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High-deductible plans and wellness programs keep health care costs low

Published September 14, 2014 CST

Employers' move to high-deductible health plans and greater use of generic drugs and wellness programs are limiting increases in health care costs, with no sign that premiums will surge in the near future.

Home Depot has $105 million in cyber insurance to cover data breach

Published September 14, 2014 CST

Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured retention, market sources say.

Home Depot, Apple cyber attacks highlight variety of methods used by hackers

Published September 14, 2014 CST

Recent cyber attacks against Home Depot and Apple highlight the variety of methods hackers can use to steal sensitive customer data, as well the crisis management strategies companies can take in the wake of an attack.

OFF BEAT: Policies provide Olive Garden all the trouble it can stomach

Published September 15, 2014 CST

Olive Garden might be willing to sell a pass for unlimited pasta, but the restaurant chain moved quickly last week to make clear there are limits on just who uses those passes.

Integro adds middle-market expertise with two broker hires

Published September 15, 2014 CST

Integro Ltd. is bolstering its middle-market practice with the addition of two experienced brokers focused on its operations in New York and New Jersey.

Data breaches, terrorism, injury payments among insurers' emerging risks: Report

Published September 15, 2014 CST

Cyber risk, terrorism and new compensation structures for long-term bodily injuries are among the emerging risks facing reinsurers and insurers, according to a report from Guy Carpenter & Co. L.L.C.

Illinois law that raises tax on captive insurers draws fire

Published September 12, 2014 CST

An Illinois law that apparently will subject Illinois-based companies to self-procurement taxes on premiums placed in their captives could be “very detrimental” to those companies' captive operations, a captive association leader said.

Allianz integrates Fireman’s Fund commercial business to boost U.S. P/C brand

Published September 17, 2014 CST

The commercial property/casualty insurance business of Fireman’s Fund Insurance Co. will be integrated into Allianz Global Corporate & Specialty.

Employers' wearable device policies should control and restrict use

Published September 14, 2014 CST

Employer policies addressing wearable devices should be adapted to each workplace and incorporate who is permitted to use the devices, when they can and cannot be used, and where they can and cannot be used.

Enrollment in high-deductible health plans keeps growing: Report

Published September 16, 2014 CST

Enrollment in high-deductible health insurance plans, including consumer-driven health plans, continues to grow, the National Center for Health Statistics said in a report Tuesday.

Brokers diverge in investments in risk management information systems

Published September 14, 2014 CST

Aon P.L.C.'s decision to sell its RMIS unit, Aon eSolutions Inc., to an affiliate of private equity firm Symphony Technology Group provides a study in contrasting RMIS approaches by the world's two largest insurance brokers.

Wells Fargo Bank settles EEOC same-sex harassment suit for $290,000

Published September 16, 2014 CST

Wells Fargo Bank N.A. has agreed to pay $290,000 to settle a U.S. EEOC lawsuit in which the bank was charged with creating a sexually hostile work environment at one of its branches.

Late Fukushima manager flagged risks of Japan's big nuclear plants

Published September 11, 2014 CST

(Reuters) — The late manager of Japan's destroyed Fukushima plant questioned the safety of large nuclear facilities, documents showed on Thursday, potentially affecting the debate over the restart of the world's biggest nuclear power station.

Aging insurance industry seeks to replenish its ranks with young recruits

Published September 14, 2014 CST

DALLAS — The insurance industry has jobs to offer because up to one-quarter of the current workforce could retire in the next several years, as well as opportunities that range from working from home to learning about the jungle.

App developers seek clearer U.S. health data privacy guidelines

Published September 16, 2014 CST

(Reuters) — Developers of apps for mobile devices are asking a U.S. agency to clarify its rules for protecting patient health information to reflect the fast-evolving technology.

Mid-market companies must plan and strategize before managing risks abroad

Published September 14, 2014 CST

A midsize company must set its international strategy and mine its resources before deciding how to manage its risks when expanding abroad.

Coke, J&J join big companies behind new employee wellness push

Published September 17, 2014 CST

(Reuters) — Leaders of some of the biggest U.S. corporations unveiled a campaign on Tuesday to reduce the nation's health care costs, urging their peers to embrace wellness programs to improve employee health.

NCCI recommends lower workers compensation rates for 15 states

Published September 14, 2014 CST

An improving workers compensation market is driving the National Council on Compensation Insurance Inc. to recommend more decreases in state workers comp rates for next year.

American Express workplace wellness program enjoys successful global strategy

Published September 14, 2014 CST

Since its U.S. rollout in 2009, New York-based American Express Co.'s Healthy Living workplace wellness program has grown into a global strategy that encompasses worksites in 22 countries.

Cultural differences, insurance laws challenge global wellness strategies

Published September 14, 2014 CST

American employers hoping to expand their workplace wellness strategies globally must account for variations in the needs and resources of their foreign-based employees to effectively design, implement and monitor wellness programs overseas.

More than 42 million Americans lacked health insurance in 2013: Census Bureau

Published September 16, 2014 CST

More than 42 million Americans — 13.4% of the U.S. population — lacked health insurance coverage in 2013, the U.S. Census Bureau said Tuesday in a new survey.

Wearable devices soar in popularity and pose new privacy risks to employers

Published September 14, 2014 CST

Employers should prepare for thorny privacy and liability issues likely to emerge with the growing popularity of wearable devices, such as Google Glass, and their inevitable appearance in the workplace.

Wearable devices can be used by employers to track worker health and safety

Published September 14, 2014 CST

Wearable devices could help employers improve the health and safety of their workers.

Gallagher captive manager Artex discloses it's subject to IRS probe

Published September 10, 2014 CST

Artex Risk Solutions Inc. has confirmed that it is involved in an Internal Revenue Service probe into captive insurers formed under 831(b) of the Internal Revenue Code.

This week's Top 10 features on BusinessInsurance.com

Published September 12, 2014 CST

Find out which of this week's features on BusinessInsurance.com were the most popular.