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Most Read Mid-Market Executive News

Electronic payment intermediary Charge Anywhere reports data breach

Published December 15, 2014 CST

Charge Anywhere L.L.C., a firm that operates as an intermediary between retailers' point-of-sale systems and their payment processors, has reported that an unauthorized hacker may have had access to its consumer data.

U.S. corporate health exchanges find no new blue chip clients

Published December 15, 2014 CST

(Reuters) — Companies in the health care sector have invested hundreds of millions of dollars to build exchanges that allow company employees to buy their own insurance, betting that Corporate America wants to get out of managing workers' health benefits.

Congress gives final OK to bill allowing multiemployer pension plan benefit cuts

Published December 15, 2014 CST

Trustees of financially distressed multiemployer pension plans would be allowed to cut participants' benefits to prevent the plans from becoming insolvent under legislation given final congressional approval Saturday.

New York City asbestos court tops 'judicial hellholes' list for 2014

Published December 16, 2014 CST

The New York City Asbestos Litigation court heads the American Tort Reform Foundation's 2014-2015 list of “Judicial Hellholes,” released Tuesday.

Alliant acquires New York employee benefits provider

Published December 11, 2014 CST

Specialty insurance broker Alliant Insurance Services Inc. on Thursday announced it has acquired New York-based employee benefits provider The Camps Group L.L.C.

U.S. CEOs threaten to pull tacit Obamacare support over 'wellness' spat

Published December 01, 2014 CST

(Reuters) — Leading U.S. CEOs, angered by the Obama administration's challenge to certain "workplace wellness" programs, are threatening to side with anti-Obamacare forces unless the government backs off.

Surplus lines insurer James River raises $231 million in IPO

Published December 12, 2014 CST

Hamilton, Bermuda-based James River Group Holdings Ltd., the parent company of excess and surplus lines insurer James River Insurance Co., raised about $231 million in its initial public offering Friday.

Nodak Mutual acquires South Dakota auto MGA, underwriting firms

Published December 05, 2014 CST

Property/casualty insurer Nodak Mutual Insurance Co. has acquired Spearfish, South Dakota-based managing general agent Tri-State Ltd. and Spearfish-based specialty underwriter Primero Insurance Co.

Public health exchange enrollment could increase up to 70% in 2015: Consultant

Published December 16, 2014 CST

Enrollment in public health insurance exchanges by the end of 2015 is projected to increase between 40% and 70%, with enrollment falling in a range of between 9.5 million and 11.5 million, a health care consultant estimates.

Louisiana to cut workers compensation insurance rates by 2.4%

Published December 17, 2014 CST

Louisiana businesses will see a 2.4% cut in workers compensation insurance rates as of May 1, 2015, according to the state’s insurance department.

Integro acquires bloodstock broker Howard Global Insurance Services

Published December 17, 2014 CST

New York-based Integro Ltd. has acquired London-based Howard Global Insurance Services Ltd., a Lloyd's of London broker that specializes in bloodstock, Integro announced Wednesday.

COMMENTARY: Women to Watch stretch assignment leads to new role

Published December 07, 2014 CST

When Brian Duperreault, CEO of Hamilton Insurance Group Inc., suggested in his keynote speech at the Bermuda Captive Conference earlier this year that women need to take “stretch assignments” to move up the corporate ladder, it reminded me of all those “extra credit” assignments I completed back in high school. Teachers promised those assignments could help boost my grade…

Business Insurance names 2014 Women to Watch

Published October 08, 2014 CST

Business Insurance on Wednesday announced the honorees for its 2014 Women to Watch recognition program.

Cyber-related directors and officers liability claims expected to increase

Published November 09, 2014 CST

LAS VEGAS — Cyber-related directors and officers liability claims are rare, but that will likely change soon.

Pioneer Special Risk begins underwriting at Lloyd's of London

Published December 09, 2014 CST

New York-based Pioneer Special Risk, a unit of Pioneer Underwriting Ltd., on Tuesday announced it has obtained Lloyd's of London coverholder status and has started underwriting management and professional liability lines.

Few states move to establish health exchanges despite subsidies' legal peril

Published December 03, 2014 CST

The Democrat-controlled Illinois Legislature appears poised to approve legislation this week establishing a state-based insurance exchange.

Brokerage USI buys Holmes Murphy's St. Louis operation

Published December 02, 2014 CST

USI Holdings Corp. has acquired insurance brokerage Holmes Murphy & Associates Inc.’s operation in St. Louis, USI announced Tuesday.

Liberty Mutual expands cyber coverage for commercial buyers

Published November 24, 2014 CST

Liberty Mutual Insurance Co. on Monday said it is offering cyber coverage to users of its commercial package products and monoline general liability policies for small and midsize businesses.

Arthur J. Gallagher acquires Australia-based brokerage Blue Holdings

Published December 05, 2014 CST

Arthur J. Gallagher & Co. has acquired Brisbane, Australia-based insurance brokerage and risk management firm Blue Holdings Pty Ltd.

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.

Marsh & McLennan Agency acquires California brokerage

Published November 07, 2014 CST

Marsh & McLennan Agency L.L.C., a division of Marsh L.L.C., has acquired Irvine, California-based middle-market property/casualty broker NuWest Insurance Services Inc.

Hub International acquires benefits consultant Laurus Strategies

Published October 29, 2014 CST

Chicago-based Hub International Midwest, is acquiring the assets of Laurus Strategies, an employee benefits, human resource technology and global benefits consulting business.

Plant closed by ammonia discharge suffered direct physical property loss: Court

Published November 26, 2014 CST

The sudden discharge of ammonia that temporarily closed a New Jersey-based manufacturer's plant qualifies as direct physical property loss or damage under New Jersey law, a federal judge has ruled.

Workers compensation insurers to see profit in 2014: NCCI

Published November 10, 2014 CST

Workers compensation premiums are projected to grow 7% this year over 2013 to $39.3 billion as workers comp insurers see the first signs of profitability in eight years, the NCCI said Monday.

Hub International unit buys mid-market broker Fotek

Published November 07, 2014 CST

Hub International Northeast Ltd., a subsidiary of insurance brokerage Hub International Ltd., has acquired Wall, New Jersey-based middle-market employee benefits broker Fotek Insurance Agency Inc.