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TRIA reauthorization supporters pin their hopes on the next Congress

By: Mark A. Hofmann

Published December 21, 2014 - 6:00am CST

Supporters of the federal terrorism insurance backstop are guardedly optimistic the next Congress will take up reauthorization of the program shortly after it convenes next month.

Senate's failure to reauthorize TRIA sends shockwaves through insurance sector

By: Matthew Lerner

Published December 21, 2014 - 6:00am CST

The failure of the U.S. Senate last week to enact legislation extending the federal government's terrorism insurance backstop beyond its year-end expiration sent shockwaves through the insurance sector.

North Korea's Sony hack seen as cyber security game-changer

By: Louise Esola

Published December 21, 2014 - 6:00am CST

Risk and security experts examining the unprecedented cyber attack on Sony Pictures Entertainment Inc. see it as a game-changer for companies who think they have a handle on cyber security.

Supreme Court could give definitive ruling on states' rights to ban gay marriage

By: Matt Dunning

Published December 21, 2014 - 6:00am CST

A definitive ruling by the U.S. Supreme Court on states' rights to ban gay marriage could come as early as June 2015, experts say, bringing welcome relief for employers and their benefits management staffs.

London looks to change tax rates to lure and retain reinsurance business

By: Sarah Veysey

Published December 21, 2014 - 6:00am CST

A U.K. government drive to attract and retain reinsurance business in London has been welcomed by market participants concerned about competitive threats posed by other jurisdictions.

Workers comp treatment rules on epidural steroid injections may tighten

By: Stephanie Goldberg

Published December 21, 2014 - 6:00am CST

Warnings by the U.S. Food and Drug Administration could lead state workers compensation systems and payers to tighten treatment guidelines for epidural steroid injections.

Epidural steroid injections carry risks, but offer advantages over opioids

By: Stephanie Goldberg

Published December 21, 2014 - 6:00am CST

"Whenever there's introduction of a needle into the body, we think about potential safety concerns,” said Dr. Robert Hall, Westerville, Ohio-based medical director at pharmacy benefit manager Helios.

XL Group's $3.4 billion bid to buy London rival Catlin may start trend

By: Douglas McLeod

Published December 21, 2014 - 6:00am CST

XL Group P.L.C. will gain scale and a much bigger London presence with its proposed acquisition of Catlin Group Ltd., though some experts express caution about potential pitfalls of the combination.

Senate's suspension of truck driver rest rules wins support from industry reps

By: Bill Kenealy

Published December 21, 2014 - 6:00am CST

The Senate's recent decision to temporarily suspend controversial U.S. Department of Transportation rules dictating the scheduling of rest periods for truck drivers is being hailed by transportation industry representatives and observers who say the rules did little to enhance road safety.

Multiemployer pension plan reform bill allows benefit cuts to avoid insolvency

By: Jerry Geisel

Published December 21, 2014 - 6:00am CST

Eleventh-hour congressional action last week ends any imminent risk of the collapse of big, massively underfunded multiemployer pension plans and the federal insurance program that guarantees a portion of participants' benefits, but long-term problems remain.

New hepatitis C drug Sovaldi raises workers compensation cost concerns

By: Sheena Harrison

Published December 21, 2014 - 6:00am CST

A federal lawsuit alleging price gouging by the maker of hepatitis C drug Sovaldi mirrors a growing struggle to contain hepatitis C-related workers compensation prescription costs that can reach up to $150,000 per claimant.

Business Insurance Year in Review and 2015 forecast

By: Bill Kenealy

Published December 21, 2014 - 6:00am CST

Risks during 2014 ranged from lawsuits over defective products to malware-infected computer systems to the fear of Ebola-infected employees. Yet abundant insurance capacity and a relatively quiet catastrophe year pressured commercial insurance pricing, generally benefitting risk managers and buyers.

2015 risk management outlook hinges on evolving cyber and catastrophe risks

By: Bill Kenealy

Published December 21, 2014 - 6:00am CST

An issue that looks to remain a primary challenge for risk management professionals and insurers alike in 2015 is cyber risk and a rising number of attacks.

Health care reform developments dominate benefits management issues in 2014

By: Jerry Geisel

Published December 21, 2014 - 6:00am CST

Topped by the U.S. Supreme Court's decision to review whether individuals can obtain premium subsidies to buy health insurance in federal exchanges, developments related to the health care reform law dominated 2014.

2015 benefits management outlook shaped by courts and congressional changes

By: Jerry Geisel

Published December 21, 2014 - 6:00am CST

The U.S. Supreme Court and Congress will play key roles in the future of the health care reform law.

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