Marsh & McLennan hires Eddie Dunn as director of veteran recruitment

Published April 21, 2014 CST

Marsh & McLennan Cos. Inc. has named Eddie Dunn as director of military and veteran affairs, responsible for managing veteran recruitment strategy, the broker said Monday.

Property/casualty insurer results strong in 2013 fourth quarter: Survey

Published April 21, 2014 CST

The U.S. property/casualty insurance industry's net income for the fourth quarter of 2013 soared to $20.76 billion from $7.25 billion during the same period a year earlier, according to a survey released Monday.

Dismissal of lawsuit by teacher fired for inappropriate sexual comments upheld

Published April 21, 2014 CST

A federal appeals court has upheld dismissal of retaliation and discrimination claims filed by a terminated college teacher who had continual conflicts with both colleagues and students.

Furniture store that didn't hire pregnant woman must pay: Court

Published April 21, 2014 CST

A midsize office furnishings and architectural store in New York City has agreed to pay $90,000 to settle a pregnancy discrimination lawsuit filed by the EEOC charging it with reneging on an employment to a job applicant who was pregnant.

New Okla. workers comp commission does not have jurisdiction before February

Published April 21, 2014 CST

The new Oklahoma Workers' Compensation Commission does not have jurisdiction to resolve workers comp disputes regarding injuries that happened before February 2014, the Oklahoma Supreme Court has ruled.

PRIMA to train government risk managers on ISO 31000 standard for ERM

Published April 21, 2014 CST

The Public Risk Management Association is developing a program aimed at training a group of government risk managers to train others in the public sector on implementing enterprise risk management using the ISO 31000 standard.

Supreme Court declines Exxon’s appeal in N.Y. water pollution case

Published April 21, 2014 CST

(Reuters) — The U.S. Supreme Court on Monday declined to review a ruling against Exxon Mobil Corp that ordered the company to pay $105 million in damages for polluting New York City’s groundwater with a toxic gasoline additive.

U.S. insider trading cases face test at appeals court

Published April 21, 2014 CST

(Reuters) — An appeals court is set to hear a case whose outcome could make it harder for the government to prosecute insider trading and potentially jeopardize several high-profile guilty verdicts, including that of SAC Capital Advisors portfolio manager Michael Steinberg.

Property/casualty insurance industry welcomes TRIA report

Published April 18, 2014 CST

Property/casualty insurance groups are welcoming a new government report they say demonstrates the need for an extension of the federal government's terrorism insurance backstop program.

UnitedHealth expanding presence in federal exchanges in 2015

Published April 21, 2014 CST

UnitedHealth Group, the nation's largest insurer, plans to expand its presence in the state and federal exchange marketplaces in 2015.

Indiana workers comp claims higher, growing faster than similar states: Study

Published April 18, 2014 CST

Workers compensation medical payments in Indiana are costlier and growing at a faster rate than medical claim payments in comparable states.

Retailer Michaels Stores confirms payment card data breach

Published April 18, 2014 CST

(Reuters) — Michaels Stores Inc. confirmed that there was a security breach at certain systems that process payment cards at its U.S. stores and that of its unit, Aaron Brothers.

Lululemon yoga pants lawsuits in U.S. win final dismissals

Published April 18, 2014 CST

(Reuters) — A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc. and various company officials of defrauding shareholders by concealing defects in yoga pants.

Auto air bag maker Continental named in GM recall suit

Published April 18, 2014 CST

(Reuters) — Plaintiffs lawyers are seeking to draw Continental Automotive Systems U.S., the maker of air bag systems in recalled General Motors Co. vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths.

Plant manager's age bias lawsuit reinstated by appeals court

Published April 18, 2014 CST

A 62-year-old man who was terminated from his position as a printing plant facilities manager has provided sufficient evidence to establish he may have been unlawfully replaced by a younger employee, despite the company's claims to the contrary, says an appeals court, in reversing a lower court ruling and reinstating an age discrimination lawsuit.

GM says recalled cars safe, but has not tested for knee-bump danger

Published April 18, 2014 CST

(Reuters) — General Motors Co. says cars being recalled because of faulty ignition switches can be driven safely before repairs, based on more than 80 tests, but the automaker has not addressed a problem long known to potentially shut off the engine: a simple bump from a driver's knee.

Endurance names Richard Housley head of global property insurance practice

Published April 18, 2014 CST

Endurance Specialty Holdings Ltd. has named Richard Housley as executive vice president and global practice leader for property insurance, the Pembroke, Bermuda-based insurer said Friday.

SEC's information technology at risk of hacking: Report

Published April 18, 2014 CST

(Reuters) — The SEC has failed to protect its data network against possible breaches, to encrypt highly sensitive information, or to use strong enough passwords.

Compensation battle rages four years after BP's U.S. oil spill

Published April 18, 2014 CST

(Reuters) — Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, La., and some islanders are fed up with hearing from BP that the crisis is over.

California sees health exchange surge as open enrollment ends for 2014

Published April 18, 2014 CST

(Reuters) — Thanks to a final April surge, California's health care exchange marketplace enrolled a total of 1.4 million people in private health insurance plans, state officials announced Thursday.

Florida law bars pregnancy discrimination: Florida Supreme Court

Published April 18, 2014 CST

Florida's civil rights law prohibits pregnancy discrimination despite not explicitly saying so, says the Florida Supreme Court in overturning a lower court decision and ruling on the issue for the first time.

Health care exchanges look more appealing to insurers the 2nd time around

Published April 21, 2014 CST

Health insurers appear to be increasingly bullish on the fledgling state and federal exchanges, in spite of disastrous rollouts in many of the online marketplaces last fall. Mounting evidence suggests more health plans are poised to compete for exchange business during the 2015 open-enrollment period.