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Arab Bank found liable over Hamas attacks, U.S. jury says

Published September 22, 2014 - 4:18pm CST

(Reuters) — In a first-of-its-kind case, a U.S. jury on Monday said Arab Bank P.L.C. provided material support to Hamas and must therefore compensate the victims of two dozen attacks the Islamic militant group allegedly carried out in Israel and the Palestinian territories.

SEC announces $30M payout in largest whistleblower award

Published September 22, 2014 - 3:25pm CST

(Reuters) — An anonymous tipster living abroad will receive $30 million in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to encourage insiders to report wrongdoing.

EEOC sues restaurant franchisee over employee arbitration requirement

By: Bill Kenealy

Published September 22, 2014 - 3:17pm CST

The U.S. Equal Employment Opportunity Commission is suing restaurant franchisee Doherty Enterprises Inc. over the company’s use of mandatory arbitration agreements for employees.

Hydrocodone, oxycodone top opioids dispensed by Pennsylvania doctors

By: Stephanie Goldberg

Published September 22, 2014 - 3:08pm CST

Hydrocodone-acetaminophen and oxycodone-acetaminophen are the two most commonly dispensed opioids by physicians in Pennsylvania, according to a Workers Compensation Research Institute study.

Sheplers western wear stores reveal data breach

By: Judy Greenwald

Published September 22, 2014 - 3:02pm CST

Western wear retail chain Sheplers said it has experienced a data breach in which hackers gained access to its systems and some of its customers’ payment card information over almost a three-month period that ended earlier this month.

Court reinstates case that London bank aided Hamas

By: Judy Greenwald

Published September 22, 2014 - 3:01pm CST

A U.S. appeals court has reinstated litigation against a London-based bank on charges it aided Hamas in violation of the Antiterrorism Act, ruling a lower court had misinterpreted the law.

DSW to pay $900K to settle case of age bias in layoffs

By: Judy Greenwald

Published September 22, 2014 - 2:51pm CST

DSW Inc. has agreed to pay $900,000 to settle an EEOC age discrimination lawsuit in which it was charged with firing employees over the age of 40 years old during a reduction in force.

Property/casualty policyholder surplus reaches record $683.1B: A.M. Best

By: Mark A. Hofmann

Published September 22, 2014 - 2:34pm CST

U.S. property/casualty insurer's policyholder surplus reached a record $683.1 billion during the first half of this year, according to a report released Monday by A.M. Best Co. Inc.

French court rules UBS must deposit 1.1B euro in tax probe

Published September 22, 2014 - 11:21am CST

(Reuters) — A French appeals court ruled on Monday Swiss bank UBS must deposit a guarantee of 1.1 billion euros ($1.41 billion) in an investigation of charges it helped wealthy French customers avoid tax, the prosecutor’s office said.

Medical-liability carriers' 2013 premium income drops as providers consolidate

By: Andis Robeznieks and Michael Sandler, Modern Healthcare

Published September 22, 2014 - 10:40am CST

The nation's largest medical-liability carriers are selling less insurance, and collecting less premium income, thanks to consolidation among healthcare providers, more self-insurance, a highly competitive market and a decline in claims frequency, experts said.

JLT adds three Lockton execs to its specialty cyber team

By: Sarah Veysey

Published September 22, 2014 - 9:52am CST

Jardine Lloyd Thompson Group P.L.C. has appointed a group of Lockton Cos. Inc. employees to its U.S. specialty arm's cyber team, the London-based brokerage announced Monday.

Anthem, LA providers creating HMO to compete with Kaiser

By: Melanie Evans, Modern Healthcare

Published September 22, 2014 - 9:16am CST

An unusual joint venture between Anthem Blue Cross and seven competing Los Angeles-area hospital systems to offer employers a low-priced HMO plan underscores the eagerness of insurers and providers to try novel and risky strategies to survive in the rapidly changing healthcare marketplace.

House approves bill defining full-time employees as those working 40 hours

By: Jerry Geisel

Published September 19, 2014 - 3:24pm CST

For the second time this year, the House of Representatives approved legislation to ease the health care reform law's definition of a full-time employee by changing it to those working an average of at least 40 hours per week.

Swiss Re executive says reinsurer has plans to cut catastrophe coverage: Report

By: Matthew Lerner

Published September 19, 2014 - 3:01pm CST

Swiss Re Ltd. apparently plans to cut its catastrophe coverage and compensate by looking to new lines of business as pricing declines hit the reinsurance sector, a senior executive said.

Excess and surplus insurers profitable in face of competition: Moody's

By: Judy Greenwald

Published September 19, 2014 - 2:57pm CST

The U.S. excess and surplus lines market is experiencing a period of growth because of rate increases and an improving economy, while profitability is strong.