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Calif. law requires free year of credit monitoring after data breaches

By: Judy Greenwald

Published October 01, 2014 - 2:50pm CST

California Gov. Jerry Brown has signed into law legislation that requires companies affected by data breaches to offer credit monitoring.

SEC charges two with insider trading on hedge fund's bet on Herbalife

Published October 01, 2014 - 2:44pm CST

(Reuters) — U.S. regulators on Tuesday charged two men with insider trading after they learned that hedge fund manager Bill Ackman was planning to announce a $1 billion bet against Herbalife Ltd. based on a view the company was merely a “pyramid scheme.”

Calif. law makes companies share wage, comp liability with labor contractors

By: Judy Greenwald

Published October 01, 2014 - 2:14pm CST

California Gov. Jerry Brown has signed into law a bill that imposes liability on companies when labor contractors fail to pay wages or provide workers compensation premium.

Company's harsh penalties for skipping wellness program draw EEOC action again

By: Judy Greenwald

Published October 01, 2014 - 1:44pm CST

The Equal Employment Opportunity Commission is suing another company with the charge its wellness program violates the Americans with Disabilities Act.

National Council proposes workers comp rate hike for Hawaii in 2015

By: Bill Kenealy

Published October 01, 2014 - 12:26pm CST

The National Council on Compensation Insurance Inc. has proposed a 3.2% rate increase in Hawaii workers compensation advisory rates for 2015.

Risk Strategies merges with specialty broker DeWitt Stern

By: Matthew Lerner

Published October 01, 2014 - 12:25pm CST

Boston-based broker and risk management consultant Risk Strategies Co. Inc. has merged with privately-held, New York-based broker and risk advisor DeWitt Stern Group Inc., the companies said in a statement Wednesday.

U.S. Court in Oklahoma rules against ACA subsidies on federal exchange

By: Jerry Geisel

Published October 01, 2014 - 11:42am CST

Another federal court judge has ruled that the IRS overstepped its authority in 2012 rules authorizing government health insurance premium subsides.

Advanced iOS virus targeting Hong Kong protestors: Security firm

Published October 01, 2014 - 11:39am CST

(Reuters) — Cybersecurity researchers have uncovered a computer virus that spies on Apple Inc.'s iOS operating system for the iPhone and iPad, and they believe it is targeting pro-democracy protesters in Hong Kong.

Sedgwick acquires specialized claims services provider T&H

By: Bill Kenealy

Published October 01, 2014 - 11:30am CST

Third-party administrator Sedgwick Claims Management Services Inc. said on Wednesday that it has finalized its previously-announced acquisition of T&H Global Holdings L.L.C. and its subsidiaries.

Cyber breaches inevitable; business leaders advised to be prepared

Published October 01, 2014 - 11:24am CST

CHICAGO — When it comes to data breaches, it's not a matter of “if,” but “when,” speakers said during the National Risk Retention Association's conference in Chicago.

OFF BEAT: Love wins in tale of Polish zoo donkeys

Published October 01, 2014 - 9:50am CST

A zoo in Poznan, Poland, has given a couple of overly amorous donkeys a reprieve as officials attempted to straddle the stubborn risk management line between delicate human sensibilities and animal rights.

JLT appoints 42-year AIG veteran as a non-executive director

By: Sarah Veysey

Published October 01, 2014 - 9:43am CST

Jardine Lloyd Thompson Group P.L.C. has appointed Nicholas Walsh as a non-executive director, the London-based brokerage announced Wednesday.

Bristol-Myers Squibb signs $1.4 billion pension buyout deal

By: Jerry Geisel

Published October 01, 2014 - 9:37am CST

Bristol-Myers Squibb Co. said Tuesday that it is buying a group annuity to provide pension benefits to about 8,000 retirees and their beneficiaries.

JLT Re enters joint venture Spanish network partner to form JLT March Re

By: Sarah Veysey

Published October 01, 2014 - 9:28am CST

JLT Re, the reinsurance arm of London-based Jardine Lloyd Thompson Group P.L.C. has entered into a joint venture with March JLT Correduria de Seguros S.A., its Spanish network partner, to form JLT March Re, it announced Wednesday.

HCC acquires crop insurer Producers Ag for $110 million

By: Bill Kenealy

Published September 30, 2014 - 5:37pm CST

Houston-based specialty insurer HCC Insurance Holdings Inc. said Tuesday that it has reached a definitive agreement to acquire Producers Ag Insurance Group Inc. from CUNA Mutual Group for approximately $110 million in cash.